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UAE continues to deliver food aid to Yemeni people

HODEIDAH / WAM The UAE, through its humanitarian arm, the Emirates Red Crescent (ERC) continues relief efforts in Yemen, by distributing food aid to the people of Khokha in the Hodeidah governorate. The ERC team distributed 300 food baskets to 2,100 displaced families in the Khokha district. Fathia Al Ma’amari, Director of the Human Rights Office in Hodeidah, expressed her ...

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Exxon Mobil restarts drilling at offshore hotspot in voting crisis

Bloomberg Exxon Mobil Corp resumed drilling in Guyana last month, underscoring its dedication to the offshore hotspot despite the oil price crash and a messy turn in local politics. Two of Exxon’s four drillships went back to work, according to data published by Baker Hughes Co. The company later confirmed that the Stena Carron and Noble Tom Madden vessels returned ...

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Renewable plants to wean Australia state off fossil fuels

Bloomberg Australia’s most populous state plans to fast-track its transition away from fossil fuels by encouraging investment in renewable-energy clusters. New South Wales put out a call for $12.7 billion ($8.8 billion) in investment to build solar and wind generation. It’s the second of three planned renewable energy zones to get the green light as the state seeks to move ...

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Copper producers add to mine disruption fear

Bloomberg The world’s two largest copper producers are giving metal markets even more reason to fear supply disruptions that have helped send prices to the highest in a year. Peru, the second-largest copper miner, is taking longer than expected to ramp up mines after a two-month lockdown as workers fall ill, a top official said. At the same time, workers ...

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Neeleman bucks airline slump with startup plan

Bloomberg Breeze Aviation Group Inc, a startup airline planned by JetBlue founder David Neeleman, is seeking to buy a defunct carrier’s operating certificate with an aim toward starting service in October. Breeze plans to start charter flights October 15, according to a regulatory filing. If regulators approve, Breeze plans to begin scheduled service next May. It will base charter operations ...

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Covid-19: Muji USA files for Chapter 11

Bloomberg The US entity of Japanese retailer Muji, known for its minimalist home goods, filed for bankruptcy, adding to a growing list of industry companies reeling from the Covid-19 pandemic. Muji USA Ltd which is operated by Ryohin Keikaku Co, filed for Chapter 11 in Delaware, according to a filing. It listed assets and liabilities in the range of $50 ...

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Fake pilot scandal prompts US to block Pakistan’s PIA

Bloomberg Pakistan’s national airline has been barred from flying to the US as a result of a scandal in which almost one-third of the nation’s pilots were found to have faked certifications. The US Transportation Department notified Pakistan International Airlines Corp.’s lawyers in Washington that its authorisation to operate to U.S. destinations was being immediately suspended. The department released a ...

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JetBlue spurns Long Beach to grow at LAX in West Coast shift

Bloomberg JetBlue Airways Corp will make Los Angeles International its primary base in Southern California, abandoning Long Beach Airport after years of tension. Daily flights will double to 70 by 2025 as part of a five-year expansion plan at Los Angeles International, or LAX, the airline said in a statement. The carrier will add domestic and international flights as it ...

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‘Operator was trigger for Ukraine crash’

Bloomberg An Iranian air defense unit that “forgot” to adjust its radar system triggered a chain of communication and human errors that led to the deadly downing of a Ukrainian passenger jet in January, according to a report from Iran’s Civil Aviation Organization (CAO). Iran said it mistakenly shot down Ukraine International Airlines Flight 752 shortly after take-off, killing all ...

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India central bank chief foresees more pain for embattled banks

Bloomberg Indian banks, which are already struggling with one of the world’s worst loan ratios, are set to face more pain as the coronavirus pandemic slams growth, the central bank’s chief warned, urging lenders to gird up their defenses. “The economic impact of the pandemic, due to the lockdown and the anticipated post-lockdown compression in economic growth, may result in ...

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