ABU DHABI / WAM The UAE’s Golden Jubilee Committee and Federal Youth Authority on Sunday launched the ‘Early Dreamers’, an initiative that invites all citizens and residents of the UAE to share stories of the individuals who have helped – and continue to help – shape the nation over the years. The initiative is being rolled out in phases, starting ...
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Dubai Chamber members see rebound in Latin America-bound exports in Q1
Dubai / WAM The value of Dubai Chamber members’ exports and re-exports to Latin America surged 69 percent to reach a record $60.5 million in the first quarter of 2021, a trend supported by increased activity among companies in Dubai that are already trading with the region. New data released by the Dubai Chamber of Commerce and Industry indicated that ...
Read More »Xi, Biden climate targets need to be realistic!
What will come of the array of ambitious (and not-so-ambitious) targets announced by world leaders at President Joe Biden’s climate summit? It’s tempting to think, “Not enough.†Talk is cheap; actions are expensive. About a third of all the greenhouse emissions from human activities in history have happened since 1997, when world leaders adopted the Kyoto Protocol with an ambition ...
Read More »Is outdoor dining a relic of the past?
It may surprise readers in the northeast to know that Chick-fil-A — the fast food icon of the Bible Belt whose stores are closed on Sundays, with no exceptions — has yet to reopen its dining rooms despite the relatively lax attitude Southern states have towards the pandemic. The lack of dine-in service didn’t stop the company from having its ...
Read More »Why Republicans are turning down the jabs
As if we didn’t experience enough Covid shaming in 2020, pundits are now advocating the shaming of vaccine-hesitant people — especially the roughly 40% of Republicans who say they’re in no rush to get the jab. Political outrage has clouded scientific reasoning here. The data show some Republicans are indeed turning down the shots — though the extent of the ...
Read More »India’s Covid-19 crisis threatens oil recovery
India, the world’s third-largest oil consumer behind the US and China, was meant to be a major driver of oil’s demand recovery as economies reopened. But the country’s devastating health crisis has made that impossible. Everyone from oil traders to the world’s biggest producers are panicking. Indian Prime Minister Narendra Modi is facing mounting criticism over a surge in coronavirus ...
Read More »Southwest says it’s ‘hopeful’ cash burn will stop in June
Bloomberg Southwest Airlines Co expects to stop burning cash by June and is adding summer flights almost to 2019 levels as increasing vaccination rates spur trips by vacation-hungry Americans. For the second quarter as a whole, average core cash burn will fall to a range of $2 million to $4 million a day, down from $13 million in the first ...
Read More »Virgin Atlantic aims to get all of its jets flying by fall
Bloomberg Virgin Atlantic Airways Ltd is aiming to get all of its planes flying by October or November amid continuing uncertainty over how far Covid-19 border curbs will be eased before the end of the summer. The carrier controlled by billionaire entrepreneur Richard Branson is working towards the return to full capacity while awaiting details of UK plans to begin ...
Read More »Louis Vuitton, Cartier, Prada push blockchain to ensure authenticity
Bloomberg LVMH, Richemont’s Cartier and Prada SpA are joining forces to offer a blockchain solution to their customers seeking an extra seal of authenticity for the goods they’re buying. The alliance of the world’s largest luxury-goods makers plans to make a blockchain-enabled solution available to all luxury brands to provide shoppers with assurance what they’re buying is authentic, the companies ...
Read More »US Port Authority passes Delta terminal plan at JFK
Bloomberg The Port Authority of New York & New Jersey approved a scaled-down plan to redevelop Terminal 4 at John F Kennedy International Airport — where Delta Air Lines Inc is the anchor tenant — after the Covid-19 pandemic put a $3.8 billion expansion on hold. The bi-state agency authorised a $1.5 billion first phase with the potential for expansion ...
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