DUBAI / WAM Emirates Post announced the resumption of all mail, packets and parcel services to Pakistan, one of its most key markets in South Asia, which accounted for nearly 80 tonnes of postal material in 2019. Effective immediately, all postal services – Economy Mail, Standard Mail, Registered Mail, Standard Packets, Standard Parcels and Express Parcels – will be available ...

Bloomberg A bipartisan group of senators is planning to introduce legislation that would expand US sanctions against Gazprom PJSC’s Nord Stream 2 pipeline between Russia and Germany by taking aim at insurance companies that work with Russian vessels on completion of the project. Senator Ted Cruz, one of the lead sponsors of the legislation, said the pipeline poses “a critical ...

Bloomberg French oil company Total SA has bought a 51% stake from utility SSE Plc in the development of a massive wind farm off the coast of Scotland. The 70-million-pound investment ($88 million) in the Seagreen 1 wind farm will be Total’s first significant foray into offshore wind as it seeks to expand its green energy business. SSE could also ...

Bloomberg A Nigerian court suspended the government’s cancellation of eight oil concessions, hampering the state’s ability to include the withdrawn permits in a bidding round opened this week. A judge at the Federal High Court in Lagos granted an injunction, preventing the government from re-awarding the eight permits before a lawsuit challenging the legality of the terminations is resolved. Ten ...

Bloomberg Three years after Elon Musk took up a challenge to solve Australian power outages by building the world’s biggest battery, a Siemens AG venture wants to install even larger ones to bolster renewable investment in the nation. Fluence, a partnership between Germany’s Siemens and Arlington, Virginia-based AES Corp, is proposing to build two giant lithium-ion batteries at strategic points ...

Bloomberg China completed construction of a $3.17 billion ultra-high voltage (UHV) electricity line that for the first time will transport only clean energy. It’s the first UHV line in the world built to transmit only carbon-free electricity, its developer, State Grid Corp of China, said. It will allow more renewables to be developed in Qinghai and Gansu provinces and deliver ...

Military leaders don’t like using troops for domestic purposes. It violates every rule they’re taught. You could see that wariness in the face of Gen Mark A Milley, the chairman of the joint chiefs of staff, after President Trump told governors that he’d just put Milley “in charge” of cracking down on protestors. Following Trump’s exhortation to the governors to ...

Europe’s airlines aren’t all made equal. German flag carrier Deutsche Lufthansa AG will receive a 9 billion-euro ($10 billion) bailout and it was obliged to offer only limited concessions to Brussels in return. Meanwhile, low-cost Hungarian rival Wizz Air Holdings Plc has benefited from only limited state support. Goliath gets the goodies, and David the gruel. But anyone paying attention ...

The mighty US Dollar is having a wobble, falling to its lowest level on a trade-weighted basis since March. It’s a sign that the economic effects of the crisis are waning around the world. Perhaps it’s time for the US to rein in the unlimited economic stimulus, or at least keep some in reserve to fight specific fires rather than ...

One of the biggest ironies of the Brexit crusade against “suffocating” red tape from the European Union was that the UK was at the forefront of some of the bloc’s most onerous financial regulation after the 2008 crisis. That included a crackdown on opaquely-funded investment research — rolled out across the EU in 2018 as part of the MiFID II ...