ABU DHABI / WAM As part of its social responsibility programmes and voluntary efforts, Abu Dhabi Agriculture and Food Safety Authority (Adafsa), represented by its social service program “Auwn”, participated in several charitable and humanitarian schemes performed Emirates Red Crescent (ERC) during the holy month of Ramadan. This participation comes as part of its initiative “from your homes lighting their ...
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Ma’an delivers over 3 million meals to workers in Abu Dhabi
ABU DHABI / Emirates Business The Authority of Social Contribution – Ma’an has announced its ‘Together We Share’ initiative has already delivered more than more than 3 million nutritious meals to workers across the Emirate of Abu Dhabi. Since deliveries started on 1 May, meals have been provided for tens of thousands of workers based in accommodation across 35 complexes ...
Read More »Abu Dhabi sees continued improvement in air quality
ABU DHABI / WAM The Environment Agency – Abu Dhabi (EAD) announced there has been a continued improvement of air quality in Abu Dhabi due to government efforts to control human and traffic movement in the capital, as part of the precautionary measures undertaken to combat Covid-19. The agency observed that air pollutants such as nitrogen dioxide (NO2) had decreased ...
Read More »Crazy dream of $45 oil may become reality in Argentina
Bloomberg West Texas Intermediate has been gaining since its history-making crash in the US last month, trading at around $25. Brent crude has been practically soaring, touching $30 in London. They can’t match the criollo barrel in Argentina, though — $45 guaranteed, no matter what. That dream price doesn’t actually exist, but it could soon. The administration of President Alberto ...
Read More »US drilling sinks to record low with oil in retreat
Bloomberg Oil and natural gas exploration plunged to an all-time low as the economic and industrial dislocations from the Covid-19 pandemic snuffed out the remnants of the American shale boom. Drilling in US oil and gas fields retreated by 34 rigs this week to 374, led by a precipitous drop in crude exploration that sank to levels not seen since ...
Read More »Italy leads power demand recovery
Bloomberg Italy’s electricity demand jumped as lockdown restrictions were loosened, signaling that an economic recovery may be on its way. While consumption rose in France and Britain and held steady in Germany and Spain from the previous week, it’s not clear how quickly demand will recover or if it’ll ever reach pre-crisis levels as the threat of a deep recession ...
Read More »Is Huawei a paper tiger?
As the United States’ confrontation with China escalates, the Trump administration may be making a classic American mistake: overestimating its adversary’s technological competence and ability to control events. The outbreak in Wuhan of the novel coronavirus shows how ragged and disorderly the Chinese police state was in the initial weeks of the pandemic. Beijing’s response was to suppress and manipulate ...
Read More »What will be the victim of ‘reopenings’?
Many states are racing to reopen their economies before measures such as testing, contact tracing and full-time mask-wearing are in place. But the one of biggest economic effect of a hasty end of lockdowns adopted to limit the spread of the coronavirus won’t be to save businesses; it will be to kick people off of desperately needed government assistance. While ...
Read More »Virgin-O2’s $39b deal isn’t all about people
If you listen to the protagonists, Europe’s biggest telecoms deal in a decade is all about the customers. The details of the merger of Virgin Media, the British cable unit of Liberty Global Plc, and O2, Telefonica SA’s UK mobile carrier, tell a different story. According to the companies, the 31.4 billion-pound ($39 billion) deal is aimed at creating a ...
Read More »The ‘phony war’ on coronavirus pandemic
Governments around the world say they’re engaged in a war against the coronavirus. Indian Prime Minister Narendra Modi invoked the legend of the Mahabharata, fought over 18 days, as he declared, with little warning, a devastating national lockdown. British PM Boris Johnson, who always seems to be mentally screening a film of Winston Churchill in World War II, said that ...
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