ABU DHABI / WAM The audience of Abu Dhabi International Hunting and Equestrian Exhibition (Adihex), particularly tens of thousands of falconers in the region, are attracted annually to visit and see the latest products and equipment that are up to date with the developments of the falconry world, where heritage blends with technology, which is harnessed to serve falconers. ...
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Russia’s sunken warship is a warning to all navies
The sinking of the Russian Black Sea flagship Moskva was the first destruction of a major warship in combat since the Falklands war 40 years ago, when both the UK and Argentina lost large surface ships in the cold waters of the South Atlantic. For the Russians, you would have to go back to World War II to find a ...
Read More »How about a supply chain closer home
Bringing manufacturing back to Europe — what’s called “reshoring†or “onshoring†— is a reasonable, if not vital, business strategy. Over the previous two decades, manufacturers shifted production of everything from cars to cosmetics primarily eastwards to China, in an attempt to cut labor costs and protect margins. The supply chain snarls brought on by geopolitics and Covid-19 are now ...
Read More »Recession predictions are piling up in a way
Wall Street’s focus seems to have changed in recent days from how fast and how high the Federal Reserve will raise interest rates to the timing of the next recession. The two are not mutually exclusive. The consensus is that the Fed is so far behind that curve when it comes to increasing rates that it will have no ...
Read More »Joe Biden’s gas exports create new headaches
The law of conservation of energy is ingrained in every high school science student: Energy can’t be created or destroyed, only transformed or transferred. The global natural gas market represents the political version of that primary tenet of thermodynamics. Europe’s demand for liquefied natural gas (LNG) to replace Russian imports has now been transferred to the US. Until now, ...
Read More »Delta retracts Covid ‘seasonal virus’ comment after criticism
Bloomberg Delta Air Lines Inc circled back to the public-relations runway after calling Covid-19 an “ordinary seasonal virus†as the airline announced the end of the mask mandate on flights. The airline used the phrase in a statement saying it was relieved when a court lifted the federal mask mandate on air travel, drawing criticism from Twitter users for ...
Read More »Auckland Airport sees passenger recovery
Bloomberg Auckland Airport has experienced a bounce in international visitor numbers, and is optimistic of further increases as New Zealand eases border restrictions, Chief Executive Officer Carrie Hurihanganui said. Foreign arrivals at the nation’s busiest airport plummeted when the border was shut in March 2020, but have started to recover following the removal of self-isolation requirements for residents returning home ...
Read More »L’Oreal’s sales jump as shoppers buy perfume, pricey skin creams
Bloomberg L’Oreal SA sales climbed as the cosmetics giant benefited from higher demand for its luxury products, weathering virus restrictions in China. The French company’s sales rose almost 14% on a like-for-like basis in the first quarter, beating analyst estimates. Three of the four main divisions grew by double-digit percentages. The stock advanced as much as 2.8% and traded ...
Read More »Major US airlines drop mask mandates on court ruling
Bloomberg Most major US airlines are no longer requiring travellers or employees to wear face coverings on domestic and some international flights. The decisions came hours after a US judge overturned a federal mandate for passengers to cover their faces. The US Transportation Security Administration said after the court ruling that it would stop requiring passengers on planes, trains ...
Read More »Hong Kong travel snags persist with flight bans
Bloomberg Hong Kong’s reopening to the rest of the world is being slowed by the government’s bans on airlines for carrying infected passengers, with 11 routes in total suspended, the most since a peak in January. Hong Kong suspends routes for seven days if three or more passengers on a flight are found to be infected with Covid-19 upon ...
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