Sharjah / WAM The fifth edition of the Sharjah Entrepreneurship Festival (SEF), one of the largest events for entrepreneurs in the region, organised by the Sharjah Entrepreneurship Centre (Sheraa), kicks off on Monday, at Expo Centre Sharjah under the slogan #WhereStarsCollide. With the participation of 55 speakers, including influential regional and global entrepreneurs, industry titans, and young creatives from social, ...
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Carbon hits new records after watchdog finds no market abuse
Bloomberg The cost of pollution in the European Union (EU) rose to new highs after a report by the bloc’s market watchdog dismissed concerns by some governments over abuse and the role of speculative investors in emissions trading. Benchmark carbon permits rose as much as 1% percent to a record 69.77 euros a ton on ICE Endex, extending gains to ...
Read More »Farmers’ fury trumps PM Modi’s strongman style
India’s Prime Minister Narendra Modi isn’t used to backing down. So his move to repeal three contentious laws that have drawn tens of thousands of farmers to protest at the borders of the capital for over a year is significant. It’s easily the most serious political setback of his seven years in power. Almost half of India’s 1.4 billion people ...
Read More »Can chronological feed fix Facebook?
There’s been a lot of discussion, since the Facebook Files were leaked, about how to repair the social media platform. A lot of this talk centres on how algorithms manipulate the feeds, and how we users are profiled and fed exactly the content that arouses us to fits of hatred, conspiracy theorising, and even domestic terrorism. This is true and ...
Read More »Masks at Thanksgiving? Here are better ideas!
Thanksgiving 2021 should be the reward for abstaining from 2020 celebrations until Covid-19 vaccines rolled out. Why not? The virus is still very much around, but times really have changed. Remember those 11th-hour pleas from the US Centers for Disease Control to cancel last year’s gatherings as a big fall surge was building? They were reasonable, then: Big holiday celebrations ...
Read More »Supply-chain crisis is already easing in US
The supply-chain crunch appears to have already peaked in the US. Over the past two years, just about anything that could go wrong with global supply chains has gone wrong, from volatile swings in demand, a wave of extreme weather events and even a container ship getting stuck in the Suez Canal. But evidence keeps piling up to suggest that ...
Read More »Boeing buyers’ ire builds as 787 issues pass 13-month mark
Bloomberg Frustration is mounting for customers waiting to take new Boeing Co 787 Dreamliners — planes caught in a regulatory and production quagmire that has halted all but a few deliveries since October 2020. The popular wide-body jets will be needed to carry travellers across oceans as borders sealed shut by the Covid-19 pandemic start to reopen. But airlines and ...
Read More »Virgin Atlantic in talks for $540m fundraising
Bloomberg Virgin Atlantic Airways Ltd is in discussions with its shareholders about a 400 million-pound ($540 million) capital injection, according to a person familiar with the matter. Added funding would bolster Virgin Atlantic’s balance sheet as it looks to cash-in on pent-up demand for air travel as restrictions lift, said the person, who requested not being identified because the information ...
Read More »Airbus seals second A350F sale with CMA CGM’s four-plane deal
Bloomberg Airbus SE secured the second order for its coming A350 freighter, reaching an outline agreement with French shipping firm CMA CGM Group covering four of the wide-body twinjets. The memorandum of understanding is expected to be finalised over coming weeks, according to a statement. It follows a separate deal for seven A350Fs reached with leasing giant Air Lease Corp ...
Read More »US airlines’ big debt may soon mean higher fares: Frontier CEO
Bloomberg Large US airlines are carrying about $20 more debt per passenger than before the pandemic, according to the chief executive officer of Frontier Group Holdings Inc., who predicts the carriers will start addressing those obligations with higher fares. “How long can that last?†asked Barry Biffle, CEO of ultra-low-cost Frontier Airlines. “They either have to raise their leisure fares ...
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