ABU DHABI / WAM Etihad Airways has announced the expansion of its partnership with AccesRail, the world’s leading provider of air-rail intermodal solutions. The partnership allows Etihad to use AccesRail’s expertise to enable its customers to book train and coach tickets in Europe in conjunction with their air fare using airline’s online booking platform, or via their travel agency, the ...

HANNOVER / WAM Global foreign direct investment (FDI) in developing countries in Africa, Asia, and Latin America is projected to plunge by 25 percent to 50 percent in 2020 due to the coronavirus (Covid-19) pandemic, according to the experts. “This will threaten the world’s ability to achieve the 2030 Agenda for Sustainable Development,” leading experts from United Nations Industrial Development ...

Bloomberg Tongwei Co halted output at a polysilicon factory in southwest China because of flooding, the latest blow to the solar supply chain that has seen rare cost increases this summer due to disruptions. Tongwei, the world’s No. 3 polysilicon producer last year, said it isn’t clear when the Sichuan province plant will restart, and didn’t say whether it sustained ...

It’s hard to think of anything more ominous than Russian President Vladimir Putin offering you his “assistance” so you can “resolve the problems” that are keeping you busy. But that’s what Putin has just promised to Alexander Lukashenko, the embattled and apparently fading dictator of Belarus. As the post-Soviet state, wedged awkwardly between the European Union and Nato on one ...

After the euro-zone crisis, Spain emerged as a sort of model for how the monetary union’s more fragile nations might prosper. The economy expanded steadily as tight labour laws were loosened, and investors flocked to Madrid, pushing its government bond yields well below Italy’s. Subsequently, Spain strengthened its political clout in the European Union, challenging Italy’s position as the third-most ...

A new US edict limiting Huawei Technologies Co’s access to technology is more than just an incremental measure against the Chinese telecommunications giant. It threatens to kill the company, which invites retaliation from Beijing. In May, the administration of President Donald Trump mandated that manufacturers globally couldn’t use American technology to produce chips designed by Huawei. At first, that also ...

When the UK government announced the cancellation of exams to prevent the spread of the coronavirus, there was a collective intake of breath from parents and a giant exhalation from students. These yearly trials usually dominate the beginning of summer for British families with school-age children, who are tested to within an inch of their lives. A-levels — taken at ...

Bloomberg North Korean leader Kim Jong-un is convening a key ruling party body on Wednesday for the first time in eight months to address a “crucial” mystery issue. He’s got plenty of tricky situations to choose from. The state’s official Korean Central News Agency offered few clues about the gathering of the Central Committee, saying it will “discuss and decide ...

Bloomberg Democrats kicked off their convention with a show of unity and a rallying cry fuelled more by animosity towards Donald Trump than affirmations for their own nominee Joe Biden — enlisting progressives, centrists and even Republicans to paper over differences and oust the incumbent. The debut night, held virtually, put on display the Biden campaign’s desire to make the ...

Bloomberg China’s central bank supplied liquidity to commercial lenders to help them manage upcoming government bond sales, while leaving the price of the money unchanged as the economy recovers. The People’s Bank of China (PBOC) added 700 billion yuan ($101 billion) of one-year funding via the medium-term lending facility. The central bank said that the operation is meant to offset ...