ABU DHABI / WAM Etihad Airways is gradually resuming services to more destinations across its global network. This follows the easing of travel restrictions by UAE regulatory authorities on outbound and inbound travel for citizens and residents. All travel remains subject to the entry and health regulations set by the UAE authorities, and those at the end destination. Throughout July ...

Bloomberg Eni SpA became the latest oil company to cut its long-term price assumptions, saying the coronavirus pandemic would have a lasting impact on the industry. Eni now sees benchmark Brent crude at $60 a barrel in 2023 real terms, down from a previous estimate of $70, the company said. Rivals Royal Dutch Shell and BP ve also cut price ...

Bloomberg India will stop power equipment imports from China, power minister Raj Kumar Singh said, amid simmering border tensions between the two neighbours. The South Asian nation has the capability to manufacture all kinds of electricity equipment, Singh said at a meeting with energy officials of states, encouraging them to promote local procurement. China accounted for $2.8 billion of the ...

The European Union’s political leaders will meet next week to negotiate the details of their joint fiscal response to the Covid-19 crisis. The Netherlands has emerged as the main villain opposing the plan, as Prime Minister Mark Rutte demands that countries should implement economic reforms in exchange for any financial help. Rutte is being too rigid, but supporters of the ...

Samsung Electronics Co’s second-quarter earnings seem like good news. But it’s really not as simple as that. Revenue beat estimates by around 3.6% while operating profit topped even the highest of sell-side analyst estimates by 6.3%, the South Korean giant reported on Tuesday. Right off the bat, those numbers carry a caveat: The company posted a one-time gain related to ...

Online schooling has failed. American schools need to reopen in the fall. It has now become obvious that the steady diet of online instruction put in place for the coronavirus pandemic not only has hurt kids academically and increased absenteeism, but has contributed to anxiety and depression and probably even aggravated health problems such as obesity. “All policy considerations for ...

Investors with more than $4.5 trillion in assets want Brazilian President Jair Bolsonaro to stop loosening environmental rules and do more to control escalating deforestation in the Amazon and beyond. This may be their moment. Upcoming virtual discussions are well-timed: Faced with a pandemic-shattered economy and record outflows, the populist government that has brushed off foreign donors as interfering busybodies ...

Bloomberg In Indonesia, locals can soon fly from Jakarta to the beaches of Bali for a domestic vacation. Tokyo residents can escape the pandemic stress with a hike in the mountains, and New Yorkers can head to the Hamptons on Long Island. Residents of Singapore, a city-state smaller than New York City, have few such options, presenting a massive problem ...

Bloomberg Traveloka, Southeast Asia’s biggest online travel startup, is close to raising fresh funds at a private-market valuation of about $2.75 billion — roughly 17% less than its most recent fundraising, according to people familiar with the matter. The Jakarta-based firm is in advanced negotiations with new strategic investors such as Siam Commercial Bank Pcl and Richard Li’s FWD Group ...

Bloomberg Taiwan’s exports fell for a fourth straight month in June as officials warned global demand may struggle to recover in the face of a resurgent worldwide coronavirus outbreak and continuing trade tensions between the US and China. Overseas shipments from Taiwan fell 3.8% last month, according to a statement from Taiwan’s Ministry of Finance. That compares to the median ...