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Emirates expands list of passenger destinations

DUBAI / WAM Emirates has announced that it will be offering scheduled flights for passengers from seven additional cities in July. The flights include Khartoum (from July 3), Amman (from July 5), Osaka (from July 7), Narita (from July 8), Athens (from July 15), Larnaca (from July 15) and Rome (July 15), the Dubai-based airline said on Sunday. “This takes ...

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Dubai Customs resumes work at full capacity

Dubai / WAM Dubai Customs’ offices resumed work at 100 percent capacity with intensified precautionary measures to ensure safety from Covid-19. This follows the government directives of gradual return to offices which Dubai Customs started from June 14. The last two weeks saw the Government Department’s staff return gradually to their offices following a shift routine where half of the ...

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India bets oil demand to recover fast from virus lockdown shock

Bloomberg India, the third-biggest oil consumer, expects fuel demand to return to normal earlier than projections by the International Energy Agency and OPEC. “If you look at the trend of the past few weeks, I’m confident that by the end of second quarter, demand will be as usual,” India’s oil minister Dharmendra Pradhan said at the BloombergNEF Summit, referring to ...

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EDF faces $11m fine over project

Bloomberg Electricite de France (EDF) faces a possible $11 million fine after being accused by French regulators of providing false information on the Hinkley Point C nuclear project and lacking transparency concerning new circumstances that ramped up its cost. In October 2014, EDF announced it would build the UK’s first nuclear reactors since 1995 after reaching a deal with the ...

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Hundreds of Dutch farmers sign $561m wind-farm deal

Bloomberg A collective of more than 200 farmers in a rural part of the Netherlands got financing to build one of the largest onshore wind farms in the country. Windpark Zeewolde BV secured 500 million euros ($561 million) of debt from Rabobank to construct the 322-megawatt wind farm about 50 kilometres (31 miles) east of Amsterdam. The group plans to ...

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US puts pressure on Hitachi’s UK nuclear site sale to China

Bloomberg US President Donald Trump’s government has put pressure on Japan’s Hitachi Ltd not to sell a nuclear-power project in the UK to China, The Sunday Times reported, without saying where it got the information. Hitachi is weighing options for the Horizon nuclear project in Anglesey, according to the report. The company said in January 2019 that it would halt ...

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UK’s last big gas plants are being built

Bloomberg In the north of England about 450 engineers are toiling away to build a new large gas plant. It could be one of Britain’s last. SSE’s 840-megawatt Keadby plant is the latest gas plant under construction in the UK. At the start of June a gas turbine weighing as much as an Airbus A-380 arrived on-site from Germany, keeping ...

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America’s Covid-19 crisis bodes badly for the future

America’s botched response to the coronavirus pandemic is a warning that, unless our broken political and administrative systems are fixed, the country could experience a similar breakdown in future national crises, such as a massive cyberattack. This stark message was contained in a little-noticed white paper recently released by the bipartisan Cyberspace Solarium Commission, titled “Cybersecurity Lessons from the Pandemic.” ...

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Washington may be a state soon!

The House of Representatives is scheduled to vote on statehood for Washington, DC They’re doing this, as is clearly allowed by the Constitution, as simple legislation: The bill would shrink the constitutionally mandated federal district to include just the federal government buildings and monuments, while putting all the district’s residents into the 51st state. It’s a good idea. While it ...

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A ‘new tax idea’ is doing the rounds in Europe

There’s a new bad idea doing the rounds in Europe. Many governments are convinced that a reduction in value-added tax will help relaunch their economies. Some, including Germany, have already wielded the ax. Others, such as Italy and the UK, are taking this option seriously. But the benefits of cutting VAT are limited, and the costs are large. As with ...

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