July, 2023

• 2 July

  Tories take aim at EU-era water law

  

  BLOOMBERG Rishi Sunak is considering scrapping an environmental law dating back to UK membership of the European Union (EU), as his government faces pressure to build more houses while fending off a voter backlash on pollution. The prime minister’s team is looking at using his flagship regeneration bill to override a 2018 ruling that effectively bans housebuilding in areas where …

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• 2 July

  China is buying gas like there’s still an energy crisis

  

  BLOOMBERG China is on a natural gas shopping spree, and officials are happy for importers to keep striking deals even after a global energy crisis has eased. The government continues to back efforts by state-owned buyers to sign long-term contracts and even invest in export facilities, in order to bolster energy security through the middle of the century, according to …

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• 2 July

  European natural gas ends June with 30% rise

  

  BLOOMBERG European natural gas logged its biggest monthly gain since last summer, near the height of the region’s energy crisis, following the most volatile stretch for trading this year. Benchmark futures ended in June more than 30% higher, after prices spiked almost 8%. It’s the first monthly increase since March and the largest jump since last July. The past few …

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• 2 July

  US flight delays, cancellations are getting worse ahead of July 4th travel

  

  BLOOMBERG US airlines continued to grapple with flight disruptions heading into the busy weekend ahead of Independence Day, keeping the industry on edge even as the recent volatility driven by bad weather and air-traffic control limits showed signs of subsiding. United Airlines Holdings cancelled 8% of its flights as of mid-afternoon on June 30 and delayed 21%, according to data …

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• 2 July

  Nike shows sales strength; profit falls short of estimates

  

  BLOOMBERG Nike Inc fell the most in the Dow Jones Industrial Average after the athletic-gear maker’s outlook for the full year failed to win over Wall Street. Full-year revenue for fiscal 2024 should grow in the mid-single digits, led by its direct-to-consumer business, Chief Financial Officer Matthew Friend told analysts during a conference call. Analysts project growth of close to …

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• 2 July

  United may slash Newark flights as it seeks more gates to stem delays

  

  BLOOMBERG United Airlines Holdings Inc will have to change, and possibly reduce, its flight schedule at Newark Liberty International Airport while work is under way to expand the number of gates for the carrier, Chief Executive Officer Scott Kirby said in a letter to employees. The letter follows days of extensive flight disruptions as airlines across the US dealt with …

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• 2 July

  Singapore Airlines drops most in one year

  

  BLOOMBERG Singapore Airlines Ltd slumped the most in more than a year after a block of shares amounting to nearly 3% of the float traded on June 30. Singapore state-owned investment firm Temasek Holdings Pte had earlier offered to sell the same number of shares, according to terms of the deal seen by Bloomberg. The carrier closed down 4.7% at …

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• 2 July

  JetBlue joins United in shifting blame to FAA for flight delays

  

  BLOOMBERG JetBlue Airways Corp is raising questions about US air traffic control actions, joining United Airlines Holdings Inc in blaming federal regulators for worsening congestion on a heavy travel week ahead of the Independence Day holiday. Government officials dismissed the carriers’ complaints as baseless, saying weather has led to elevated flight cancellations and delays that left thousands of customers stranded …

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June, 2023

• 26 June

  AUS introduces new Master of Arts in International Studies

  

  SHARJAH / WAM American University of Sharjah (AUS) has announced a new Master of Arts in International Studies now being offered through the university’s College of Arts and Sciences (CAS). Scheduled to commence in the upcoming fall semester, the newly launched programme aims to equip students with the necessary skills and knowledge for a successful career in international affairs. Graduates …

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• 26 June

  ADCDA-Rabdan Academy pact to boost crisis management

  

  ABU DHABI / WAM Abu Dhabi Civil Defence  Authority (ADCDA) and Rabdan Academy have signed an agreement to strengthen their collaboration in enhancing the overall security, safety, and management of emergencies, crises, and disasters in Abu Dhabi. The initiative aims to foster joint programmes and research endeavours to enhance the training of national experts in emergency, crisis and disaster management. …

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