October, 2022

• 5 October

  Wizz Air Abu Dhabi launches its first flight to Maldives

  

    Abu Dhabi / Gulf Time Wizz Air Abu Dhabi, the ultra-low-fare national airline of the UAE, announced the launch of its first flight to Male in the dreamy islands of the Maldives on the October 4. The route will be operated four times per week in October, every Tuesday, Thursday, Saturday and Sunday, increasing to six times per week ...

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• 5 October

  EU nations to tap CO2 permits in shift from Russian energy

  

  Bloomberg European Union member states backed a compromise to use permits from the bloc’s carbon market to help finance a shift away from Russian fossil fuels. Finance ministers gathering in Luxembourg approved a compromise plan drawn up by the Czech government, which holds the EU’s rotating presidency, to free up 20 billion euros ($19.8 billion) of carbon allowances. About 75% ...

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• 5 October

  Putin is pushing Serbia and Bosnia to support his war

  

  Even as Russian President Vladimir Putin prosecutes his vicious and failing war in Ukraine, he continues to cast his ambitions further afield. Russia is trying to undermine democracies throughout Europe, funneling funds and support to far-right groups and propaganda operations. Putin has found particularly fertile ground in the Balkans, pushing his view that the North Atlantic Treaty Organization is intent ...

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• 5 October

  What is solar energy’s new superpower?

  

    In rural America, the shoulder-high corn is increasingly competing with a new cash crop: solar power. Acres of solar panels shine brightly in fields along interstates and rural byways, signaling a change in how America’s farming country generates income. The need for a happy marriage between these old and new industries has inspired a burst of innovation and a ...

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• 5 October

  Has Europe failed its first winter energy savings test

    If Europe was a school student, last week it sat its first exam in Energy Savings 101. It failed. And that doesn’t bode well for much tougher tests to come in January. Despite strong imports of liquefied natural gas to replace Russian shipments, Europe needs to reduce gas consumption — by a lot — if it’s going to make ...

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• 5 October

  Truss U-turn is welcome, but it’s only a first step

    After days of insisting there’d be no backtracking on a mini-budget that sank the pound and caused panic in financial markets, the UK government has duly reversed itself. Prime Minister Liz Truss and Finance Minister Kwasi Kwarteng confirmed on Monday that the promised cut in the top rate of income tax from 45% to 40% would be canceled. “We ...

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• 5 October

  Retailers get tough on vendors with fines for late deliveries

  

    Bloomberg Large retailers grappling with supply-chain snarls, inflation and increased automation are cracking down on orders from their vendors. Stores such as Walmart Inc. and Target Corp. have long fined suppliers that fail to deliver products on time, in the right amount or with the correct specifications. But after the pandemic allowed for some leeway, US retailers are now ...

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• 5 October

  Royal Jordanian to introduce 20 Airbus A320neos into fleet

  

    Bloomberg Royal Jordanian Airlines has reached an agreement with Airbus to introduce 20 new factory-built A320neo family aircraft to its fleet, replacing the 13 A320ceo currently in service, the airline’s CEO Samer Majali said in an emailed statement. The move is part of the airline’s plan to increase its total fleet size from 24 to over 40 aircraft in ...

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• 5 October

  Hong Kong Airlines seeks to restructure $6.2bn of debt

  

    Bloomberg A Hong Kong-based airline backed by the failed Chinese conglomerate HNA Group Co. Ltd. aims to restructure HK$49 billion ($6.2 billion) of debt through UK and Hong Kong courts to stave off insolvency. Hong Kong Airlines is seeking court approval to convene meetings of its creditors and put forward its restructuring proposal, which would include a significant haircut ...

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• 5 October

  Amazon boasts 25% rise in UK marketplace sellers

    Bloomberg The number of small and medium-sized British businesses selling over Amazon.com Inc.’s marketplace soared by more than 25% in 2021, faster than in Germany, France or Italy. Some 85,000 smaller UK enterprises now sell on Amazon, responsible for more than 950 million product sales — or 1,750 per minute, the Seattle-based tech giant said in a statement. More ...

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