May, 2022

• 13 May

  Amanat revenue grows 12% to AED46.9m in Q1

  

    Dubai / WAM Amanat Holdings has announced its financial results for the quarter ended March 31. The company recorded a total income of AED46.9 million in 1Q-2022, a growth of 12% versus the AED42.0 million recorded in 1Q-2021. On an adjusted basis, excluding the prior year result from divested entities, the company recorded a total income of AED46.9 million, ...

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• 13 May

  Europe gas surges as Germany clashes with Russia over supply

  

    Bloomberg European natural gas prices jumped following disruptions to a key transit route through Ukraine, and as Germany said Russia was using energy as a weapon in an escalating clash over supply. The benchmark contract surged more than 22%, with shipments from Russia via Ukraine set to fall by about 30% following interruptions at a cross-border entry point as ...

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• 13 May

  Shell plans 10-fold jump in EV chargers in Britain

  

  Bloomberg Shell Plc targets a 10-fold jump in electric-vehicle charging points in the UK as part of plans to ramp up investments into cleaner energy. The company will install 100,000 chargers in the country by 2030, according to a statement. It’s the latest move by an oil and gas major to refocus its traditional business as investors, governments and consumers ...

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• 13 May

  Chinese utilities race to restock coal ahead of demand rebound

    Bloomberg China’s industrialised southern provinces are racing to restock coal in case demand recovers later this month or supplies are disrupted by the heavy rains sweeping the region. The economic powerhouse of Guangdong has asked its utilities to add another 5% to inventories this month, according to local media, while neighbouring Guizhou has set aside more money for coal ...

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• 13 May

  Pfizer’s Biohaven deal may open era of ‘pharma M&A’

  

  With biotech stocks in the dumps, investors have been hoping for deals to revive the sector, but lately merger-and-acquisition activity has been anemic. Finally, Pfizer announced it will buy Biohaven Pharmaceutical Holding Company Ltd, a nine-year-old company that makes treatments for migraines, for $11.6 billion. The deal, which gives Pfizer an oral drug already on the market and a nasal ...

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• 13 May

  Too much AI may not be good for NHS

  

    Without much fanfare, some of the biggest names in tech have been pulling back on once-enthusiastic efforts to disrupt healthcare. Within the past nine months, Alphabet Inc has dismantled its healthcare division Google Health while IBM sold its Watson Health data and analytics business to a private equity firm, having struggled to turn a profit. It turns out healthcare ...

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• 13 May

  After pain at the pump comes electric shock

    Americans are reminded about high gasoline prices daily, every time they drive. Another energy cost comes to their attention monthly: utility bills. These are now also rising, creating an added problem for households, for the president — and, as it happens, for utilities. Governor Ron DeSantis of Florida recently threw a curveball when he vetoed utility-friendly solar power legislation. ...

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• 13 May

  Berlin is rising above history to support Kyiv

    Compared with the vocal and lavish support Ukraine has received from the US and the UK, that of Germany seems lukewarm, almost reluctant, especially to Ukrainians themselves. The moderation may be morally questionable, but it makes historical and political sense. Both Chancellor Olaf Scholz and the country he leads are already way out of their comfort zone. Yet notwithstanding ...

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• 13 May

  Gol, Avianca to join forces in race for cheaper air travel

  

  Bloomberg Colombia’s Avianca Group International Ltd and Brazil’s Gol Linhas Aereas Inteligentes SA will unite under a common ownership structure, creating what they say will be one of the largest airline groups in Latin America. The airlines’ principal shareholders agreed to form Abra Group Ltd, a closely held company incorporated in the UK, the carriers said. While the airlines will ...

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• 13 May

  EU eases mask guidance for flights as rules eased

  

  Bloomberg The European Union is relaxing its guidance for mask wearing on flights starting next week even as many airlines have already abandoned those rules with Covid-19 concerns easing. Wearing face masks at airports and inflight should be aligned with national measures, the European Union Aviation Safety Agency said in a protocol. If either the departure or destination states require ...

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