March, 2022

• 26 March

  Namibia marks National Day at Expo 2020 Dubai

  

    DUBAI / WAM Namibia celebrated its National Day at Expo 2020 with a visit from the country’s president, and a colourful and joyful cultural performance. Dr Gottfried Geingob, President of the Republic of Namibia, was welcomed by Sheikh Nahyan bin Mubarak Al Nahyan, Minister of Tolerance and Coexistence, and Commissioner General of Expo 2020 Dubai. President Gottfried Geingob, who ...

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• 26 March

  DMCC to install solar panel parking shades in JLT district

  

    DUBAI / WAM DMCC — the world’s flagship Free Zone and Government of Dubai Authority on commodities trade and enterprise, and Master Developer of the JLT District — has announced that it will install solar car shades across the majority of the Jumeirah Lakes Towers (JLT) district’s cluster car parking areas. Once the 6.3MW project is complete, JLT will ...

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• 26 March

  Ministry to develop national policy to combat health risks

  

    DUBAI / WAM Ministry of Health and Prevention (MoHAP) organised, in coordination with the World Health Organisation (WHO), a two-day workshop on strengthening national capabilities in emergency response and developing the national policy to combat health risks to reinforce the capacities of preparedness, prediction, and early warning. Discussions touched on health risks in emergencies nationwide and at the health ...

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• 26 March

  Germany to wean itself off Russian oil, gas in next 2 years

  

  Bloomberg Germany plans to stop almost all Russian oil imports this year and broadly wean itself off the country’s gas by mid-2024, a hugely ambitious plan that poses complex logistical hurdles for Europe’s biggest economy. As Economy and Climate Minister Robert Habeck unveiled the plan, he once again made clear that Germany will not back an immediate embargo on Russian ...

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• 26 March

  China’s electric car battery champion mostly welcome in US

  

    Bloomberg Contemporary Amperex Technology Co Ltd (CATL), the world’s biggest manufacturer of electric-vehicle batteries, is scouting sites for a new $5 billion battery plant in North America. It’s considering locations in Mexico, Canada, and the US for an 80 gigawatt-hour plant that would supply Tesla and other EV makers, according to people familiar with the project. The conventional wisdom ...

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• 26 March

  Chevron-led oil firm curbs oil output in Kazakhstan

    Bloomberg Chevron Corp’s oil production venture in Kazakhstan — which operates the country’s largest field — is curbing output due to issues at a supply link on the Black Sea. “Due to unscheduled repair works at the Caspian Pipeline Consortium’s marine terminal, Tengizchevroil is adjusting its production accordingly,” the company, also known as TCO, said. TCO declined to comment ...

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• 26 March

  Trying Russia’s Putin for war crimes is no fantasy

  

  If peace in Ukraine looks depressingly far away, accountability seems beyond another galaxy. What are the chances Vladimir Putin will appear in a courtroom to answer for the hell he’s unleashed in Ukraine? They seem vanishingly small. And yet, national leaders, politicians, global organisations and an army of individuals are working to build the war crimes case against Putin and ...

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• 26 March

  ESG means no more buying a coke!

  

  The day after the US lifted its trade embargo on Burma in 2012, I spoke to an executive at Coca-Cola Co. He proudly announced that his company already had people on a plane headed to the country. It is Coca-Cola’s policy, he explained, to sell its beverages anywhere it’s allowed to do so. Coke was sold in Russia during the ...

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• 26 March

  You say Fed is behind curve? Then prove it

    If you’re looking for a case-study in economic groupthink, try Googling the phrase “Fed behind the curve.” Informed opinion, it seems, has congealed behind a conventional wisdom that the US Federal Reserve has been too slow to restrain accelerating inflation. Such widespread confidence would seem to require unambiguous evidence. But where is it? At least one eminent economist thinks ...

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• 26 March

  Oil tax cuts help the Kremlin, punish Ukraine

    The oil market is desperately in need of demand destruction. Governments should either be encouraging behavioral changes such as using more public transportation or allowing expensive fuel to force consumers to change. Instead, industrialised countries are doing the opposite. Call it demand “construction.” From Germany to New Zealand, and from England to California, policymakers are either cutting taxes on ...

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