March, 2021

• 7 March

  UAE sends more humanitarian aid to flood-hit people in Sudan

  

  KHARTOUM / WAM The Emirates Red Crescent (ERC) continues to provide additional humanitarian aid to those affected by floods which swept through a number of Sudanese states last year, as part of its efforts to address the repercussions of the disaster that is still affecting people in some areas. In this context, the ERC dispatched three new aid convoys to …

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• 7 March

  Coalition forces destroy two Houthi-fired drones

  RIYADH / WAM The Coalition Forces to Restore Legitimacy in Yemen on Saturday morning intercepted and destroyed two bomb-laden UAVs launched “systematically and deliberately” by the terrorist Houthi militia to target civilians and civilian objects in Khamis Mushait and Jazan. The Saudi Press Agency quoted Spokesperson Col. Turki Al Maliki as saying that these are the 7th and 8th bomb-laden …

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• 7 March

  US, EU to halt tariffs linked to Boeing-Airbus dispute

  

  Bloomberg The European Union (EU) and the US agreed to suspend tariffs on billions of dollars of each other’s products, easing a 17-year transatlantic dispute over illegal aid to the world’s biggest aircraft makers. President Joe Biden and European Commission President Ursula von der Leyen agreed to the move on a call, the commission said in a statement. “This suspension …

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• 7 March

  AirAsia targets launch of flying-taxi business

  

  Bloomberg Malaysian budget airline AirAsia Group Bhd. said it is seeking to launch a flying-taxi business as soon as next year. “We are working on that right now,” Tony Fernandes, the company’s chief executive officer and co-founder, said. “I think we are about a year and a half away from launching.” Fernandes was speaking in an online discussion as part …

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• 7 March

  Airline insiders sell $49.9mn worth of shares in three years

  

  Bloomberg Airline executives and directors sold $49.9 million of stock in February, the most in three years, as industry shares posted a record rally fuelled by a widening vaccination effort. The top individual sellers were at Allegiant Travel Co. and Southwest Airlines Co., two leisure-focused carriers that are among analyst picks to benefit from a rebound in vacation travel as …

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• 7 March

  United, British Air sound alarm on alliance data breach

  

  Bloomberg British Airways, United Airlines Holdings Inc. and Singapore Airlines Ltd. were among carriers affected by a cyberattack that hit the Star and Oneworld alliances, exposing some loyalty-program member information. Sita Passenger Service System Inc.’s processing services were hit by a “highly sophisticated but limited” breach that targeted personal data stored on servers at its data center in Atlanta, the …

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• 7 March

  Boeing CEO makes $21m on paper, pockets just $269,321

  Bloomberg Boeing Co. Chief Executive Officer Dave Calhoun got total compensation of $21 million last year, but his take-home pay was a small fraction of that as the planemaker slogged through a deep crisis caused by the coronavirus pandemic. When Covid-19 sent the aviation industry into the sharpest decline on record last March, Calhoun waived his salary for the rest …

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• 7 March

  Fix Price raises $1.7b in Russia’s largest IPO

  Bloomberg Fix Price’s initial public offering in London and Moscow raised $1.7 billion, on track to be the biggest listing from a Russian company in more than a decade, possibly prompting more share sales from local issuers. Russia’s largest dollar-store chain priced 178 million global depositary receipts, representing one ordinary share each, at the top end of an initial $8.75 …

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• 6 March

  UK house prices rise 0.7% in February

  Bloomberg UK house prices rose unexpectedly in February, continuing a surge fueled by a temporary tax relief on purchases and Covid-induced shifts in people’s lifestyles. Values increased 0.7% from January to an average of 231,068 pounds ($321,000), Nationwide Building Society said. They climbed 6.9% from a year ago, accelerating from the 6.4% pace registered a month earlier. Housing boomed last …

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• 6 March

  Swedish real estate hotter than ever as ‘hysteria’ hits

  

  Bloomberg Swedish house prices soared to the highest level ever recorded, as a growing number of people make use of unprecedented central bank stimulus to upgrade into bigger homes. “From a credit perspective, one can only conclude that the market has been gripped by hysteria, which is connected to central banks pumping money into the system,” said Carl Johan Lagercrantz, …

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