March, 2022

• 24 March

  Empower builds AED193mn district cooling plant in Dubai

  

    DUBAI / WAM Emirates Central Cooling Systems Corporation (Empower) announced that it has awarded a contract worth AED 193 million to build a new generation district cooling plant, with the aim of providing the Dubai Land Residence Complex (DLRC) region with company’s environmentally-friendly district cooling services in line with international standards. The construction of the building has already begun ...

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• 24 March

  What happens in Russia if Putin can’t win in Ukraine?

  

  The world has been transfixed by Ukraine’s fight for survival. As the war drags on, we’d better start considering what will become of Russia, as well. President Vladimir Putin’s nation has now been subjected to an isolation more sudden and total than that experienced by any major power in recent history. What that leads to may not be pretty. Since ...

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• 24 March

  China jet crash risks setback for 737

  

  A Boeing Co jet carrying 132 people crashed in China after a rapid descent. The headlines had a sense of deja vu, but with one important distinction. The Boeing jet involved in the crash is part of the generation of jets that preceded the company’s infamous Max, which was grounded across the globe for nearly two years after a pair ...

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• 24 March

  Rising chaos makes case for just-in-case management

    The business world is in the process of adopting a revolutionary new philosophy — or perhaps having a new philosophy thrust upon it: just-in-case management. In the great age of globalisation that started in the 1980s and entered its triumphant phase in the 1990s and 2000s, the twin watchwords of business were speed and efficiency. Today speed and efficiency ...

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• 24 March

  Federal Reserve isn’t at mercy of yield curve

  Message received loud and clear. Federal Reserve Chair Jerome Powell had his foghorn out blaring that there is nothing, repeat nothing, to stop policymakers from yanking interest rates up in half-point steps. His hawkishness prompted the yield curve to flatten to levels not seen since 2016, setting off alarm bells about a potential inversion — where shorter-dated levels rise above ...

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• 24 March

  China jet’s dive took it near speed of sound before crash

  

    Bloomberg The China Eastern Airlines Corp jet that crashed was travelling at close to the speed of sound in the moments before it slammed into a hillside, according to a Bloomberg News review of flight-track data. Such an impact may complicate the task for investigators because it can obliterate evidence and damage a plane’s data and voice recorders that ...

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• 24 March

  Fashion designer Lanvin plans US listing via SPAC

  

    Bloomberg Lanvin Group, which owns the French fashion brand known for its red-carpet gowns, plans to float in New York via a blank-check company in a sign of confidence for the luxury industry. The transaction is set to give the company an enterprise value of $1.5 billion. Lanvin’s owners, which include Chinese investor Fosun, are hoping to raise $544 ...

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• 24 March

  Russia offers to buy out jetliner fleet from foreign leasing firms

  

    Bloomberg Russia offered to compensate owners of jets commandeered by the country, a bid to smooth relations with leasing companies that stand to lose billions of dollars on rented aircraft they can’t get back. Authorities in Moscow are seeking ways to legally get round sanctions requiring international firms to recall the planes, Transport Minister Vitaly Savelyev said. Options include ...

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• 24 March

  Malaysia, Singapore to work towards full travel resumption

  

    Bloomberg The health ministers of Malaysia and Singapore agreed to work on resuming travel completely between the two countries considering the pandemic situation has stabilized, Malaysian Health Minister Khairy Jamaluddin wrote on Twitter. The two ministers agreed they can immediately work on enabling full resumption of air and land travel for fully vaccinated people, Khairy said. He met with ...

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• 24 March

  Air New Zealand to fly directly to NYC

    Bloomberg Air New Zealand has announced plans to fly directly to New York — one of the longest routes in the world — as the country begins to rebuild a tourism industry that’s been decimated by the pandemic. The carrier said it will begin direct flights from Auckland to John F Kennedy Airport in September. At just over 16 ...

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