March, 2022

• 21 March

  Louvre Abu Dhabi set to explore journey of paper

  

    Abu Dhabi / WAM Louvre Abu Dhabi has announced its latest international exhibition, “Stories of Paper”, organised in partnership with Musée du Louvre and France Muséums, in collaboration with 16 French and international institutions and private collections. To run from April 20 to July 24, the exhibition explores the vast range of artistic expressions of paper, with the aim ...

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• 21 March

  EU may refrain from stepping into energy market as nations split

  

  Bloomberg European Union leaders may hold off on endorsing intervention in the bloc’s wholesale energy market as member states are divided on the most effective emergency options to curb soaring power and gas prices, exacerbated by Russia’s invasion of Ukraine. Instead, at a summit in Brussels, the EU heads of government may agree on immediate actions to replenish depleted natural ...

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• 21 March

  Italy to hit energy firms with 10% levy to fund support plan

  

  Bloomberg Italy will impose a windfall profit tax of 10% on some energy companies to finance a 4.4 billion-euro ($4.9 billion) package of measures to protect consumers and businesses from soaring prices. The levy will be calculated on the increase in profit that energy companies reported between October 2021 and March 2022, compared with the same period the previous year. ...

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• 21 March

  What Ukraine can learn from Finland’s stand

  

  In November 1939, soon after Hitler’s Germany invaded Poland, another massive European country likewise attacked a smaller neighbour: Russia invaded Finland. After vicious fighting through a long and bitter winter, the war ended with the Moscow Peace Treaty, in which Finnish concessions fell far short of what Stalin had hoped for in launching his invasion. Despite being heavily outgunned and ...

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• 21 March

  And PE finds another steal in Britain

  

    Private equity firms feasted on the cheap UK stock market for as long as they could in 2021. Eventually, investors bid up the share prices of much of their potential prey. But one target — educational publisher Pearson Plc — just kept falling. Now buyout firm Apollo Global Management Inc. is circling. Pearson investors must be desperate to sell, ...

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• 21 March

  Gender pay gap shows stock-option excess

    The gender pay gap among the top ranks of US firms ought to be narrowing. Corporations have long been under pressure to increase the number of women on their boards. And yet the measure has widened. This should sound an alarm over the persistent lack of women in leadership roles — but it also underscores how stock-based compensation is ...

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• 21 March

  Putin’s invasion challenges green aversion to N-power

    Ever since the 1970s, European Green parties have argued passionately for cutting carbon emissions from the continent’s energy, while at the same time reflexively shunning the world’s only reliable source of zero-carbon electricity: nuclear power. Russia’s Ukrainian invasion is punching big holes in the logic of this position. That is especially true in Germany and Belgium, countries where the ...

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• 21 March

  Mexico City’s newest airport set to open with few flights

  

    Bloomberg Mexico City’s newest airport, opening on March 21, is meant to relieve traffic at the mega-city’s main hub. The eight daily flights it will start with won’t achieve this — but that’s beside the point for President Andres Manuel Lopez Obrador. The Felipe Angeles airport, located about 50 kilometres (31 miles) north of Mexico City’s centre, is a ...

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• 21 March

  Judge dismisses Amazon antitrust lawsuit in DC

  

  Bloomberg A Superior Court judge dismissed Washington’s lawsuit accusing Amazon.com Inc of anticompetitive behaviour, saying there wasn’t evidence supporting the claim that the e-commerce giant inflated prices for consumers. Attorney General Karl Racine sued Amazon last year, alleging it encourages higher-than-necessary consumer prices through policies that guarantee the tech giant a minimum profit on each item sold, while discouraging the ...

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• 21 March

  US cites Abramovich’s jet in Russian export breach

  Bloomberg The Biden administration identified billionaire Roman Abramovich’s Gulfstream business jet among 100 for apparent violations of the nation’s export controls imposed over Russia’s invasion of Ukraine. The sanctions apply to commercial and private aircraft destined for Russia and Belarus in recent weeks, the Commerce Department’s Bureau of Industry and Security said in a statement. Other planes were listed as ...

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