December, 2021

• 14 December

  Wizz Air Abu Dhabi to start flights to Krasnodar, Russia

  

    Abu Dhabi / WAM Wizz Air Abu Dhabi has announced the addition of Krasnodar in Russia to the list of its destinations. The announcement follows the recent addition of Moscow to the airline’s flight network making Krasnodar the second Russian destination available with Wizz Air Abu Dhabi. Wizz Air Abu Dhabi will start operating its flight to Krasnodar from ...

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• 14 December

  ‘UAE a reliable partner for sustainable development’

  

    Dubai / WAM Vahan Kerobyan, Armenia’s Minister of Economy and Commissioner-General of the Armenia Pavilion at Expo 2020 Dubai, said that the UAE has become a reliable partner for sustainable development, innovation, and the realisation of opportunities regionally and internationally, thanks to its governance system, efforts to reduce oil dependence, and rapid economic diversification. “We are full of hope ...

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• 13 December

  Chinese solar companies make bid to dominate hydrogen power

  

    Bloomberg Chinese companies spent 10 years aggressively maneuvering to become the dominant players in solar power. Now they’re seeking to lead the way in developing the next big thing in clean energy: hydrogen. Top solar manufacturers including Longi Green Energy Technology Co are ramping up the production of electrolyzers, the equipment needed to make green hydrogen, the cleanest form ...

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• 13 December

  Ofgem invites bids for ‘subsea power’ cables to Europe

  

    Bloomberg The UK’s energy regulator is inviting bids to build more high-voltage cables to connect the country’s electricity grid to the European continent. Ofgem is launching a new round of investment bids to build the sub-sea cables, according to a statement. The regulator says the plans will help boost national energy security and electrification plans which could help the ...

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• 13 December

  The fight for democracy needs some hypocrisy

  

    It doesn’t take a genius to see that a subtext of President Joe Biden’s “Summit for Democracy” last week was an effort to raise the ideological stakes in the competition between the US and China. And only a fool would believe that the strategy will work without a healthy dose of diplomatic hypocrisy. The notion of an “alliance of ...

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• 13 December

  Will it be a blue omicron Christmas?

  

  It’d be an understatement to say that UK Prime Minister Boris Johnson needs the public’s support right now, as a worrying new Covid variant spreads across the land. It’d also be an understatement to say that he and his fellow Conservatives are doing a bad job at rallying that support. To sum up Partygate: There were accusations of a Christmas ...

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• 13 December

  Cash is dying, but we aren’t ready to bury it

    The demise of cash is near. As consumers, though, we should hope that the end doesn’t arrive too soon. It isn’t the pandemic that’s putting this popular means of payment out of existence. All that Covid-19 has done is to accelerate a trend that was already with us. When Steve Jobs unveiled the first iPhone in 2007, he began ...

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• 13 December

  Fed needs to go beyond doubling its taper rate

    After the hot inflation numbers out of the US, it would be inadvisable and unfortunate if the Federal Reserve were to resist at its policy meeting this week what have become broad-based calls for it to double the rate at which it is tapering its monthly bond purchases. In fact, the Fed should go well beyond that. Sadly, the ...

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• 13 December

  Southwest Airlines skeptics are ‘missing the point,’ says CEO

  

    Bloomberg Southwest Airlines Co executives are pushing back against a rising chorus of analysts who say the company’s days as the airline industry’s disruptive force are over, reined in by higher wages and tougher operational challenges. The carrier known for its no-frills aesthetic and competitive prices is under pressure because its model is being put to the test, 50 ...

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• 13 December

  Asia’s richest man looking to buy bankrupt textile company Sintex in India

  

    Bloomberg Mukesh Ambani’s Reliance Industries Ltd, along with a partner, are among those bidding to take over bankrupt Indian textile firm Sintex Industries Ltd, according to a stock-exchange filing, as the billionaire attempts to diversify from an oil empire and into telecommunications, green energy and fashion. Reliance is partnering with Assets Care & Reconstruction Enterprise Ltd to bid for ...

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