November, 2021

• 29 November

  NYU Abu Dhabi welcomes 530 students in 12th class

  

  Abu Dhabi / WAM New York University Abu Dhabi (NYUAD) welcomed its 12th class of 530 students this fall, coming from 87 countries and six continents, and speaking more than 75 languages. With the Class of 2025, the undergraduate student population now stands at more than 1,800 from over 120 countries and all seven Emirates in the UAE. Students at ...

  Read More »
• 29 November

  Indian PM Modi’s reform momentum has hit a wall

  

  Investors must be wondering what promise New Delhi will break next as the ruling party tries to win upcoming state elections. First, the government made a U-turn on the three laws that Prime Minister Narendra Modi wanted to use to shake up the stagnant farm economy. Next, he may delay implementing the four codes that have been billed as the ...

  Read More »
• 29 November

  Omicron is new variant until immunity

  

  There’s a grim inevitability to the fact that the latest concerning strain of the Covid-19 virus — known as B.1.1.529, and now nicknamed the Omicron variant 1 — should have been first identified in South Africa. So far, Sars-CoV-2’s most devastating impacts have been in developed countries. The US, UK and European Union have accounted for about a third of ...

  Read More »
• 28 November

  Are neighbourhood fixtures disappearing?

  In the 2000s, the growing ubiquity of bank branches was one of America’s great retailing puzzles. Online banking was on the rise and the industry was consolidating, but branches kept popping up seemingly everywhere — if you define “everywhere” as the reasonably affluent parts of cities and suburbs. That ended with the financial crisis. The number of bank branches in ...

  Read More »
• 28 November

  Will the Franco-Italian bromance save Europe

  Emmanuel Macron and Mario Draghi signed a treaty at the Quirinale palace in Rome to get France and Italy working together better. That’s good news for Europe. It’s also tinder for populists. How their countries — both founding members of the European Union — pull off cooperation will determine how much nearer the continent’s dream of “ever closer union” gets ...

  Read More »
• 28 November

  Black Friday discounts fade in years over demand, inflation

  

  Bloomberg Black Friday deals ranked among the least generous in years as more US consumers headed back to stores on one of the busiest shopping days of the year. Retailers appear to have the “lowest level of clearance goods in five years or more,” Oliver Chen, an analyst at Cowen & Co, said in a report. According to Salesforce.com Inc, ...

  Read More »
• 28 November

  South Africa sees SAA sale completed by early 2022

  

  Bloomberg South Africa expects to conclude the sale of a majority stake in its state-owned airline to private investors early next year, Public Enterprises Minister Pravin Gordhan said. The sale of 51% of South African Airways (SAA) to the Takatso consortium is “certainly moving in the right direction,” Gordhan, who oversees state-owned companies, said in an interview with Bloomberg Television. ...

  Read More »
• 28 November

  World’s biggest Ikea opens in Manila as part of global push

  

  Bloomberg Ikea opened its biggest store in the world in the Philippines, with the new 730,000 square foot facility in Manila a cornerstone of the home-furnishings giant’s expansion plans in Asia. The opening was feted with an event held at the store’s cafeteria attended by Philippine trade secretary Ramon Lopez and foreign minister Teodoro Locsin, where Ikea’s cult-favourite Swedish meatballs ...

  Read More »
• 28 November

  Airlines sink most since 2020 on new variant fears, travel bans

  

  Bloomberg Airline shares tumbled the most since the early days of the Covid-19 pandemic, as an emerging virus variant prompted travel restrictions and fears of crimped demand for flights. The UK has halted arrivals from South Africa and several neighbouring countries for two days and limit access mainly to its own nationals from November 28 onward, with a mandatory 10-day ...

  Read More »
• 28 November

  Gap cuts outlook over supply-chain woes

  Bloomberg Gap Inc lowered its projection for 2021 sales and profit as supply-chain bottlenecks led to lost sales and higher expenses. The shares fell in late trading. Gap now sees revenue growing about 20% for the full year — down from its previous projection of a 30% gain. Analysts had projected revenue to be 28% higher this year, according to ...

  Read More »