November, 2021

• 22 November

  Dubai issues 55,194 new commercial licenses in 10 months

  

  Dubai / WAM A report by the Business Registration and Licensing sector at Dubai’s Department of Economy and Tourism revealed that 55,194 new business licences were issued during the first 10 months of 2021, a growth of 69% compared to the same period in 2020, when 32,626 licenses were issued. The positive growth figures underline Dubai’s reputation in providing high-growth ...

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• 22 November

  SEF kicks off with 27 ‘conversations of change’

  

  Sharjah / WAM The fifth edition of the Sharjah Entrepreneurship Festival (SEF), one of the largest events for entrepreneurs in the region, organised by the Sharjah Entrepreneurship Centre (Sheraa), kicks off on Monday, at Expo Centre Sharjah under the slogan #WhereStarsCollide. With the participation of 55 speakers, including influential regional and global entrepreneurs, industry titans, and young creatives from social, ...

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• 22 November

  Carbon hits new records after watchdog finds no market abuse

  

  Bloomberg The cost of pollution in the European Union (EU) rose to new highs after a report by the bloc’s market watchdog dismissed concerns by some governments over abuse and the role of speculative investors in emissions trading. Benchmark carbon permits rose as much as 1% percent to a record 69.77 euros a ton on ICE Endex, extending gains to ...

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• 22 November

  Farmers’ fury trumps PM Modi’s strongman style

  

  India’s Prime Minister Narendra Modi isn’t used to backing down. So his move to repeal three contentious laws that have drawn tens of thousands of farmers to protest at the borders of the capital for over a year is significant. It’s easily the most serious political setback of his seven years in power. Almost half of India’s 1.4 billion people ...

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• 22 November

  Can chronological feed fix Facebook?

  

  There’s been a lot of discussion, since the Facebook Files were leaked, about how to repair the social media platform. A lot of this talk centres on how algorithms manipulate the feeds, and how we users are profiled and fed exactly the content that arouses us to fits of hatred, conspiracy theorising, and even domestic terrorism. This is true and ...

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• 22 November

  Masks at Thanksgiving? Here are better ideas!

  Thanksgiving 2021 should be the reward for abstaining from 2020 celebrations until Covid-19 vaccines rolled out. Why not? The virus is still very much around, but times really have changed. Remember those 11th-hour pleas from the US Centers for Disease Control to cancel last year’s gatherings as a big fall surge was building? They were reasonable, then: Big holiday celebrations ...

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• 22 November

  Supply-chain crisis is already easing in US

  The supply-chain crunch appears to have already peaked in the US. Over the past two years, just about anything that could go wrong with global supply chains has gone wrong, from volatile swings in demand, a wave of extreme weather events and even a container ship getting stuck in the Suez Canal. But evidence keeps piling up to suggest that ...

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• 22 November

  Boeing buyers’ ire builds as 787 issues pass 13-month mark

  

  Bloomberg Frustration is mounting for customers waiting to take new Boeing Co 787 Dreamliners — planes caught in a regulatory and production quagmire that has halted all but a few deliveries since October 2020. The popular wide-body jets will be needed to carry travellers across oceans as borders sealed shut by the Covid-19 pandemic start to reopen. But airlines and ...

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• 22 November

  Virgin Atlantic in talks for $540m fundraising

  

  Bloomberg Virgin Atlantic Airways Ltd is in discussions with its shareholders about a 400 million-pound ($540 million) capital injection, according to a person familiar with the matter. Added funding would bolster Virgin Atlantic’s balance sheet as it looks to cash-in on pent-up demand for air travel as restrictions lift, said the person, who requested not being identified because the information ...

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• 22 November

  Airbus seals second A350F sale with CMA CGM’s four-plane deal

  

  Bloomberg Airbus SE secured the second order for its coming A350 freighter, reaching an outline agreement with French shipping firm CMA CGM Group covering four of the wide-body twinjets. The memorandum of understanding is expected to be finalised over coming weeks, according to a statement. It follows a separate deal for seven A350Fs reached with leasing giant Air Lease Corp ...

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