November, 2021

• 15 November

  UAE calls for unifying global efforts to support aspirations of Libyans

  

  Abu Dhabi / WAM Sheikh Shakhbout bin Nahyan bin Mubarak Al Nahyan, Minister of State, representing President His Highness Sheikh Khalifa bin Zayed Al Nahyan, participated in the “Paris International Conference for Libya,” which was held in Paris. During his speech, the minister conveyed the greetings and appreciation of the UAE leadership to France, Germany, Italy, Libya and the United ...

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• 15 November

  Noor Dubai’s mobile eye camp in Ghana helps over 2,000 people

  

  Dubai / WAM Noor Dubai Foundation organised its latest Mobile Eye Camp at Tamale, the capital city of the Northern region of Ghana, where over 2,000 people benefitted through the programme’s activities, which included screening and providing diagnosis for eye care, conducting surgeries, and distributing spectacles Around 500 surgeries were conducted to restore the sight of hundreds of people. Guided ...

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• 15 November

  COP26 seals breakthrough climate deal after compromises

  

  Bloomberg Negotiators from almost 200 countries clinched a deal that seeks to keep the most ambitious goal of the Paris Agreement alive, breaking new ground in the fight against climate change but punting the hardest decisions into the future. After two weeks of often fraught United Nations COP26 talks, delegates agreed to reduce the use of coal, end “inefficient” fossil-fuel ...

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• 15 November

  Forget words of COP26 deal. Follow the money

  

  For all the weeks of negotiation and hard-headed diplomacy that go into the text of an international agreement, the words that result in the end aren’t a magic spell. Whether the communique resulting from the Glasgow climate conference promises to “accelerate the phasing out of coal and subsidies for fossil fuels” (as initial drafts proposed) or instead to escalate “efforts ...

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• 15 November

  Opendoor didn’t mess up iBuying

  

  Few people can have seriously expected Opendoor Technologies Inc to suffer the sort of calamity that real estate listings giant Zillow Group experienced recently at its so-called iBuying unit. The housing market has cooled a little but it’s still a great time to be flipping homes, providing you don’t mess up the basics. Still, there was understandable relief when Opendoor ...

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• 15 November

  For J&J, resistance to a breakup proved futile

  Now it’s Johnson & Johnson’s turn to break itself up. The $435 billion US pharmaceutical behemoth is to carve out its consumer-health arm, leaving behind a more focused drug-discovery and medical-devices business. The idea of spinning off the company behind Listerine mouthwash and Band Aids has been in the air for some time — because it makes eminent sense. The ...

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• 15 November

  Xi Jinping’s victory lap looks a little premature

  The Communist Party’s historical resolution that smooths the way for Xi Jinping to rule indefinitely doesn’t shrink from bestowing greatness on China’s leader. That notably includes giving him credit for successfully completing an economic transition that has far from run its course. China’s development “has become much more balanced, coordinated, and sustainable,” says the communique released by the official Xinhua ...

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• 15 November

  Air Asia X’s debt restructuring receives support from creditors

  

  Bloomberg AirAsia X Bhd’s debt-restructuring proposal received more than 95% support from creditors in meetings as the debt-laden budget carrier tries to stay afloat. The airline received full support from two classes of creditors on its proposed debt restructuring and 97.6% from the third group, it said in separate statements to the Malaysian stock exchange. AirAsia X needed at least ...

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• 15 November

  Boeing signals optimism on fixing 787, 737 Max issues

  

  Bloomberg Boeing Co is on the verge of surmounting issues that have held back deliveries of its two most important aircraft, the 787 and the 737 Max, an executive said. The planemaker is “getting close” to restarting deliveries of the 787, Ihssane Mounir, senior vice president of commercial sales and marketing, said in Dubai ahead of an air show on ...

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• 15 November

  Cathay says tighter crew curbs may hit supplies into Hong Kong

  

  Bloomberg Cathay Pacific Airways Ltd expressed concern about a possible move by Hong Kong to rein in quarantine exemptions for aircrew operating cargo flights, saying it could reduce the number of available employees and disrupt the supply of goods moving in and out of the financial hub. The airline, Asia’s biggest cargo carrier, has been operating a full freighter schedule ...

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