November, 2021

• 7 November

  UK’s Johnson isn’t infallible when it comes to sleaze

  

  Boris Johnson likes to quote Latin picked up from his study of the classics. He should know the tale of the Roman general who, upon entering his city in triumph, was reminded, “hominem te memento” — you are a mere mortal. But after a crushing election victory over the Labour party in 2019 and a ruthless elimination of his internal ...

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• 7 November

  Emirates Post’s new stamps feature Saruq Al Hadid site

  Abu Dhabi / WAM Emirates Post Group, in cooperation with Dubai Municipality, issued a set of commemorative stamps featuring the Saruq Al Hadid archaeological site in Dubai, one of the most important archaeological discoveries in the UAE. The stamps bear images of a “Golden Ring”, “Gold Crown Model”, and “Pottery Storage Jar”, all of which represent the most prominent unearthed ...

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• 7 November

  Expo 2020 Dubai now home to 121 Leed-certified buildings

  

  Dubai / WAM More than 120 permanent buildings across Expo 2020 Dubai have been certified by the US Green Building Council in a major sustainability milestone, not only for the mega-event itself, but for its legacy project District 2020, the human-centric sustainable smart city that will repurpose 80 percent of the Expo site. Seven buildings across the 4.38 sqkm location, ...

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• 7 November

  Investor pressure speeding EV arrival

  

  As the automobile industry evolves toward an electric future, incentives will be a big driver of the transition — not just potential tax credits to accelerate demand, but investor behaviour that helps shift automakers’ priorities. Manufacturers are going to try to ramp up spending on future electric models while maintaining profit at a level acceptable to their shareholders. That will ...

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• 7 November

  Are Chinese damaging their marketplace?

  If a stock market is a mirror of a society’s state of mind, then the US is feeling exuberant right now. But in China, it is all about trepidation. Investors there are worried the government is going to mess things up. Both economies face the same set of problems: Supply chain disruptions, inflation pressures, the threat of rising interest rates. ...

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• 7 November

  In post-Merkel Europe, what is ‘conservatism’?

  Reinventing conservatism sounds like an oxymoron. How exactly would you reimagine a political philosophy that — as its intellectual father, Edmund Burke, expounded more than two centuries ago — largely consists of opposing radical reinventions? And yet a drastic rethink is what center-right politicians in much of Europe urgently need. After all, their main standard-bearer, German Chancellor Angela Merkel, is ...

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• 7 November

  British Airways owner expects turnaround with US opening up

  

  Bloomberg British Airways parent IAG SA said cash flows turned positive in the third quarter and that North Atlantic demand has begun to surge as the US prepares to reopen its border to vaccinated Europeans next week. Long-haul bookings are now recovering faster than short-haul sales, with the premium leisure segment performing particularly strongly at BA and Spanish arm Iberia, ...

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• 7 November

  Wizz puts growth before margins in bid to pack jets

  

  Bloomberg Wizz Air Holdings Plc said it will cut fares at the expense of profitability in a bid to pack planes and grab market share as European travel demand rebounds. The low-cost carrier posted a second-quarter profit but forecast a 200 million-euro ($232 million) operating loss for the current three months that “may carry over” into early 2022. Wizz, already ...

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• 7 November

  Boeing directors agree to $237.5m settlement on 737 Max jetliners

  

  Bloomberg Boeing Co directors agreed to a $237.5 million settlement of claims they turned a blind eye to safety issues related to 737 Max jetliners whose crashes have cost the company more than $20 billion, according to court documents. The settlement, which is being paid by insurers covering Boeing’s directors and executives, will be handed over to the company rather ...

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• 7 November

  Selfridges holds talks to spin out its online luxury websites

  

  Bloomberg Selfridges & Co held discussions with potential investors about splitting off its e-commerce business while also considering a potential sale of the department store group, according to people familiar with the matter. The luxury emporium, best known for its giant department store on London’s Oxford Street, considered spinning off Selfridges.com from its lucrative property holdings, which are far larger ...

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