October, 2021

• 12 October

  48th WJMES concludes with huge success

  

  Sharjah / WAM Another successful edition of the Watch & Jewellery Middle East Show (WJMES) was concluded after attracting over than 60,000 visitors. The event was organised by the Expo Centre Sharjah with the support of the Sharjah Chamber of Commerce and Industry (SCCI). More than 350 exhibitors from the most prestigious local and international houses and brands took part ...

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• 12 October

  Britain turns to coal as low wind output increases power prices

  

  Bloomberg UK power prices rose after a coal power plant switched on Monday to make up for a shortfall in wind generation and limited flows on two power cables to Ireland. Britain is set to end the use of coal within three years and to make power generation fossil fuel-free by 2035. For now the nation is still reliant on ...

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• 12 October

  Chevron aims net zero emissions from operations by 2050

  

  Bloomberg Chevron Corp committed for the first time to an aspiration of net zero emissions from its operations by 2050 as the company responded to rising investor and societal pressure to play a bigger role in a transition to a low-carbon future. Chevron is also incorporating its customers’ emissions into some of its goals, the San Ramon, California-based company said ...

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• 12 October

  Big US banks have been stars, but encores are over

  

  America’s biggest banks have had star-turns this year for investors betting on the global economic rebound from the Covid-19 pandemic, but the encores might well be done. Lenders from the US and Europe have comfortably beaten earnings expectations while the world grappled with economic shutdowns and re-openings. But with third-quarter earnings coming up — starting with JPMorgan Chase & Co ...

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• 12 October

  New York City’s future is very wet

  

  New York City saw it coming. In May, in the kind of clarifying document that invariably gets noticed when it’s too late, the city mapped out the sort of devastation that Hurricane Ida would bring just a few months later. The message of the New York City Stormwater Resiliency Plan is that, weatherwise, the scale of everything has changed. The ...

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• 12 October

  Can climate activists be blamed for energy crisis

  From the way some analysts have been talking lately, you’d think that energy markets obeyed some version of the butterfly effect, where flapping wings will determine the formation of tornadoes weeks later. Call it the BlackRock Inc effect: Larry Fink needs only to whisper the words “ESG,” and natural gas and coal markets will explode 21 months into the future. ...

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• 12 October

  Is UK’s Boris Johnson a political cheermaster?

  As fuel ran short at UK pumps and “eco-warriors” brought London’s highways to a standstill, Boris Johnson was in the midst of a bravura speech at the Conservative party conference, full of relentless good cheer. Right-wing think tanks, usually supportive of the Tories, disliked the speech for different reasons than the usual Boris-bashers. The Adam Smith Institute called it “economically ...

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• 12 October

  Heathrow calls for sustainable fuel policy ahead of COP26

  

  Bloomberg London Heathrow airport called on the UK to mandate the use of sustainable aviation fuels (SAF) to help the industry lower carbon emissions while fending off pressure from climate groups to curtail air travel. The hub is also seeking other policies that would scale up the production of SAF in the country, including a price-support mechanism and loan guarantees, ...

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• 12 October

  Pilot shortage threatens Britain travel rebound

  

  Bloomberg The UK is facing a pilot shortage that could hamper the reopening of the travel industry, after hundreds of aircrew took early retirement or changed career during the pandemic, the Telegraph reported. The number of pilots who retired during the pandemic is believed to be at least double the usual levels, the newspaper said, citing sources in the aviation ...

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• 12 October

  Travel websites crash in rush for flights as Singapore opens up

  

  Bloomberg Singapore Airlines Ltd’s website was temporarily down over the weekend and travel agencies are seeing a surge in demand for flights after the city-state announced a plan to start quarantine-free travel with more countries as early as next week. Inquiries jumped more than five times the usual on Chan Brothers Travel’s website, according to the travel agent’s senior marketing ...

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