October, 2021

• 7 October

  Wetex and DSS host 10 international pavilions

  

  DUBAI / WAM Dubai Electricity and Water Authority (Dewa) said that the 23rd Water, Energy, Technology, and Environment Exhibition (Wetex) and Dubai Solar Show (DSS) will host 10 country pavilions: Italy, Switzerland, Germany, South Korea, Poland, Ireland, Belgium, Chile, Saudi Arabia and Egypt. This year’s exhibition covers over 29,200 square metres. More than 1,200 companies from 55 countries and 61 ...

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• 7 October

  Etihad Rail to send Emirati engineers to train in Germany

  

  Abu Dhabi / WAM Etihad Rail, the developer and operator of the UAE National Rail Network, has announced signing a strategic partnership with Herrenknecht, one of the oldest and largest companies specialised in tunnelling solutions, to develop new tunnel design and construction technologies. The agreement, which took place on the sideline of Expo 2020 Dubai, was signed by Shadi Malak, ...

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• 7 October

  Japan, a sleeping giant of global affairs, is waking up

  

  Three times in the modern era, Japan has reacted to profound international shifts with a sweeping remake of its foreign policy — in ways that altered global history. The nation is now undergoing a leadership transition, as the job of prime minister passes from Yoshihide Suga to Fumio Kishida. This may seem like “more of the same,” as both men ...

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• 7 October

  New Zealand abandons Covid zero!

  

  Living with Covid-19 means embracing interest-rate increases. The more of the latter, the better. That’s the view from New Zealand, whose central bank proceeded on Wednesday with a widely anticipated hike in its benchmark rate to 0.5%, the first nudge higher in seven years. The Reserve Bank made it clear the move is unlikely to be the last. Inflation is ...

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• 7 October

  Will Bitcoin miners leave you in the cold?

  Bitcoin is a virtual currency with a very physical footprint in the form of the big, power-hungry facilities that have sprouted up to mine it. The size of this footprint and its impact on the environment have become a hotly contested issue: The network’s power consumption this year will likely be a whopping 91 terawatt-hours, roughly equivalent to Pakistan’s, according ...

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• 7 October

  Why Biden’s methane fee isn’t kind of a gas tax

  Charif Souki, who founded the biggest US natural gas-export firm and now chairs another called Tellurian Inc, isn’t known for mincing words. And he didn’t disappoint when tackling the issue of methane emissions at a recent event hosted by the Center for Strategic and International Studies: In the upstream, methane leaks are inexcusable. They’re avoidable. The technology is available to ...

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• 7 October

  Walmart shifts US operations chief amid supply-chain woes

  

  Bloomberg Walmart has demoted the chief operating officer of its core US business and installed a finance expert in the role, shuffling its senior leadership team just before the key holiday period. Dacona Smith, one of the retailer’s highest-ranking Black executives, will shift to become executive vice president and chief operations officer of Walmart’s US stores, unit Chief Executive Officer ...

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• 7 October

  Tesco CEO prepares to avoid Christmas supply chain snags

  

  Bloomberg Tesco Plc’s boss is putting the finishing touches on a plan to deliver a catastrophe-free Christmas as a deepening supply chain crisis makes it harder for grocers to keep shelves stocked with their full range of products. Chief Executive Officer Ken Murphy said Britain’s biggest supermarket has ordered 10% more turkeys this year and is increasing the number of ...

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• 7 October

  Hong Kong can retain global aviation hub status, says Lam

  

  Bloomberg Even though Hong Kong is one of the few places left in the world adhering to a Covid-zero approach, the city’s Chief Executive Officer Carrie Lam believes the Asian financial center can retain its status as an international aviation hub. “Although the global aviation industry, with Hong Kong being no exception, has been hard hit by the Covid-19 pandemic, ...

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• 7 October

  TUI plans $1.3 billion stock sale to reduce pandemic debt pile

  

  Bloomberg TUI AG will raise 1.1 billion euros ($1.3 billion) by selling new stock, making it the latest travel company to tap investors for cash to reduce a giant pandemic debt pile. The share sale, at a discount price of 2.15 euros each in a rights offering, will allow the world’s biggest tour operator to reduce its draw on a ...

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