December, 2019

• 10 December

  Emirates cabin crew named world’s best

  

  DUBAI / Emirates Business Emirates cabin crew has been named World’s Leading Cabin Crew 2019 at the World Travel Awards (WTA) Grand Final Gala Ceremony. The event marked the culmination of the WTA’s annual search for the finest travel and tourism organisations in the world, where winners of its six regional ceremonies compete for the coveted world titles. Emirates also …

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• 10 December

  Boeing tries to win over pilots, attendants with 737 Max pitch

  

  Bloomberg Boeing Co. executives met this week with pilots, flight attendants and industry consultants to build confidence in changes to the 737 Max jetliner, which has been grounded since March after two fatal crashes. The planemaker said it’s confident that finalised software updates will win regulatory approval, said John Goglia, a former US safety official and airline mechanic who attended …

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• 10 December

  South Africa Airways rescue chief faces long to-do list

  

  Bloomberg South Africa’s government has hired a veteran business-rescue specialist to take charge of the state-owned airline in a renewed attempt to restore it to financial health and remove a burden on the nation’s finances. Les Matuson and his team at Johannesburg-based Matuson & Associates will get 4 billion rand ($273 million) in working capital from creditors and the government …

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• 9 December

  Oil slips as trade deal impact counters surprise Saudi cut

  

  Bloomberg Oil fell from the highest close in almost 12 weeks as the effects of the US-China trade war countered Saudi Arabia’s surprise move to take additional crude barrels out of the market. Futures in New York slipped 1.1% after climbing 1.3% on December 6. The kingdom voluntarily pledged to pump 400,000 barrels a day less than mandated by Opec …

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• 9 December

  Anti-Muslim citizenship bill sparks protests in India

  

  Bloomberg India’s parliament is set to approve legislation preventing Muslim migrants from neighbouring countries from receiving citizenship — the next step in Prime Minister Narendra Modi’s hardline Hindu nationalist program and one that’s seen to go against the nation’s secular constitution. The controversial citizenship bill has sparked protests and fear around India, with lawyers working overtime to help millions at …

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• 9 December

  TRA, Huawei jointly release ‘5G and IoT OpenLab’ in UAE

  

  Dubai / WAM During UAE 5G conference, the Telecommunications Regulatory Authority (TRA), and Huawei released the TRA and Huawei ‘5G and IoT Joint OpenLab’ in Dubai, aimed at boosting 5G and the Internet of Things (IoT), services throughout the UAE, promoting innovation and collaboration across markets with the intention of creating an open ecosystem that will further ICT development across …

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• 9 December

  EU imposes five-year tariffs on biodiesel from Indonesia

  

  Bloomberg The European Union (EU) imposed five-year tariffs on biodiesel from Indonesia to counter alleged subsidies to producers in country, a move that could prompt the Indonesian government to retaliate. The EU duties on Indonesian exporters of this type of biofuel, which is made from vegetable oils and animal fats for use in diesel engines, range from 8% to 18%, …

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• 9 December

  Speed of euro’s revival may surprise forecasters in 2020

  

  Bloomberg The euro may take pundits by surprise next year by climbing faster than expected. The common currency is seen rising to $1.12 by March before a steady ascent to $1.16 by the end of 2020, up from around $1.1065 now, according to a Bloomberg survey. Yet some analysts could be underestimating the prospects for fiscal stimulus, a growing chorus …

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• 9 December

  Yes Bank to reject $1.2b bid by Canadian tycoon

  

  Bloomberg Yes Bank Ltd is likely to reject an offer that made up more than half of its planned $2 billion capital raising, and is talking to institutional investors about making up the shortfall, according to a person familiar with the matter. At a meeting, the board is expected to reject an offer from Canada’s Erwin Singh Braich and Hong …

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• 9 December

  Philippine bank probes transfers using LitePay

  

  Bloomberg Bank of the Philippine Islands has started its own probe into fund transfers made using a Westpac Banking Corp service blamed for Australia’s worst-ever money laundering breach. The Ayala Corp-owned bank started investigating transactions made through LitePay, a low-cost fund transfer system Westpac launched in 2016, after violations came to light in late November, BPI spokesman Owen Cammayo said. …

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