August, 2021

• 29 August

  ADX reduces trading fees, extends its trading hours

  

  Abu Dhabi / Emirates Business The Abu Dhabi Securities Exchange (ADX) has reduced its trading commissions by 50% and will extend its trading hours by one hour, with the market opening at 10am and closing at 3pm. The reduction in trading fees, to 0.025% from 0.05%, which will take effect starting September 1, is the exchange’s second commission cut in ...

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• 29 August

  Dubai Design District inspires next generation of Emirati women

  

  DUBAI / Emirates Business Dubai Design District (d3) launched a campaign to inspire the next generation Emirati Women, encouraging them to shape their future with their own hands. The leading business hub partnered with three of its leading Emirati entrepreneurs, and they will be featured in a new campaign for Emirati Women’s Day. Shafia Alkhyeli, founder of interior design practice ...

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• 29 August

  Mass migrations could yet bring Europe down

  

  There must be no repeat of 2015. That’s been the refrain from politicians across the European Union as they watch the unfolding humanitarian disaster in Afghanistan, which can be expected sooner or later to cause renewed mass migration. These European politicians include candidates for chancellor in Germany, nervous about a national election on September 26; leaders such as Austrian Chancellor ...

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• 29 August

  Apple settlement is yet another win

  

  When a powerful technology company wants everyone to know it has made large concessions in its business practices, it pays to look at the fine print. Sometimes the details don’t match up with the rhetoric. That seems to be the case regarding Apple Inc’s class-action settlement with app developers. The smartphone giant announced that it reached an agreement, pending court ...

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• 29 August

  S Korea doesn’t seem worried about Delta

  The Bank of Korea (BOK) has become the first advanced Asian economy to raise interest rates after the pandemic. This isn’t a one-and-done. When central banks start cutting or raising borrowing costs, they rarely pause after one move, because a single step gets little macroeconomic traction. Policy makers also face a public-relations debacle if they abandon new strategies quickly. So ...

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• 29 August

  Brazil’s court can stop Bolsonaro’s land grab

  “The North American cavalry was competent,” Jair Bolsonaro, then a lawmaker, told the Brazilian legislature in 1998. “Having wiped out its Indians in the past, nowadays the country doesn’t have this problem.” Land, he added, should be allocated “in proportion to the population.” Nothing suggests his retrograde views on Brazil’s original inhabitants have changed since he became president nearly three ...

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• 29 August

  Delta ‘fees’ for unvaccinated may lead more staff to follow

  

  Bloomberg Employers weighing whether to follow Delta Air Lines’ lead and impose financial penalties on their unvaccinated employees could charge an unlimited amount depending on the type of wellness plan they choose. The airline said that it would institute a $200 monthly surcharge on health premiums for employees who haven’t received a Covid-19 vaccine by November 1. Rather than imposing ...

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• 29 August

  Southwest trims flying schedule after outcry

  

  Bloomberg Southwest Airlines Co will reduce its flight schedule for the last four months of the year after employees assailed the discount carrier for understaffing operations during a summer marred by delays and cancellations. Average daily flights will fall by 27 to 3,304 from September 7 through October 6, Southwest said in an emailed statement. The carrier will cull an ...

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• 29 August

  GoAir gets initial share sale nod from India’s market regulator

  

  Bloomberg Go Airlines India has got the green light from the nation’s market regulator to raise 36 billion rupees ($485 million) through an initial public offering, according to a person familiar with the matter. GoAir’s share sale was put on hold in June by the Securities and Exchange Board of India (Sebi). The airline now expects to file a preliminary ...

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• 29 August

  Interjet eyes comeback after $1.25b Mexico restructuring

  

  Bloomberg A business plan that aims to put Mexico’s troubled Interjet back in the skies in 2022 is ready, according to the firm the airline hired to advise on restructuring $1.25 billion in debt. Argoss Partners submitted the plan to Interjet management at the end of July. It calls for debt forgiveness of over 90%, partial payment to workers, preliminary ...

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