August, 2021

• 3 August

  Aldar sells out waterfront land plots at Al Gurm

  

  ABU DHABI / WAM Aldar Properties has announced the sell-out of land plots at the second phase of Al Gurm, the beachfront community on the South-West side of Abu Dhabi’s main island. This solid sales performance is the latest indication of the demand for a diverse range of real estate investment opportunities in Abu Dhabi, Aldar said in a statement ...

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• 3 August

  Region’s largest aquarium set to open in Abu Dhabi

  

  ABU DHABI / WAM The National Aquarium (TNA) in Abu Dhabi will showcase the astonishing biodiversity of species when it opens its doors later this year. Located in the vibrant lifestyle hub of Al Qana in Abu Dhabi, the largest aquarium in the region will showcase over 200 sharks and rays, representing 25 different species, said a TNA press release ...

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• 3 August

  Covid-19: A new age of anger awaits India, Brazil

  

  Two decades ago, a Goldman Sachs executive coined the label BRICs to describe four big emerging nations: Brazil, Russia, India and China. Rapid growth and expansion of the ranks of the wealthy in these countries vindicated the faith of investors. Their leaders started to hold annual summit meetings and even established their own development bank. They invited South Africa to ...

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• 3 August

  Aviation is as sustainable as it will be

  

  Could the world be on the brink of a new, cleaner era of aviation? That’s certainly what you might think from the way some people are talking. Mandates for blending so-called Sustainable Aviation Fuel into jet kerosene form one plank of the European Union’s recently announced plans to reduce emissions 55% by 2030. The technology will be key to airlines’ ...

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• 3 August

  Stay-at-home recovery may outlast pandemic

  The UK’s “Freedom Day” has been declared a damp squib by taxi firm Addison Lee, and it’s hard to disagree. Even with hospitalisations and deaths low — and cases falling — mobility is plateauing and below pre-pandemic levels in some areas. Brits are exercising their freedom to mingle selectively. We are a long way from the celebratory orgies reported by ...

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• 3 August

  BOE should mind its policy gap with Fed

  As inflation rates accelerate around the world, central banks are talking about tapering their stimulus programs. With UK data starting to give distinctly mixed signals about how fast the economy is rebounding, the Bank of England (BOE) should err on the side of caution this week as it debates when and whether to start easing back on its support. The ...

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• 3 August

  Asia’s factories reflect new divide as Delta variant spreads

  

  Bloomberg Manufacturing managers in Southeast Asia saw a slump in activity as the region grapples with one of the world’s worst Covid-19 outbreaks, while North Asia continued to see a pick up as the global economy recovers. In Southeast Asia, which has emerged as one of the world’s worst-hit pandemic areas in recent weeks, Indonesia’s IHS Markit manufacturing Purchasing Managers ...

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• 3 August

  India defers state-run banks’ sale to next year

  

  Bloomberg India’s plan to sell two state-controlled lenders may get deferred to next financial year as the government is yet to seek parliament’s nod for changes in laws required to start the transaction, according to people familiar with the matter. The Finance Ministry hasn’t finalised modalities to seek approval from lawmakers for the sale, which leaves little time for the ...

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• 3 August

  India’s jobless rate drops to four-month low as virus ebbs

  Bloomberg India’s jobless rate fell to the lowest level in four months in July, adding to signs of a nascent recovery in the economy where sales tax collections and demand for some commodities have signaled a rebound. The unemployment rate dropped to 6.95% last month from 9.17% the previous month, according to latest data from private research firm Centre for ...

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• 3 August

  Methane cloud spotted near gas pipeline, supplying China

  

  Bloomberg A massive methane plume detected last month over Kazakhstan occurred near a major pipeline that supplies natural gas to China. The cloud was observed roughly 100 kilometers (62 miles) west of the largest Kazakh city of Almaty on July 24, and had an emissions rate of more than 200 tons of methane an hour, according to an estimate from ...

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