August, 2021

• 14 August

  How to compete in NYC’s rental market

  In just a few months, the rental market in many New York City (NYC) neighbourhoods has flipped from stagnant to red hot. The value of move-in incentives to entice renters in Manhattan hit the lowest in a year as of July, according to appraiser Miller Samuel Inc. and brokerage Douglas Elliman Real Estate. In Brooklyn, new lease signings were the ...

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• 14 August

  Reasons to be worried about Africa’s progress

  One of the saddest stories of the year has gone largely unreported: the slowdown of political and economic progress in sub-Saharan Africa. There is no longer a clear path to be seen, or a simple story to be told, about how the world’s poorest continent might claw its way up to middle-income status. Africa has amazing human talent and brilliant ...

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• 14 August

  China’s green ambitions not halting new coal, steel plans

  

  Bloomberg China continues to announce new steel mills and coal-fired power plants even as the country maps out a path to zeroing out heat-trapping emissions. State-owned firms proposed 43 new coal-fired generators and 18 new blast furnaces in the first half of 2021, the Centre for Research on Energy and Clean Air said in a report. If all approved and ...

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• 14 August

  Shale driller posts rare negative revenue

  

  Bloomberg The global gas rally left a bitter aftertaste for one US shale driller that posted negative revenue after it had to write down the value of its output hedges. Vine Energy Inc reported negative revenue of $64.5 million in the second quarter, leading to a $360 million loss for the period, according to a filing with the US Securities ...

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• 14 August

  Airbus freighter plans gather pace as UPS, DHL eye new jets

  

  Bloomberg Airbus SE’s dedicated freighter is drawing interest from major cargo firms, after the European planemaker got board approval to launch the jet late last month. Airbus confirmed in late July its directors had signed off on a plan to produce a freighter version of the A350 jet by 2025, enabling it to counter rival Boeing Co’s dominance of the ...

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• 14 August

  Garuda removes directors to save costs amid debt rehaul

  

  Bloomberg Flag carrier PT Garuda Indonesia has shrunk its management to reduce costs as the airline restructures its way out of a pandemic-driven financial crunch. Garuda now has only six directors, removing the position of vice president director and merging services and business development director with commercial and cargo director, President Director Irfan Setiaputra said in a press conference after ...

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• 14 August

  India set to clear Boeing 737 Max to fly again within days

  

  Bloomberg India is set to allow Boeing Co’s 737 Max jets to resume flights in the country within days, according to a person familiar with the matter, clearing one of the last remaining hurdles for the US planemaker as it seeks to get the model flying again worldwide. The South Asian nation has been satisfied with the plane’s performance since ...

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• 14 August

  Afghanistan’s Ghani appeals for help as Taliban near Kabul

  

  Bloomberg Afghanistan’s US-backed president used his first public appearance in days to say he’s turning to the international community for help against Taliban militants advancing across the country. Ashraf Ghani made brief, nationally televised remarks on Saturday as Taliban fighters continue to make rapid territorial gains in the vacuum left by departing US and NATO troops. The president said he ...

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• 14 August

  HK’s biggest protest group to disband, says SCMP report

  

  Bloomberg Hong Kong’s largest protest group that drew upwards of two million of the city’s residents on to the streets in 2019 will disband, according to local media reports. Members of the Civil Human Rights Front, which organized many of the largest rallies during the Hong Kong’s 2019 pro-democracy protests, endorsed a resolution to disband, local media including the South ...

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• 14 August

  Finnish nationalists pick anti-immigration leader

  Bloomberg Finland’s opposition Finns Party picked a new leader who said the anti-immigrant populists won’t sacrifice their controversial policies in order to become more palatable to other politicians. Riikka Purra, a 44-year-old lawmaker considered the favourite in the race, won by a large margin, securing majority support at a party convention in Seinajoki, western Finland, on Saturday. Incumbent Jussi Halla-Aho ...

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