July, 2021

• 7 July

  World Future Energy Summit inks key stakeholder deals

  

  Abu Dhabi / WAM World Future Energy Summit, part of Abu Dhabi Sustainability Week, has signed key stakeholder agreements with the Ministry of Energy and Infrastructure, Bee’ah and EDF Renewables. The event, which provides a platform to showcase clean energy and sustainable projects, initiatives and developments for the Middle East – will be held in Abu Dhabi’s National Exhibition Centre ...

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• 7 July

  The UK is an undefended, open goal for buyouts

  

  The buyout industry’s controversial shopping trip in the UK has probably only just begun. Agreeable boards, short-termist stock market investors and a testy antitrust regime are tilting the playing field. Around half of UK takeovers of more than $1 billion have been private equity-led over the last year. The offer for Wm Morrison Supermarkets Plc, worth $13 billion including assumed ...

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• 7 July

  American cities are at a crossroads

  

  When we envision our future, we often think in terms of technology, culture and geopolitics. All of that determines both our lifestyle and the kinds of cities we build. US cities have arrived at a crossroads. Explosive growth in the South and Southwest, heightened awareness of inequality, an aging population and technology that redefines transportation and buildings are changing priorities ...

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• 7 July

  RBA seeks Goldilocks exit from stimulus

  Australia has taken a small step towards dismantling part of the stimulus it unleashed to fight Covid-19. This is no rush for the exit by the Reserve Bank, once the envy of the world for presiding over a three-decade run without a recession. Interest rate increases are years away. As financial markets and the global economy cratered last year, the ...

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• 7 July

  And most bankers are going back to the office

  Credit Suisse Group AG has portentously unveiled a new vision for its employees’ work-life balance with “The Way We Work.” The initiative, which promises maximum flexibility, is just too good to be true or manageable. It’s the latest example of what’s becoming an all-too-common theme: large employers virtue signaling that they’re now all hip and flexible when it comes to ...

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• 7 July

  Heathrow reopens runway, terminal on travel optimism

  

  Bloomberg London’s Heathrow Airport is dusting off facilities that have been mothballed for over a year, as Europe’s busiest airport prepares for a long-awaited surge in air traffic. The hub reopened its second runway and plans to resume normal operations at Terminal 3 starting from July 15, a spokesman said. T3 closed in May 2020, around the same time Heathrow ...

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• 7 July

  Airbus delivered more than 70 planes in June

  

  Bloomberg Airbus SE delivered more than 70 jets in June, one of its best months for handovers since the start of the pandemic, according to people familiar with the matter. The tally would take the company’s total handovers for the first six months of the year above 290 aircraft, for an increase of about 50% versus last year. Airbus is ...

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• 7 July

  EU to charge airlines more for polluting in its green strategy

  

  Bloomberg Airlines in the world’s biggest carbon market will eventually have to pay for all the pollution from their planes as the European Union strengthens its climate policies under the Green Deal. A proposal by the European Commission includes a gradual phase out of emission allowances for carriers, and will be part of measures to be announced on July 14, ...

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• 7 July

  Suning.com gets $1.36b state-backed, Alibaba bailout

  

  Bloomberg Chinese billionaire Zhang Jindong secured a $1.36 billion state-backed bailout for the troubled retail arm of his Suning empire, marking another step in Beijing’s efforts to clean up its heavily indebted conglomerates. A group of investors, led by the Nanjing state asset management committee and the Jiangsu provincial government, will take a 16.96% stake in Suning.com Co, according to ...

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• 7 July

  Investigators to begin search for Hawaii jet’s black boxes

  Bloomberg US investigators plan to begin scanning the sea bed off Hawaii in search of the wreckage of a Boeing Co 737-200 that went down after losing power in both its engines. Special sonar devices that can map the sea bed will be used to locate critical wreckage and the jet’s two crash-proof recorders, the National Transportation Safety Board (NTSB) ...

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