June, 2021

• 17 June

  flydubai, Alhosn join hands to make travel more convenient

  

  Dubai / WAM flydubai, the Dubai-based airline, has partnered with Alhosn, becoming the first airline to collaborate with the official UAE app for contact tracing and health testing related to Covid-19, to provide passengers with digital verification of Covid-19 medical records while travelling from the UAE. All flydubai passengers can now use the Alhosn app at check-in without having to ...

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• 17 June

  Elon Musk-Jeff Bezos spat reflects bad space policy

  

  Last week, the Senate passed a measure that would allot $10 billion over five years for Nasa to develop two new lunar landers. Buried in a nearly $250 billion bill intended to boost innovation, the measure was equal to about 43% of the space agency’s total budget. Why the extravagance? On one level, it surely makes sense to build a ...

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• 16 June

  Was Alibaba a Trojan horse for HK?

  

  Alibaba Group Holding Ltd didn’t hide its frustration when turning away from Hong Kong in 2013 and choosing to list in the US instead. “The question Hong Kong must address is whether it is ready to look forward as the rest of the world passes it by,” co-founder Joe Tsai wrote in a blog post that chastised the city’s exchange ...

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• 16 June

  Are Evergrande shorts back in fashion now?

  Consider the hedge fund manager’s dilemma. If all she has is $200 million to $300 million in assets under management, she’d barely be able to afford that swanky office and the half-dozen analysts she’d need to run the operation. So she works hard to establish a track record and begins to manage, say, $2 billion to $3 billion. At that ...

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• 16 June

  The Federal Reserve needs to take action

  Federal Reserve officials, confronting developments and an outlook they seem to have not anticipated, face tricky decisions as they finalised their policy deliberations on Wednesday. These centre on updating their individual projections and converging on whether — and if yes, how — to start a necessary policy pivot that unfortunately conflicts with the framework the central bank adopted recently to ...

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• 16 June

  European utilities call for quick tightening of carbon market

  

  Bloomberg Seven of the European Union’s leading energy producers called on policymakers to agree to an ambitious and fast reform of the world’s largest carbon market in a bid to help investors in the transition to climate neutrality. Companies including Electricite de France SA, Statkraft AS and Fortum Oyj — which have big nuclear and hydropower fleets — want a ...

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• 16 June

  Biden, Putin conclude Geneva summit after about 2.5 hours

  

  Bloomberg Presidents Joe Biden and Vladimir Putin concluded their first summit in the Swiss city of Geneva on Wednesday after about 2.5 hours of meetings, seeking to dial back tensions between the two former Cold War adversaries that have reached the highest level in years. The summit was substantially shorter than aides had predicted. US officials said they expected the ...

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• 16 June

  EU ready to escalate fight over Northern Ireland, says France

  

  Bloomberg Clement Beaune, France’s junior European Affairs minister and key ally of President Emmanuel Macron, warned that the European Union will take action if the UK leaves the Northern Ireland protocol of the Brexit agreement. “We wouldn’t be happy to do it, but we would be ready to do it and respond,” Beaune said in an interview on the sidelines ...

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• 16 June

  Algeria’s ex-ruling party prevails in snubbed vote

  

  Bloomberg Algeria’s former ruling party won the most seats in parliamentary elections as all-time low turnout showed deep skepticism over promises of a “new Algeria” after two years of unrest in the Opec member. Participation was about 23% in the vote, which delivered 105 of 407 parliamentary seats to the National Liberation Front (FLN) after protesters and more than a ...

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• 16 June

  Malaysia’s king urges parliament to meet

  

  Bloomberg Malaysia’s king has urged parliament to reconvene as soon as possible amid growing public anger over the government’s handling of the pandemic that has left democracy suspended all year. The statement from the national palace on Wednesday followed a meeting of the country’s royal leaders chaired by King Sultan Abdullah Sultan Ahmad and comes as daily Covid-19 infections averaged ...

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