May, 2021

• 3 May

  Air Arabia resumes flights to Almaty

  

  ABU DHABI / WAM Sharjah-based low-cost carrier Air Arabia has announced the resumption of direct flights between Sharjah and Almaty, Kazakhstan, starting May, 21. Customers can now book their direct flights between Sharjah and Almaty by visiting Air Arabia’s website, by calling the call centre or through travel agencies. Air Arabia has added to the convenience and confidence of passengers ...

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• 3 May

  Exxon, Chevron preach prudence even as cash waterfall returns

  

  Bloomberg Exxon Mobil Corp and Chevron Corp added momentum to a nascent recovery in the US oil industry as they reported bumper cash flow, a dramatic improvement after a torrid 2020. The energy giants generated enough cash to cover dividends, debt payments and project spending in the first quarter, the first time they’ve managed to do that in more than ...

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• 3 May

  China’s Xi vows focus on emission cuts, end energy-inefficient projects

  

  Bloomberg China will make cutting emissions a focus of its ecological strategy in the next five years, President Xi Jinping said, vowing to call off projects which consume a lot of energy and can’t meet environmental standards. “The carbon neutral and emission-peaking goals are solemn promises China has made to the world,” Xi said at a study session of the ...

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• 3 May

  Lessons from Vietnam on leaving Afghanistan!

  

  Four months from now, the last 2,500 American troops will have left Afghanistan. The British, Australians, Canadians and other allies will be in the same boat, figuratively if not literally, having also sacrificed blood and treasure in the 20-year struggle first, to remove Kabul’s Taliban government, thereafter to sustain its successor regimes. Why has President Joe Biden lost patience, the ...

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• 3 May

  Is e-commerce wage war brewing?

  

  For the past generation, Amazon.com Inc has been the centerpiece of a prevailing view that the growth of the internet has had a deflationary impact. Online shopping brought transparency to every aspect of the economy, increasing competition and taking pricing power away from companies that used to have it. Now Amazon may be leading the marketplace in a new direction ...

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• 3 May

  Barclays traders show new signs of peaking

  Barclays Plc Chief Executive Officer Jes Staley has proved skeptics wrong: Hanging on to the British bank’s large securities business has been a blessing, especially during the pandemic. Staley was under pressure at various points to cut back on riskier trading activities. He held off and his firm — like its Wall Street peers — has prospered, riding the wave ...

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• 3 May

  How one terrible year changed Exxon Mobil

  With a month to go before a showdown with activists at its annual meeting, Exxon Mobil Corp is putting its best face forward. The activist argument rested on two pillars. First, Exxon’s strategy for managing the energy transition was, at best, unclear and at worst barely in existence. Exxon has moved to defang that with a shift in messaging around ...

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• 3 May

  Covid-19: Lufthansa, Heathrow airport see delayed rebound

  

  Bloomberg Deutsche Lufthansa AG reined in capacity plans and London’s Heathrow airport lowered passenger forecasts as new waves of coronavirus infections dent prospects for a travel rebound by the start of summer. Lufthansa now expects to offer only 40% of its pre-pandemic capacity for 2021 as a whole, according to a statement, a figure that’s below the level it has ...

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• 3 May

  TSA extends face mask mandate for airplanes

  

  Bloomberg Passengers on airplanes, buses and railroads in the US will have to keep wearing masks to guard against the spread of Covid-19 as federal officials extended a mandate that was set to expire within days through the busy summer travel season. The Transportation Security Administration (TSA) announced it was extending the mandate through September 13. The move is in ...

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• 3 May

  ‘Amazon to pass Walmart in US retail sales in 2025’

  Bloomberg Amazon.com Inc will supplant Walmart Inc as the biggest US retailer by 2025, according to a new report, suggesting the e-commerce giant has too much momentum for Walmart to stop despite big investments in its own e-commerce offerings. By 2025, US shoppers will buy $632 billion worth of products at Amazon and retail afflilites including Whole Foods Market, surpassing ...

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