March, 2021

• 8 March

  We are keen to provide world-class healthcare services

  

  DUBAI / WAM The UAE prioritises the health sector, offers its citizens and residents comprehensive world-class healthcare services, and constantly aims to improve these services. Shakhbout Medical City (SSMC) is a leading health sector development project not only in the country but also in the entire region, providing advanced health and medical services in line with the highest international standards. ...

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• 8 March

  Germany compensates utilities $2.9 billion for nuclear exit

  

  Bloomberg Germany agreed to compensate Vatenfall, RWE, EnBw and E.ON 2.4 billion euros ($2.9 billion) for losses suffered following the country’s decision to phase out nuclear power after the Fukushima Dai-Ichi meltdowns. The deal ends the decade-long battle between the government and Germany’s biggest energy companies. It comes in an election year when the green credentials of Europe’s largest economy ...

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• 8 March

  Pandemic relief is an economic leap of faith

  

  Democrats are closing their eyes and throwing the dice. Congress is passing President Joe Biden’s $1.9 trillion pandemic relief bill with shockingly little information about whether the US economy can safely absorb it. The Federal Reserve isn’t helping. Its signals to markets, businesses and households have been surprisingly blasé about the possibility of the economy overheating and inflation accelerating. Predictions ...

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• 8 March

  It’s late for Big Oil’s pivot to a carbon tax

  

  The American Petroleum Institute is debating whether to support a price on carbon. It’s not every day that a top lobbying group contemplates taxing itself. That’s big news, and it’s tempting to call it a win for the climate. Not so fast. While API’s expected endorsement is indeed a sign of the times, it’s not a good one. For one, ...

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• 8 March

  Predicting the future of prediction markets

  Sometimes economists are just flat-out wrong. According to economic theory, annuities and reverse mortgages should be very popular for managing risk and liquidity — yet both products struggle for mainstream acceptance. Another favorite of economists is prediction markets: contracts with payoffs contingent on some real-world event. Their future is also highly uncertain. In essence, prediction markets let people “bet” on ...

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• 8 March

  US vaccine hoarding is alienating the world

  Those Americans who cheered President Joe Biden’s announcement this week that the US would have enough vaccines to inoculate every citizen by the end of July might want to note the cold silence with which the rest of the world greeted the news. Biden’s triumphalism was more than a little grating, considering that the U.S., alongside most other rich countries, ...

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• 8 March

  Boeing 737 Max return gathers pace with 100 planes back in sky

  

  Bloomberg The number of Boeing Co. 737 Max jets back in service has now topped 100 as airlines in the US, Brazil and Europe add more flights with the re-certified jet. More than 1,300 flights were logged in the week through March 3, with American Airlines Group Inc. operating almost 400 flights, according to data from aviation analytics firm Cirium. ...

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• 8 March

  Lufthansa pivots to UK to profit from faster vaccine progress

  

  Bloomberg Deutsche Lufthansa AG is seeking to profit from UK’s plans to exit lockdown, with its Eurowings subsidiary to offer flights from the UK to Mallorca for the first time as Germany’s coronavirus vaccine rollout sputters. Eurowings will initially fly vacationers from Birmingham and Manchester to the Spanish island and back twice a week starting at the end of May, ...

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• 8 March

  Virgin Galactic chairman sells $213 million stake

  Bloomberg Virgin Galactic Holdings Inc. tumbled after its billionaire Chairman Chamath Palihapitiya offloaded shares worth about $213 million in the space-tourism company founded by Richard Branson. Palihapitiya, who has helped drive the frenzied growth of blank-check companies, disposed of 6.2 million shares at an average price of $34.32 this week, based on a filing with the US Securities and Exchange ...

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• 8 March

  Alitalia talks entering crucial stage in test for Draghi at EU

  

  Bloomberg Discussion on the future of cash-strapped Alitalia entered a crucial phase, as talks with European authorities resumed, an early test of Italian Prime Minister Mario Draghi’s relationship with Brussels. The Italian government and the European Commission agreed to “work constructively together to find workable solutions on the Alitalia file,” a Commission spokesman said after Commission Vice President Margrethe Vestager ...

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