February, 2021

• 17 February

  Expo Dubai gathers global travel, connectivity experts

  

  DUBAI / WAM Digital connectivity and the changing nature of travel and tourism in the reality of the pandemic were just some of the key themes explored by travel experts, international participants and Official Partners, including Emirates and Etisalat, as Expo 2020 Dubai continued its pre-event programme. Covering key sectors such as mobility, transport and logistics, governance, education and travel, ...

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• 17 February

  UK utilities looking to a future without gas to heat homes

  

  Bloomberg Several UK utilities are lining up to support changes to how households are taxed in Britain for their energy use. In an effort to make electricity cheaper for charging cars and heating homes, the Prime Minister Boris Johnson’s government is considering moving some levies away from power to gas bills. It’s a move that could kick-start the mammoth task ...

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• 17 February

  Maersk bids farewell to fossil-fuel only ships

  Bloomberg A century after the global shipping fleet ran largely on coal, the world’s largest shipping line is taking a historic step toward not using fossil fuels for propulsion. All newly constructed vessels owned by AP Moller-Maersk will have to be able to use carbon-neutral fuels, such as clean methanol and ammonia, as well as traditional oil-based products, the company ...

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• 17 February

  Dems say they can’t work with Republicans. Why not?

  

  “I came in expressing a strong spirit of bipartisanship,” President Barack Obama said, “and what was clear was that even in the midst of crisis, there were those who made decisions based on a quick political calculus rather than on what the country needed.” At the start of 2010, his second year in office, Obama was remembering what he called ...

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• 17 February

  Venezuela’s Covid toll may surge

  

  Venezuelans had rare occasion to celebrate last week when a government directive cleared the way for hundreds of thousands of their compatriots in harm’s way to receive doses of Covid-19 vaccines. Oh, wait. The compatriots in question were immigrants, having exited their failing homeland to make a new life abroad. The government was Colombian, whose directive to protect expatriate Venezuelans ...

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• 17 February

  Goldman aims to counter Reddit’s trading frenzy

  Goldman Sachs Group Inc’s strategy for broadening its reach beyond Wall Street and the wealthiest clientele made all the sense in the world. It already had a consumer bank, Marcus, that offered options like higher-interest savings accounts for individuals. So why not let them invest their money through Marcus as well, even if the sums are comparatively modest by Goldman ...

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• 17 February

  Is Warren Buffett a stock buyer or seller?

  It was already pretty safe to say that Warren Buffett wasn’t going to get in on the overzealous GameStop Corp buying action of late. But a regulatory filing signalled that the famed investor is still hesitant about stocks generally, with his Berkshire Hathaway Inc back to hoarding cash while riding out a market that’s been disjointed by a global pandemic, ...

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• 17 February

  Lufthansa, planemakers in talks over smaller aircraft

  

  Bloomberg Deutsche Lufthansa AG is in talks with planemakers about swapping some orders for larger aircraft to smaller long-distance models, helping to adapt its fleet to an enduring slump in intercontinental business travel as the coronavirus crisis upends demand. Europe’s largest airline group is in negotiations with Airbus SE and Boeing Co about existing orders, with the manufacturers showing flexibility ...

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• 17 February

  Air France-KLM’s shares risk plunging to one euro

  

  Bloomberg Air France-KLM is the most vulnerable of Europe’s major legacy carriers to an extended slump in passenger traffic and its share price could fall to one euro, according to analysts at Bernstein. The Franco-Dutch airline is in need of another multi-billion euro bailout and “likely has insufficient liquidity to continue into 2022,” the analysts including Daniel Roeska wrote in ...

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• 17 February

  Transat plummets with Air Canada takeover in jeopardy

  

  Bloomberg Air Canada’s proposed takeover of Transat AT Inc has been thrown into doubt after European regulators failed to approve the deal by a February 15 deadline. The companies are still talking about “potential amendments” that can keep the deal alive, Montreal-based Transat said in a statement. However, Air Canada won’t agree to extend the deadline, meaning either company now ...

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