January, 2021

• 27 January

  Enoc launches aviation portal for customer jet fuel orders

  

  DUBAI / WAM Enoc group launched a dedicated aviation portal, https://myfuel.enoc.com that includes a host of functional benefits to enhance customer and B2B relations. The new portal includes tools and capabilities that will enable the initiation of nominations (online orders), 24/7 customer dashboard access to account statements and fuel price, as well as the around the clock support for customers ...

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• 27 January

  Kamala Harris is good for economics profession

  

  For more than 50 years, the economics profession has sought to increase the number of Black people and women in its ranks. But one event might achieve as much for the intersection of those groups — Black women — as any of the best-intentioned initiatives: the emergence of Kamala Harris as vice president of these fractured United States. When Harris ...

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• 27 January

  Auto recovery may be in China’s hands

  

  As the global car industry ramps up pressure on Taiwan to produce more semiconductors, the world would do well to look at the next step in the supply chain, where Chinese factories have the task of assembling those auto electronics they so desperately need. It’s a little simplistic to blame the industry’s woes on an inability by some suppliers to ...

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• 27 January

  Even Swiss bankers are in bubble territory

  For the first time since the financial crisis, UBS Group AG beat all of its targets. Delivering its highest income in a decade — $6.6 billion — the world’s largest wealth manager finally proved it can expand while being as profitable as it has long promised investors. But the asset bubble that’s made the rich even richer is an aberration ...

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• 27 January

  Biden’s climate rule is about to get tougher

  It’s the most important number you’ve never heard of, and President Joe Biden is about to change it as he resets US environmental policy. It’s the social cost of carbon, a figure that helps determine the stringency of federal regulations governing cars, trucks, power plants, refrigerators, microwave ovens, washing machines, vending machines and much more. The social cost of carbon ...

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• 27 January

  Vaccine rollout misses TSA screeners, air-traffic officials

  

  Bloomberg They’re essential workers performing critical safety work and have been assigned priority designation to receive the coronavirus vaccine. Yet tens of thousands of airport security screeners, air-traffic controllers and federal accident investigators who must report to work in spite of the virus ravaging the US haven’t gotten the shot and aren’t sure how and when they will. “It’s incredibly ...

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• 27 January

  Southwest seeks to pare costs with leave offer

  

  Bloomberg Southwest Airlines Co is offering another round of voluntary leave as staffing levels remain too high for a flight schedule hammered by the coronavirus pandemic. Time off for employees accepting the offer begins on March 1, when thousands of workers are set to return from six-month leaves awarded last year, Southwest said. Already, 791 pilots have agreed to take ...

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• 27 January

  Britain to bring in hotel quarantine system for highest-risk travellers

  

  Bloomberg The UK government will introduce a limited hotel quarantine system for passengers arriving from the highest-risk countries, according to a person familiar with the matter. The move is aimed at curbing the spread of new variants of coronavirus that could prove resistant to vaccines, but is expected to apply to arrivals from countries with new forms of the virus, ...

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• 27 January

  HK’s airport authority mulls $1.5b bond sale

  Bloomberg Airport Authority Hong Kong is considering raising as much as $1.5 billion in its second dollar bond offering in two months, according to people familiar with the matter. The airport operator kicked off a series of investor calls on Wednesday for the potential offering, said the people who are not authorised to speak publicly and asked not to be ...

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• 27 January

  Online sales ignite in corners of world late to revolution

  

  Bloomberg Years from now when the pandemic’s impact on global business is analysed, it’s likely that the most lucrative change will be how it pushed—or actually shoved—massive markets into the modern e-commerce era. In many countries, online shopping hadn’t been easy because of underdeveloped infrastructure and the reluctance, or inability, of consumers to use banks and electronic payment. That stalled ...

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