November, 2020

• 1 November

  Deal signed to support, modernise Arabic language education in UAE

  

  Abu Dhabi / WAM The Arabic Language Centre, a subsidiary of the Department of Culture and Tourism – Abu Dhabi, has announced the signing of a Memorandum of Understanding with Alef Education to commence cooperation between the parties in the field of Arabic language education modernisation and support. The MoU establishes a framework focused on utilising modern technologies, data analysis, ...

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• 1 November

  1,240 people participate in MoCD remote workshops

  

  Dubai / WAM The Ministry of Community Development (MoCD) in partnership with Next 50 Year Preparation Committee completed 70 workshops for more than 1,240 people who participated in specialised development workshops held remotely under the title “Non-Benefit Public Dialogue”. The workshops were organised by the Non-Benefit Public Associations and the supervision of the MoCD in partnership with the “designing next ...

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• 1 November

  Global Village breaks first of 25 world record titles

  

  Dubai / WAM Global Village, the UAE and wider region’s leading multicultural family destination for culture, shopping, and entertainment, broke a new Guinness World Records title for the Most videos in a music medley video during last night’s Global Gig, the biggest virtual rock concert in history – and aims to break 24 more to honour the Silver Jubilee anniversary. ...

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• 1 November

  What are the odds of a disputed US election?

  

  As Election Day nears, the possibility of a disputed presidential election is worrying a lot of people. You’ve heard the scenarios: An embittered Donald Trump loses but refuses to leave the Oval Office. An embittered Joe Biden loses but refuses to concede. Absentee ballots that arrive after November 3 aren’t counted. Or they are counted. The angry left takes to ...

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• 1 November

  Coronavirus world is undernourished

  

  Bumper harvests and healthy stockpiles coming into 2020 have helped the world dodge the worst of food-security worries triggered by the Covid-19 pandemic. Staples have been plentiful enough — and oil cheap enough — to avoid a repeat of the 2007-2008 crisis, and supply lines have held. Nutrition has suffered anyway. That’s the result of migrant labourers being kept home, ...

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• 1 November

  Foreclosures likely to follow housing boom

  The housing market is booming. Is this another indication that the recovery from the Pandemic Recession is complete for the rich, while low-income households are left behind? No, it isn’t. It’s primarily driven by the usual suspects in any market: supply and demand. But serious challenges are looming for low-income homeowners. Expect a wave of foreclosures in 2021. A slew ...

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• 1 November

  Trump’s economy was better than Obama’s

  Joe Biden has argued that President Donald Trump didn’t so much build a strong economy as inherit one. It’s good line — but it ignores the successes, at least before the pandemic, of Trump’s unconventional policy. If Biden is elected president, he should continue Trump’s economic approach rather than returning to Barack Obama’s. Between December 2009 and December 2016, the ...

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• 1 November

  Boeing to slash 7,000 more jobs as hopes for ‘cash’ fade

  

  Bloomberg Boeing Co is almost doubling its planned job cuts as the coronavirus pandemic and prolonged grounding of the 737 Max jet dim prospects for a financial recovery next year. With the outlook for aircraft sales still uncertain, executives abandoned a forecast that Boeing would stop burning cash next year and said they would eliminate an additional 7,000 jobs. That ...

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• 1 November

  Dutch reject KLM cost-cutting plan linked to $4 billion bailout

  

  Bloomberg The Netherlands has rejected a cost-cutting plan put forth by Air France-KLM’s Dutch arm and withheld a portion of a $4 billion government bailout until it approves the restructuring plan. The Dutch government won’t grant a second tranche of state aid because pilot union VNV rejected a pay cut, Finance Minister Wopke Hoekstra and Infrastructure and Water Management Minister ...

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• 1 November

  IAG sees oil-hedging losses widen to $1.9b

  

  Bloomberg IAG SA, owner of British Airways, said it is conducting a review of hedging policy after the coronavirus pandemic sparked a mammoth loss on oil derivatives contracts. The company uses such contracts to try and limit its fuel bill — usually the single biggest expense for airlines — but lost 1.6 billion euros ($1.9 billion) as a result of ...

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