September, 2020

• 26 September

  Abu Dhabi-Korea Healthcare Week to be held in October

  

  ABU DHABI / WAM Mohamed Helal Al Mheiri, Director-General of the Abu Dhabi Chamber of Commerce and Industry, signed a Memorandum of Understanding with Jeong Sun Kyun, Mayor of Gangnam District, South Korea, to develop their strategic partnerships, expand their trade channels, and increase cultural and tourism exchange through the strategic representative office of the Chamber in Gangnam District. The ...

  Read More »
• 26 September

  Dewa receives 10 local, international awards in 2020

  

  Dubai / WAM Dubai Electricity and Water Authority (Dewa) announced that it has received 10 local and international prestigious awards in 2020 so far. Saeed Mohammed Al Tayer, MD & CEO of Dewa, said that Dewa’s success is a result of the visionary leadership who wanted the UAE to be number one globally in all areas. He added that Dewa’s ...

  Read More »
• 26 September

  BP hits 25-year low a week after climate strategy

  

  Bloomberg Just a week after revealing its plan to turn itself into a clean-energy giant, BP Plc watched its share price drop to a 25-year low. Chief Executive Officer Bernard Looney and his new management team gave more than 10 hours of presentations over three days last week, in a bid to show the world that the oil and gas ...

  Read More »
• 26 September

  Topaz set to test Canada energy appetite with IPO

  

  Bloomberg Tourmaline Oil Corp is betting investors have an appetite for more Canadian energy stocks, offering up the biggest initial share sale to come out of Alberta’s oil patch in three years. The Calgary-based natural gas driller is creating a new royalty and energy infrastructure company through an initial public offering of Topaz Energy Corp, with the new entity and ...

  Read More »
• 26 September

  Trump’s democracy threat scares economy

  

  It’s still possible the November election will go off without a hitch and be settled the way most elections are settled — by simply counting the votes, assigning electors based on statewide majorities and letting the constitutional rules decide who won. But this outcome is looking less likely by the day. It’s an open question what effect a contested election ...

  Read More »
• 26 September

  Harley-Davidson riding out of India

  

  Harley-Davidson Inc is riding out of India. That’s as much of a problem for the American motorcycle icon as for one of the largest two-wheeler markets looking to make its mark globally. Harley said in a regulatory filing that it was discontinuing sales and manufacturing operations in the world’s second most populous country as part of its company-wide restructuring, or ...

  Read More »
• 26 September

  Work-from-home back as a pandemic lifeline

  Working from home, once jokingly dismissed as “shirking” from home, is back as a pandemic lifeline for economies amid a resurgence of Covid-19 cases in Europe. Governments in Britain and France, having goaded workers back to the office after lockdown, are now urging them home again. The sound of frustrated bosses gritting their teeth can be heard across the City ...

  Read More »
• 26 September

  India needs to copy China better on SEZs

  If India only reforms when under pressure, then now should be a moment for big changes: Gross domestic product contracted nearly 24% in the second quarter, more than any other large economy; tens of millions have lost jobs in the formal and informal sectors; and the country is adding over 85,000 confirmed coronavirus cases each day. There’s an obvious place ...

  Read More »
• 26 September

  Japan’s Suga makes fresh pitch for meeting with Kim

  

  Bloomberg Japanese PM Yoshihide Suga declared his willingness to meet North Korea’s Kim Jong-un without preconditions, affirming the policy of his predecessor in his debut speech to the UN. Japan would seek to normalise ties with North Korea by resolving nuclear weapons and missile issues, as well as the past abductions of Japanese citizens, Suga told the General Assembly, in ...

  Read More »
• 26 September

  15 killed in gun attack in western Ethiopia

  

  Bloomberg An attack by unidentified gunmen in Ethiopia’s western Benishangul-Gumuz region left at least 15 people dead, including four women, in the third such raid this month, according to the Ethiopian Human Rights Commission. “Civilians are being subjected to repeated attacks with unmitigated cruelty in Benishangul-Gumuz,” Daniel Bekele, the chief commissioner said in an emailed statement. “Federal and regional authorities ...

  Read More »