August, 2020

• 19 August

  Enoc partners with Dynamic Fuels to distribute marine lubricants in Spain

  

  Dubai / WAM Enoc group announced a partnership with Dynamic Fuels to become the official distributor of Enoc’s marine lubricants in Spain. The agreement comes as part of the group’s plans to bolster its international presence to cater to the needs of its international customers. Under the agreement, Dynamic Fuels will market and distribute Enoc group’s wide range of marine ...

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• 19 August

  Etihad expands air-rail alliance with AccesRail in Europe

  

  ABU DHABI / WAM Etihad Airways has announced the expansion of its partnership with AccesRail, the world’s leading provider of air-rail intermodal solutions. The partnership allows Etihad to use AccesRail’s expertise to enable its customers to book train and coach tickets in Europe in conjunction with their air fare using airline’s online booking platform, or via their travel agency, the ...

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• 18 August

  Global FDI in developing nations to plunge by up to 50% in 2020

  

  HANNOVER / WAM Global foreign direct investment (FDI) in developing countries in Africa, Asia, and Latin America is projected to plunge by 25 percent to 50 percent in 2020 due to the coronavirus (Covid-19) pandemic, according to the experts. “This will threaten the world’s ability to achieve the 2030 Agenda for Sustainable Development,” leading experts from United Nations Industrial Development ...

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• 18 August

  Tongwei halts output at polysilicon factory in China

  

  Bloomberg Tongwei Co halted output at a polysilicon factory in southwest China because of flooding, the latest blow to the solar supply chain that has seen rare cost increases this summer due to disruptions. Tongwei, the world’s No. 3 polysilicon producer last year, said it isn’t clear when the Sichuan province plant will restart, and didn’t say whether it sustained ...

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• 18 August

  In Belarus it’s ultimately all up to Vladimir Putin

  

  It’s hard to think of anything more ominous than Russian President Vladimir Putin offering you his “assistance” so you can “resolve the problems” that are keeping you busy. But that’s what Putin has just promised to Alexander Lukashenko, the embattled and apparently fading dictator of Belarus. As the post-Soviet state, wedged awkwardly between the European Union and Nato on one ...

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• 18 August

  Virus exposes Spain’s failings again

  

  After the euro-zone crisis, Spain emerged as a sort of model for how the monetary union’s more fragile nations might prosper. The economy expanded steadily as tight labour laws were loosened, and investors flocked to Madrid, pushing its government bond yields well below Italy’s. Subsequently, Spain strengthened its political clout in the European Union, challenging Italy’s position as the third-most ...

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• 18 August

  Trump took nuclear option on Huawei

  A new US edict limiting Huawei Technologies Co’s access to technology is more than just an incremental measure against the Chinese telecommunications giant. It threatens to kill the company, which invites retaliation from Beijing. In May, the administration of President Donald Trump mandated that manufacturers globally couldn’t use American technology to produce chips designed by Huawei. At first, that also ...

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• 18 August

  Britain’s exam fiasco wasn’t just AI’s fault

  When the UK government announced the cancellation of exams to prevent the spread of the coronavirus, there was a collective intake of breath from parents and a giant exhalation from students. These yearly trials usually dominate the beginning of summer for British families with school-age children, who are tested to within an inch of their lives. A-levels — taken at ...

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• 18 August

  Kim stirs suspense with rare meeting on ‘mystery issues’

  

  Bloomberg North Korean leader Kim Jong-un is convening a key ruling party body on Wednesday for the first time in eight months to address a “crucial” mystery issue. He’s got plenty of tricky situations to choose from. The state’s official Korean Central News Agency offered few clues about the gathering of the Central Committee, saying it will “discuss and decide ...

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• 18 August

  Joe Biden gets boost from Michelle Obama

  

  Bloomberg Democrats kicked off their convention with a show of unity and a rallying cry fuelled more by animosity towards Donald Trump than affirmations for their own nominee Joe Biden — enlisting progressives, centrists and even Republicans to paper over differences and oust the incumbent. The debut night, held virtually, put on display the Biden campaign’s desire to make the ...

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