June, 2020

• 25 June

  Emirates boosts cargo capacity with aircraft modifications

  Dubai / Emirates Business Emirates introduced additional cargo capacity by using Boeing 777-300ER aircraft with seats removed from the Economy Class cabin. The measure has been introduced in response to the strong air cargo market demand for the rapid, reliable and efficient transportation of essential commodities such as Personal Protective Equipment (PPE), pharmaceuticals, medical equipment, food, machinery and other supplies ...

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• 25 June

  Ukraine unlikely beneficiary of Europe’s natural gas glut

  

  Bloomberg European natural gas traders are storing more gas than ever in Ukraine as sites closer to home are rapidly filling up. Storage sites on the continent, ranging from old salt caverns to huge overground tanks, are fuller-than-normal after two mild winters and the plunge in demand caused by the pandemic. The unprecedented glut means prices are languishing near record ...

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• 25 June

  Spain’s Iberdrola scraps $1.2bn power project

  

  Bloomberg Spain’s Iberdrola SA is canceling a project in Mexico to build a $1.2 billion combined-cycle plant because it can’t secure a supply of natural gas, according to Mexican officials. The mayor of Tuxpan, Juan Antonio Aguilar, said in an interview that representatives of Iberdrola told him that it’s scrapping the project in his city because in nine months it ...

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• 25 June

  Oil firms shutting off rigs across US shale

  Bloomberg Oil exploration shrank for a 14th straight week in US fields amid weak crude prices and skepticism about a recovery in energy demand. Drillers idled 10 oil rigs in onshore US fields this week, bringing the total to 189, according to data released by Baker Hughes Co. Despite this week’s rise in crude prices to a three-month high around ...

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• 25 June

  Europe’s coal heartland hottest market for renewable power

  

  Bloomberg As Europe prepares a multi-billion-dollar blitz to cut greenhouse gas emissions, a race is on to cash in on the green transformation of the nation with the region’s most polluting power plant. Poland, which currently relies on coal for more than 70% of its electricity generation, is stepping up efforts to replace the dirty fuel with renewable energy. As ...

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• 25 June

  California’s ‘secret’ is threatening its climate

  

  Bloomberg In a parched and dusty patch of land in California’s central valley, a series of wells has been pumping out some of the state’s dirtiest crude oil. Almost a century after the Chico-Martinez oilfield was first opened about 145 miles north of Los Angeles, it is still producing heavy crude. But to do it, drillers have turned to techniques ...

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• 25 June

  South Africa mulls selling ‘green bond’

  Bloomberg South Africa’s government is considering selling a green infrastructure bond worth tens of billions of rand as part of its biggest drive ever to kickstart private investment in projects ranging from energy to water reticulation. The proposed instrument is one of several mechanisms the country could use to raise finance for projects worth as much as $86 billion over ...

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• 25 June

  The agonising sports withdrawal of 2020

  

  Medicalising unpleasant character traits or bad behaviors by blaming them on “addictions” worsens the modern tendency to minimise individual responsibility. However, about your sports addiction… Imagine your brain on sports. It is not a pretty picture. The most wondrous thing in the universe is the human brain, and for decades yours has devoted much (most, to be honest) of its ...

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• 25 June

  Qantas may benefit from Covid-19

  

  You might not have thought it three months ago, when the spread of Covid-19 forced Qantas Airways Ltd to halt international flights and drove its shares to their biggest percentage drop in eight years. But a global pandemic could wind up being good news for the company. Australia’s dominant airline is now something close to a monopoly player. Virgin Australia ...

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• 25 June

  ‘Smart lockdowns’ are the future in Europe

  European Union countries are experimenting with new ways of dealing with the coronavirus. Germany, Portugal and Italy have all enforced selective or “smart” lockdowns, shutting down smaller regions in response to new outbreaks as opposed to bringing their entire countries to a halt. This approach is the only hope of returning to a more normal life as we wait for ...

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