June, 2020

• 22 June

  Sewa completes natural gas network in Rahmaniyah

  

  Sharjah / WAM Sharjah Electricity and Water Authority (Sewa) has completed the implementation of a natural gas network in all areas of Rahmaniyah, with a length of 305 km. This bring the length of the network in the city of Sharjah to 1750 km. Sewa is currently working on implementing a strategic line from the Rahmaniyah station to the Muwailih ...

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• 22 June

  Emirates ready to serve travellers

  

  Emirates Business Emirates welcomes the latest air travel protocols that will facilitate international travel for UAE citizens, residents and tourists, and open Dubai to business and leisure visitors from July 7, while putting in place careful measures to ensure the health and safety of travellers and communities. Emirates has also launched an advertisement to tell the world that Dubai is ...

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• 22 June

  One Million Arab Coders Initiative announces five winners

  

  DUBAI / WAM One Million Arab Coders Initiative (OMAC) led by Dubai Future Foundation (DFF) named the five winning student coders whose projects tackle some of the crucial issues facing today’s societies while bringing value to communities in countries across the Arab world. The five student coders were selected for their project proposals outlining how they would execute their fully ...

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• 22 June

  Norway set to tighten rules for wind turbines

  

  Bloomberg Norway is set to tighten rules for building wind turbines, caving in to massive protests from locals. A government proposal to slow down the development of onshore wind power comes after increasing local resistance mirrors sentiment in other European countries. Norway already decided to scrap a plan for a new permission framework last year. Norway, which has already developed ...

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• 22 June

  Japan’s work culture gets a Covid-19 shock

  

  Japan’s corporate culture is stuck in a bad place. But the coronavirus pandemic might have given it just the nudge it needs to get out of the trap. From the 1960s through the 1980s, the country developed a corporate system that worked well. Managers, rather than shareholders, controlled companies, allowing long-term planning and investment, keeping employment levels high and fostering ...

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• 22 June

  Wirecard and allure of lots of cash

  

  Like all good financial aphorisms, the notion that “profit is an opinion, while cash is a fact” contains a kernel of truth. It’s certainly a lot easier for companies to massage quarterly earnings than it is to lose track of how much cash they have in the bank. Ultimately, investors use projected cash flows to determine what a business is ...

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• 22 June

  China faces a rice bowl dilemma after virus

  Empty supermarket shelves in the early stages of the coronavirus pandemic have put grow-your-own back on the world’s agenda, and nowhere more so than in China, where ensuring food supplies for its huge population has been a political priority for decades. Simply diversifying imports may not satisfy hawkish voices. Emphasizing domestic production, though, will extract a heavy toll for a ...

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• 22 June

  Covid-19 crisis requires action by central banks

  The Covid crisis has required strong and prompt action by central banks consistent with their mandates. In March, disorderly conditions reached the core financial markets, posing a very real threat to the stability of the financial system — by far the most serious threat since the global financial crisis. Underlying this disorder in markets was an economic downturn almost unprecedented ...

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• 22 June

  Final Virgin Australia bids key test for ailing airlines

  

  Bloomberg The final bids for Virgin Australia Holdings Ltd will show how much appetite private investors really have for an airline industry that’s been battered by the coronavirus pandemic. Private equity firms Bain Capital LP and Cyrus Capital Partners LP made final and binding offers for the airline on Monday, administrator Deloitte said in a statement. The Australian carrier collapsed ...

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• 22 June

  US rejects Chinese airlines’ request for additional flights

  

  Bloomberg US officials rejected additional flights proposed by Chinese airlines but said they would reconsider if the Beijing government adjusts its policies affecting American passenger carriers. In a statement, the Transportation Department said it disapproved service schedules submitted by four China-based carriers that currently are allowed to make four combined flights to the US each week, plus additional proposals submitted ...

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