June, 2020

• 14 June

  Dubai records 228% rise in e-commerce complaints in May

  

  Dubai / WAM The Commercial Compliance & Consumer Protection (CCCP) sector in Dubai Economy received 1,404 consumer complaints on the e-commerce sector during May, which was 228% higher than the complaints received in the same period last year (428 complaints). Of the total complaints, 94% were submitted through the smart channels of Dubai Economy, with 64% via the ‘Dubai Consumer’ ...

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• 14 June

  Shale drilling slump worsens as Permian nears record low

  

  Bloomberg Explorers slashed drilling in the world’s biggest shale patch for a 13th straight week as they wrangle with a global pandemic that’s crimping demand for crude and leaving many strapped for cash. The number of active drilling rigs in the Permian Basin of West Texas and New Mexico fell by 4 to 137, just 3 above a record low ...

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• 14 June

  Australia fast-tracks a $1b coal mine

  

  Bloomberg A giant Glencore Plc coal project in Australia has been fast-tracked as the nation turns to its vast natural resources to lift the economy out of its first recession in almost three decades. The A$1.5 billion ($1 billion) Valeria mine in Queensland has been designated a “coordinated project”, which the state said would help to get new jobs happening ...

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• 14 June

  ‘Exxon eyes gas power plants in boost to US trade’

  

  Bloomberg Vietnam said Exxon Mobil Corp is considering investments in the nation’s power sector, a move that would support trade with the US and open a potential new frontier for the upstream-focused oil and gas major. The Texas-based company is weighing stakes in two power plants and the gas import infrastructure to feed them, as well as in the oil ...

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• 14 June

  US foreign policy and the inability to trust

  

  There are at least 104,149 US military personnel who will not be leaving Europe. They rest in military graves, testimony to the cultural affinities and strategic vulnerabilities that produced the NATO trans-Atlantic alliance, now 71 years old. Intelligent, informed, public-spirited people can support the policy of removing by September about one-third of the 34,500 US troops stationed in Germany. Forces ...

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• 14 June

  Volkswagen feud threatens $38b bet

  

  In parts of Germany, Bavarians were once known as “needleheads.” One day, God, angered at the solipsism in the country’s beautiful southernmost state, is supposed to have picked a local up by the head, thus elongating it like a needle, and rotated it. “See,” God said, “there’s more to the world than just Bavaria.” The tale might offer a useful ...

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• 14 June

  Johnson needs plan for reopening UK schools

  Boris Johnson was elected as Britain’s prime minister because he’s a ruthless optimist, yet he has presided over one of the gloomiest periods in the country’s postwar history. If he wants to cheer people up again, he needs a credible plan for reopening the UK’s schools. Release from lockdown is painfully slow here, and the economic recovery is stuttering because ...

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• 14 June

  And black lives matter, wherever they are!

  As protests against racism have gathered global momentum in the wake of George Floyd’s death, it has become clear that US President Donald Trump is not the only leader in the world with a problem. There isn’t a single wealthy Western country that is racism-free. European nations, the US, Australia, Canada: All were founded—or fattened—on the proceeds of either slavery ...

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• 14 June

  Johnson faces fury of Europe’s three biggest airlines in court

  

  Bloomberg It’s not often rival carriers join forces on anything in the competitive aviation industry. But last week, three of Europe’s biggest airlines teamed up to sue the UK government over plans to force visitors to self-isolate for 14 days. British Airways, EasyJet Plc and Ryanair Holdings Plc said they asked for London judges to hear a case against the ...

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• 14 June

  Edgars needs buyers to make binding offers

  

  Bloomberg Edgars needs buyers to make binding offers by the end of June to prevent the start of wind-up proceedings, putting at risk the future of a South African clothing chain that has traded for almost a century. Administrators for parent Edcon Holdings Ltd put the retailer up for sale alongside sister companies Jet and Thank U after measures to ...

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