May, 2020

• 12 May

  Etihad harnesses CSR initiatives to help combat Covid-19

  

  ABU DHABI / Emirates Business Etihad Airways, the national airline of the UAE, has amplified its corporate social responsibility (CSR) initiatives to support those affected by the novel coronavirus (Covid-19). The airline has highlighted the development of face shields for medical staff in a new video released on Tuesday to mark Zayed Humanitarian Day at: https://youtu.be/O1ZbHaQCjzw In an effort to ...

  Read More »
• 12 May

  ECI, Adex join hands to help UAE exporters overcome challenges

  

  ABU DHABI / WAM Etihad Credit Insurance (ECI) and Abu Dhabi Exports Office (Adex) on Tuesday announced a strategic alliance to help UAE exporters overcome the most pressing challenges they face in the current economic climate. Adex and ECI will combine their highly complementary suite of financial and insurance products and services to bring to UAE businesses a full range ...

  Read More »
• 12 May

  Shale drillers reopen wells, says pipe giant

  

  Bloomberg Some drillers in the biggest North American oil field are reopening wells shut in response to the pandemic-driven price collapse, according to pipeline giant Energy Transfer LP. In the Permian Basin’s Midland region, about 8% of oil volumes that feed Energy Transfer’s pipe network had been shut at the start of the month, Mackie McCrea, the company’s chief commercial ...

  Read More »
• 12 May

  Covid-19: Fuel consumption in India shows signs of rebounding

  

  Bloomberg Fuel consumption in India is showing signs of rebounding after witnessing the worst monthly sales in more than 12 years. Demand in May will be as much as 25% higher than April as planting season begins, requiring tractors and water pumps to burn more diesel, and the easing of the world’s biggest lockdown brings more trucks back to the ...

  Read More »
• 12 May

  Now, the US national debt is out of control

  

  The US Treasury is planning to borrow almost $3 trillion during the second quarter (April to June) of 2020, a figure astounding in its size and implications. About $800 billion of that sum is designated as a financial reserve. If you were told that some or all of this reserve would be deployed by President Trump to win key voting ...

  Read More »
• 12 May

  Do students need half-time school?

  

  The shutdown of America’s high schools has deprived millions of students of rites we previously took for granted. Coursework can be transferred online to some degree, but no virtual environment can replace football games, choir concerts, musicals and so much more that’s part of the American high school experience. We may continue to yearn for such things well into the ...

  Read More »
• 12 May

  To restart business, protect your workers

  States that are reopening their economies even as cases of Covid-19 are still rising are threatening their own residents and the whole country. But they are also running into two challenges that all states will face: Employees don’t want to return to work if they fear exposure to coronavirus on the job, and employers don’t want to get sued if ...

  Read More »
• 12 May

  Covid-19 doesn’t care about the data points

  In nations around the world, the epidemiological number now getting all the attention is R, the effective reproduction number, which reflects the average number of new coronavirus cases resulting from a single infection. Germany estimates its R is now around 0.9, meaning the epidemic is waning there, if slowly. Estimates from two weeks ago in the US put R in ...

  Read More »
• 12 May

  India’s economy may contract 0.4% in 2021

  

  Bloomberg Economists are forecasting the Indian economy to shrink 0.4% in the year to March as a result of steps to contain the coronavirus pandemic, according to the latest survey by Bloomberg News. The forecast has been slashed thrice since February and represents a sharp cut from the 1.7% expansion seen in April, according to the median of 19 economists ...

  Read More »
• 12 May

  China is exempting foreign executives from travel ban

  

  Bloomberg China is allowing executives from some foreign companies to enter the country despite a coronavirus travel ban as it seeks to restart the economy, according to people familiar with the matter. The Ministry of Commerce told some key foreign companies they can apply for exemptions to the entry ban if they want to get executives back into China, the ...

  Read More »