December, 2019

• 10 December

  Count on Fed to take control of yield curve

  

  Given the proximity to the effective lower bound for interest rates, the Federal Reserve is looking to bolster its policy arsenal ahead of the next recession. Watch for the “bond traders’ nightmare” of adding yield curve control to the Fed’s toolkit to rise to the top of the list as the policy review draws closer to an end. Policy makers ...

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• 10 December

  Facebook just can’t seem to beat the Russians

  

  Social-media companies insist they’re making progress in fighting the manipulation of their platforms. But two researchers, working on an extremely modest budget, have just shown that their defenses are routinely bypassed by an entire manipulation industry, largely based in Russia. In a report for Nato’s Strategic Communications Center of Excellence, Sebastian Bay and Rolf Fredheim described an experiment they ran ...

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• 10 December

  Airbus soars ahead Boeing amid 737 Max uncertainty

  

  Bloomberg Shares of Airbus SE handily pulled ahead of rival Boeing Co. this year after a pair of fatal 737 Max plane crashes led to the grounding of the US model’s entire fleet. Airbus is poised to finish the year ahead of Boeing for the first time since 2015, with an increase of roughly 50% since the start of January, ...

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• 10 December

  Emirates cabin crew named world’s best

  

  DUBAI / Emirates Business Emirates cabin crew has been named World’s Leading Cabin Crew 2019 at the World Travel Awards (WTA) Grand Final Gala Ceremony. The event marked the culmination of the WTA’s annual search for the finest travel and tourism organisations in the world, where winners of its six regional ceremonies compete for the coveted world titles. Emirates also ...

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• 10 December

  Boeing tries to win over pilots, attendants with 737 Max pitch

  

  Bloomberg Boeing Co. executives met this week with pilots, flight attendants and industry consultants to build confidence in changes to the 737 Max jetliner, which has been grounded since March after two fatal crashes. The planemaker said it’s confident that finalised software updates will win regulatory approval, said John Goglia, a former US safety official and airline mechanic who attended ...

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• 10 December

  South Africa Airways rescue chief faces long to-do list

  

  Bloomberg South Africa’s government has hired a veteran business-rescue specialist to take charge of the state-owned airline in a renewed attempt to restore it to financial health and remove a burden on the nation’s finances. Les Matuson and his team at Johannesburg-based Matuson & Associates will get 4 billion rand ($273 million) in working capital from creditors and the government ...

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• 9 December

  World is witnessing a new phase of transformations: Mohammed

  Dubai / WAM The 12th Arab Strategy Forum (ASF 2019), held under the patronage of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, on Monday outlined a comprehensive list of the greatest challenges and opportunities facing the region and the world over the next decade in the run-up ...

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• 9 December

  Oil slips as trade deal impact counters surprise Saudi cut

  

  Bloomberg Oil fell from the highest close in almost 12 weeks as the effects of the US-China trade war countered Saudi Arabia’s surprise move to take additional crude barrels out of the market. Futures in New York slipped 1.1% after climbing 1.3% on December 6. The kingdom voluntarily pledged to pump 400,000 barrels a day less than mandated by Opec ...

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• 9 December

  Abu Dhabi banks 6-month profit hits record AED15b

  ABU DHABI / WAM The net income of commercial and Islamic banks operating in Abu Dhabi amounted to around AED15 billion during the first half of 2019, representing 58 percent of total net income in 2018, according to the latest statistics released by the Statistics Centre – Abu Dhabi (SCAD). The banking sector in Abu Dhabi and the UAE, in ...

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• 9 December

  Anti-Muslim citizenship bill sparks protests in India

  

  Bloomberg India’s parliament is set to approve legislation preventing Muslim migrants from neighbouring countries from receiving citizenship — the next step in Prime Minister Narendra Modi’s hardline Hindu nationalist program and one that’s seen to go against the nation’s secular constitution. The controversial citizenship bill has sparked protests and fear around India, with lawyers working overtime to help millions at ...

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