Day: November 1, 2021

ROME: The G20 major economies have committed to the key goal of limiting global warming to 1.5°Celsius, but some disappointed leaders warned more was needed to make a success of the UN climate talks beginning in Glasgow. British Prime Minister Boris Johnson, the host of the COP26 summit that opened on Sunday, said the pledge … Read more

NEW YORK: Coca Cola announced on Monday that it will acquire full ownership of sports drinks company BodyArmor for $5.6 billion. The beverage giant bought 15 per cent of BodyArmor in 2018, and will continue to operate the firm as a separate business in North America, according to a statement. The company was partly owned … Read more

BEIJING: A Chinese court has given the green light for the $172 billion restructuring of debt-laden conglomerate HNA Group, in a process that could suggest how the authorities will deal with the embattled property giant Evergrande. The group, China’s largest private aviation conglomerate and owner of one of the country’s biggest carriers Hainan Airlines, filed … Read more

DUBAI: Emirates Airline will hold talks with the US aviation giant Boeing over the delayed 777X “before and during” this month’s Dubai Air Show, the company’s chief executive said on Monday. The airline has repeatedly complained about the delivery of the long-haul jet, whose launch has been set back by a series of safety and … Read more

ABOARD AIR FORCE ONE: A top US official lashed out on Monday at China’s ‘confounding’ failure to ‘step up’ on global action to manage the climate crisis. President Joe Biden’s national security adviser Jake Sullivan said that most of the world would mark progress at the COP26 climate summit in Glasgow, thanks to a “real … Read more

ABOARD AIR FORCE ONE: US President Joe Biden has tested negative for Covid-19 in the wake of his chief spokeswoman testing positive, the White House said Monday. The “president was tested as well, a PCR test yesterday, and he tested negative,” Principal Deputy Press Secretary Karine Jean-Pierre told reporters aboard Air Force One, on the way … Read more

LONDON: Britain on Monday warned France it will take action if Paris does not withdraw ‘unreasonable’ threats to impose trade measures in an increasingly acrimonious row over post-Brexit fishing rights. President Emmanuel Macron said that Britain must give ground in the dispute or France will trigger trade reprisals on Tuesday, saying: “The ball is in … Read more

TERMEZ, Uzbekistan: As lorries’ arrive in bursts of dust at a logistics hub in Uzbekistan’s southern city of Termez, squatting drivers share complaints about how trade has suffered since the Taliban seized power next-door. “Before, our journey there and back took three days, now we are there for a week,” said Rafik Khujakov, an Uzbek … Read more