Emirates to restore full employee salaries from October
DUBAI, Sept 06 (AN): Emirates airline will start paying its employees' full salaries from October, over six months after slashing pay when the Dubai carrier had to suspend flights as the coronavirus pandemic prompted a closure of international borders.At least two Emirates employees told UAE national daily Gulf News that...
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Chinese co to run Laos electric grid amid default warnings
BEIJING, Sept 06 (Reuters): The poor, small Southeast Asian country of Laos is set to cede majority control of its electric grid to a Chinese company, as it struggles to stave off a potential debt default, people with direct knowledge of the agreement said.The deal comes at a time when...
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California grid operator warns of rotating power outages in record heat wave
CALIFORNIA, Sept 06 (Reuters): The California Independent System Operator (ISO) declared a "Stage 2" power emergency late on Saturday, warning that rotating power outages were possible amid a record heat wave.A Stage 2 power emergency means the ISO has taken all mitigating actions but can no longer provide its expected...
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Falling oil prices revive concerns about the slow pace of recovery
DUBAI, Sept 06 (Arab News): Oil prices retreated after last week's rebound as Brent dropped to $42.66 per barrel and WTI weakened to $39.77 per barrel, dipping below the $40 barrier for the first time since June.A weak outlook for global oil demand has revived concerns about the slow pace...
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Philippine Central bank to begin gold trading
MANILA, Sept 06 (Reuters): The Philippine central bank will shift from passively holding gold to actively trading the precious metal with the aim of keeping it at around 10 per cent of total international reserves, its governor said on Saturday.The Philippine's reserves totalled $98.6 billion as of the end of...
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Polish coal demand likely to fall by 7.0m tonnes next year
WARSAW, Sept 06 (Reuters): Poland's demand for coal is expected to fall by around 7.0 million tonnes next year, or more than 10 per cent of annual hard coal production, after a drop in demand for electricity, Deputy Minister of State Assets Artur Sobon said on Friday.Poland generates most of...
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