By Gareth Wilson, award-winning journalist who’s covered South African news for 15 years. He specializes in security issues and has written for several publications globally and nationally. The South African ecotourism industry, globally popular for hunting and wildlife viewing, has been plunged into crisis amid the global shutdown, which can lead to a spike in wildlife poaching and farm attacks. The sudden stop in cash flow […]
Industry
33 posts
In an act of appalling hubris, the oil and gas industry is asking the federal government to loosen enforcement of federal regulations on public lands in response to the coronavirus pandemic. Kathleen Sgamma of the Western Energy Alliance, one of the petroleum industry’s primary lobbying groups, was quoted in EnergyWire as seeking one-year extensions for two-year drilling permits and 10-year federal mineral leases, a change that would allow […]
![Coronavirus and the oil [Cartoon/Arabi21]](https://1buv.com/wp-content/uploads/2020/04/US-shale-industry-draws-plans-to-punish-Saudi-Arabia-in.jpg)
American shale oil companies are calling for a number of measure to reprimand Saudi Arabia including denying the kingdom access to its oil refinery in the US, as part of an aggressive lobbying campaign against Riyadh. The shale industry, which has been hit hard by the Saudi-Russia oil price war, have recruited Rick Perry, according to the Financial Times, in an effort to penalise the two parties at […]
The coronavirus has devastated airlines worldwide even more than the aftermath of 9/11, the International Air Transport Association (IATA) has said, warning that air carriers are set to lose at least $250 billion. “Airlines are desperately trying to survive in the most difficult times imaginable,” said IATA CEO Alexandre de Juniac. “We have the people and the experience to see this through. But, to be perfectly […]
In retrospect we may have been too harsh more than a decade ago when we declared the end of Boaz Weinstein’s investing career back in 2009 in “The Rapid Rise and Blistering Fall Of Boaz Weinstein” following his huge losses incurred at Deutsche Bank (where he worked at the time) during the financial crisis. The reason is that unlike so many of his peers, Boaz actually […]
The cruise industry, which has dodged US taxes and regulations for years by registering their vessels overseas, is in dire need of cash in order to remain afloat – and aren’t confident that they can borrow from any of the existing taxpayer-funded loan programs due to their offshore registrations. Carnival, the largest cruise company in terms of market share, is incorporated in Panama according to Panama’s […]
Society 20:14 GMT 24.03.2020(updated 20:15 GMT 24.03.2020) Get short URL Pornography sets across North America have been asked to voluntarily halt production by an industry body – the Free Speech Coalition (FSC) – which advised the suspension to prevent the spread of COVID-19. In an announcement released by the FSC earlier this month, the industry trade association said: “The voluntary shutdown of all adult entertainment productions […]
We’ve noted in recent weeks that OpenTable has shown a collapse in restaurant traffic across the US and in London. Some five to seven million people working in the US restaurant industry are expected to lose their jobs over the next three months. With restaurants shuttered, except for take-out, as per new social distancing rules, food distributors who regularly supply fruit and vegetables are stuck with tons of unsold produce. […]
DeFi has an open security issue. A team of product designers for ZenGo, a noncustodial wallet company, found an exploit that can drain users’ funds from nearly all dapp wallets. While the security flaw has been known for two years, Ouriel Ohayon, CEO of ZenGo, is sounding the alarm, arguing the flaw poses a risk to users that has not been fully addressed. The security issue, […]
It’s not the just wealthy commercial airline CEOs that have their hands out to the government, begging for bailouts as the coronavirus lockdown ravages their industry, but now also the private jet industry. Yes, the private jet industry – which is run by, and caters almost exclusively to the wealthy – has been the latest pig to line up at the government trough for their share of freshly […]
The impact of border closures, travel restrictions, restaurant closures and more is already wreaking havoc on the US oil industry, and it is likely to get much worse. The SARS CoV2 virus that is behind the COVID-19 pandemic has finally ravaged the United States, and cities and states are reacting to its brutality by shutting stuff down. As the United States continues to increase measures to […]
Fact or Fiction? In order to alleviate the heavy damage the crucial financial sector is facing in the midst of the ongoing Covid-19 outbreak, the United States Congress announced Tuesday that they would be allocating $2 trillion in order to bail out the struggling bailout industry. “The bailout industry is on the brink of failure, so in order to prevent a full-on catastrophe, we are setting […]
British budget airline EasyJet will ground the majority of its fleet, in response to a wave of travel restrictions across Europe. The airline industry as a whole has been pummeled by the global Covid-19 pandemic. In a statement on Friday, the company said that the majority of its 300-plus fleet will be grounded from Tuesday onwards. After finishing up its remaining schedule of rescue and repatriation […]
Qatar has removed exit visa requirements for an additional segment of its foreign labour force, including some of those working in the oil and gas industry, according to official tweets posted on Friday, Reuters reports. Qatar in 2018 eliminated exit visas for many foreign migrant workers. But the reform did not apply to domestic workers, government and public institution staff, the oil and gas sector, and […]
As coronavirus spreads throughout the United States, millions of panicked Americans have been hoarding everything from canned food to absurd amounts of toilet paper. Images of empty store shelves are compounding the situation, as worries over shortages amid a potential quarantine have added to the surge in purchases. According to the nation’s largest retailers, meat producers and dairy farmers however, there’s plenty of food in the […]
Major European airlines are set to axe thousands of jobs and, without bailouts, some are facing collapse as the coronavirus pandemic wreaks havoc on the industry. After weeks of uncertainty in the sector, Saturday brought a raft of bad news for European carriers. The French government said it is not considering a bailout of Air France-KLM at this stage, as the airline struggles for survival amidst […]
The World Travel and Tourism Council (WTTC) said this week that up to 50 million tourism jobs could be lost because of the Covid-19 pandemic as it “presents a significant threat to the industry.” According to WTTC figures, the travel sector could shrink by up to 25 percent this year. On a positive note, the council’s Chief Executive Gloria Guevara said that “Travel and tourism has […]
Off the shores of Thailand, a seafood industry flourishes and feeds the multi-billion-dollar global appetite for tuna, prawns, and squid. But in the ground zero of the global supply chain for seafood, exploitation and debt-bondage are standard workplace practices. The men who work the boats are in the main Burmese and Cambodian nationals driven from their homelands by poverty and attracted by the promise of a […]
The 2020 E3 games industry expo was cancelled on Wednesday over “overwhelming” coronavirus fears. The expo, which was due to take place in Los Angeles this June, is a major annual games industry expo where upcoming games are announced and demonstrated. “After careful consultation with our member companies regarding the health and safety of everyone in our industry – our fans, our employees, our exhibitors, and […]
We’ve explained that economic paralysis in China started in early February and continues to this day. Alternative data first showed us the incoming economic crash developing in early February, only to be confirmed weeks later. Twin shocks plague the Chinese economy, which is a supply shock with manufacturers operating at less than full capacity, along with a demand shock, where consumers have been confined to their homes in forced quarantine, […]
Business 08:15 GMT 09.03.2020Get short URL MOSCOW (Sputnik) – At 04:41 GMT, the price of May futures for the Brent Crude oil dropped by 28.69 percent — to $32.28 per barrel. The value of April futures for WTI crude oil decreased by 31.35 percent to $28.33 per barrel. The fall in oil prices to almost $30 per barrel in the wake of OPEC oil producers’ failure […]
Car sales in China fell 80% YoY in February, the sharpest monthly decline in nearly two decades amid the Covid-19 epidemic kept consumers away from dealerships, according to the China Passenger Car Association (CPCA). The outbreak of the virus has had a significant impact on China’s automobile industry as it has been cycling down for the last two years. Global automakers have been pouring money into […]
Acting Homeland Security Secretary Chad Wolf said last week that there’s no decision yet to raise the cap on the H-2B visa program for seasonal workers, and this could complicate things for Maryland’s seafood industry heading into crab season. There are at least nine crab picking houses scattered in Dorchester County, Maryland, which produce about 95% of the state’s crab meat. Many operators are now warning […]
Turkey has been boosting its military cooperation with Pakistan over the last two years, Turkish officials said. Pakistan and NATO member, Turkey, want to enhance bilateral defence cooperation, said the general manager of STM, Murat Ikinci, a leading Turkish defence firm operating under the country’s Defence Ministry. “The Pakistan-Turkey Military Consultative Group was established in 1988 aiming to strengthen military relations between the two countries. However, […]