Category: Spirethoughts

Airlines caught in Covid turbulence

The International Air Transport Association (IATA) estimates that the number of flights worldwide went down by 80% compared to the same period in 2019. While aircrafts are grounded, fixed costs continue to run, burning into airlines’ cash reserves.

M&A during Covid-19

Covid-19 has brought changes and delays to many Merger & Acquisition (M&A) time-lines. Many buyers want to review supply chain risk in the weak economic environment.

Oil markets drowning in glut as storage dwindles

Covid-19’s impact on oil market prices has been brutal. More than three-quarters of the world’s oil storage capacity (76%) is already full, spiking the rental costs of storage facilities.

Cheaper and cleaner alternatives to coal electricity

Not only will wind and solar plants be cheaper to build than running existing coal-fired power stations, it is expected that renewable power would cost less than electricity from existing coal plants by 2030.

EU offers more market access to Vietnam

EU lawmakers voted to open its market wider to the ASEAN country in a deal that will eliminate 99% of tariffs on Vietnamese goods, with a transition period of up to 10 years on some imports.