Business News
Italy’s plan for stimulus funds bucks the EU’s ‘go green’ vision
The EU is billing its 750 billion euro (US$903 billion) Recovery Fund as the opportunity of the century to transform the region’s economy and help it lead the world in reducing carbon emissions.However, a closer look by environmentalists at the spending plan prepared by Italy — the biggest recipient of…
Italy Minister Says Recovery Plan Hinges on Private Sector Boost
Italy’s plan to kick-start its economy using grants and loans from the European Union’s recovery fund won’t be successful without significant buy-in from private investors, Infrastructure and Mobility Minister Enrico Giovannini warned in an interview.“Everyone is talking just about public funds, but that’s a distorted view,” the minister said. In…
Indonesia, the puzzle of nickel’s competing narratives
The global nickel market recorded a supply-demand surplus of 108,000 tonnes last year and is on track to record another 45,000-tonne surplus this year, the International Nickel Study Group (INSG) found.Most analysts seem to agree. Reuters’ quarterly poll, out on Thursday, showed a median forecast that refined nickel supply will…
New Indonesian low-cost carrier Super Air Jet to focus on millennial travellers
INDONESIAN low-cost start-up airline Super Air Jet aims to begin flying soon with a business model focused on tech-obsessed millennials with a propensity to travel, the carrier's chief executive, Ari Azhari, said on Monday.Industry sources said the airline has links to Indonesia's biggest airline group, Lion Air Group, though the…
