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Etihad Airways starts five summer services

  Abu Dhabi / Gulf Time Etihad Airways, the national airline of the UAE, is launching five seasonal routes this week that connect Abu Dhabi to popular summer hotspots across Europe and the Indian Ocean. Three seasonal services took off on Wednesday morning, connecting Abu Dhabi to Nice on the famous French Côte d’Azur, the historic city of Heraklion on ...

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Kioxia launches ‘ExceLENS Photo Walks’

  Dubai / Gulf Time Kioxia has announced ‘ExceLENS Photo Walks’, an exclusive and unique photography platform for all photography enthusiasts who want to showcase their skill with their camera work. The launch event of ‘ExceLENS Photo Walks’ was attended by the who’s who of the leading photography influencers from across the region. ‘ExceLENS Photo Walks’ aligns with Koixia’s ‘’Preserve ...

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UAE provides labourers with best working conditions

  ABU DHABI / WAM Dr Abdulrahman Al Awar, Minister of Human Resources and Emiratisation, visited one of the construction sites in Abu Dhabi to ensure the optimal implementation of the midday break – a ban on outdoor work between 12:30 and 15:00, which started on Wednesday and will continue until September 15. During his visit, Dr Al Awar stressed ...

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Gas surges in Europe as heat wave clashes with supply cuts

  Bloomberg European natural gas prices jumped as reduced supplies raised concerns about the pace of refilling storage sites in time for next winter, just as a heat wave boosts demand for cooling. Benchmark futures rise as much as 8%, increasing for a third day. A liquefied natural gas export facility in the US — a vital source of supply ...

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Australia’s key power grid halts spot market

Bloomberg Australia’s key power market suspended spot trading as it attempts to ease an electricity crunch that’s been worsened by some plants withholding supply after introduction of price caps. The Australian Energy Market Operator said it was taking action after some generators failed to respond to requests to fire up shuttered units and help add more supply to country’s main ...

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New HSBC breakup plan is deeply unconvincing

Ping An Insurance Co has little chance of winning big backers for its quest to break up HSBC Holdings Plc if the best that can be said for the plan is a lackluster value analysis laid out by a Hong Kong-based consultancy. The Shenzhen-based insurer has been trying for months to convince HSBC that shareholders would value its Asian businesses ...

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Coinbase made some big mistakes

Crypto has long been sold as the tradition-busting future of finance, but its collapse is following a decades-old script. Take Coinbase. The crypto exchange went public at $250 a share in April 2021, when Bitcoin was worth more than $63,000, near its all-time high. Now Bitcoin is flirting with $20,000, and Coinbase is trading at less than $50 a share. ...

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Yen won’t be moved by the ‘90s nostalgia

  With Gen Z bringing back everything from “Friends” to cassette tapes, and Will Smith the most talked-about celebrity of the year, it’s tempting to think everything ‘90s is in right now. In financial markets this week, analogies with 1998 have become ubiquitous as the yen has buckled, increasing speculation Japan will have to intervene to strengthen its currency for ...

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The world can stave off Putin’s food fight

  Russian forces have bombed grain silos and farms and plundered Ukrainian wheat, which US diplomats say Moscow is now trying to sell on. Ukraine’s Black Sea ports are blocked by mines to protect the shoreline from attack by Russia’s navy, which is also bottling up shipments. And yet, if President Vladimir Putin is to be believed, Western selfishness and ...

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3,000 hires stuck in system amid UK travel chaos: BA

Bloomberg British Airways has around 3,000 potential recruits stuck in background checks that are taking up to four months, it said at a parliamentary hearing into the travel chaos gripping UK airlines and airports. Appearing before the House of Commons transport committee Tuesday, executives from BA, EasyJet Plc and TUI AG provided details of staff shortages they say are to ...

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