Abu Dhabi / WAM Adnoc Distribution, the UAE’s largest fuel and convenience retailer, further demonstrates its commitment to its growth strategy by establishing an exclusive partnership with Cars Taxi. The five-year deal sees Adnoc Distribution as only supplier of fuel and lubricants for Cars Taxi’s 3,000-plus strong fleet in UAE. The contract will supply all Cars Taxi vehicles with ...

    Dubai / WAM Saeed Mohammed Al Tayer, Vice Chairman of the Dubai Supreme Council of Energy, has announced that Dubai reduced its carbon emissions by 33% in 2020, exceeding the target of the Dubai Carbon Abatement Strategy 2021 by more than double. The Dubai Carbon Abatement Strategy aims to reduce carbon emissions by 16% by 2021. This new ...

  From container-ship pileups at West Coast ports to the Ever Given’s viral weeklong blockage of the Suez Canal to shortages ranging from the quirky (cream cheese) to the catastrophic (semiconductors), the supply chain has never been as top of mind as it was in 2021. Case in point: The best-performing industrial stock on the S&P 500 was Old Dominion ...

  It’s mid-December, time for my annual dispatches from the Christmas wars: Let’s start with the latest on a holiday battle that’s been going on for six years. I haven’t yet seen “Twas the Fight Before Christmas,” the documentary by the director Becky Read, but I’m looking forward to watching it. The film, now streaming on Apple TV+, chronicles the ...

  Forget the debate over how scared we should be of omicron. What matters is putting our energy into solutions that work — taking action that matters on a personal level and demanding effective actions from world leaders. Scientists are already scrambling to learn how well our existing vaccines will work against this new coronavirus variant. That can help predict ...

  Elliott Management Corp is a master at forcing companies to do something about the gap between a lowly share price and their value on paper. But the activist hedge fund’s campaign targeting UK utility SSE Plc runs up against an awkward reality: Stock markets don’t always obey spreadsheets. SSE is a fiendishly complicated firm with a simple problem. It ...

  Bloomberg PT Garuda Indonesia is entering a court-supervised debt restructuring process after a Jakarta court accepted a debt petition filed against the airline in a test of how far Indonesia’s government will go to rescue a state-owned company. Garuda amassed $9.8 billion in debt and judges in the Central Jakarta Commercial Court accepted a petition to suspend debt payments ...

    Bloomberg Indian regulators are investigating a Boeing Co 737 Max incident, operated by SpiceJet Ltd, which caused the plane to turn back to Mumbai shortly after departing for Kolkata and its pilots to shut down an engine due to a technical issue. While the plane landed safely and nobody was injured, the incident is sensitive as it involved ...

    Bloomberg The union for American Airlines Group Inc pilots said the carrier will violate its contract by scheduling “graveyard shift” flight simulator training sessions as it works to ready 440 pilots being added this year. American detailed plans for the sessions, which would begin after midnight, in a message to pilots, saying the temporary measure starting in January ...

  Bloomberg Boeing Co has promoted supply-chain chief Elizabeth Lund to oversee production of its commercial jetliner programs, including efforts to bolster manufacturing quality and resolve production lapses that have halted 787 Dreamliner deliveries. She succeeds Mark Jenks as senior vice-president and general manager of airplane programs. The move is effective immediately, Stan Deal, chief executive officer of Boeing’s commercial ...