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Emirates crowned World Class Airline

Dubai / WAM Emirates has been named World Class Airline at The Apex Official Airline Ratings awards, becoming one of the first airlines to be recognised in this new award category that stands at the pinnacle of all Apex Passenger Choice awards. In addition, Emirates was renewed as a Five Star Airline by Apex, and clinched its fourth Apex Passenger ...

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SCCI organises Sharjah-India business forum

SHARJAH / WAM The Sharjah Chamber of Commerce and Industry (SCCI) stressed the importance of strengthening economic relations between the emirate of Sharjah and the Republic of India, by highlighting the available investment opportunities and the facilities and incentives offered by both sides in various vital sectors. This came during the Sharjah-India Business Forum organised by the SCCI on the ...

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If Tesla has got troubles, everyone should worry

Tesla Inc so far has managed to deftly navigate the supply chain crisis and US–China trade tensions that have hamstrung manufacturers globally. The EV maker’s latest worries show it’s about to get tougher for companies that hoped the worst was behind them. Joining a host of other auto suppliers looking for tariff exclusions on various parts, Elon Musk’s company submitted ...

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When innovation grows from imitation

You probably know him as that stern, cult-leader-ish face staring from billboards on multiple continents, clad in wire-rimmed glasses and a starched button-up shirt, like some Steve Jobs of the sleep industry. Contrary to the haunt-your-dreams imagery, De Rucci guy isn’t the obsessively controlling scion of a long line of Milanese upholsterers. Instead, according to the state-run China Daily newspaper, ...

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Singapore wants to lead on cryptocurrency

Singapore may have set its sights on becoming the world’s cryptocurrency capital. But its “buyer beware” approach to trading in risky digital assets doesn’t mean anything goes. A coin that works as a pension plan for BTS, the world’s most-famous K-pop group, is perhaps beyond the pale. The Monetary Authority of Singapore (MAS), which had earlier allowed Bitget, a popular ...

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ESG defies Wall Street’s efforts to package it well

Wall Street is trying to bottle ESG, but ESG has other ideas. Mutual funds and exchange-traded funds based on environmental, social and governance attributes have gathered a lot of money recently. They took in $51 billion in 2020, $3 billion more than during the previous 11 years combined, according to Morningstar. This year’s flows are even bigger, $56 billion through ...

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Biden-Putin call gets underway with tensions high over Ukraine

Bloomberg President Joe Biden began a high-stakes call with Russian President Vladimir Putin, according to reports from Interfax and Tass, seeking to ease tensions that have spiked over Russia’s massing of troops along the border with Ukraine and fears of a possible invasion. Putin and Biden began their video call around 10 am Washington time on Tuesday, according to the ...

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Malaysia court dismisses Najib’s plea, SRC verdict

Bloomberg Malaysia’s court dismissed former leader Najib Razak’s application to add new evidence in the first of his 1MDB-linked trials, and maintained that the verdict on his appeal would be delivered on Wednesday. Najib was convicted last year of money laundering, corruption and criminal breach of trust over 42 million ringgit ($10 million) of funds belonging to SRC International, a ...

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Ireland braces for weather bomb with Storm Barra

Bloomberg Ireland braced for a weather bomb, with Storm Barra’s violent winds and rain slamming the country through Wednesday. The Irish Meteorological Service issued a red wind warning for three counties in the west and south of the country, with people advised to shelter indoors and some transport and health services suspended. At least 12,000 homes and businesses had lost ...

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Whistle-blower says UK wasted time during Kabul airlift

Bloomberg A whistle-blower who worked on the UK’s response to the Afghanistan crisis has laid bare what the young diplomat says were serious shortcomings in how then-Foreign Secretary Dominic Raab — and even the ministry itself — handled the evacuation of vulnerable people from Kabul. Raphael Marshall, a junior officer in the British foreign service, told a parliamentary committee that ...

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