Admin

Nato must mend its rift with Russia — with conditions

For many Americans, the news that Russia was severing relations with the North Atlantic Treaty Organization (Nato) may have been a surprise only in the sense that few would have suspected such relations ever existed. Yet since 2002 there has been a Nato-Russia Council to help avoid conflict and address shared concerns. Restoring that partnership would be in the interests ...

Read More »

Sharjah, France explore avenues of cooperation

SHARJAH / WAM Sheikh Fahim Al Qasimi, Chairman of the Department of Government Relations (DGR) in Sharjah, welcomed a French delegation headed by Nathalie Kennedy, Consul-General of the French Republic in Dubai, to discuss the potential of strengthening collaboration between Sharjah and the French capital in vital sectors, including culture, education, and tourism. At a meeting, held in presence of ...

Read More »

Is Meta’s mediocrity the message?

Facebook Inc, you may have heard, has changed its name to Meta. Setting aside, briefly, the vital debate on Facebook Inc’s myriad evils, and focusing specifically on the name and brand, there are some elements of note. Given there is no “good” name for a “bad” company — and that nothing Mark Zuckerberg might do could ever win the internet ...

Read More »

Singapore is rewriting rules for global cities

Citigroup Inc, HSBC Holdings Plc, UBS Group AG: Global capital’s gleaming logos dominate the night skyline of Singapore’s central business district. They don’t have the vista from a balcony at the Marina Bay Sands hotel to themselves, however. Nestled among them, competing for eyeballs, is a tower bearing the logo of the National Trades Union Congress. Local lenders and property ...

Read More »

Is abandoning N-power Europe’s big mistake?

Until 2011, Paul Bossens was an entrepreneur quietly running a small IT business in Leuven, not far from the Belgian capital of Brussels. Aside from an interest in the environment — he’s an enthusiast for electric cars who delights in his shiny gull-wing Tesla Model X — Bossens, 68, wouldn’t have called himself politically committed. “I was never really one ...

Read More »

Air France-KLM sees annual profit on transatlantic revival

Bloomberg Air France-KLM expects a return to profitability for the full year and is adding transatlantic seats as an easing of travel rules revives prospects for the struggling carrier. The shares jumped after the airline group reported positive free cash flow in the third quarter and said it’s offering 70% to 75% of 2019 network capacity during the final three ...

Read More »

Skechers mulls strategic options for its Asia arm

Bloomberg Skechers USA Inc is considering strategic options for its Asia business, people with knowledge of the matter said. The Manhattan Beach, California-based shoemaker has held preliminary talks with advisers to evaluate possibilities including a Hong Kong initial public offering of the business, said the people, who asked not to be identified as the information is private. An IPO could ...

Read More »

AirAsia X risks delisting after financially-distressed status

Bloomberg Long haul budget airline AirAsia X Bhd was officially categorised as a financially distressed company, giving the company a year to restructure its finances or risk losing its Malaysian listing. AirAsia X’s external auditor Ernst & Young issued a disclaimer of opinion on the airline’s audited financial statements for the 18-month period ended June 2021, the company said in ...

Read More »

DHL sees added air cargo capacity easing supply chain snarls

Bloomberg German delivery firm DHL expects global supply-chain bottlenecks to ease next year as the return of air travel adds cargo capacity and higher vaccination rates keep a lid on Covid-19 infections. A loosening of US borders slated for November 8 will be key, as the added flights provide more space for freight in the holds of passenger jetliners, DHL ...

Read More »

Ryanair to cut carbon emissions with electric ground handling

Bloomberg Ryanair Holdings Plc will introduce electric ground-handling equipment at 11 European airports including Madrid, Amsterdam and Oslo as the Irish airline looks to reduce its emissions. Europe’s biggest discount carrier will introduce electric-powered baggage vehicles and plane push-back tractors with partners Azul Handling and Menzies Aviation, Ryanair said in a statement. Azul will allow it to offer zero emission ...

Read More »
Send this to a friend