ABU DHABI / WAM AD Ports Group announced that more than 2.2 million square metres of its Industrial Cities and Free Zone Cluster have been leased during the first half of 2021 to local, regional, and international businesses, a clear indication that demand for industrial land continues to accelerate despite the impact of the Covid-19 pandemic on businesses. AD Ports ...

It has been 20 years. Like most of us who were in Manhattan on September 11, 2001, I find it difficult not to think of that day’s events at the best of times. The focus on the 9/11 terrorist attacks over the 20th anniversary this weekend was close to intolerable. However, the topic can’t be avoided, even for people who ...

For years, China has purported to be a new type of great power: one that rises peacefully and respects the rights of other states rather than chasing the foreign domination of empires past. “China will never seek hegemony, expansion or a sphere of influence,” President Xi Jinping said in April. Yet many of Beijing’s policies have a distinctly imperial feel. ...

In the days before Covid, the response that doctors would give: “It’s just a virus”. As someone who’s long been fascinated by the detective work that goes into tracing the origins and history of infections, the answer always seemed too perfunctory. Which virus was it? Where and when did this strain emerge? How many other people were getting infected with ...

Russia is struggling to boost its oil production, even as its allowance under the latest Opec+ agreement is rising. At least that’s what the current data show. If it’s true, we ought to be worried. The country is the largest of the allies that joined with the Organization of Petroleum Exporting Countries last year to agree to a record cut ...

Bloomberg HNA Group secured strategic investors for its airline and airport businesses, a key step in the once high-flying Chinese conglomerate’s state-run reorganisation and bid to move beyond its debt woes. The administrators of HNA’s restructuring program have decided to bring in Liaoning Fangda Group Industrial Co as strategic investor for the airline business and Hainan Development Holdings Co for ...

Bloomberg Sydney Airport relented to suitors after extracting a sweetened A$23.6 billion ($17.4 billion) takeover offer that underscores the battered travel industry’s appeal to long-term investors. The airport said on Monday it will to open its books to bidders led by IFM Investors after they increased their indicative offer 3.6% to A$8.75 a share. Sydney Airport said it plans to ...

Bloomberg Breeze Aviation Group Inc has ordered 20 additional Airbus SE A220-300 aircraft, bolstering the fleet of its startup airline and enabling longer domestic and short-haul international routes. The new planes, adding to a prior 60-jet order, mean the low-cost Breeze Airways will receive one A220 a month for the next six and a half years, the company said in ...

Bloomberg Airlines are piling on more debt as surging coronavirus cases force travellers to cancel plans and stay home. The industry’s outstanding debt has jumped 23% since 2020 to $340 billion, according to data compiled by Bloomberg. So far this year, global air carriers have sold $63 billion in bonds and loans. It’s more evidence that the industry faces a ...

Bloomberg Customers at some Tesco Plc supermarkets will now be able to purchase products from brands like Coca-Cola and Heinz in reusable packaging to reduce plastic waste. In partnership with Loop, a reusable packaging platform launched by New Jersey-based recycling specialist TerraCycle Inc, Tesco was expected to roll out a trial in 10 supermarkets across the east of England from ...