Bloomberg United Continental Holdings Inc. will remove a flight attendant on most of its long-distance international routes, in a bid to keep costs in line with those of its US rivals. The change will take effect February 1, affecting flights on United’s Boeing Co. 787 and some models of 767 and 777 jetliners, according to a memo from John Slater, …
Read More »Admin
Lampert keeps his cash on sidelines as Sears touts sale plan
Bloomberg For once, Eddie Lampert is keeping his wallet in his pocket. Sears Holdings Corp. is closing in on a deal with new lenders to finance it through its bankruptcy, according to a person with knowledge of the situation. Lampert and his hedge fund, ESL Investments Inc, won’t be participating. Then there’s the retail chain’s plan to auction off the …
Read More »Walmart beats Amazon as ‘most popular’ grocer
Bloomberg Look out, Amazon: Walmart is coming to steal your lunch — and maybe dinner too. The world’s largest retailer has surpassed the e-commerce giant in a survey of online food shoppers, more of whom said they most recently visited Walmart’s site for groceries. Local supermarkets were in third place, fuelled in part by logistics provider Instacart, which handles orders …
Read More »Alpha, EAT partner on Core Flying Skills training
ABU DHABI / Emirates Business Etihad Aviation Training (EAT) and Alpha Aviation Academy, the largest Multi Pilot training programme in Mena, have launched a partnership for the delivery of the Core Flying Skills components of Alpha’s pilot training programme. EAT is a well-established Approved Training Organisation (ATO) with one of the largest training facilities in the Middle East region. Student …
Read More »American Airlines to allow early boarding for nut-allergic travellers
Bloomberg American Airlines Group Inc will allow people who suffer from peanut and tree-nut allergies to board flights early so they can wipe down areas where they will sit to avoid potential exposure to allergens. The change will take effect December 12 when flight-service manuals are updated, American said in a filing with the US Transportation Department. Complaints over the …
Read More »UAE named 10th most dominant economic, political power globally
ABU DHABI / WAM The United Arab Emirates ranked 10th on the list of the world’s most dominant economic and political powers in 2018, according to the US News World Report, where US headed the list, followed by Russia, China, UK, Germany, France and Japan, respectively, with Saudi Arabia coming ninth. According to the report, the world’s most powerful countries …
Read More »UAE stocks gain AED5bn
ABU DHABI / WAM UAE bourses kept their upward move for the second day running, ending Tuesday’s session in the green, and posting gains to the tune of AED5 billion, driven by upbeat sentiments across the banking and realty sectors where a select of blue chips were in a high demand. The positive mood left Abu Dhabi Securities Exchange General …
Read More »US stocks climb as dollar slips amid midterm votes
Bloomberg US stocks climbed, with the biggest tech companies among the best performers, in relatively light volume as the US midterm elections got underway. The Nasdaq was the best performing major US gauge, with Apple, Amazon and Microsoft leading the way. The Stoxx Europe 600 Index slid a second day. Oil traded near the lowest level in seven months as …
Read More »Indian stocks eke out gains ahead of holidays
Bloomberg Indian shares eked out gains ahead of holidays as crude oil resumed its decline, reducing the cost of the nation’s biggest import, and as profits at top 50 companies mostly matched or exceeded analyst estimates. The benchmark S&P BSE Sensex climbed 0.1 percent to 34,991.91 at the 3:30 pm close in Mumbai after fluctuating at least 10 times between …
Read More »Africa enjoys an oil boom as drilling spreads in continent
Bloomberg Africa is finally seeing the benefits from the recovery in cru-de prices as companies ramp up drilling from Algeria to Namibia. The rigs are returning and wildcatters are getting excited again after a years-long hiatus during the oil-price slump. From majors like Total SA to independents like Tullow Oil Plc, companies are snapping up exploration rights and doing deals. …
Read More »
The Gulf Time Newspaper One of the finest business newspapers in the UAE brought to you by our professional writers and editors.