Wednesday , 17 December 2025

Admin

Strikes, traffic control disruption hit Ryanair

Bloomberg Ryanair Holding Plc scrapped flights for 100,000 passengers last month as operations at the discount carrier were hit by strikes in five nations together with air traffic control disruption across a swathe of Europe. Ryanair cancelled almost 550 flights in August, compared with 27 a year earlier, the Dublin-based company said. Cockpit crews walked out on August 10 in …

Read More »

Muji weighs Brexit HQ move away from UK to continent

Bloomberg The retailer of Muji products is considering moving its European headquarters out of the UK because of Brexit, in what would be at least the second such shift by a Japanese company. Ryohin Keikaku Co., which sells everything from furniture to kitchenware under the Muji brand, is weighing Germany as the most likely site for a new European base, …

Read More »

Abu Dhabi mulls merger to create banking giant

Bloomberg Abu Dhabi is exploring a potential merger between three of its banks to create a lender with about $110 billion of assets as the oil-rich emirate moves ahead with the consolidation of state-controlled companies. Abu Dhabi Commercial Bank PJSC (ADCB) and Union National Bank PJSC (UNB), which are both listed locally, are in talks to combine with privately-held Al …

Read More »

‘UAE a force of good in the world’

ABU DHABI / WAM Moustapha Niasse, President of the National Assembly of Senegal, said that the UAE is a force of good in the world, because of its efforts to promote social and humanitarian causes and help people suffering from disasters and crises, as well as its development initiatives that have created a difference to the international efforts to limit …

Read More »

Trade-war fears hit euro factories

Bloomberg Euro-area manufacturers saw order growth slow to the weakest pace in two years after renewed concerns over trade prospects hit confidence. Purchasing Managers’ Indexes (PMI) from across Europe signal business sentiment is waning, threatening to harm the economy at a time when price pressures are building after years of subdued growth. Momentum is also weakening in China, while output continued …

Read More »

Libya leads Opec oil output to 2018 high

Bloomberg Opec crude production rose in August to the highest level this year as a recovery in Libyan output helped to offset a cut in Iranian exports due to US sanctions. The group’s 15 members, which now include the Republic of Congo, collectively produced 32.74 million barrels a day last month, an increase of 420,000 barrels a day from July, …

Read More »

Stocks mixed on global-trade fears; pound drops on Brexit

Bloomberg Stocks were steady in Europe on Monday while US futures climbed and emerging market shares dropped as investors assessed the complex outlook for international trade. The pound fell as the UK’s flagship Brexit proposal came under attack. Gains in energy shares were offset by declines in automakers and construction firms in thin trading on the Stoxx Europe 600 Index, …

Read More »

Stock rally faces hurdles in India

Bloomberg Another thousand-point milestone is within reach for India’s benchmark equity index. Following the drubbing earlier this year, the S&P BSE Sensex is nearing the 39,000 level, the gauge’s third round-number mark since surpassing its life-time peak two months ago — a rally that’s helped the gauge cement the tag of Asia’s best performer this year. While there’s optimism that …

Read More »

UK’s biggest energy suppliers losing customers to startups

Bloomberg The latest threat to the dominance of Britain’s six biggest energy suppliers is coming from small technology companies that automatically switch consumers to the cheapest deal. Their emergence couldn’t come at a worse time for the industry, which is already beset by lawmakers capping rates and suffering from perennial mistrust by consumers. On top of that, utilities are getting …

Read More »

Brent gains $78 as lower Iran’s crude flows curb supply

Bloomberg Oil in London traded near a two-month high as Iranian crude and condensate exports fell to their lowest level in more than two years, showcasing concerns over a potential supply shortfall once US sanctions on the Middle East nation’s shipments start in November. Brent futures gained as much as 0.7 percent. Iran shipped just under 2.1 million barrels a …

Read More »