Bloomberg The head of Boeing Co.’s 737 jetliner programme and site manager for the Seattle-area factory where the popular narrow-body plane is manufactured will retire at the end of the year. Scott Campbell is stepping down after three decades at Boeing, a career that encompassed all of the company’s current commercial aircraft product lines. He’ll be replaced by Eric Lindblad, ...

Bloomberg Air Canada has a succession gap now that its No. 2 executive is leaving to run Europe’s largest airline. But the Canadian carrier has a deep management bench that will minimise disruption, say Cowen & Co. and RBC Capital Markets. Chief Operating Officer Ben Smith will leave Air Canada on August 31 to take charge at Air France-KLM, the ...

Bloomberg Labour unions are lobbying shareholders at strike-ravaged Ryanair Holdings Plc to pressure the airline into abandoning a business model they say is based on browbeating staff to keep down costs. Other discount carriers manage to turn a profit while maintaining a healthy working environment, the Belgian, Portuguese, Spanish and Italian unions said to investors, adding that Ryanair has been ...

Bloomberg Kroger Co. is bringing self-driving grocery delivery to Arizona. The largest grocery chain in the US will start delivering groceries in autonomous-capable Toyota Prius cars at a Fry’s Food Stores location it owns in Scottsdale. To start, there will be a driver in the vehicle, though the second phase of the test — slated to begin late next month ...

ABU DHABI / WAM Responding to urgent international appeals, the Emirates Red Crescent (ERC) has provided shelters, tents, covers and food to those stricken by the floods that hit many provinces in Eastern Sudan and Kerala, India, as well as those affected by the earthquake that catapulted the province of Lombok, Indonesia. The ERC’s rapid humanitarian and rescue response aims ...

DUBAI / Emirates Business The UAE is Hong Kong’s 18th largest trading partner as the total trade value between the UAE and Hong Kong amounted to over $4.7 billion in the first half of 2018. Hong Kong’s total export to the UAE amounted to $2.7 billion and total import value from the UAE reached $2 billion, reveal officials in Dubai. ...

DUBAI / WAM Nakheel, a property developer based in Dubai, on Wednesday announced a net profit of AED2.51 billion for the first six months of 2018. ‘‘Nakheel handed over 451 units to customers in the first six months of the year. The company’s non-development businesses — retail, leasing, hospitality and asset management – all performed strongly. Annual revenues from these ...

DUBAI / Emirates Business GCC sovereign issuance has had another strong first half, with the sovereign bond transactions of over $30 billion in the hard currency market, according to Fisch Asset Management. The Zurich-based asset manager believes that full-year issuance could surpass last year’s levels and reach $50 billion in 2018. Philipp Good, CEO at Fisch Asset Management, said: “This ...

Bloomberg US stocks headed for their worst day in two months, joining a broad decline in global equities as disappointing earnings from Chinese internet giant Tencent Holdings Ltd. roiled technology shares and a plunge in commodities weighed on resource producers. Crude tumbled to below $65 a barrel after a report that American stockpiles rose the most since March 2017. The ...

Bloomberg China’s equities and currency slid, with the yuan weakening past 6.9 a dollar for the first time since May 2017 and losses in tech stocks spiraling into a broad selloff. The Hang Seng China Enterprises Index fell 2 percent at the close for its fourth day of losses. Tencent Holdings Ltd. rattled equities after surprising investors with its first ...