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Etihad one of first airlines globally to launch IATA Travel Pass

Abu Dhabi / WAM The International Air Transport Association and Etihad Airways, the UAE national airline, on Tuesday announced a partnership to launch the IATA Travel Pass for Etihad Airways’ guests. The IATA Travel Pass is a mobile app to help passengers easily and securely manage their travel in line with government requirements for Covid-19 tests or vaccines. IATA Travel ...

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Friday farmers’ market ‘Manbat’ unveiled at Aljada

SHARJAH / WAM Arada has announced the launch of “Manbat”, a new farmers’ market that will focus on offering the very best in fresh and local produce, at its popular Sharjah destination, Aljada. The outdoor market will take place every Friday between 15:00 and 20:00, with the first edition taking place on January 22. Manbat has been launched in partnership ...

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What Navalny’s arrest says about Kremlin

Watching the images of riot police at a crowded Moscow airport, Alexey Navalny’s supporters being dragged away, and, finally, the wobbly footage of the Kremlin critic’s own detention, the catchphrase made famous by former Russian Prime Minister Viktor Chernomyrdin decades ago comes to mind: We wanted better, but it turned out like always. Nearly five months after being airlifted to ...

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Carrefour may fight Amazon, Aldi alone

Just days after Canada’s Alimentation Couche-Tard Inc said it was in talks with French grocer Carrefour SA on a potential deal, the two sides have walked away. The tie-up seems to have been sunk by French politics. The about-face deprives Carrefour’s shareholders, including France’s richest man Bernard Arnault, of an ideal exit from what has long been a difficult situation. ...

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How are you coping in Covid’s war zone?

Hand it to human beings. We have repeatedly defied predictions that we will buckle under the extreme pressure of adverse events. Time and again, whether it was during the eight-month blitz in World War II, or after 9/11, people have proved remarkably resilient in the face of adversity. Will it be the same with this pandemic? On aggregate, probably yes. ...

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China’s distressed realty developers are clever

Wary of billion-dollar defaults, China does not want its daredevil real estate developers to take on any more debt. Banks have been asked to limit their housing loan exposure, while developers that cross the so-called “three red lines” — a trio of leverage metrics Beijing watches — are forbidden from borrowing more. Investors are clearly worried. China Fortune Land Development ...

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Air Lease mulls reinstating cancelled 737 Max orders

Bloomberg Air Lease Corp is considering reinstating some previously canceled Boeing Co 737 Max orders, though not until more regulators clear the jet’s return, Chairman Steven Udvar-Hazy said. Los Angeles-based Air Lease, one of the world’s largest aircraft leasing firms, had committed to 195 Max purchases as of year-end 2019, including orders, options and planes already delivered. Then came the ...

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Virgin Orbit sends satellites into space

Bloomberg Billionaire Richard Branson’s orbital-rocket system put its first satellites into space, after a previous attempt failed in May. Virgin Orbit said a Boeing Co 747 named Cosmic Girl took off from California carrying the company’s LauncherOne rocket, which was then released and ignited before successfully reaching orbit. It then deployed its payload: nine miniature satellites known as CubeSats developed ...

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Amazon workers to hold mail union vote starting in February

Bloomberg Amazon.com Inc workers at an Alabama warehouse will vote by mail in February and March on whether to form a union, the National Labor Relations Board (NLRB) said, setting a date for a closely watched referendum on the relationship between the largest online retailer and the employees who pack and ship its products. A group of about 6,000 frontline ...

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Poshmark soars in debut after IPO fetches $277m

Bloomberg Poshmark Inc, the online marketplace for second-hand goods, rose 142% in its trading debut after raising $277 million in an initial public offering priced above the marketed range. Shares closed at $101.50 in New York trading, valuing the Redwood City, California-based company at about $8.5 billion on a fully diluted basis including options and restricted stock units. The company ...

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