Bloomberg Growing fear over coronavirus is battering commercial airline stocks, but private jet operators are seeing a spike in demand as well-heeled travellers look to minimise their public exposure and find alternatives to suspended flights. “There’s undoubtedly been a rise in demand for short-notice, on-demand charter,” said Adam Twidell, chief executive officer of jet charter provider PrivateFly. “We’ve had a ...

Bloomberg JC Penney Co showed some signs of progress in its recovery effort over the holiday season, though a sixth straight quarter of declining sales show it still has a way to go. The company’s same-store sales results that weren’t as bad as analysts had expected, fell 7% in the fourth quarter. That’s compared with a drop of 7.5%, the ...

Bloomberg Walmart Inc named Jamie Iannone as its chief operating officer (COO) for US e-commerce, the latest reshuffle in its senior management ranks. Iannone, who joined Walmart in 2014, was previously running the web, membership and marketing operations of the retailer’s wholesale subsidiary Sam’s Club, according to a memo obtained by Bloomberg News. At Sam’s Club, he spearheaded several initiatives ...

Bloomberg The world’s biggest companies have started sounding the alarm. From Apple Inc. to Microsoft Corp., the corporate world has seen a sharp increase in profit warnings about a financial hit from the coronavirus in the past two weeks. But that may be just the tip of the iceberg, with the biggest blow to sales and supply chains mainly confined ...

ABU DHABI / WAM The second phase of Marking Tobacco and Tobacco Products Scheme is set to commence on March 1, with the scheme aiming to utilise latest digital solutions to boost efficiency of tax control systems and, in turn, support UAE’s transition to a knowledge-based economy in line with the National Agenda. The Federal Tax Authority (FTA), reaffirmed its ...

Bloomberg US and Taliban officials signed a peace deal aimed at winding down the war in Afghanistan after more than 18 years of fighting that turned into the longest conflict in American history. Secretary of State Michael Pompeo led a US delegation that signed the agreement with Taliban leaders. The deal — which followed a seven-day reduction in violence — ...

ABU DHABI / wam The Abu Dhabi National Oil Company (Adnoc), hosted a ‘Youth Circle’ at its Umm Lulu offshore platform – one of the world’s largest – as it focuses on the future and continues to invest in the development of Emirati youths to build long-term resilience and ensure Adnoc remains an integral part of the UAE’s economy. Held ...

Abu Dhabi / Emirates Business Ferrari World Abu Dhabi, the World’s Leading Theme Park, welcomed guests on Saturday to experience its all-new Family Zone for the first time. Complete with four state-of-the-art attractions designed exclusively for younger guests, the new area is a must-visit for families and friends of all ages. The new zone promises to deliver unrivalled thrills that ...

ABU DHABI / WAM The 30th Abu Dhabi International Book Fair, organised by the Department of Culture and Tourism – Abu Dhabi, has named the late, famed German writer Johann Wolfgang von Goethe as its Focused Personality. Taking place from April 15-21 at Abu Dhabi National Exhibition Centre (Adnec), the fair has chosen Goethe in recognition of the profound and ...

SHARJAH / WAM The country’s Minister of Culture and Knowledge Development, Noura Al Kaabi, visited the first-of-its-kind ‘Museums Express’, a mobile museum, which was launched by the Sharjah Museums Authority last year, displaying replicas of exhibits from different Sharjah museums. Al Kaabi did this during a stop at the Umm Omarah Girls School for Secondary Education in Khor Fakkan, and ...