Bloomberg The brunt of Winter Storm Diego hasn’t arrived in North Carolina yet, but it’s already wreaking havoc on travellers. At Charlotte Douglas International Airport, nearly 1,300 flights in and out of the city have been cancelled this weekend, according to Flight Aware, an airline tracking service. American Airlines Group Inc., which uses Charlotte as a hub, accounted for a ...

Bloomberg For the second time this year, Macy’s Inc. is switching up its approach to China as it struggles to get its presence in the world’s most populous market right. Macy’s is shuttering its online store on Tmall, the platform for China’s biggest e-commerce company, Alibaba Group Holding Ltd. Macy’s will now ship to Chinese consumers directly from its US ...

Bloomberg Lufthansa AG has billed a cabin-crew union for pay it says some staff received when they were actually working for the labour group, marking the latest in a series of spats with employee representatives. The people were paid at various times between 2015 and 2018 when they were engaged with the UFO union rather than flying, Lufthansa said in ...

Bloomberg Virgin Atlantic Airways Ltd. looked seriously at establishing its own low-cost carrier before scrapping the plan amid concern that the move might dilute its brand. The UK airline worked on the project for some months but ultimately opted to split its economy class into three price grades to better attract cost-conscious travelers, Chief Executive Officer Craig Kreeger said. Like ...

ABU DHABI / WAM As per the directives of President His Highness Sheikh Khalifa bin Zayed Al Nahyan, the Emirati women’s representation in the Federal National Council (FNC) will be increased to 50 percent in the coming parliamentary term. The step reflects the country’s future approach aimed at achieving full empowerment of Emirati women and emphasises their pioneering and effective ...

ABU DHABI / WAM President HH Sheikh Khalifa bin Zayed Al Nahyan, sent a cable of congratulations to the Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud of Saudi Arabia, on the fourth anniversary of his accession to the throne. HH Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and ...

Bloomberg Oil in New York jumped after the Organization of Petroleum Exporting Countries (Opec) and allied crude exporters surprised traders with a larger-than-expected output reduction. Futures advanced more than 2 percent in New York and London. The Opec and aligned nations will collectively curb production by 1.2 million barrels a day, 20 percent more than previously discussed. “It’s been a ...

HELSINKI / WAM The Ministry of Economy (MOE) organised a joint UAE-Finland Business For-um on the sidelines of the country’s economic and trade delegation participation in Slush 2018 — world’s leading startup event — in Finnish capital of Helsinki. Noura Mohammed Juma, UAE Ambassador to Finland, and a number of officials from the Ministry of Economy, representatives of the federal ...

Bloomberg China’s trade surplus with the US hit a record in November, even as overall export growth slowed amid waning global demand and uncertainty about a constructive resolution to the trade war. The trade surplus with the US was almost $35.6 billion, driven by a 9.8 percent rise in exports compared with the same period last year and a 25 ...

Sharjah / Emirates Business The fourth edition of the region’s leading FDI event, held under the patronage of His Highness Sheikh Dr. Sultan bin Muhammad Al Qasimi, Member of the Supreme Council and Ruler of Sharjah, the Sharjah FDI Forum unveils on Monday. The two-day event titled ‘Shaping the Future of Economies’, on December 10-11 is bringing together 40 global ...