Bloomberg Boeing Co. is deepening its intrusion on suppliers’ turf by teaming up with France’s Safran SA to design and build auxiliary power units, the compact turbines tucked below a jetliner’s tail that are used to start its main engines and provide power on the ground. The 50-50 partnership will be based in the US, the companies said in a ...

Bloomberg Australian Foreign Minister Julie Bishop says companies should be able to operate free from pressure from foreign governments after Qantas Airways Ltd. bowed to demands that it refer to Taiwan as being part of mainland China. Australia’s flagship carrier is one of 44 airlines asked by the Civil Aviation Administration of China to modify how they refer to Taiwan ...

Bloomberg Air China is to resume regular flights between Beijing and Pyongyang after a six-month hiatus, in the latest sign that the “ maximum pressure” campaign on North Korea may be easing. China’s flagship carrier will resume services on Wednesday after halting them in November, a spokesman for the company confirmed in a WeChat message. The resumption is a market-oriented ...

Bloomberg Aunt Bessie’s Yorhire puddings and roast potatoes, the side dishes that are part of a traditional British roast dinner, have a new owner. Nomad Foods Ltd., the frozen-foods company backed by entrepreneurs Martin E. Franklin and Noam Gottesman, has agreed to acquire British prepared foods maker Aunt Bessie’s Ltd. from owner William Jackson & Son Ltd., according to a ...

Bloomberg Two of Airbus SE’s flagship A380 superjumbos are headed for the scrapheap after a search for new operators failed to secure firm bids. Negotiations with British Airways, Iran Air and Hi Fly, a Portuguese charter specialist, ended with no deals struck, German investment fund Dr. Peters, which manages the planes, said in a statement to shareholders. The double-decker jets, ...

DUBAI / WAM The Ministry of Climate Change and Environment (MoCCAE) is introducing a new project to survey and map agricultural areas using unmanned aerial vehicles or drones. MoCCAE invited several professional drone companies in the UAE to carry out the pilot phase of the project. Commencing in the second week of June, this phase will include surveying and mapping ...

SHARJAH / WAM Saud Salem Al Mazrouei, Director of the Hamriya Free Zone Authority and the Sharjah International Airport Free Zone Authority, signed an investment agreement with Ramesh Parekh, Chairman of Gandhar Oil Refinery India, to establish an integrated project to produce white oil, liquid paraffin, hydraulic liquid, transformer oil, rubber processing oil, motor oil and industrial oil. The agreement ...

ABU DHABI / WAM Abu Dhabi Islamic Bank (ADIB) announced the launch of a 100 percent capital protected cloud technology equities basket note, designed to capture the growth in the cloud computing industry. The investment note matures in 12 months and provides 100 percent capital protection at maturity to minimise investment risk. The note opens for subscription until June 23, ...

ABU DHABI / Emirates Business Raytheon Emirates, a wholly owned subsidiary of Rayt-heon Company, announced that it has signed a long-term lease with Mubadala Investment Company (Mubadala), establishing its new UAE headquarters at Abu Dhabi Global Market Square. Located in Al Maqam Tower, the new location will be nearly 1,837 square meters once it is completed and ready for occupancy ...

ABU DHABI / WAM Saif Badr Al Qubaisi, General Manager of Abu Dhabi City Municipality cum Head of Technology Committee in Department of Urban Planning and Municipalities, revealed that 11 new digital services have been launched across the municipalities of Abu Dhabi (Abu Dhabi City Municipality, Al Ain Municipality and Al Dhafra Municipality). The step is part of a leading ...