Bloomberg The European bank with the most capital relative to total assets is DNB ASA of Norway. That pedigree will make it easier to sell a new kind of senior debt that’s designed to absorb losses if issuers get into trouble, according to the bank. “We don’t think that will be a big challenge or problem for DNB due to ...

Bloomberg Whole Foods Market’s lower-priced offshoot chain, whose future was questioned after Amazon.com Inc. took control of the company in 2017, is cautiously plowing ahead. The business, known as 365 by Whole Foods Market, opened its latest store this week in Brooklyn—its first location on the East Coast. And the division is still signing leases and plans to open at ...

Bloomberg Alibaba Group Holding Ltd led a $300 million investment into India’s biggest online grocer Bigbasket, signaling that the region’s segment is firing up. Hari Menon, Bigbasket’s co-founder and chief executive officer, said the investment values the company at $950 million—just $50 million under the $1 billion valuation that would have earned it tech unicorn status. “We wanted a strategic ...

Bloomberg WestJet Airlines Ltd.’s new ultra-low-cost carrier plans to expand to southern locations in the US and Mexico in the second half after it launches with Canada service in June. WestJet is counting on its Swoop brand to fend off a new breed of bargain carriers such as Flair Airlines while the fledgling carrier attempts to take market share from ...

Bloomberg UK airlines’ practice of charging for assigned seats is being scrutinised by regulators amid concerns the policy—which adds as much as 390 million pounds ($550 million) to ticket prices a year—is confusing. An increase in the number of complaints by passengers travelling in groups who are forced to pay to sit together has prompted an examination of “whether consumers ...

DUBAI / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, visited the Mohammed bin Rashid Space Centre (MBRSC) to inspect the progress of the KhalifaSat project. KhalifaSat is the first satellite to be fully built by Emirati engineers, an achievement that highlights the UAE’s growing expertise in ...

DUBAI / WAM The Dubai Health Authority (DHA) announced that its preparations to provide the highest levels of healthcare services for Dubai’s Expo 2020 are on the right track. The authority revealed that its preparations are going as planned in line with the country’s vision and Dubai’s strategy and as per the required standards of Expo 2020 Hig- her Preparatory ...

Abu Dhabi / Emirates Business Gulf Printing and Packaging, a subsidiary of Al Khat Packaging Co., one of the largest producers of printing and packaging materials in the GCC region, officially inaugurated its new UAE base in Khalifa Industrial Zone of Abu Dhabi (KIZAD). With an investment of AED 100 million, the new facility is located in the heart of ...

Abu Dhabi / WAM Belarus’ President Alexander Lukashenko has appreciated the remarkable role played by His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, in the release of Belarusian citizen Vyachesav Kachura who had been under detention in Libya since 2011. In a message to HH Sheikh ...

SHARJAH / WAM Air Arabia on Saturday announced the launch of its inaugural flight to Moscow’s Sheremetyevo International Airport, adding a second route for travel to the Russian capital. The inaugural flight landed in Sheremetyevo International Airport on Thursday, February 1, at 13:35 local time led by an Air Arabia delegation headed by the airline Group Chief Executive Officer. The ...