SHARJAH / WAM Arada relaunched its landmark ‘Home for a Home’ Ramadan campaign to provide further housing for the vulnerable refugee population at the Kakuma camp in the Kalobeyei settlement in northern Kenya. The social responsibility initiative will build a family home at the camp for each home that is sold during Ramadan at Masaar — Arada’s woodland community in ...

BLOOMBERG It took less than two weeks for TotalEnergies SE to put a massive green hydrogen project with Adani Group on hold after the Indian conglomerate was rocked by allegations of fraud. The deal — part of a plan in which billionaire Gautam Adani’s clean energy business would have invested $50 billion over the next decade in the emissions-free fuel ...

BLOOMBERG China’s reopening after three years of Covid Zero is the main source of optimism for commodities markets wracked by a string of bank failures and slowing global growth. Wood Mackenzie Ltd has run the numbers on what it could mean for prices, under a base case scenario where the economy expands at 5.5% this year, and a more bullish ...

BLOOMBERG An expected boom in Asia’s solar manufacturing capacity will drive down panel prices and make imports more competitive, even as President Joe Biden’s landmark climate law entices suppliers to build more US factories. While the law provides generous subsidies for domestic solar producers, Pol Lezcano, a BNEF analyst, is skeptical that factories under development now will be able to ...

BLOOMBERG Boeing Co secured a win in Japan with an order from the nation’s flag carrier for 21 of its 737 Max aircraft, getting in ahead of rival Airbus SE, which was initially seen as the frontrunner. The single-aisle jets will be delivered to Japan Airlines Co and flying from 2026, the carrier and Boeing said in a joint statement. ...

BLOOMBERG Airlines should financially reward managers who hire more women, said the International Aviation Womens Association (IAWA), after industry data showed almost zero progress towards gender parity in the past four years. Women typically hold just 13% of executive posts at carriers, even fewer than in financial services firms, Bloomberg analysis showed last month. The proportion of female pilots, technicians ...

BLOOMBERG Sports Direct, the sporting goods retailer owned by Frasers Group Plc, is seeking to expand in Europe, including with a possible acquisition of France’s Go Sport chain. Buying the business out of administration would allow Frasers to grow in France “with some authority rather than opening store by store,” said CEO Michael Murray. Sports brands are consolidating across Europe, ...

BLOOMBERG Delta Air Lines Inc and United Airlines Holdings Inc are offering to trim flights by as much as 10% at some of the country’s busiest airports this summer to ease congestion and delays — but only in return for a promise from federal regulators that they can get them back. The Federal Aviation Administration (FAA) has reached out to ...

BLOOMBERG  The Philippine central bank slowed the pace of its interest-rate increases as it seeks to cool still-hot inflation while allowing itself some policy-manoeuvre room in the event of risks from a global banking turmoil. Bangko Sentral ng Pilipinas raised the overnight reverse repurchase rate by 25 basis points to 6.25% on Thursday, as seen by all but one of ...

BLOOMBERG  Bank rescues on both sides of the Atlantic. Global markets in turmoil. American and European policy makers rushing to turn the tide. In contrast, China’s markets were calm and buoyant on Thursday. After countless scenarios of doom for Chinese assets, its markets stand out right now for their quiet gains. Following another day of turmoil in the US — ...