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  Dubai / WAM The first Emirates A380 to be completely refurbished under the airline’s $2 billion retrofit programme has been deployed on Friday on the Dubai-London Heathrow service, operating as EK003. The retrofit work was done on A6-EVM, the first of 120 Emirates aircraft to have completed its refurbishment. Sir Tim Clark, President Emirates Airline, said, “Customers will notice ...

Bloomberg Panasonic Holdings Corp will boost its investment in China significantly, bucking the growing trend of foreign companies reducing their exposure to the country as geopolitical tensions rise and the domestic economy slows. The company will invest more than 50 billion yen ($373 million) in China through the end of 2024 to build and expand factories making home appliances for ...

  Bloomberg After three long years, checkpoints at the border separating Hong Kong from mainland China are set to reopen from Sunday in a move that’s seen as having a muted impact on the city initially. Businesses in the city face a number of challenges, which partly stem from the lengthy closure. Wealthy mainland Chinese took their business to Singapore, ...

Bloomberg Tesla Inc shares are poised to extend their slump after the carmaker made another round of price cuts in China’s increasingly competitive electric vehicle (EV) market. The starting price for Tesla’s locally built Model Y sport utility vehicle has dropped to a new low of 259,900 yuan ($37,875) from 288,900 yuan, according to the company’s China website. That standard-range, ...

Bloomberg The US and Germany will send armoured vehicles and an additional Patriot air defense system to Ukraine, a significant upgrade in firepower urgently sought by President Volodymyr Zelenskiy in the fight against Russia’s invasion. The US will provide its Bradley Fighting Vehicles while Germany is sending its Marder vehicles, the leaders said in a joint statement. Germany also will ...

  Bloomberg Salesforce Inc division Tableau was hit harder than other units in the company’s largest-ever round of jobs cuts, adding to a major reorganisation that signals the $15.7 billion acquisition hasn’t lived up to expectations. Chief Executive Officer Mark Nelson was ousted from the data analytics division in late December and more senior staff were axed as part of ...

Bloomberg UK house prices are on track to drop 8% this year after declining for four months in a row, one of the nation’s biggest mortgage lenders said. Halifax said its measure of property prices fell 1.5% last month after a 2.4% decline in November. The figures are similar to a reading from Nationwide Building Society, which last week reported ...

Bloomberg Euro-area inflation returned to single digits for the first time since August, fuelling hopes that the bloc’s worst-ever spike in consumer prices has peaked. December’s reading came in at 9.2%, Eurostat said, with slower growth in energy costs the only reason for the moderation. The figure reflects slowdowns in Germany, France, Italy and Spain and was less than the ...

  Abu Dhabi / WAM Abu Dhabi National Oil Company (Adnoc), a reliable and responsible provider of lower-carbon intensity energy, on Thursday announced a bold new strategy to progress the world-scale decarbonisation of its operations. The announcement follows the guidance by Adnoc’s Board of Directors in November 2022 to accelerate the delivery of its low-carbon growth strategy and the approval ...

  Abu Dhabi / WAM Alpha Dhabi Holding and Mubadala Investment Company on Thursday announced the formation of a joint venture (JV) to co-invest in credit opportunities. Alpha Dhabi and Mubadala aim to collectively deploy up to AED9 billion (approximately $2.5 billion) over the next five years, leveraging Mubadala’s long-term and strategic partnership with Apollo, one of the world’s largest ...