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Abu Dhabi / WAM Etihad Airways will introduce a new two-class Boeing 787-10 Dreamliner, the largest variant of the technologically advanced aircraft, on its scheduled daily morning service from Abu Dhabi to Rome, complementing the second overnight 777-300ER departure. On July 1, the airline will introduce the Boeing 787-9 Dreamliner on its two daily services to Frankfurt. The two-class 787-9 ...

Abu Dhabi / WAM Thousands of the world’s foremost experts in road infrastructure, transport and technology will gather in Abu Dhabi this October for the first ever World Road Congress to be held in the Middle East. Held under the patronage of His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of ...

Bloomberg China and the US have reached consensus on many “crucial” issues and have discussed the need to observe the “autonomy” of each other’s monetary policy, People’s Bank of China (PBOC) Governor Yi Gang said. “The two sides discussed issues surrounding the yuan including the need to abide by previous commitments made by Group of 20 nations not to engage ...

Bloomberg Pakistan will soon get a $2 billion loan from the United Arab Emirates (UAE) as part of a package that will help boost its dwindling finances. The South Asian nation already received $1 billion in January in the first tranche of a $3 billion agreement between the Abu Dhabi Fund for Development (ADFD) and the State Bank of Pakistan, ...

Bloomberg The Philippines uses 17.5 billion plastic shopping bags and about 60 billion plastic sachets a year, generating so much waste that local governments are unable to cope, according to the Global Alliance for Incinerator Alternatives, a non-governmental organization. Filipinos also use about 45 million thin film bags daily, the organisation said in a statement, citing a study conducted in ...

Bloomberg Alibaba Group Holding Ltd. and Ant Financial will establish a steering committee led by the e-commerce giant to spearhead joint business initiatives and ensure their long-term interests are aligned, according to people familiar with the matter. China’s top online retailer and its biggest internet financial services giant will create a so-called “new economy body,” headed up by Alibaba Chief ...

Bloomberg Hong Kong’s stock market has seen price surges so wild that senior officials have said they feared for the city’s reputation as a global financial center. A subsequent crackdown appears to be working. Actions by the local exchange and securities regulator contributed to a 45 percent fall in initial public offering (IPO) applications for the city’s small-company venue last ...

Bloomberg The rupiah slid the most in eight months, leading losses among Asia’s emerging-market currencies, amid rising concern global growth is slowing. Indonesia’s central bank said it intervened to limit a sell-off in the currency and local bonds. The rupiah tumbled as much as 1.4 percent, the biggest intraday drop since June, to hit a two-month low of 14,335 per ...

Bloomberg India’s business titans are facing a worrying new development: in recent weeks, shadow lenders have been cutting them off from a key financing channel. Company founders have long fueled dreams to expand their business empires with loans they get by pledging stakes in their firms. But recent scares have prompted at least two major shadow banks to turn off ...

Bloomberg Confusion around which goods will be subjected to UK import tariffs in a no-deal Brexit is exasperating companies as they seek to finalise preparations for the split. The government will reveal details of the plan only if Prime Minister Theresa May’s deal to quit the European Union is rejected by Parliament next week, an official said, without providing a ...