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DUBAI / WAM Emirates announced adjustments to its operational schedules in 2019 to minimise the impact of the closure of Dubai International Airport’s Southern Runway between April 16 and May 30, and to respond to global travel demand trends. Sir Tim Clark, President Emirates Airline, said, “The changes we are implementing to our network schedules in 2019 are in line ...

Bloomberg The US hasn’t begun withdrawing troops from Syria, the Pentagon said in the military’s most extensive comments yet as questions about President Donald Trump’s timeline and strategy for pulling troops from the eight-year conflict there continue to fuel confusion. “We have taken a number of logistical measures to support an ordered withdrawal,” Commander Sean Robertson, a Defense Department spokesman, ...

Bloomberg Infosys Ltd, Asia’s second-largest software exporter by value, raised its sales forecast for the year ending March citing a “healthy pipeline” of orders. Bangalore, India-based Infosys predicts revenue will expand as much as 9 percent from an earlier target of 8 percent. Chief Executive Officer Salil Parekh expects a revival in the company’s financial services business, and its ability ...

Bloomberg Japanese Olympic Committee President Tsunekazu Takeda was charged as part of a French corruption probe into the awarding of the 2020 Olympic Games to Tokyo, a person familiar with the matter said. Takeda, however, insisted that he hadn’t been indicted. The charges against Takeda, who led Tokyo’s successful bid, were filed on December 10, said the person, asking not ...

Bloomberg Some of Britain’s largest and most storied manufacturers are making a last-ditch plea to lawmakers to avoid a disorderly retreat from the European Union with stark warnings of production grinding to a halt and political inertia hurting their business. Ultra-luxury carmaker Rolls-Royce said its factory in southern England risks being paralysed in the event of a hard Brexit if ...

Bloomberg When CBS Corp board members go to Los Angeles for their January 31 meeting, they’ll have more on the agenda than just a tour of the local TV studios. The 11-member panel is expected to discuss both the hunt for a permanent chief executive officer and the possibility of a merger with Viacom Inc, according to people familiar with ...

Bloomberg PG&E Corp’s financial woes have spiralled into a crisis of confidence on Wall Street and beyond after fallout from deadly wildfires hobbled the company’s credit rating and eviscerated more than $16 billion of market value. The embattled California power giant’s bonds were among the biggest decliners in the high-yield market. Protesters interrupted a California Public Utilities Commission meeting in ...

Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, stated that the UAE, under the leadership of President His Highness Sheikh Khalifa bin Zayed Al Nahyan, prioritises the quality of life of its citizens, while its government has prioritised housing and is achieving sustainability in this vital ...

RIYADH / WAM The Executive Office of Arab Information Ministers Council adopted the Emirati proposal for ‘Tolerance’ to be the Council’s intellectual theme in 2019, under the title “Arab Media’s Role in Promoting Tolerance”. The Council made the decision during its 11th ordinary session in Riyadh, Saudi Arabia, on Wednesday. The UAE was represented by Mansour Ibrahim Al Mansouri, Director ...

Dubai / WAM Nasdaq Dubai on Wednesday launched futures trading on the shares of 12 leading Saudi Arabian companies, in a significant step forward for the region’s capital markets. The move enables investors to gain from changes in the Saudi-listed companies’ share price by trading the futures on Nasdaq Dubai. The futures are designed to increase the appeal of regional ...