BLOOMBERG FedEx Corp’s shares climbed after the courier boosted its profit outlook, signalling efforts to cut costs are helping counter a decline in package volume. Adjusted earnings this fiscal year will be $14.60 to $15.20 a share, up from a prior forecast of no more than $14, the Memphis, Tennessee-based company said in a statement. Analysts were expecting $13.57 on ...

BLOOMBERG Boeing Co and Airbus SE are increasingly looking to India for highly-skilled, low-cost engineers to meet a boom in demand for aircraft and expand their manufacturing presence in the world’s fifth-largest economy. Airbus plans to hire 1,000 people in India this year out of 13,000 globally. Boeing and its suppliers, which already employ about 18,000 workers in the nation, ...

DUBAI / WAM Dubai Electricity and Water Authority (Dewa) won 26 prestigious local, regional, and international awards in 2022, raising its record of awards to 410 (68 local, 69 regional, 273 global) between 2015 and 2022. Dewa also marked another breakthrough by achieving the Guinness World Records for the “largest single-site water desalination facility in the world” with a production ...