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China’s auto production, sales report growth

BEIJING / WAM China’s auto production and sales surpassed 30 million units for the first time in 2023, retaining the country’s leadership as the world’s largest car market for the 15th consecutive year, People’s Daily reported. According to recent data released by the China Association of Automobile Manufacturers (CAAM), automobile sales in China reached a total of 30.094 million units, ...

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Spirit shares plunge after JetBlue deal blocked on antitrust grounds

BLOOMBERG A federal judge blocked JetBlue Airways Corp’s $3.8 billion acquisition of Spirit Airlines Inc, saying the combination would stifle competition and raise fares for consumers. US District Judge William G Young sided with the federal government and said the merger would harm cost-conscious travellers by eliminating the nation’s dominant deep-fare discount airline and drive up prices across the industry. ...

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Al Hosn Festival begins in Abu Dhabi on January 19

ABU DHABI / WAM The Department of Culture and Tourism – Abu Dhabi (DCT Abu Dhabi) will organise the Al Hosn Festival from January 19-28 in the Al Hosn area. The festival in the Al Hosn area offers visitors a journey through time to explore Abu Dhabi’s heritage and glimpse life in the past decades. The heritage area offers the ...

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