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Gatwick spends $1.5bn to add 7mn more passengers

Bloomberg London’s Gatwick airport plans to spend 1.11 billion pounds ($1.5 billion) on expanding the capacity of its two terminals by 7 million passengers within five years. The world’s busiest single-runway hub will devote much of the cash to lengthening one of the piers at its North Terminal, used by airlines including EasyJet Plc and Virgin Atlantic Airways Ltd., to ...

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Amazon’s clever machines moving from warehouse to HQ

Bloomberg Amazon.com Inc. has long used robots to help humans move merchandise around its warehouses. Now automation is transforming Amazon’s white-collar workforce, too. The people who command six-figure salaries to negotiate multimillion-dollar deals with major brands are being replaced by software that predicts what shoppers want and how much to charge for it. Machines are beating people at the critical ...

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ICD profit hits $6.7bn in 2017

Dubai / WAM Investment Corporation of Dubai (ICD) has announced its consolidated financial results for year ended December 31, 2017, delivering record revenues of AED 200.9 billion and an improved net profit of AED24.6 billion. Revenues increased to AED200.9 billion, an increase of 13.8 percent from the prior year period, supported by higher revenues in the oil and gas and ...

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