ABU DHABI / GULF TIME “Q Holding” signed a strategic agreement with the Abu Dhabi Residents Office (ADRO), a division of the Abu Dhabi Department of Economic Development, to promote real estate investment and community development in the UAE’s capital, Abu Dhabi. Under the terms of the agreement, the Abu Dhabi Residents Office will nominate real estate investors for the ...

BLOOMBERG Kansas City, Missouri, views its new $1.5 billion airport terminal as a shiny gateway, symbolic of the economic and commercial success that city officials expect is forthcoming. An improved Kansas City International Airport was expected to open on Tuesday — welcoming passengers with glass jet-bridges, upscale dining options and solar-powered parking garages. The upgraded terminal boasts sensory and simulation ...

BLOOMBERG High airfares are here to stay as airlines take advantage of the post-pandemic travel boom to lock in higher charges, Capital A Chief Executive Officer Tony Fernandes said. “The fare environment is very good,” Fernandes said in an interview with Bloomberg Television from the sidelines of the Aviation Festival Asia in Singapore. “I think airlines have always underpriced their ...

BLOOMBERG Inflation on British groceries surged to a fresh record as shoppers turn to discount supermarkets and own-label goods to counter rising prices. Grocery price inflation reached 17.1% in the four weeks to February 19, up from 16.7% in January, the highest level since Kantar started tracking the data in 2008. The increase in prices means the average annual shop ...

BLOOMBERG Air India Ltd expects to induct six Airbus SE A350 jetliners starting from the end of this year following the carrier’s giant aircraft purchase that was the biggest in the history of civil aviation. “We’ve committed to a historic order of aircraft that will start entering from the end of this year through to the end of the decade, ...

BLOOMBERG Finland’s economy contracted more in the fourth quarter than a flash estimate had indicated, affirming that the Nordic nation has entered a recession. Gross domestic product (GDP) shrank 0.6% last quarter from the previous three-month period, when it contracted a revised 0.1%, Statistics Finland said. A flash estimate had indicated a 0.2% decline in output. GDP was stagnant compared ...

BLOOMBERG  Banco Santander SA pledged to return a bigger share of earnings to investors as Chairman Ana Botin joins the race among European lenders to lure shareholders after years of subpar returns. Spain’s largest lender plans to pay out 50% of profit over the next three years, up from 40% previously, it said in a presentation. The Madrid-based bank also ...

BLOOMBERG France wants Europe’s nuclear industry to be recognised as a key force that can help the continent compete with the US and China. President Emmanuel Macron has pledged to build at least six new reactors in his country and put them into service from 2035. On Tuesday, he called for the European Investment Bank to fund “all low-carbon technologies ...

BLOOMBERG Volkswagen AG reaffirmed its commitment to an automotive plant in Xinjiang after a visit by its China chief, despite persistent concerns of human rights abuses in the country’s far western region. The German carmaker said it has no indication that workers are mistreated at the facility in the city of Urumqi, which is operated by a subsidiary of its ...

BLOOMBERG The Swiss economy unexpectedly failed to grow in the final months of 2022 as manufacturing output contracted and exports weighed on momentum. Gross domestic product stalled in the fourth quarter, according to government data. That falls short of the median economist prediction in a Bloomberg survey, which had anticipated a 0.1% increase. Exports showed a significant decline of 0.9% ...