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ALC to take part in New Delhi World Book Fair 2023

  Abu Dhabi / WAM The Abu Dhabi Arabic Language Centre (ALC), part of the Department of Culture and Tourism – Abu Dhabi (DCT Abu Dhabi), has announced its participation at the 31st edition of the New Delhi World Book Fair, which will be held from February 25 to March 5. The fair, a key cultural platform among international book ...

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Boeing to retire its famed fighter jets after 40 years

  Bloomberg Boeing Co plans to end production of its F/A-18 Super Hornet, the fighter jet that wowed movie audiences in last year’s Top Gun: Maverick, after more than 2,000 deliveries over 40 years. The aerospace giant will stop manufacturing the fighters after it hands over the last Super Hornet to the US Navy in late 2025, according to a ...

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IAG sees strong bookings, makes bid for Air Europa

  Bloomberg IAG SA said it’s enjoying strong bookings into this year, led by holiday travel and stable business trips, and predicted a further recovery in 2023 as the aviation industry emerges from its worst-ever crisis sparked by the pandemic. Full year operating profit will reach about €1.8 billion to €2.3 billion, while net debt will remain broadly unchanged at ...

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Thai Airways’ fourth quarter profit surges amid travel boom

  Bloomberg Thai Airways International Pcl’s fourth quarter profit almost tripled after Thailand eased pandemic-related border restrictions and tourists started to come back to the popular Southeast Asia holiday destination. The carrier’s net income for the three months ended on December 31 rose to 11.2 billion baht ($322 million) from 4 billion baht a year earlier, Chief Executive Officer Chai ...

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Tesco, Aldi join grocers rationing fruit, vegetable sales in UK

  Bloomberg Tesco Plc has joined discounter Aldi in limiting purchases of some fruit and vegetables in the UK after difficult harvests due to cold weather in southern Spain and North Africa. Both retailers are capping purchases of peppers, cucumbers and tomatoes to three units per person. The moves follow Morrisons which has a limit of two products and Asda ...

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Singapore Air axes city’s only nonstop route to Vancouver

  Bloomberg Singapore Airlines Ltd will scrap the city-state’s only nonstop flight to Vancouver from October, a little more than a year after the Asian carrier returned to Canada. The move is another example of how global hub airlines are having to readjust their networks after the pandemic in order to better match supply and demand. The sharp uptick in ...

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P&G sees harder price-increase choices

  Bloomberg Decisions to raise prices again are becoming “more difficult” as inflation wears on, Procter & Gamble Co Chief Financial Officer Andre Schulten said. The Tide maker is focused on offsetting higher costs with productivity savings to minimise the need for price increases. But it still sees a need to charge more to fund innovation that it believes will ...

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BP aims to transform carbon into cash with limestone play

  Bloomberg A plan to turn carbon dioxide into limestone — and sell it at a profit — is getting some high-profile backing as BP Plc signs a deal with a San Antonio chemical company that aims to transform greenhouse gas emissions from a liability to a commodity. Under the arrangement, BP and CarbonFree Chemicals Holdings LLC will collaborate to ...

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Harnessing waste heat from Europe industries could save $71.3 billion

  Bloomberg Europe’s industries and transportation systems waste so much heat that capturing the excess and reusing it could save consumers more than €67 billion ($71.3 billion), a Danish engineering company said. The surplus produced each year by factories, supermarkets, wastewater facilities, data centers and subways amounts to 2,860 terawatt-hours, nearly the same as the European Union’s total demand for ...

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