Dubai / WAM The General Pension and Social Security Authority (GPSSA) announced the pension disbursement dates for this year. The authority emphasised the fact that pensions will be disbursed on the 27th day of each month, with exceptions to May and June, whose pensions will be disbursed on August 26, where pensions will be disbursed on the 25th of that ...

  Dubai / WAM Emirates Health Services (EHS) is taking part in the Arab Health Exhibition & Conference 2023, held from January 30 to February 2 at the Dubai World Trade Centre, where it plans to showcase 19 innovative projects at its booth under the theme “Building the Future of Health Services”. The projects will be grouped into three main ...

  Bloomberg Singapore Airlines Ltd.’s Indian venture has shelved plans to start direct flights to the US following disruptions in the deliveries of Boeing Co.’s 787 Dreamliner aircraft. “We were discussing US at one stage,” Vistara Chief Executive Officer Vinod Kannan said at a virtual press meet. “We have had to put that on hold after the fact that 787s ...

  Bloomberg Johnson & Johnson (J&J) guided to stronger earnings for 2023 than analysts were expecting after a year in which the pharma division suffered because of waning demand for its unpopular Covid-19 shot. Its Covid vaccine, which falls out of favour after cases of a rare and potentially deadly blood clotting disorder, was a drag on the pharma division’s ...

  Bloomberg Virgin Australia Holdings Pty Ltd. plans to interview lead underwriters starting in February for a return to public markets as soon as this year, according to people familiar with the matter. Australia’s second-largest airline and its owner Bain Capital will interview banks from the end of next week for joint lead manager roles assisting the company to list ...

Bloomberg Rocket Lab USA Inc. launched its first rocket to space from the Virginia coast. At 6 pm local time, an Electron rocket took off from the company’s new launchpad, located on Wallops Island, Virginia, carrying a trio of small satellites to orbit. Rocket Lab, based in Long Beach, California, is mainly focused on launching small satellites. It has conducted ...

  Bloomberg Airbus SE is seeking outside investment for its high altitude solar-powered drone program called Zephyr in order to accelerate the commercialisation of the technology. The planemaker has hired Morgan Stanley to lead to the process of finding investors, a spokesman said in an email. Airbus will continue to own a stake in the unit, which will be renamed ...

Bloomberg 3M Co. said it plans to cut about 2,500 manufacturing jobs, citing persistent economic hurdles, and forecast profit for this year that fell short of Wall Street estimates. The stock tumbled. “We expect macroeconomic challenges to persist in 2023,” Chief Executive Officer Mike Roman said. The planned job cuts are “a necessary decision to align with adjusted production volumes,” ...

  Bloomberg UK factories’ fuel and raw material costs are rising at their slowest pace in almost a year, further evidence that pipeline inflationary pressures are easing. Input prices rose 16.5% in December from a year ago, down from a peak of 24.6% in June, Office for National Statistics figures published Wednesday show. That was the slowest pace since February ...

Bloomberg The US Justice Department and eight states sued Alphabet Inc.’s Google, calling for the break up of the search giant’s ad-technology business over alleged illegal monopolization of the digital advertising market. “The lawsuit we have filed today seeks to hold Google to account for what we allege are its longstanding monopolies in digital advertising technologies that content creators use ...