Dubai / Gulf Time Emirates is continuing its restoration of operations in Australia with the introduction of an additional daily service to Brisbane. This comes as the airline proudly celebrates 20 years of serving Brisbane, one of Emirates’ four Australian gateways in its global network. Starting June 1, Emirates will operate the second daily flight to and from Brisbane ...
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SCCI continues its role in boosting Sharjah’s competitiveness
Sharjah / WAM Sharjah Chamber of Commerce and Industry (SCCI) continued in the last year its leading role in creating the best investment environment, reinforcing the position of the emirate of Sharjah as a global business hub and bolstering its competitiveness and economic potential by following a strategy based on protecting the interests of businessmen and supporting its members ...
Read More »Bed Bath & Beyond triples as retail traders fuel latest burst
Bloomberg Bed Bath & Beyond Inc. continued to surge, rising for a fourth day and hitting the highest level since early November, after the company’s bankruptcy warning reignited interest from retail traders. Shares in the home-goods retailer climbed as much as 29%, adding to 166% gains from the previous three sessions. Other so-called meme stocks also added to gains. ...
Read More »Delta’s profit outlook misses estimates as labour costs climb
Bloomberg Delta Air Lines Inc. forecast first-quarter profit short of Wall Street’s estimates, dragging down the carrier’s shares as higher costs deal a blow to its efforts to further capitalise on a rebound in air-travel demand. Adjusted earnings will be 15 to 40 cents a share in the period, the airline said in a statement that also detailed fourth-quarter results. ...
Read More »China’s two state-owned airlines to delist in New York, joining exodus
Bloomberg Two of China’s largest state-owned airlines said they would give up their New York stock exchange listings, joining a raft of government controlled firms that announced their departures from US bourses last year. China Eastern Airlines Corp. and China Southern Airlines Co. stated in separate filings their intentions to apply to voluntarily delist their American depositary shares listed on ...
Read More »Amazon HR staffers turn from hiring to seeking jobs themselves
Bloomberg With job cuts mounting across tech, finance and other industries, why wait to get fired when you can skip directly to being hired? The move, called “career cushioning,†involves lining up a plan B while still fully employed, especially when job cuts are imminent. This is usually done discreetly — perhaps a networking call taken during lunch, or taking ...
Read More »Wendy’s holder drops takeover push
Bloomberg Wendy’s Co.’s largest shareholder, Trian Fund Management LP, said it won’t pursue a deal for the company after signs that the business is improving. Trian said in a filing that it informed Wendy’s board that it wouldn’t propose a transaction at this time. The firm believes in the future of Wendy’s and is “confident in the company’s growth ...
Read More »European assets now all the rage as US markets sputter
Bloomberg After years of playing second fiddle to the US, European assets are now charging ahead and leaving Wall Street in the dust. Euro-area equity markets are up 38% since the end of September in US dollar terms, and enjoying their best start to a new year ever. Meanwhile, the region’s investment-grade credit is ahead of its US peers ...
Read More »Poland expects to get EU recovery funds in second half of 2023
Bloomberg Poland expects to obtain a first tranche of European Union aid in the second half of this year, Premier Mateusz Morawiecki said on Saturday. A bill that promises to give the government access to €35.4 billion ($38.3 billion) in post-pandemic funding cleared its first hurdle on Friday after the ruling party secured a majority in parliament to push ...
Read More »UK gives rail firms permission to make new offer to unions
Bloomberg UK Transport Secretary Mark Harper has given rail companies permission to make a new offer to unions this week in a bid to ending strikes. A “revised mandate†had been given to rail companies to go into negotiations in the coming days and it’s important to give the two sides space “to try and reach a conclusion,†Harper ...
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