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Dutch trade mission visits Sharjah Sustainable City

  Sharjah / WAM A high-level Dutch trade mission to Abu Dhabi Sustainability Week (ADSW) 2023 consisting of a 25-member delegation representing 15 companies, yesterday paid a visit to Sharjah Sustainable City to learn more about the city’s sustainable housing solutions. In particular, the visit focused on exchanging knowledge on integrated, sustainable, future-proof solutions related to water, food, sustainable energy ...

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Enec showcases success of Barakah plant at WFES

Abu Dhabi / WAM The Emirates Nuclear Energy Corporation (Enec) has showcased the critical role of nuclear energy as a global climate change solution at the World Future Energy Summit (WFES), in Abu Dhabi. WFES is a key element of the 15th edition of the annual Abu Dhabi Sustainability Week, the leading business event for energy and sustainability that brings ...

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Chinese travel rebound to take months amid hurdles to flights

  Bloomberg Travel from China may need another four months to show a significant increase, despite the country just recently dropping Covid-related curbs on foreign trips. Overseas journeys from the Asian nation are unlikely to ramp up before the second quarter, most probably from the national Labour Day holiday on May 1, according to aviation data provider OAG. Chinese travellers ...

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Record rise in air fares for UK holidaymakers

  Bloomberg British holidaymakers seeking a winter getaway have been hit by the fastest increase in air fares since records began as airlines warn passengers of an end to budget travel. Official data showed that air fares jumped 44.1% compared with a year earlier as carriers report strong demand for flights despite the cost-of-living crunch squeezing UK households. It marked ...

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Unilever India’s profit beats estimates, hikes royalty payout

Bloomberg Unilever Plc’s Indian unit reported a better-than-expected quarterly profit as the declining prices of key raw materials, including palm oil, boosted the consumer goods giant. It also raised the royalty payout to its European parent. Mumbai-based Hindustan Unilever Ltd. posted a net income of 25.1 billion rupees ($309 million) for the quarter ended December 31, according to an exchange ...

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Anti-Covid device comes too late for airlines as flyers shrug off virus

  Bloomberg A Covid-era invention that protects plane passengers from the virus with a curtain of fast-flowing air is proving redundant, underscoring how little travellers care about the risk of infection in the rush back to the skies. Washington-based Pexco Aerospace Inc. has spent the pandemic designing and manufacturing a device that clips onto air vents inside the aircraft. The ...

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Burberry sees lackluster sales growth, hurt by China slump

  Bloomberg Burberry Group Plc showed lackluster sales growth last quarter as customers in China were kept at home first by strict pandemic controls and then, at the very end of the year, by a viral surge as the government loosened restrictions. Comparable store sales rose 1% in the quarter ended December 31, 2022, below the 1.4% gain analysts anticipated. ...

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Amazon kills ‘smile’ charity program

  Bloomberg Amazon.com Inc. is halting “AmazonSmile,” a decade-old charitable program that let customers pick a charity to receive a donation from the company equal to 0.5% of their purchases. The announcement, which coincided with a fresh round of layoffs that will affect 18,000 Amazon employees, showed how tech industry cost-cutting could ripple through the nonprofit world. The company, which ...

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Biden’s climate plan is ‘dangerous’ says UK business secretary

  Bloomberg President Joe Biden’s plan to subsidize clean energy is “dangerous” and risks pushing the world toward protectionism, Britain’s Business Secretary Grant Shapps said, in the UK’s bluntest criticism to date of the US Inflation Reduction Act. European Union leaders say the US legislation will unfairly benefit American firms and violate World Trade Organization rules. To date, Prime Minister ...

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