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Mubadala Health-ECA pilot program to support parents, children

  Abu Dhabi / Gulf Time Mubadala Health has announced the launch of a pilot program that supports parents across the emirate of Abu Dhabi, in collaboration with Abu Dhabi Early Childhood Authority (ECA), furthering its commitment to safeguard and support the physical and mental well-being of parents and children. This pilot program focuses on Community Awareness and Child Development ...

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EasyJet targets full capacity as slump boosts discount flights

Bloomberg EasyJet Plc said enduring demand for discounted flights should allow it to return to pre-pandemic levels of capacity by next summer, even as soaring inflation weighs on household incomes. Early bookings for the second half starting from April “look positive,” with ticket prices and occupancy for Easter stronger than a year ago, Luton, England-based EasyJet said in a statement. ...

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Tata to merge Air India with Singapore Airlines’ Vistara

  Bloomberg Tata Group will merge Air India Ltd with Vistara, which it jointly holds with Singapore Airlines Ltd, creating a behemoth in one of the world’s fastest-growing aviation markets. The deal will give Singapore Air a 25.1% stake in the merged carrier for an investment of $250 million, according to an exchange filing. Both the partners have agreed to ...

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Adani fundraising targets retail buyers, allows discount pricing

  Bloomberg Adani Enterprises Ltd, the flagship firm owned by Asia’s richest person Gautam Adani, chose a fundraising route for its $2.5 billion share sale that allows the group to woo retail investors through potentially discounted prices. The 200 billion rupee ($2.5 billion) equity sale via the further public offer mechanism gives the company maximum flexibility, including pricing at a ...

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Nestle sets new targets for profit growth

Bloomberg Nestle SA set new targets for profit growth in coming years and said it’s starting a strategic review of its Palforzia peanut-allergy business. Underlying earnings per share should rise 6% to 10% annually in constant currency through 2025, the maker of Nespresso capsules and DiGiorno meals said. Nestle said it’s reviewing options for Palforzia after a slower-than-expected performance, and ...

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Cyber Monday sales likely to break record despite inflation

  Bloomberg US shoppers have spent $6.3 billion so far on Cyber Monday, according to Adobe Inc, a robust showing that suggests steep discounts attracted inflation-stung shoppers. Cyber Monday spending will reach as much as $11.6 billion, making it the biggest online spending day ever, according to Adobe. “There is a ton of momentum coming into Cyber Monday, after a ...

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Covid cases spike in Thailand amid tourism recovery gains

  Bloomberg Thailand reported a surge in serious Covid-19 infections and deaths, just as the Southeast Asian nation is seeing a rebound in foreign tourist arrivals that’s likely to gain further momentum into the holiday season. An average of 702 Covid patients were hospitalised a day, which was almost double the number from the start of the month, the Health ...

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Toyota global output slows from record as challenges persist

Bloomberg Toyota Motor Corp produced 771,382 vehicles in October, down from a record of 887,733 the previous month, and warned of an uncertain outlook due to Covid and semiconductor shortages. Output was up 23% from October 2021, when supply chains were disrupted by the spread of Covid in Southeast Asia, Toyota said in a statement. The world’s biggest automaker is ...

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Vitamins are resilient to Asia downturn: Blackmores CEO

  Bloomberg Asian markets including China continue to show growing demand for high quality dietary supplements despite Covid-related disruptions and the general economic downturn, according to Australian vitamin manufacturer Blackmores Ltd. The company expects spending on vitamins and supplements to remain resilient to economic slowdowns, CEO Alastair Symington said in an interview with Bloomberg Television.

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