Dubai / WAM Dubai Economy and Emirates Integrated Telecommunications Company PJSC (du), signed a Memorandum of Understanding (MoU) to launch the ‘Start @ du’ initiative to facilitate doing business in Dubai. The MoU is in line with the joint commitment to promote excellence in providing smart services and initiatives that contribute to raising the competitiveness and sustainability of businesses in ...

The Federal Reserve has met the historic challenge of navigating the world’s largest economy through a pandemic. But as the central bank prepares to reduce its emergency Covid stimulus, finding the next normal — for monetary policy, markets and the economy — will be its greatest test yet. In achieving a robust recovery, the latest round of quantitative easing, the ...

Last week, China’s top media regulators rolled out a directive prohibiting “sissy idols and other deformed aesthetics.” Their targets were the highly stylised, gender-bending young men who’ve defined Chinese pop culture for more than a decade. In the eyes of President Xi Jinping, these celebrities pose a threat to the masculine revitalisation of the Chinese nation. Like cram schools, celebrity ...

The surreal nature of international travel in the Covid era was beamed live around the world last weekend. In the opening minutes of a soccer match in Sao Paolo between Brazil and Argentina, play ground to a halt when public-health officials walked onto the field to remove several Argentine athletes over an apparent breach of a 14-day quarantine (mandatory for ...

Nothing says the European summer is over and business is restarting like a blowout sovereign bond sale. The inaugural green bond launch for the Kingdom of Spain certainly fits that bill. The 5 billion-euro ($6 billion) 21-year deal received orders well over 10 times what was on offer. Investors just cannot greenify their portfolios quickly enough. But this is just ...

Bloomberg Boeing Co’s directors must face an investors’ lawsuit accusing them of failing to properly monitor safety issues and the development of 737 Max jetliners whose two fatal crashes have cost the company more than $20 billion. Delaware Chancery Judge Morgan Zurn threw out some claims against Boeing’s board, but said Boeing shareholders produced enough evidence to justify pursuing claims ...

Bloomberg British Airways (BA) introduced a mechanism allowing customers to buy so-called sustainable aviation fuel to reduce their carbon footprints. The carrier said it will also source enough SAF from BP Plc to power all flights between London and Scotland’s two busiest airports during the COP26 climate summit to be held in Glasgow. Payments for SAF will be offered to ...

Bloomberg London City Airport, a favourite of regional business travellers, is seeing a tentative reawakening as British Airways and Deutsche Lufthansa AG restore flights to key financial centers. Services to Zurich, Frankfurt and Rotterdam are resuming this month, the airport’s chief operating officer, Alison FitzGerald, said in an interview. “We’re seeing some early signs of good load factors, some early ...

Bloomberg UK retail sales growth lost momentum in August, with both shops and consumers pointing to concerns over higher prices. The value of goods sold in shops and online grew 3% in August from a year earlier, the British Retail Consortium and KPMG said, less than the 3.9% recorded the same month in 2020. Despite higher demand for clothing, especially ...

Bloomberg Airbus SE and Alstom SA are deepening a partnership on cybersecurity to counter threats they say are growing against rail transport systems. The French plane and train manufacturers signed a cooperation agreement to provide security systems to rail operators, according to a statement on Wednesday. The move comes as cross-country networks and urban metros and trams become increasingly reliant ...