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UAE, Israel institutions ink deal to strengthen cultural relations

ABU DHABI / WAM Within the framework of enhancing and developing future cooperation between the United Arab Emirates and Israel, and for strengthening the cultural relations in the interest of the two friendly countries, the UAE National Archives and the Israeli National Library signed a Memorandum of Understanding (MoU). It aimed for supporting shared goals, boosting programs and activities of ...

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How India’s state is failing its Covid-19 test

If you are lucky enough to be healthy in Covid-haunted Delhi, life feels strangely disconnected. Offline, there’s an undeclared lockdown. The normally noisy city is silent except for the sound of birds. Social media, on the other hand, is an unfolding tapestry of tragedy. People beg for help finding hospital beds and life-saving medicines. Friends and acquaintances call and text ...

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Is the music stopping for Apple?

Has Apple Inc exploited its dominance to squeeze out rivals? Whatever the technicalities, the fact that there are now formal charges against the world’s most valuable company should start to change its attitude towards competition. The European Commission hit Apple with an antitrust complaint for abusing its role as the App Store gatekeeper and disadvantaging Spotify Technologies SA’s music-streaming service. ...

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Can 1% of Singapore’s land feed its people?

From fish farms bobbing in the Straits of Johor to industrial warehouses and the rooftops of hotels downtown, urban farming is all the rage in Singapore. Covid-19 has given the country, which produces only a tiny fraction of what its people eat, a big scare. Dependence on neighbours for sustenance is a huge vulnerability the government says it’s determined to ...

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President Biden’s plans are ambitious but risky

In his speech to Congress, President Joe Biden declared his ambitions for a country on its way back from the Covid-19 pandemic. “Now, after just 100 days, I can report to the nation: America is on the move again,” he said. “Turning peril into possibility. Crisis into opportunity. Setback into strength.” Barely three months into his presidency, Biden outlined his ...

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Boeing faces FAA audit of 737 Max latest manufacturing flaw

Bloomberg Boeing Co is facing an audit to determine why changes in its manufacturing practices on the 737 Max led to a hazard that went unnoticed for almost two years. The Federal Aviation Administration (FAA), which oversees Boeing and has meted out multiple civil penalties against the planemaker in recent years, said in a statement that it is also investigating ...

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ANA issues its surprise profit outlook amid limited air travel

Bloomberg ANA Holdings Inc issued a surprise profit outlook for the fiscal year, even as international air travel to and from Japan remains limited and countries across the globe recover from the pandemic at different speeds. Operating profit for the year through March 2022 will be 28 billion yen ($257 million), Japan’s No. 1 carrier said in a statement, seeking ...

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South Africa close to finding investor for grounded airline

Bloomberg South Africa is in the final stage of negotiations with a potential investor for its grounded flag carrier, a move that would give the airline a boost just as it emerges from bankruptcy protection. The deal will bring capital and “much-needed technical and commercial expertise” to South African Airways (SAA), the Department of Public Enterprises (DPE) said in a ...

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HNA assets attract Fosun, JD’s interest

Bloomberg Fosun Group and an arm of JD.com Inc are among suitors considering investing in domestic operations of HNA Group Co. as the indebted Chinese conglomerate is reorganized after being placed under government control, people with knowledge of the matter said. Ping An Insurance Group Co, Juneyao Airlines Co and Air China Ltd have also been studying HNA’s assets, the ...

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Airlines add flights out of India to bring citizens home

Bloomberg International and domestic airlines are adding flights out of India to bring home residents and citizens as the nation’s coronavirus outbreak goes from bad to worse. Air India Ltd plans to increase its weekly frequency of flights to the US to 32 starting May 11, up from the current 29. That compares with about 33 weekly flights before Covid. ...

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