Tuesday , 16 December 2025

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Alitalia attracts EasyJet, Delta bids in new attempt at sale

Bloomberg Italy’s Alitalia SpA attracted bids from European discounter EasyJet Plc and US giant Delta Air Lines Inc., as the government renews attempts to sell the bankrupt flag-carrier. UK-based EasyJet said in a statement that it submitted a revised expression of interest in Alitalia, while Delta also presented a proposal. Italian state railway company Ferrovie dello Stato said it also …

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Coty cuts deal with Alibaba to court Chinese shoppers

Bloomberg Coty Inc. wants to get closer to valuable Chinese consumers of cosmetics, hair care and fragrances, and will do so through a partnership with Alibaba Group Holding Ltd. The beauty company and online giant are teaming up on interactive vending machines in malls of major Chinese cities, as well as on initiatives with beauty and hair salons, and lets …

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Southwest offers free in-flight movies

Bloomberg Southwest Airlines Co. is giving up on charging for in-flight movies, bowing to feedback from passengers accustomed to not paying on rival carriers. Free flicks will be available on some Wi-Fi-enabled jets and will be rolled out to most customers by the end of the week, Southwest said in a statement. That makes the Dallas-based discounter the last of …

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Amazon executive rips news leaks about 2nd headquarters

Bloomberg An economic development director at Amazon.com Inc. isn’t happy about a Washington Post report that the e-commerce giant is in advanced talks with a Washington suburb about being the location for its second headquarters. In a recent tweet, Amazon’s Mike Grella addressed “the genius leaking info,” saying: “You’re not doing Crystal City, VA any favours. And stop treating the …

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UK promotes global airline carbon market after Brexit

Bloomberg Britain is urging the European Union to support a global carbon market for emissions from airlines, a move that would probably supersede the bloc’s own trading program. Aviation is too big of an industry to be covered piecemeal by regional pollution rules, according to Liz Sugg, the UK’s aviation minister. Flights within the union are covered by the EU’s …

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UAE, Tajikistan talk cooperation in food security

DUSHANBE / WAM UAE Ambassador to Kazakhstan and Non-resident Ambassador to Tajikstan, Dr Mohamed Ahmed bin Sultan Al Jaber, met Tajik Minister of Agriculture Izatullo Sattori, to explore prospects for joint cooperation in agriculture and food security. The Tajik minister welcomed UAE investment in these areas, expressing his government’s readiness to pr-ovide every possible assistance and facilities in this regard.

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Businesses urged to keep financial data confidential

ABU DHABI / WAM The Federal Tax Authority (FTA) called on businesses registered for tax purposes not to disclose their financial or tax data to any person or organisation that is not officially authorised to deal with such data. The authority stressed in a statement that it is necessary to remain vigilant about messages received via e-mail or mobile phone …

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FinTech Hive deepens global access with 10 landmark pacts

DUBAI / WAM Dubai International Financial Centre (DIFC) has strengthened its position as Measa’s number one fintech hub and one of the world’s top 10 FinTech hubs with a series of landmark agreements between FinTech Hive at DIFC and global Fintech accelerators. FinTech Hive at DIFC, the first and largest financial technology accelerator in the Measa region, has signed more …

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Exxon, Chevron surprise Wall Street as Permian lifts results

Bloomberg Exxon Mobil Corp. and Chevron Corp. delivered their strongest third-quarter results in four years, capping a week in which Big Oil enjoyed profits not seen since the days of $100 crude. Both companies reported double-digit production increases in the Permian Basin, the shale region in Texas and New Mexico that’s propelling total US oil output to an all-time high. …

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Suncor CEO goes on defensive over lagging Canadian oil

Bloomberg Sounds like Suncor Energy Inc.’s top executive is getting tired of analysts asking questions about lagging Canadian oil prices. On the company’s earnings call, Steve Williams was met with a slew of inquiries about how Western Canadian crude’s growing gap to US barrels is affecting his company. His answer: For the most part, it’s not. That’s a response he …

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