Bloomberg JetBlue Airways Corp. is promoting Joanna Geraghty to president, tasking her with running day-to-day operations while freeing up Chief Executive Officer Robin Hayes to focus on long-term planning. Geraghty, 45, will also oversee the airline’s commercial team, JetBlue said in a statement. Hayes, 51, will manage efforts to improve profit margins and the company’s expansion into related travel and …

Bloomberg At Zara’s new flagship store in London, shoppers can swipe garments along a floor-to-ceiling mirror to see a hologram-style image of what they’d look like as part of a full outfit. Robot arms get garments into shoppers’ hands at online-order collection points. iPad-wielding assistants also help customers in the store order their sizes online, so they can pick them …

GENEVA / WAM The UAE participated in the 2nd edition of the AI for Good Global Summit, which was organised by ITU in Geneva, in partnership with other UN organisations. Addressing the three-day event, Omar bin Sultan Al Olama, Minister of State for Artificial Intelligence, spoke about the UAE’s role in leading the international drive for AI governance to serve …

Abu Dhabi / WAM The Abu Dhabi City Municipality has called upon property developers to expedite the registration of their real estate development projects under the Real Estate Regulatory Law No. 3/2015. A statement to this effect was made during a meeting with escrow account managers and developers and licensing of property units team at the Municipality. Attendees of the …

Bloomberg Crude in London posted the longest stretch of weekly gains since 2011 in a market seen as being increasingly balanced as a result of OPEC’s produ-ction cuts. Both Brent and West Texas Intermediate crude slipped, paring weekly gains. Global prices have been supported this week by concerns over US sanctions against Iran, shrinking stockpiles and production shortfalls in Venezuela. …

Bloomberg Some of the world’s biggest fund managers are ratcheting up the pressure on oil and gas companies, expressing fear that a lack of action over tackling climate change could risk their investments. The comments come days before Big Oil kicks off annual shareholder meetings, where they are already facing calls from smaller investors to set clear targets on climate …

Bloomberg BP Plc and ConocoPhillips are in discussions for an asset swap deal that would see the UK energy major gain a greater foothold in a key project in the North Sea and the US explorer get Alaskan assets, according to people familiar with the talks. BP is considering taking Conoco’s 24 percent interest in the Clair field, in which …

Bloomberg Environmental groups opposed to US natural gas exports just found an unlikely ally: the Commodity Futures Trading Commission. The government agency that regulates futures and options markets found that shipping gas overseas could raise costs for Americans. Domestic prices could rise as much as 20 percent due to the burgeoning industry that liquefies gas so it can be shipped …

Bloomberg The technology boom powering Asia’s economies is about to get a reboot. Explosive growth in new-era gadgets such as wearable devices and internet-linked home appliances is tipped to offset cooling sales of smartphones, which has already dinged Asia’s tech manufacturers. “Where demand may be softening in some areas it will be strengthening in others,” Koshy Mathai, a senior official …

Bloomberg China’s biggest Netflix-like streaming site finally has a plan to get into the rapidly expanding arena of social and user-generated short-form videos. But iQiyi Inc. reckons it’ll take as long as three years to get there. The Baidu Inc. spinoff had long recognised the potential but chosen to focus on its core business out of necessity, iQiyi Chief Executive …