Bloomberg A second-hand Airbus SE superjumbo will fly for Norwegian Air Shuttle ASA later this month, giving a model once seen as the epitome of luxury a first taste of discount travel. The A380 has been drafted in to operate between London Gatwick airport and New York’s John F. Kennedy hub after the grounding of some of Norwegian’s own Boeing ...
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Kellogg struggles to grow in US business even as earnings beat
Bloomberg Kellogg Co.’s home market remains a challenge. The company posted second-quarter sales and profit that topped analysts’ estimates and raised its revenue forecast for the year. But struggles to ignite growth in its US cereal and snacks businesses damped investor enthusiasm. The shares fell as much as percent 3.8 percent to $66.79, the biggest intraday decline in three months. ...
Read More »Synchrony’s Walmart loss puts Sam’s Club renewal in focus
Bloomberg Synchrony Financial lost out to Capital One Financial Corp. for a credit-card contract with retail giant Walmart Inc. Now, the company is poised to defend its turf for a Walmart subsidiary. Capital One is interested in examining the Sam’s Club portfolio currently held by Synchrony, according to people familiar with the situation, who asked not to be identified because ...
Read More »UAE a leading tourism destination
ABU DHABI / WAM The UAE, which provides comfort to its citizens and tourists alike and has prioritised its heritage and preserved its history for the modern world, has become a leading international tourism destination, where authenticity is combined with modernity and development, through its rapid urban development that is the fastest in the Middle East and around the world. ...
Read More »Adnic profit up 17.1% to AED150.5mn in first half
Abu Dhabi / WAM Abu Dhabi National Insurance Company (Adnic), announced its financial results for the first half of 2018 on Wednesday. Adnic reported a net profit of AED150.5 million for the period, up 17.1 percent year-on-year. Commenting on the results, Sheikh Mohamed bin Saif Al Nahyan, Chairman of Adnic, said, “On behalf of the Board of Directors, I am ...
Read More »Oil falls as trade war risks persist
Bloomberg Oil fell to the lowest in more than a week amid a surprise jump in US crude inventories and an escalating trade dispute between the US and China. Futures in New York fell as much as 1.4 percent. The American Petroleum Institute was said to report US stockpiles rose 5.59 million barrels last week. Meanwhile, the US will propose ...
Read More »Emirates, Italy’s Trenitalia sign codeshare pact
DUBAI / Emirates Business Emirates and Trenitalia, Italy’s national railway company, on Wednesday announced a new codeshare agreement which will enable Emirates customers from across its worldwide network to discover new destinations across Italy. With just one easy-to-book ticket, travellers will be able to fly on Emirates and reach some of Italy’s most picturesque cities and towns using high speed, ...
Read More »ADFSC agricultural supply centres’ sales up 22.6%
Abu Dhabi / WAM The agricultural supply centres of the Abu Dhabi Farmers Services Centres (ADFSC) achieved a growth of 22.6 percent in their sales of agro-inputs, veterinary products and tools and equipment during the first half of 2018, compared to the same period of 2017. The ADFSC marketed 14.6 tonnes of fresh vegetables produced by farms in the first ...
Read More »Sheikh Zayed established legacy of tolerance: Nahyan
ABU DHABI / WAM Sheikh Nahyan bin Mubarak Al Nahyan, Minister of Tolerance, said that Founding Father, the late Sheikh Zayed bin Sultan Al Nahyan, had established the legacy of tolerance that is unique in the region and the entire world. “This legacy enabled the country to host over 200 nationalities, who live with dignity and respect and work with ...
Read More »ADIHEX to celebrate legacy of Sheikh Zayed
Abu Dhabi / WAM The 16th edition of the Abu Dhabi International Hunting and Equestrian Exhibition (ADIHEX) will be held from September 25-29 at the Abu Dhabi National Exhibition Centre (Adnec). Held under the patronage of HH Sheikh Hamdan bin Zayed Al Nahyan, Ruler’s Representative in Al Dhafra Region and Chairman of the Emirates Falconers’ Club, this year’s exhibition with ...
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