Bloomberg UBS Group AG’s head of mergers and acquisitions for Europe, the Middle East and Africa, Severin Brizay, is planning to leave to join Bank of America Corp., according to people familiar with the matter. Brizay will become head of consumer and retail investment banking for EMEA at the US lender, the people said, asking not to be identified as ...

Bloomberg The US threatened to impose sanctions against the European Union after the World Trade Organization ruled that Airbus SE received illegal government funding to develop jetliners, costing Boeing Co. sales. The final decision affirmed a 2016 finding that the EU had failed to eliminate unfair subsidies for two Airbus twin-aisle models, ending a long-running trade case. The international court ...

Bloomberg Walmart Inc. has ended a service where customers could ring up their own purchases, showing that old habits die hard even in the digital age. The retailer had offered its so-called “Mobile Scan & Go” technology in about 150 Walmart stores, after a successful rollout across its Sam’s Club warehouse chain. But while the service worked in Sam’s — ...

Bloomberg EasyJet Plc said it wants to expand its holiday-tour unit and attract more business travelers as new Chief Executive Officer Johan Lundgren moves the airline beyond an increasingly competitive discount market. Lundgren named five top managers, led by the appointment of Garry Wilson from TUI AG to head the holiday arm, which will become a focus for investment along ...

Bloomberg For millions of Indians flying West every year, there’s a new airline in town. And, it’s ultra-cheap. Iceland’s trans-Atlantic carrier Wow Air Ehf, which offers low-cost flights via its hub in Reykjavik, is entering India with tickets to the US at $199 starting from December 7. That would be the first no-frills option to passengers travelling from the South ...

Bloomberg Security and law enforcement agencies would be given new authority to monitor and take down threatening drones under bipartisan legislation proposed by a group of US Senators. A bill introduced by top members of the Senate Homeland Security and Governmental Affairs Committee would also direct the Department of Homeland Security to study drone technology and the emerging threats it ...

DUBAI / WAM Industrial readiness in the trade sector and technology advancements could bridge the current $1.5 trillion trade finance gap, with potential to inject new growth in trade, according to a report on ‘The Future of Trade’ from DMCC, the world’s flagship Free Zone and Dubai government authority on commodities trade and enterprise. The research highlights the emerging impact ...

ABU DHABI / WAM The UAE foreign assistance to Yemen has reached a total of AED13.82 billion ($3.76 billion) in the last three years, the Ministry of Foreign Affairs and International Cooperation (MoFAIC) announced. Since April 2015 and until April 2018, the UAE has continued to provide necessary relief aid to Yemeni citizens across a number of humanitarian and development ...

ABU DHABI / WAM The air transport agreement signed between the United Arab Emirates and the United States in 2002 is the legal framework governing the air transport relationship between the two countries and reflects the open skies policy adopted by both countries. The two sides have signed a record of discussion reflecting the strong relationship and the importance of ...

ABU DHABI / WAM Sultan bin Saeed Al Mansouri, Minister of Economy, and a senior Lebanese economic delegation, led by Mohamed Shuqair, Chairman of the Lebanese Economic Authorities, discussed ongoing economic and commercial ties between the UAE and Lebanon across a range of sectors, as well as their potential future development, while highlighting the importance of promoting cooperation between their ...