Bloomberg It was President Donald Trump who dominated the headlines in monetary policy over the past 10 days with his choice of Jerome Powell to chair the US Federal Reserve. Yet the club of central bank chiefs the American is set to join has been making plenty of news. The Fed, now helmed by Janet Yellen, left itself on course ...

Bloomberg Bombardier Inc. will miss this year’s delivery target for its flagship C Series jet as Canada’s biggest aerospace company grapples with engine delays. Customers will receive only 20 to 22 of the new aircraft this year, down from an earlier plan for about 30, Bombardier said in a statement. The Montreal-based planemaker also announced that an unidentified European client ...

Bloomberg Bain Capital LP is in the final stages of bidding for Blackstone Group LP’s seaplane operator in the Maldives, the tropical island chain known for its white sand and turquoise waters, according to people familiar with the matter. The buyout firm is partnering with Chinese conglomerate Tempus Group Co. in its bid for control of Trans Maldivian Airways Pvt, ...

Bloomberg Amazon.com Inc. is scaling back its grocery delivery service Amazon Fresh in parts of at least seven states, tweaking its strategy after buying Whole Foods Market in June. The states affected are New York, New Jersey, Pennsylvania, Maryland, Virginia, Connecticut and California. Amazon launched the Fresh delivery service a decade ago in Seattle, which was its first foray into ...

Bloomberg Singapore Airlines Ltd., the first carrier to put a double bed in its cabins, is spending $850 million to refit all its Airbus SE A380 jets as it fights neck and neck with airlines such as Emirates for passengers paying top dollar. The flag carrier unveiled its first major overhaul across cabins of its Airbus SE A380s since 2007, ...

ABU DHABI / WAM Non-oil trade between the UAE and Nigeria, Africa’s largest economy, stood at $1.3 billion in 2016, according to a report released by the Ministry of Economy on trade policy review with the West African country. As the largest oil exporter in Africa with huge natural gas reserves, Nigeria is ranked as the 26th largest economy in ...

Abu Dhabi / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, said that the UAE, led by President His Highness Sheikh Khalifa bin Zayed Al Nahyan, has made great strides in building a solid base for military and defence industries with national hands. His Highness ...

HAMBURG / Reuters Emirates hopes to order more Airbus A380 super jumbos at the Dubai airshow this month, the airline’s chairman said. “I hope we will be able to do it,” Sheikh Ahmed bin Saeed Al-Maktoum said at a ceremony to receive the airline’s 100th A380, saying that negotiating teams were working on it. Emirates is the world’s biggest customer ...

Dubai / WAM The Media Zone Authority (MZA) – Abu Dhabi, the regulatory body of twofour54, and the General Commission of Audiovisual Media (GCAM) of Saudi Arabia signed on Saturday a Memorandum of Understanding (MoU) that will see both organisations collaborate on efforts to help grow the media sector in the region. The agreement aims to strengthen ties between both ...

Abu Dhabi / WAM Sultan bin Saeed Al Mansouri, Minister of Economy, has received Milutin Simovic, Deputy Prime Minister for Economic Policy and Financial System and Minister of Agriculture and Rural Development of Montenegro. The ministers discussed means to enhance trade and investment relations and develop frameworks of cooperation in areas of mutual interest between the two countries. Discussions revolved ...