BLOOMBERG Southwest Airlines Co kept its year-end outlook largely intact despite stronger-than-expected holiday travel, unsettling investors who had been anticipating a bigger boost. The carrier slightly raised the low end of its fourth-quarter revenue forecast while keeping projections for non-fuel costs and flight capacity unchanged. Fuel expenses will be as much as $3.10 a gallon in the period, Southwest said ...

BLOOMBERG Southwest Airlines Co has slashed its advertising dollars on X as the carrier increasingly interacts with customers outside of social media. “Our spend is down significantly,” Chief Executive Officer Bob Jordan said in an interview, adding that the pullback extends to other platforms besides X. “We are in the middle of evaluating that right now.” The shift is noteworthy ...

BLOOMBERG The dollar dropped to a four-month low as traders digested the clearest signal yet that the Federal Reserve’s aggressive hiking campaign is over. The Bloomberg Dollar Spot Index dropped as much as 0.5% to its lowest since August on Thursday, extending losses from the day prior after Fed officials penciled in a sharper pace of rate cuts than they ...

BLOOMBERG The eye-popping gains in some Asian equity minnows this year may broaden out to include larger frontier peers, as improving macroeconomic conditions bode well for earnings. The equity benchmarks of Pakistan, Laos and Sri Lanka are the biggest gainers in the region in 2023. A loan deal with the International Monetary Fund has helped spark a rally of more ...

BLOOMBERG Stocks and bonds rallied after the Federal Reserve signaled interest-rate cuts next year, unleashing a bullish pulse across markets amid optimism that inflation pressures are easing. Europe’s Stoxx 600 index surged as much as 1.7%, with rates-sensitive real estate stocks and miners leading the gains. Nasdaq 100 futures climbed 0.5%, setting up the underlying tech-heavy index for an attempt ...

ABU DHABI/ WAM H.H. Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi, has received H.H. Sayyid Theyazin bin Haitham Al Said, Omani Minister of Culture, Sports and Youth, at the Presidential Flight in Abu Dhabi, on a friendly visit to the UAE. H.H. Sheikh Khaled bin Mohamed bin Zayed Al Nahyan welcomed H.H. Sayyid Theyazin ...

DUBAI/ WAM Dr. Sultan bin Ahmed Al Jaber, Minister of Industry and Advanced Technology and COP28 President, lauded the success of the parties in delivering a comprehensive response to the Global Stocktake and all the other mandates, and finding a new way. In his statement at the closing plenary of the 28th UN Climate Change Conference (COP28), Dr. Al Jaber ...

ABU DHABI/ WAM President His Highness Sheikh Mohamed bin Zayed Al Nahyan today received His Highness Theyazin bin Haitham Al Said, Minister of Culture, Sports, and Youth of the Sultanate of Oman, at Qasr Al Shati in Abu Dhabi. His Highness the President extended a warm welcome to His Highness Theyazin bin Haitham, who conveyed the greetings of His Majesty ...

ABU DHABI/WAM Accompanied by H.H. Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Chairman of the Abu Dhabi Executive Council, His Highness Sayyid Theyazin bin Haitham Al Said, Omani Minister of Culture, Sports and Youth, has today visited the Louvre Abu Dhabi. During the visit, they toured the permanent exhibition halls and galleries at ...

ABU DHABI / WAM Sorbonne University Abu Dhabi (SUAD) hosted a series of 14 high-profile conferences during the 28th Conference of the Parties (COP28) in Dubai. This remarkable endeavour, organised by the Environment Centre of its Research Institute, convened from December 3-12. The agenda spanned an array of critical themes encompassing climate change, sustainability, environmental stewardship, and alignment with the ...