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Youth Circle organised in Dubai to discuss sustainability issues

DUBAI / WAM The Dubai Youth Council, in cooperation with the Dubai Electricity and Water Authority’s (Dewa) Youth Council, has organised a Youth Circle under the theme ‘Towards a Sustainable Future’ to discuss environmental sustainability and the vital role of global cooperation and COP28 in facing the challenges of climate change. The event also discussed the objectives of the Dubai ...

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ERC inaugurates housing project in Latakia in Syria

LATAKIA / WAM The Emirates Red Crescent (ERC) has inaugurated the 47- prefabricated unit Al Naqa’a housing project in the Latakia Governorate in Syria. Upon the directives of President His Highness Sheikh Mohamed bin Zayed Al Nahyan, ERC announced in April the construction of 1,000 prefabricated housing units in seven areas in the Latakia Governorate worth AED65 million to assist ...

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Head of Ethiopian community commends Emirati-Ethiopian friendship and cooperation

DUBAI / WAM Idris Abdullah, Head of the Ethiopian community in Dubai and the Northern Emirates, underscored the depth of the relations between his country and the UAE, based on friendship and cooperation across economic, social and cultural aspects. In a statement to the Emirates News Agency (WAM), Abdullah pointed out the good treatment, values of tolerance and mutual respect ...

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Estée Lauder outlook misses as duty-free sales lag in Asia

BLOOMBERG Estée Lauder Cos gave a profit outlook that fell short of estimates, a sign the beauty company expects continued struggles in its crucial travel retail business in Asia. The owner of the MAC and Tom Ford brands said it sees those struggles causing a net loss as well as a sales decline of 10% to 12% in the current ...

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Slimfast demand slumps as dieters turn to weight loss drugs

BLOOMBERG Sales of SlimFast, the meal replacement shakes, have dropped in the US as people turn to new blockbuster weight-loss drugs instead. Consumption of Slimfast was down 33% in the 12 weeks to July 16 compared with a year earlier, according to Glanbia Plc, the owner of the brand, which released its first-half earnings statement. Injectable drugs to help people ...

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FAA posts move for fixes to Pratt’s A320 engines

BLOOMBERG US aviation regulators outlined inspections needed for potentially faulty parts on some of Pratt & Whitney’s geared turbofan engines that power Airbus SE’s best-selling A320neo model. The directive affects 20 engines on US-registered aircraft, according to a regulatory filing by the Federal Aviation Administration (FAA). The impact on the worldwide fleet will be larger as other nations adopt the ...

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American Airlines sues Skiplagged over ticket price loophole

BLOOMBERG American Airlines Group Inc sued the travel website Skiplagged, which claims to help passengers save money using loopholes in ticket pricing that the airline alleged are bogus. Skiplagged isn’t authorised to sell American tickets and is deceiving customers into thinking they can book a cheaper flight using “hidden city fares,” according to the federal lawsuit filed in Texas. The ...

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Amazon imposing fee on sellers who ship products themselves

BLOOMBERG Amazon.com Inc is imposing a new fee on merchants who don’t use the company’s logistics services, a change many of these sellers consider coercive and surprising since the US government is poised to file an antitrust lawsuit against the e-commerce giant. Thousands of third-party merchants who ship products via Amazon’s Seller Fulfilled Prime program will start paying a 2% ...

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