BLOOMBERG United Airlines Holdings Inc suffered a temporary grounding of its aircraft nationwide due to a software update that caused a “widespread slowdown” in its technology systems. The Chicago-based carrier requested the grounding for its main operation and regional after its aircraft were unable to contact flight dispatchers using normal means, according to a posting on the Federal Aviation Administration’s ...

ABU DHABI / WAM Abu Dhabi Commercial Bank PJSC (ADCB) has announced that it has successfully priced a $650 million green bond, the proceeds of which will be used to finance eligible green assets as outlined in ADCB’s Green Bond Framework. Following an extensive global investor roadshow, the green bond priced at a spread of 125 bps above US treasuries ...

DUBAI / WAM Arabian Travel Market (ATM) will convene its 31st edition at Dubai World Trade Centre (DWTC) on May 6-9, 2024, under the theme of “Empowering Innovation: Transforming Travel Through Entrepreneurship”. With exhibitors from the fields of aviation, accommodation, hospitality, attractions, technology and more, ATM 2024 will explore how innovators in the travel and tourism space are working to ...

NEW YORK / WAM Dennis Francis, President of the 78th Session of the UN General Assembly, has said that the upcoming United Nations Climate Change Conference (COP28), to be held in the UAE at the end of this year, is a crucial moment for the world to come together and line up behind faster, more equitable and transformative climate measures. ...

SHARJAH / WAM HH Sheikh Sultan bin Ahmed bin Sultan Al Qasimi, Deputy Ruler of Sharjah and Chairman of Sharjah Media Council, chaired, on Wednesday, the regular meeting of the Sharjah Media Council, at the 06 Mall in the emirate of Sharjah. He praised the efforts of the institutions of the Sharjah Media Council during the past period and the ...

DUBAI / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, witnessed the signing of an agreement between the Dubai Electricity and Water Authority (Dewa) and Masdar, Abu Dhabi Future Energy Company, to build and operate the 1,800 megawatt (MW) sixth phase of the landmark Mohammed bin Rashid ...

BLOOMBERG China’s burgeoning robotics industry has ascended towards mid- and high-end markets, with the nation emerging as a frontrunner in specific robot technologies and their applications, as reported by the Chinese newspaper People’s Daily Online. Beijing hosted the World Robot Conference 2023 (WRC 2023), presenting a panorama of the latest in robotics. The event featured nearly 600 exhibits from 160 ...

BEIJING / WAM China has reported robust progress in its industrial development this year, marked by significant milestones in several sectors, according to the Chinese newspaper Peoples Daily Online. The nation’s first domestically-produced large cruise ship has wrapped up its maiden test voyage, with plans for its official naming and delivery by year’s end. Further consolidating its aerospace credentials, two ...

BLOOMBERG UBS Group AG will double the coverage of single stocks that Credit Suisse wealth clients can access as it moves to integrate the two firms’ research offerings. The transition will enable Credit Suisse wealth clients to receive research from UBS’s team, expanding coverage to over 3,000 stocks, according to a memo sent to customers. That also means those clients ...

BLOOMBERG European stocks fell amid weak German data and elevated oil prices that reignited concerns over inflation. The Stoxx 600 index retreated 0.6%, sliding for a sixth day after German factory orders plummeted in July, a sign that the woes of Europe’s biggest economy continued into the third quarter. The euro jumped as much as 0.2% against the dollar after ...