BLOOMBERG Taiwan expects satellite service by UK provider OneWeb will cover the entire island by the end of this year, the Central News Agency (CNA) cited Minister of Digital Affairs Audrey Tang as saying in an interview. Tang said the service expansion will provide more options for Low Earth Orbit  (LEO) satellites to Taiwan, according to the report. Backed by ...

BLOOMBERG Ethnic violence in India’s northeastern Manipur state has continued for more than a month, claiming over 100 lives and with mobs torching houses including those of the ruling party’s leaders. Mobs set ablaze junior foreign minister Rajkumar Ranjan Singh’s house in the state’s capital Imphal and targeted homes and offices of other leaders of the ruling Bharatiya Janata Party, ...

BLOOMBERG Secretary of State Antony Blinken met his Chinese counterpart in Beijing on Sunday as the Biden administration seeks to stabilise strained ties between the world’s two biggest economies. The top US diplomat, whose previous attempt to visit China in February was scrapped at the last minute when the US revealed an alleged Chinese spy balloon was floating over American ...

BLOOMBERG President Joe Biden called for new taxes on the wealthy and corporations and warned Republicans would roll back policies he argued had saved the US economy, setting out core themes as he kicked off his reelection campaign. Biden didn’t mention Donald Trump during a rally with union members in Philadelphia. Instead, the president contrasted his platform with his twice-indicted ...

BLOOMBERG United Airlines Holdings Inc is offering its pilots a contract with an incremental value in excess of $8 billion over four years, a figure that would make it the richest deal ever for a mainline US carrier. The company is negotiating weekly as it tries to reach a formal agreement with the union, Chief Executive Officer Scott Kirby said ...

BLOOMBERG Airbus SE predicted aircraft manufacturers will deliver 40,850 new jets over the next two decades as customers particularly in Asia expand their fleets and replace older aircraft with more fuel-efficient models. The plane manufacturer expects the global installed fleet to more than double through 2042 to 46,560 aircraft, with 23,680 planesrepresenting growth and 17,170 going toward replacement of older ...

BLOOMBERG The UK’s competition authority has ordered J Sainsbury Plc and Asda to stop using land agreements that prevent rivals opening nearby stores. The move will benefit discount supermarkets Aldi and Lidl which are opening more outlets as they gain market share in the UK’s highly competitive grocery market. Sainsbury and Asda, the UK’s second- and third-largest grocers, were found ...

BLOOMBERG Bed Bath & Beyond Inc has picked Overstock.com Inc as the lead bidder in an upcoming bankruptcy auction for the right to own the big box store’s brand. Overstock’s $21.5 million cash offer has been selected as the stalking-horse bidder for Bed Bath & Beyond’s intellectual property, according to court papers filed, setting the price floor for the bankrupt ...

BLOOMBERG Retail executives are sounding the alarm on in-store shoplifting as theft burns a multibillion dollar hole in their balance sheets. While most are vowing to fight back, they’re also expressing fears that they may be largely powerless to stop the problem. As if a possible recession and declining consumer sentiment wasn’t enough to worry about, retail executives are struggling ...

SHARJAH / WAM HH Sheikh Sultan bin Ahmed Al Qasimi, Deputy Ruler of Sharjah and President of the University of Sharjah, attended on Sunday, at the University City Hall, the graduation ceremony of undergraduate students at the University of Sharjah, the “Silver Jubilee batch” for spring semester 2022/2023. Sheikh Sultan bin Ahmed confirmed that there are many challenges that students ...