BLOOMBERG Ocado Group Plc said sales rose in the first quarter as new customers signed up to its online grocery business with Marks & Spencer Group Plc amid a rising cost-of-living crisis. Sales rose 3% on the year before and customers rose by nearly 14% during the period. Ocado expects to build on this momentum to return to sales growth ...

BLOOMBERG China Southern Airlines Co Ltd, the country’s largest airline by fleet size, expects to take delivery of more than 200 Boeing Co and Airbus SE single-aisle jets over three years. The Guangzhou-based carrier’s aircraft delivery and disposal plan revealed an addition of 103 Boeing 737 aircraft over the period. The report also showed that 111 Airbus A320 series jets ...

DUBAI / WAM United Airlines has launched a new nonstop daily service between its New York/Newark hub and Dubai International (DXB). United is the only US airline to offer non-stop flights between Dubai and the United States, flying to more destinations in the Middle East than any other US airline. The new service marks United’s return to Dubai, which the ...

BLOOMBERG Adani Group stocks slumped on Tuesday as local media reports sparked renewed concerns over the ports-to-power conglomerate’s ability to repay its debt. Adani Ports & Special Economic Zone Ltd fell 5.7% to close at 593.40 rupees — lower than the price GQG Partners paid to buy a stake earlier this month — after plummeting more than 9% earlier in ...

BLOOMBERG US futures and European stocks struggled for direction as investors awaited data for clues on monetary policy and assessed developments in the banking sector. Treasuries fell. Contracts on the S&P 500 were little changed, while those on the Nasdaq 100 dropped. European equities erased earlier gains as French lenders fell on news the country’s financial prosecutor is searching five ...

BLOOMBERG  Bank of England (BOE) Governor Andrew Bailey said global markets are testing “quite a lot” of the banking sector for any signs of trouble after the failure of Silicon Valley Bank (SVB) and the rescue of Credit Suisse Group AG. While the UK banking system remains in a “very strong position,” Bailey said the past weeks brought “moves in ...

ABU DHABI / WAM UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan received Their Highnesses the Supreme Council Members, Rulers of the Emirates at Qasr Al Watan Palace and exchanged with them the Ramadan greetings on Monday. They prayed to Allah Almighty to perpetuate the blessings of security and stability, and to revisit the fasting month with more ...

ABU DHABI / WAM UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan and His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, were briefed on the latest preparations for hosting COP28, in the presence of members of the Higher Committee overseeing the planning. HH Sheikh Mohamed bin Zayed said: “Since its ...

CAIRO / WAM The UAE participated in the signing ceremony of the Regional Framework Programme for the Arab Countries (2023-2028), and the launch of the Arab Plan for Prevention and Reduction of Drug Dangers to Arab Society, which was held at the headquarters of the General Secretariat of the League of Arab States. Mariam Al Kaabi, UAE ambassador to the ...

ABU DHABI / WAM In the presence of HH Sheikh Theyab bin Mohamed bin Zayed Al Nahyan, Member of the Abu Dhabi Executive Council, Abu Dhabi Sports Council and International Masters Games Association have signed an agreement to bring the world’s largest mass participation sporting event, the IMGA Masters Games, to Abu Dhabi. To be held in the Middle East ...