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‘Al Qana’ to host second round of ‘UAE MotoSurf Championship’

  Abu Dhabi / Gulf Time Under the patronage of Sheikh Mohammed bin Sultan bin Khalifa Al Nahyan, Chairman of the Board of Directors of the Abu Dhabi Marine Sports Club, the “UAE MotoSurf Championship” is scheduled to be held on March 18, 2023 in “Al Qana”, the unique waterfront located at the gateway of Abu Dhabi and considered one ...

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Covid cap forces United to delay extra China-US flights

Bloomberg United Airlines Holdings Inc. has delayed plans to add extra US-China flights by at least six months, according to a person with knowledge of the matter, as the two nations remain deadlocked over lifting Covid flight caps. The increase in flights was originally slated to start late next month, but the move was postponed over the weekend, said the ...

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Flights cancelled, bourse shut as intense cyclone Freddy nears Mauritius

  Bloomberg Mauritius’s only international airport and its stock exchange remained closed on Monday as tropical cyclone Freddy threatened the tourism-dependent island nation, according to statements from the respective operators. The storm at the weekend strengthened to a very intense tropical cyclone, according to Meteo France, with wind gusts near its center of about 300 kilometers per hour, making it ...

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Airbus says it lacks orders to boost Eurofighter jets output

Bloomberg Airbus SE’s plans to ramp up production of its Eurofighter aircraft and other key weapons systems are being held back because governments aren’t committing to orders, the head of its defense unit said. Michael Schoellhorn, the chief executive officer of Airbus Defence and Space, said he expects an uptick in orders for jets, drones and space-based products in the ...

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Lockheed Martin may build UK satellite facility, says Telegraph

Bloomberg Lockheed Martin Corp. has outlined plans to build a satellite factory in the UK, which would be its first such facility outside of the US, according to a report in the Telegraph. The Maryland-headquartered defence company has been looking into suppliers around the northern city of Newcastle, an emerging hub for space technology, said the company’s UK Chief Executive ...

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Morrisons to make price cuts worth $30m to help shoppers

  Bloomberg British supermarket chain Morrisons said it would cut prices across many of its own-brand products to help consumers squeezed by the cost of living crisis. The move, which Morrisons said would cost $30 million, will reduce prices by an average of 19% on items including potatoes, coffee and rice. The company has invested £148 million in cutting the ...

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Zara owner shelves Dublin building deal

  Bloomberg Amancio Ortega, the billionaire founder of the Zara clothing chain, pulled out of a 550 million euro ($588 million) deal to buy the Dublin office development that forms part of Meta Platforms Inc.’s European headquarters, the Sunday Times reported. Meta signed a 25-year lease on the Fibonacci Square complex in 2018 and agreed to pay an annual rent ...

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North London property prices jump as buyers return to capital

  Bloomberg Property sellers are seeking sharply higher prices across north London as young professionals return to jobs in the capital after the pandemic, a survey showed. Asking prices for homes in Camden surged 17.2% from a year ago and by 6% in the past month alone, the property search website Rightmove said Monday. Barnet and Islington notched up annual ...

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Ohio senator blames corporate greed for train crash, toxic spill

  Bloomberg Ohio Senator Sherrod Brown said corporate maneuvers that favor shareholders and company executives are to blame for safety lapses leading up to a train derailment that spilled toxic chemicals in a town in his home state. “This is the same old story — corporations do stock buybacks, they do big dividend checks, and they lay off workers,” Brown ...

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European gas price rises with late-winter cold snap in sight

  Bloomberg European natural gas prices rose on the prospect of a late-winter cold snap, after falling last week to the lowest level in almost 18 months. Benchmark futures advanced as much as 5.4% after dropping below €50 on Friday. Temperatures in cities including London and Madrid could fall from unseasonably high levels by the end of the week, with ...

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