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February 11, 2023 Local News
Dubai / WAM The General Department of Transport and Rescue at Dubai Police has launched the ‘Safe Winter’ campaign to ensure the safety of residents and visitors during winter. As part of the campaign, the police urge the public to take necessary precautions and follow safety guidelines to avoid accidents. They are also urging the public to check weather ...
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February 11, 2023 Local News
Abu Dhabi / Gulf Time Adnoc Dhow Bearing Race 22-foot is scheduled to start at 3 pm on February 11. The race, which is organised for a distance of 7 nautical miles, will start from A’Ali area in Lulu Island and will go towards the finish line at the flagpole on Abu Dhabi Corniche, where first place winners will be ...
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February 11, 2023 Aviation
Bloomberg Boeing Co is set to score a 15-strong order for 737 Max jets from Greater Bay Airlines Co., a person familiar with the matter said, a win for the US company over rival Airbus SE, which had also been vying to supply planes that will be the backbone of the Hong Kong carrier’s operations. Greater Bay Air has ...
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February 11, 2023 Retail
Bloomberg Vice President Kamala Harris announced $950 million in contributions from companies including Target Corp. and Nestle SA aimed at addressing poverty and violence that is driving migration from Central America. Target has promised to boost spending in the region by $300 million over a decade and increase the use of vendors from El Salvador, Guatemala and Honduras. Nestle ...
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February 11, 2023 Retail
Bloomberg Japanese convenience store operator Lawson Inc. is exploring strategic options for its China operation, people with knowledge of the matter said, as consumption in the country recovers after Covid lockdowns. The Tokyo-based firm has held talks with advisers as it weighs possibilities to boost growth in the China unit, including introducing strategic partners and selling minority stakes. Deliberations are ...
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February 11, 2023 Retail
Bloomberg Makers of infant formula use misleading marketing and aggressive lobbying tactics to drive sales in a $55 billion-a-year industry, according to a three-paper series from the World Health Organisation (WHO). Manufacturers make unsubstantiated claims about their products, such as that they are very similar to actual breast milk or can ease infants’ discomfort, say the WHO papers published in ...
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February 11, 2023 Aviation
Bloomberg The Pentagon and Lockheed Martin Corp. have reduced laundry list of deficiencies on the contractor’s F-35 with fighter jet, the world’s costliest weapons program, due for a key combat simulation by mid-year. The number of “open deficiency reports†now stands at 831, the Defense Department’s F-35 program office said, down from 845 in September 2021. Earlier last year ...
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February 11, 2023 Energy
Bloomberg Shell Plc faces a new front in climate litigation as lawyers, supported by a group of shareholders, sue the oil giant’s board in the UK. Two years after a Dutch court ordered Shell to slash its emissions, ClientEarth are filing the first lawsuit of its kind anywhere in the world against 11 members of the board, accusing them of ...
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February 11, 2023 Energy
Bloomberg ArcelorMittal SA cautioned on the outlook for steel demand, noting the woes of the Chinese real estate sector and tighter monetary policy could drag on consumption this year. Whether China will recover strongly after lifting tough coronavirus restrictions has been the key question for commodities markets. Industrial metals surged at the start of the year on bets of ...
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February 11, 2023 Energy
Bloomberg A unit of Vitol group agreed to acquire Petroliam Nasional Bhd.’s 74% stake in Engen Ltd., South Africa’s largest fuel-station chain, forming a retailer that spans the continent. The acquisition of the controlling stake in Engen from the Malaysian national oil company by Vitol’s Vivo Energy will help the energy trader form a group with 3,900 service stations ...
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