Abu Dhabi / Gulf Time The first round of the UAE Remote Control Boat Championship, which was held on Abu Dhabi breakwater, recorded a large number of participants. The championship, organised by Abu Dhabi Marine Sports Club, drew as many as 36 contestants in three categories — 2-Cell, 3-Cell and 4-Cell for juniors, novices and professionals respectively. In 2-Cell ...

  Bloomberg Starbucks Corp. reported profit and comparable sales that trailed Wall Street’s expectations as weakness in China weighed on results, sending shares down in late trading. Executives reaffirmed confidence in the country and predicted a recovery there this year. Comparable sales of 5% in the quarter ended January 1 were below the average estimate for 6.8% growth compiled by ...

  Bloomberg The insolvency administrator of Frankfurt-Hahn airport in western Germany said he’s secured different “sale variants” for the facility and concluded two purchase agreements with investors who are independent of each other. The administrator’s comment comes amid reports of several interested parties for the insolvent airfield. The agreements are subject to conditions “so that ultimately only one purchase agreement ...

  Bloomberg The frequent-flyer clubs of marquee Asian airlines including Cathay Pacific Airways Ltd. and Singapore Airlines Ltd. fell further behind those of US rivals during the pandemic, highlighting the region-wide damage from prolonged travel restrictions. Led by Delta Air Lines Inc., loyalty divisions at the four major US airlines cemented their positions in early 2023 as the world’s most ...

  Bloomberg As a rout in the price of food commodities from wheat to cooking oil deepens, the cost of products on grocery shelves continues to rise. Almost a year on from Russia’s invasion of Ukraine, which sent grains and other staples soaring to a record, a United Nations’ index of food-commodity costs fell for a 10th straight month in ...

  Bloomberg Space Exploration Technologies Corp. is part of a payload contract Nasa has awarded for as much as $100 million over a decade. Elon Musk’s rocket launch and satellite operator will share the contract for unspecified “commercial payload processing services” with Astrotech Space Operations LLC, a unit of Lockheed Martin Corp., the government’s space agency has announced in a ...

  Bloomberg A Greek government-owned fund has picked banks for an initial public offering of its 30% stake in Athens International Airport. The Hellenic Republic Asset Development Fund (HRADF) has chosen Bank of America Corp. and Morgan Stanley to lead work on the share sale, which will likely take place in the second half of the year. It has selected ...

Bloomberg The US is preparing to impose a 200% tariff on Russian-made aluminum as soon as this week to keep pressure on Moscow as the one-year anniversary of the invasion of Ukraine nears. The move has been contemplated for months, said the people, who asked not to be identified discussing internal deliberations. The people added that the US is also ...

Bloomberg Health care workers are walking out in record numbers this week, crippling the National Health Service and piling pressure on Prime Minister Rishi Sunak to resolve multiple disputes over pay for public-sector workers. Some 100,000 nurses are striking alongside about 10,000 ambulance workers on Monday, with 4,200 physiotherapists walking out on Thursday. Nurses will take action again on Tuesday, ...

  Bloomberg German factory orders grew more than anticipated in December in the latest sign that Europe’s largest economy will get through the winter without seeing a slump. Demand increased 3.2% from the previous month, more than the 2% rise analysts had predicted in a Bloomberg survey. The jump was due to large orders, without which there would have been ...