Dubai / Gulf Time The new decade has been incredibly challenging for the world’s economy, regardless of region and industry. And even though some industries have seen recovery and even growth, many are struggling to break even still. Same thing goes for customer demographics: while some have returned to their previous spending habits, some are looking for the best ...

Bloomberg Southwest Airlines Co says it’s sparing nothing in an operations review after a Christmastime meltdown stranded tens of thousands of passengers. But that’s not likely to include junking its network or losing its top executive. Chief Executive Officer Bob Jordan is pledging that no aspect will escape scrutiny, including the airline’s unique point-to-point route network that can limit the ...

Bloomberg Boeing Co shares posted their largest quarterly gain in 40 years after executives laid out a plan to turnaround the company after four years of turmoil that have cemented Airbus SE’s lead as the world’s biggest planemaker. Boeing’s shares soared 57% during the final three months of the year, adding $42 billion to its market value, according to data ...

  Bloomberg Australia said travellers departing China, Hong Kong and Macau will require a negative Covid-19 test before boarding flights to the country. The temporary measure, which will start from January 5, has been put in place because of a “lack of comprehensive information” about the situation in China, Health Minister Mark Butler said. “The decision to implement these temporary ...

  Bloomberg Aldi’s UK supermarkets faced a rush of customers as it quickly sold out of an £1.99 ($2.40) energy drink launched by YouTube stars Logan Paul and KSI. Long queues formed outside the budget grocer’s stores amid a craze for the drink, called Prime, which can sell for over £10 a bottle online. “As with all our Specialbuys, Prime ...

Bloomberg The Philippines said hundreds of flights were cancelled or diverted after technical issues related to air traffic navigation, with planes on other international routes also prevented from passing through its airspace. There were no commercial flights in the Philippines on Sunday, according to a tweet by Flightradar24, which tracks air traffic. More than 280 local flights were either delayed, ...

  Bloomberg A Chinese fighter plane flew within 20 feet (6 metres) of a US Air Force reconnaissance aircraft over the South China Sea in what the US Indo-Pacific Command called “an unsafe maneuver.” The unusually close encounter happened on December 21 but wasn’t disclosed until later, when the command issued a statement after verifying the details and getting approval ...

Bloomberg Chancellor Olaf Scholz urged citizens to continue their energy-saving drive and said Germany’s new floating LNG terminals will make Europe independent of Russian gas for the long term. In his New Year’s address to the nation, Scholz acknowledged that the energy crisis triggered by Vladimir Putin’s invasion of Ukraine was a “tough test” for the continent’s biggest economy. But ...

  Bloomberg President-elect Luiz Inacio Lula da Silva has selected a senator and former Petrobras official to lead Brazil’s state-controlled oil giant with the aim of turning it into a renewable energy powerhouse. Jean Paul Prates, a senator for Lula’s Workers’ Party, confirmed Lula’s invitation in a note sent from his press office. Moments later, Lula congratulated Prates on Twitter, ...

  Bloomberg Power plants that burn coal and natural gas to produce electricity had significant drops in generation as a winter storm hit the US Southeast, forcing blackouts that left hundreds of thousands in the dark. Duke Energy Corp. and the Tennessee Valley Authority cut power to homes and businesses during the holiday season as an extreme winter storm pummeled ...