Sharjah / WAM Ambassador of Pakistan in the UAE Faisal Niaz Tirmizi has highlighted friendly economic policies, investment opportunities and ease of doing business in Pakistan. This came during his meeting with Abdullah Sultan Al Owais, Chairman of Sharjah Chamber of Commerce and Industry and Expo Center Sharjah. Ambassador Tirmizi invited the chamber’s investment in hospitality and tourism sectors ...

  Dubai / WAM In line with Dubai’s drive to become the world’s smart mobility hub, Dubai South on Wednesday signed a memorandum of understanding (MoU) with Evocargo for the launch of the UAE’s first autonomous vehicle trials for cargo at the master development’s Logistics District. The trials will see EVO.1, Evocargo’s unmanned electric logistics vehicle, navigate Dubai South’s Logistics ...

Bloomberg United Airlines Holdings Inc agreed to buy 100 Boeing Co 787 Dreamliners as part of a multibillion-dollar order for as many as 300 new aircraft, revamping the carrier’s fleet with one of the largest plane deals in recent years. The pact includes 100 firm orders for the widebody model along with options to add another 100, the companies said ...

  Bloomberg Hong Kong’s High Court approved Hong Kong Airlines Ltd’s HK$49 billion ($6.3 billion) debt restructuring plan, boosting the carrier’s chance of survival after years of financial turmoil. At a hearing, Justice Jonathan Harris said the court was sanctioning a so-called scheme of arrangements for Hong Kong Airlines. Counsel for the carrier, which is backed by bankrupt Chinese conglomerate ...

  Bloomberg TUI AG agreed on a plan to repay a chunk of its bailout package from the German government, the latest sign of the travel sector’s recovery from the coronavirus pandemic. The pickup in travel means the company can repay most of the remaining aid by the end of 2023, TUI said in a statement. The repayments will be ...

  Bloomberg A fresh wave of train strikes has hit Britain’s retailers even harder than the omicron variant of Covid-19 that threatened to ruin Christmas last year, according to fresh data showing a steep drop in the number of shoppers. Almost 10% fewer people visited high-street stores— the first day of a string of strikes across the rail network — ...

  Bloomberg Taco Bell’s Gen Z diners increasingly want to eat chicken instead of beef. The Yum! Brands Inc chain said this creates an opportunity for Taco Bell to introduce more chicken-based items, especially for those younger customers. There’s also room for the Mexican-themed restaurant to boost sales with its breakfast and lunch businesses, said Mark King, chief executive officer ...

  Bloomberg Honest Co, the personal-care company founded by actress Jessica Alba, appointed former Amazon.com Inc and General Mills Inc executive Carla Vernón as its new chief executive officer. Vernón assumes the role starting from January 9 and will replace Nick Vlahos, who has led the company since 2017 and took it public last year. Vlahos will remain on Honest’s ...

  Bloomberg China seems to be embracing a fast and explosive Covid reopening, a risky approach that’s worrying observers given the vast country’s vulnerabilities. Since embarking on a landmark shift away from its zero-tolerance policy just a week ago, China has dismantled most of its internal restrictions, casting aside the stringent playbook used to eliminate the virus for the past ...

  Bloomberg Mahindra & Mahindra Ltd plans to invest 100 billion rupees ($1.2 billion) in a plant to make electric sports utility vehicles, a significant shift for a company that has been heavily reliant on gas-powered cars. Mahindra will invest the funds over eight years to build the factory in Pune, western India, according to an exchange filing. It will ...