WASHINGTON, DC / WAM The World Government Summit Organisation and the International Finance Corporation (IFC), a member of the World Bank group, signed a cooperation framework to deepen their partnership around key development issues in the Arab region including supporting women entrepreneurs, on the sidelines of the International Monetary Fund & World Bank Group Annual Meetings in Washington, DC. …

Bloomberg United Airlines Holdings Inc. is closing in on an order for more than 100 widebody jets as it studies offers for Boeing Co.’s 787 Dreamliner and Airbus SE’s A350. The transaction would be one of the largest-ever purchases of long-range aircraft. It’s part of a broader push by Chief Executive Officer Scott Kirby to upgrade United’s offering a little …

Bloomberg The European Union (EU) finalised a deal with the Association of Southeast Asian Nations (Asean) to expand flights between the two trading blocs following negotiations that began six years ago. The deal, signed on Monday in Bali, Indonesia, will add passenger and cargo services between and beyond both regions, boosting connectivity as Asia reopens following Covid-19 restrictions, the EU …

  Bloomberg Prices for the most popular pre-owned Rolex, Patek Philippe and Audemars Piguet watches will fall further as the market has been flooded with supply, analysts at Morgan Stanley said in a report. After surging in 2021 and during the first quarter of 2022, an index of the most popular models from Daytona chronograph maker Rolex tracked by WatchCharts …

  Bloomberg Domino’s Pizza Inc’s better-than-expected quarterly sales are a further indication that even in the face of inflation, consumers are still indulging in their favourite meals and snacks. Domino’s stock surged as much as 11% in New York trading, the most since July 2021, after US comparable-store sales beat analyst estimates. Overall it was a mixed quarter, with revenue …

Bloomberg Airbus SE Chief Executive Officer Guillaume Faury said high energy prices are weighing hard on suppliers to its jetliner programs and that some smaller firms are having to idle production. While the worst of a supplier crunch triggered by shortages of labour and raw materials may be over, the high cost of power has become a pressing issue for …

  Bloomberg Indian smartphone maker Lava International Ltd. is in advanced talks with China’s Huaqin Technology Co. to create an electronics manufacturing venture in the South Asian nation. The venture would aim to win contracts from US and Chinese customers for research and development, design, and manufacturing of electronics products, according to a letter from Lava to India’s technology ministry …

Bloomberg The pound rallied and UK bonds surged as more of Prime Minister Liz Truss’s package of unfunded tax cuts were reversed. Stocks rise, with investors preparing for a number of key earnings reports this week. Chancellor Jeremy Hunt said the UK will raise £32 billion ($36.15 billion) with new measures, scrapping plans to cut income tax and dropping a …

  Bloomberg Chinese regulators are ramping up efforts to support the stock market, which saw little reprieve from President Xi Jinping’s speech amid continued pressure from geopolitical tensions and the Covid Zero policy. A series of market-supporting measures are in the pipeline, including proposals to encourage companies to buy back shares and to ease curbs on short-term transactions by overseas …

Bloomberg Food importers from Africa to Asia are scrambling for dollars to pay their bills as a surge in the US currency drives prices even higher for countries already facing a historic global food crisis. In Ghana, importers are warning about shortages in the run up to Christmas. Thousands of containers loaded with food recently piled up at ports in …