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July 25, 2022 Local News
Abu Dhabi / WAM The Abu Dhabi International Hunting and Equestrian (Adihex) has announced that it will be introducing the Adihex 2022 Arabian Horses Auction – Speed Races as the newest feature in its upcoming edition, Adihex 2022. Adihex 2022 will see the participation of a wide range of regional companies specialised in the manufacture of riding supplies, trailers, ...
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July 25, 2022 Energy, Uncategorized
Bloomberg Europe is again on edge about potential gas supply disruptions from Russia, even after the restart of the crucial Nord Stream pipeline following maintenance this week. A turbine that helps pump gas into the link is held up in transit in Germany after first being stranded in Canada due to sanctions. President Vladimir Putin has warned that shipments through ...
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July 25, 2022 Energy
Bloomberg Indian steel giant Tata Steel Ltd may close sites including Port Talbot unless it receives $1.8 billion in support from the UK government, the Financial Times reported. Natarajan Chandrasekaran, Tata Group chairman, said the firm had been in talks with the government for two years over funding for Tata’s transition to greener steel production. “We should come to ...
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July 25, 2022 Opinion
The contest for the Tory leadership may have weeks to run, but elite opinion has already plumped firmly for Rishi Sunak, former chancellor of the exchequer and Goldman Sachs banker, as its choice. The Times of London endorsed Sunak. The Financial Times and The Economist can be expected to follow. This is a mixed blessing for a candidate who ...
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July 25, 2022 Opinion
Much of the rich world is emerging from two years of pandemic more flush than it’s ever been. Deposits held by consumers at US commercial banks are roughly $3.5 trillion above where they’d have been if they continued the pre-pandemic trend, a position that inflation is only starting to eat away. For the airline industry, it’s precisely the opposite. While ...
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July 25, 2022 Opinion
The industrial sector is just a leadership shakeup away from having one of the highest rates of female chief executive officers in the S&P 500. Before you get too excited, the numbers are still small: There are 69 industrial companies on the benchmark index and as of the beginning of the year, four of them had female CEOs, according ...
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July 25, 2022 Opinion
The timing of House Speaker Nancy Pelosi’s proposed trip to Taiwan puts President Joe Biden in a bind. Having drawn threats and condemnation from Beijing, the visit risks undermining any fruits of a planned call between Biden and China’s Xi Jinping. For Pelosi to postpone or cancel, though, would leave the impression of a US administration backing down in ...
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July 25, 2022 Retail
Bloomberg Amazon.com Inc is done dabbling in healthcare. With its proposed $3.49 billion purchase of One Medical parent 1Life Healthcare Inc, the e-commerce giant is taking its biggest step yet into an industry that accounts for about one-fifth of the US economy. The deal will give Amazon relationships with hundreds of thousands of patients and their employers as well ...
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July 25, 2022 Aviation
Bloomberg Virgin Atlantic Airways Ltd is seeking 200 pilots to help operate its flying schedule starting next summer, even as the European air-transport industry remains in the grip of a staffing shortage. The UK carrier plans to hire first officers across both its Airbus SE and Boeing Co fleets, according to a statement. About 100 pilots will be needed ...
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July 25, 2022 Retail
Bloomberg Shares in Frasers Group Plc leaped after the owner of Sports Direct and House of Fraser reported bumper profits and said it expects to grow further this year in the first financial results since Michael Murray took over as chief executive. Frasers forecast profit of at least £450 million ($538 million) in the financial year to April, building ...
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