Abu Dhabi / WAM Mubadala Petroleum, the Abu Dhabi headquartered international energy company, has celebrated its tenth anniversary after emerging as an independent entity from Mubadala’s energy unit in 2012. Since then, the company has continued to grow and now spans eleven markets, employs over 500 people and is making a significant contribution to the energy transition through its ...

  For decades, workers made do with a smaller share of the spoils of capitalism, and the labour unions who represented them shed members and influence. Now employees are finding their collective voice again, and not before time. Tight job markets and the soaring cost of living are fuelling demands for higher pay and better working conditions on both sides ...

The world’s biggest car company, Toyota Motor, reluctantly released an electric vehicle in May. Weeks later, it recalled 2,700 of them because there was a risk in their wheels — the most fundamental component — would fall off. If that’s the level of quality and safety traditional auto giants are willing to commit to, then investors and regulators should increase ...

  In 2033, a US spacecraft will return to Earth carrying the second cache of rocks ever collected from the surface of Mars. The first cache? It will have been collected by China two years earlier, in 2031, according to plans released by one of China’s top space scientists. Of course, there’s no guarantee that either mission will succeed. But ...

  Inflation almost seems passe. The worry of the moment is now economic growth. That’s not unreasonable, as the latest update shows US gross domestic product declined at an annualised rate of 1.6% in the first quarter. With the huge exceptions of the Covid-scarred first two quarters of 2020, this was the weakest US growth since the spring of 2009. ...

  Bloomberg Mark Tritton was supposed to be the savior for Bed Bath & Beyond Inc — a hotshot executive from Target Corp who knew how to charm customers with in-house brands and train stores on handling online and in-person orders. But the chief executive officer never saw the fruits of his labour, and the home-goods retailer watched its sales ...

  Bloomberg Delta Air Lines Inc, which has struggled with flight delays and cancellations this summer, is letting passengers change their travel plans for the “potentially challenging” Fourth of July holiday weekend without having to pay a fare difference. The “unique” waiver is available across Delta’s system for trips July 1 through 4, as long as customers travel between the ...

  Bloomberg London Heathrow and Paris-Charles de Gaulle airports are cutting more flights as Europe’s travel chaos continues into the summer. Heathrow asked airlines to cut 30 flights from their schedules amid concern that peak passenger numbers will exceed the level it can safely handle. France’s civil aviation authority has ordered a 17% reduction in flights out of Paris-Charles de ...

  Bloomberg Spirit Airlines Inc delayed a shareholder vote on its proposed merger with Frontier Group Holdings Inc less than 24 hours before it was scheduled, saying management needs more time for talks with its favored partner and rival suitor JetBlue Airways Corp. Spirit, which rescheduled the meeting for July 8, will continue soliciting shareholder proxies for the ballot, according ...

  Bloomberg Ireland is putting the army on standby to help alleviate staffing issues at Dublin Airport if the hub is hit by more shortages in the coming weeks. The army will be made available if needed to assist the Dublin Airport Authority during the peak holiday season of July and August, Transport Minister Eamon Ryan told RTE Radio. The ...