Dubai / WAM HH Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai, Deputy Prime Minister, Minister of Finance, and President of the Dubai International Financial Centre (DIFC), has issued a resolution appointing Abdullah Sharafi to the Board of Directors of the Dubai Financial Services Authority (DFSA). Sharafi is an experienced businessman and banker with over ...

  Sharjah / WAM With 11 design-led cross-cultural and cross-disciplinary crafts collaborations, 14 new collection launches and 10 programmes initiated during 2021, UAE-based Irthi Contemporary Crafts Council, an affiliate of Nama Women Advancement, has made a powerful statement on national and international platforms with its exceptional creative work, and unearthed new opportunities for Emirati craftswomen to develop and preserve local ...

  You don’t see them, but they’re there: hundreds of thousands of people sitting at keyboards for hours on end to keep online services humming along seamlessly. It can seem like the internet operates entirely automatically, but it doesn’t. Humans are often hidden behind the scenes, working in real time to verify your identity, flag hate speech or caption videos. ...

Is any airline on the planet in a more impossible situation right now than Cathay Pacific Airways Ltd.? The carriers that have coped best during the pandemic have two qualities in common. They either have a substantial domestic or quasi-domestic market, such as Interglobe Aviation, Spring Airlines or Ryanair Holdings; a reliable government shareholder, like Singapore Airlines; or, ideally, both, ...

  The 10-year German bund yield has turned positive after almost three years below zero. It’s a sign of the times as government borrowing costs are on the rise globally. With the euro zone’s nascent economic recovery more fragile than that of the US, however, the European Central Bank needs to remain vigilant that increased market interest rates don’t choke ...

When he took office one year ago, President Joe Biden faced extraordinary challenges. He had to contend with a global pandemic that had crushed the economy and confounded the experts. He had to repair shattered alliances and restore American credibility after four years of President Donald Trump. More pointedly, he was taking charge of a country left bitterly divided — ...

  Bloomberg The US government suspended 44 scheduled Chinese airline flights from the US to China in response to restrictions placed on American carriers over Covid-19 testing protocols. The US Department of Transportation issued restrictions against four Chinese airlines in a dispute that has been percolating since the pandemic erupted in 2020. China in recent months had suspended flights on ...

  Bloomberg UK retailers embraced the government’s move to ease restrictions after Omicron hijacked footfall over the holiday season, saying they hope customers will swiftly return to their stores. The government will no longer ask people to work from home or wear face masks in shops or public transport from Jan. 27, Prime Minister Boris Johnson said. Covid passes proving ...

  Bloomberg Unilever Plc’s Indian unit reported quarterly profit that met analyst expectations as price hikes helped Asia’s largest consumer goods maker by market value manage persistent inflation that has hit the pockets of consumers in the country’s vast and largely impoverished hinterland. The Mumbai-listed Hindustan Unilever Ltd. posted a 17% rise in net income to 22.4 billion rupees ($300.6 ...

  Bloomberg Deutsche Lufthansa AG may seek a 40% stake in Alitalia’s successor ITA Airways, Italian newspaper Il Foglio reported, citing unnamed sources. The plan, which could be announced in coming days, would be subject to European Union approval, the paper said. The two sides are close to agreement on issues including financial consolidation and turning Rome’s Fiumicino airport into ...