Bloomberg China last week commissioned its first home built aircraft carrier to project its military might. It’s now on a mission to create “aircraft carrier-sized” investment banks to take on Wall Street’s giants. As the nation prepares to fully open its $45 trillion financial industry to foreign competition next year, policy makers and regulators are pushing to beef up its ...

Bloomberg As Boeing Co. halts production of its beleaguered 737 Max, global rival Airbus SE is grappling with a very different problem: speeding output of its rival narrow-body. So-called “stretch” versions of the A320neo jet have sparked an order frenzy as airlines snap them up to replace costly twin-aisle planes on longer routes or cram in seats on shorter legs. ...

Dubai / Emirates Business Emirates, the world’s largest international airline, is set to showcase its latest flagship Airbus A380 to visitors and spectators on January 15 at the Kuwait Aviation Show 2020. Visitors to the show will be able to tour the popular double-decker’s signature interiors and experience its industry trendsetting products across all three classes, including Emirates’ latest generation ...

Bloomberg Boeing Co. has disclosed a new batch of internal messages related to the 737 Max program to federal regulators. The documents were turned over to the Federal Aviation Administration (FAA), the agency said in a statement. The disclosure came as Boeing ousted its chief executive officer. This was the second time that Boeing has delayed turning over to the ...

Bloomberg Beyond Meat Inc. is deepening its partnership with Hardee’s and Carl’s Jr., by offering more menu items and expanding to new locations. The chains, both owned by parent CKE Restaurants, will offer Beyond Meat products on their breakfast, lunch and dinner menus this month. Carl’s Jr., which already had the Beyond Burger, will now offer breakfast burritos and sandwiches ...

Bloomberg Motorola is delaying the launch of the foldable Razr smartphone in North America, saying demand for the $1,500 device has outstripped its supply predictions. The handset, announced in November, was supposed to become available for pre-order in December and begin shipping to customers in January. “Motorola has decided to adjust Razr’s presale and launch timing to better meet consumer ...

Abu Dhabi / WAM Choosing UAE-grown produce can help support sustainability and contribute towards solving food and water security, Madar Farms’ Head of Operations, Kyle Wagner, said during an event in Abu Dhabi. During a panel discussion at New York University Abu Dhabi (NYUAD), with Mariam Hareb Almheiri, Minister of State for Food Security, he urged the public to take ...

DUBAI / WAM DP World has been awarded a 30-year build-operate-transfer (BOT), concession by the Saudi Ports Authority (Mawani), for the management and development of the Jeddah South Container Terminal at the multi-purpose Jeddah Islamic Port. Under the agreement, DP World will invest up to $500 million to improve and modernise the Jeddah Islamic Port, including major infrastructure development to ...

Bloomberg Stocks in Europe edged higher on Monday along with US equity-index futures, with volumes subdued as investors count down to the holiday break. Ten-year Treasuries and the dollar were steady. Healthcare stocks led the modest advance on the Stoxx Europe 600 index after Friday’s record-high close. Contracts on the S&P 500 climbed after the underlying index logged its biggest ...

Bloomberg China’s benchmark stock gauge suffered its first drop of more than 1% in six weeks after a state-backed fund said it would reduce its stakes in some tech companies. The Shanghai Composite Index closed down 1.4% on Monday, its biggest decline since November 11. The CSI 300 Index slumped 1.3%, its fourth consecutive retreat, with technology-related shares leading the ...