Bloomberg Britain’s biggest supermarket chain, Tesco Plc, is considering the sale of its supermarket businesses in Thailand and Malaysia. The UK company is carrying out a strategic review of the businesses after receiving what it called inbound interest, according to a statement. The deal could value the operations at as much as $9 billion, Dow Jones reported earlier, citing people familiar ...

Bloomberg Senior Plc, a supplier to Boeing Co. and Daimler AG, is exploring a sale of its aerostructure unit, according to people familiar with the matter. The British aerospace and automotive company is working with adviser Lazard Ltd. on the potential divestment, said the people, who asked not to be identified because the discussions are private. Senior is reaching out ...

Bloomberg Ryanair Holdings Plc may have to cut more flights from its summer schedule if the grounding of Boeing Co.’s 737 Max jetliner drags on, Chief Executive Officer Michael O’Leary said. It’s possible Ryanair will have none of the narrow-body planes in its fleet for next year’s high season, according O’Leary, who said in a Dublin court that deliveries of ...

Bloomberg SpaceX launched its 19th resupply flight to the International Space Station (ISS), kicking off what promises to be a busy month for the orbiting lab. A Space Exploration Technologies Corp. rocket blasted off in Florida from Cape Canaveral Air Force Station. The first stage of the Falcon 9 rocket separated, then landed successfully eight minutes later on a drone ...

VATICAN / WAM His Holiness Pope Francis, Head of the Catholic Church praised the UAE’s approach that enhances the pillars of tolerance, coexistence and peace. While receiving a UAE delegation that included members of the Emirati Embassy in Madrid and the Tolerance and Coexistence Training Programme of the Emirates Centre for Strategic Studies and Research (ECSSR), Pope Francis said that ...

Dubai / WAM The global economy is not likely to witness another Great Recession-style collapse, despite several indicators to the contrary in recent months, according to a newly-published report by the Arab Strategy Forum in partnership with Good Judgement Inc., the world’s leading geopolitical and economic forecasting institution. Titled ‘11 Questions for the Next Decade’, the wide-ranging and far-reaching findings ...

ABU DHABI / WAM Abu Dhabi Fund for Development (ADFD), the leading national entity for economic development aid, commended the opening of a major infrastructure project – Maafaru International Airport, located on one of the islands of the Noonu Atoll in the Maldives. To support the strategic objectives of the Government of the Maldives, ADFD contributed AED191 million ($52 million) ...

Bloomberg President Donald Trump added to the criticism of the World Bank’s plan for low-interest loans to China. “Why is the World Bank loaning money to China?” Trump said in a Twitter post. “Can this be possible? China has plenty of money, and if they don’t, they create it. STOP!” His tweet came a day after Treasury Secretary Steven Mnuchin, ...

Bloomberg Oil in New York posted the biggest weekly gain since June after Saudi Arabia surprised the market with a significant supply cut beyond what was agreed to with fellow Opec+ members. WTI settled 1.3% higher after Saudi Arabia’s Energy Minister Prince Abdulaziz bin Salman said the country would continue its voluntary cut of 400,000 barrels a day. That brings ...

Bloomberg India’s real estate, construction and infrastructure industries are in “deep trouble,” and non-bank finance companies which lend to these sectors should have their asset quality reviewed, former central bank Governor Raghuram Rajan said. There is also “significant distress in rural areas,” Rajan wrote in an opinion piece in India Today magazine. He said India is in a growth recession, ...