Bloomberg Boeing Co and Embraer SA won unconditional antitrust approval from China for their deals to jointly manufacture small jetliners and market a military cargo jet. China’s decision removes a significant hurdle for the plans, in which the US planemaker will buy a majority stake in the commercial aircraft division of its Brazilian counterpart. But a major obstacle remains for ...

Bloomberg A strike at South African Airways (SAA), which has dragged on for more than a week and grounded a number of flights, ended with workers having agreed “in principle” to a revised pay deal, a senior union official said. The deal was expected to see workers get a 5.9% pay increase, with a further increment — details of which ...

Bloomberg After clearing up unwanted items last quarter as sales slumped, Macy’s Inc said it is now geared up for improvement in the crucial holiday quarter. The department-store offered mixed signals, cutting its full-year profit outlook after a key sales metric fell more than it anticipated last quarter. With some of the bad news now past and inventories cleared, the ...

Bloomberg Managers at a federal air-traffic facility in Florida regularly ignored safety rules for handling high-altitude traffic and then instituted a policy that exacerbated the risks after complaints by a whistle-blower, according to the US Office of Special Counsel (OSC). Aircraft being transferred from one controller to the next were supposed to be on specified altitudes, but some controllers weren’t ...

Bloomberg Target Corp reached a record high after raising its full-year outlook again on strong sales and profitability, providing a safe haven after several retailers unnerved investors. Third-quarter comparable sales, a key retail metric, rose 4.5%, a full percentage point above what analysts polled by Consensus Metrix had projected. Profit this year excluding some items will be between $6.25 and ...

NEW YORK / WAM The UAE underscored the importance of tolerance and dialogue in reconciliation efforts and affirmed the UAE’s commitment to promoting peaceful coexistence and political solutions to address global challenges, during the UN Security Council Open Debate on peacebuilding and sustaining peace specifically the role of reconciliation. “The UAE has always been keen on promoting the principles of ...

Dubai / Emirates Business Emirates, the world’s largest international airline, on Wednesday announced that it has signed a full purchase agreement for 30 Boeing 787-9 aircraft, worth AED32.3 billion ($ 8.8 billion) at list prices, at the Dubai Airshow 2019. Under its agreement with Boeing, Emirates has exercised its right to substitute the B777x with B787s. This deal includes Boeing ...

Dubai / WAM The UAE announced its intention to buy 24 B-250 light attack aircraft worth AED2.27 billion to strengthen air support for its Air Force and Air Defence from aerospace company Calidus. Major-General Ishaq Saleh Al Blooshi, Deputy Executive Director of the Military Committee of Dubai Airshow 2019, confirmed at the show daily briefing that the deal is in ...

ABU DHABi / WAM The Central Bank of the UAE (CBUAE), announced that during October 2019, total bank deposits increased by AED 17.8 billion, attributable to an AED 1.9 billion increase in resident deposits and an AED 15.9 billion increase in non-resident deposits. The money supply aggregate M1 decreased by 1.2 percent, from AED 511.9 billion at the end of ...

Bloomberg A week after Vodafone Group Plc’s chief executive suggested the company’s India venture was headed for insolvency without government help, the shares have more than doubled over four trading days. The rally followed plans by the nation’s top three carriers to raise tariffs, waving the white flag in a price war that dragged rates to some of the lowest ...