Bloomberg Kenya Airways Plc said it will cut flights in the next few weeks because cancellations, resulting from a shortage of pilots, cost the carrier an estimated $50 million annually. The airline has 435 pilots but requires 497, Director of Operations Paul Njoroge said in a letter to the Kenya Airline Pilots Association (Kalpa), a copy of which Bloomberg has ...

Bloomberg British Airways pilots forced the cancellation of almost all flights on the second day of a strike on Tuesday as their union called on management to make new pay proposals to resolve the dispute. The unit of IAG SA — which says the walkout is costing it about $49 million a day — scrubbed more than 1,600 departures and ...

Bloomberg Climate change may lead to large swings in the incomes of US retail workers, according to a new study published by the Federal Reserve. In the analysis published this month, Fed economist Brigitte Roth Tran suggested that income inequality could increase as retail employees whose pay or hours are tied to sales find their work affected by more volatile ...

Bloomberg Amazon.com Inc is bringing its Prime membership programme to Brazil in an effort to leapfrog competitors and gain traction in a country where it has been expanding slowly but surely. To start, Amazon Prime Brazil will be a scaled-down version of the US subscription service, offering free unlimited shipping for about 500,000 products out of the 20 million Amazon ...

SAINT PETERSBURG / WAM International tourist arrivals grew 4 percent from January to June this year, compared to same period last year, according to the latest UNWTO World Tourism Barometer published ahead of 23rd World Tourism Organisation General Assembly. Growth was led by the Middle East (+8 percent) and Asia and the Pacific (+6 percent). International arrivals in Europe grew ...

Abu Dhabi / WAM The National Petroleum Construction Company (NPCC), a part of the UAE’s Senaat, on Monday, signed Memorandums of Understanding (MoUs), with two leading entities in China’s energy sector at the 24th World Energy Congress in Abu Dhabi, in order to explore joint collaborative opportunities in both onshore and offshore oil and gas sectors, as well as other ...

Bloomberg Car sales in India suffered their biggest monthly drop on record, as the slump in the country’s auto sector shows no sign of letting up. Deliveries slid 41% in August from a year earlier to 115,957 units, while sales of passenger vehicles including SUVs fell 32%, according to data released by the Society of Indian Automobile Manufacturers on Monday. ...

Abu Dhabi / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, received the Chairman of the Board and Chief Executive Officer of Total, Patrick Pouyanné, at Qasr Al Bahr Majlis on Monday. Pouyanné was accompanied by Dr Sultan bin Ahmad Sultan Al Jaber, Minister of ...

Abu Dhabi / WAM The 24th World Energy Congress (WEC), kicked off in Abu Dhabi on Monday, gathering ministers, CEOs, policy-makers and industry practitioners from 150 countries to explore new energy futures, critical innovation areas, and new strategies. Under the theme “Energy for Prosperity”, the Energy Congress leads delegates through a four-day interactive programme designed to address the most critical ...

Bloomberg European Central Bank (ECB) President Mario Draghi will test the composure of global policy makers this week as he unleashes a barrage of stimulus to shore up economic growth. The monetary easing will probably feature the centerpiece of an interest-rate cut that widens the difference between borrowing costs in the euro area and elsewhere. That will potentially affect foreign ...