Bloomberg Troubled Scandinavian Airlines operator SAS AB is now smaller than a bus company. Its market value has dropped to just 5.09 billion kronor ($546 million), after its shares slumped almost 40 percent so far this year. That means that Nobina AB, the Nordic region’s largest public-transport service provider, is now bigger, with a market capitalisation of 5.11 billion kronor. ...

Bloomberg United Technologies Corp’s Pratt & Whitney unit is chronically late delivering engines for the Pentagon’s costliest programme, the F-35, raising questions about whether the company is ready for a surge to full-rate production scheduled for next year. Pratt remains under a previously unreported “Corrective Action Request” from the Defense Contract Management Agency that cites “poor delivery performance” on its ...

Bloomberg The Trump administration said trade talks with China are starting up again as Beijing reiterated that it’s essential the US removes all existing tariffs for a deal to be reached. US President Donald Trump and Chinese President Xi Jinping agreed last month to re-start trade talks and suspend new tariffs, but they gave no time-frame for further negotiations or ...

Bloomberg Oil posted its first weekly loss since mid-June, as a forecast-topping US employment report wasn’t enough to offset the economic worries dogging the market. Futures in New York closed down 1.6 percent for the week, despite eking out an increase after the government said payrolls climbed by 224,000 in June. The ultimate fallout from the report was unclear as ...

Bloomberg India plans to raise as much as $10 billion from its first overseas sovereign bond because there’s huge appetite for its debt in the foreign market, according to a top finance ministry official. “It’s a cautious beginning, which we need to make,” Economic Affairs Secretary Subhash Garg said in an interview. “In terms of risk management I don’t see ...

ABU DHABI / WAM Some 1.7 million prescriptions have been dispensed since the launch of the ‘smartpharmacy system’ in 2014, announced the Abu Dhabi Health Services Company (Seha). The system was introduced in a bid to reduce waiting time and prescription errors, said a Seha press statement issued on Saturday. The smart pharmacy system is carried out by a robot ...

SHARJAH / WAM The Telecommunications Regulatory Authority (TRA) announced that fifth edition of ‘TRA Innovation Camp’ will be held on July 7 and August 8. The camp aims to introduce the youth to the important future technologies, exploration, future-shaping, and self-development skills, in line with the UAE’s strategy in the Information and Communications Technology (ICT) field. Hamad Obaid Al Mansoori, ...

RED SEA COAST OF YEMEN / WAM The Emirates Red Crescent (ERC) re-opened a fishing slipway in in Bab al-Mandab District of Dhubab Governorate, after completing the rehabilitation and refitting operations. The ERC Representative on the Red Sea Coast, said the UAE-funded facility, part of a UAE plan to establish and rehabilitate 24 fishing slipways, would allow 4,500 fishermen to ...

DUBAI / WAM Mattar Al Tayer, Director-General and Chairman of the Board of Executive Directors of Roads and Transport Authority (RTA) launched the operation of 94 medium-size buses of the Optare Brand, which will be the first of its kind in the UAE. These buses are compatible with the European Emission Standards, Euro 5, light in weight and low on ...

ABU DHABI / WAM A delegation from the Ministry of Economy, led by Abdullah bin Ahmed Al Saleh, Under-Secretary for Foreign Trade Affairs at the Ministry of Economy (MoE), visited the Innovation Centre of Borouge in Abu Dhabi. The delegation was introduced to the latest practices and technologies used at the Borouge Innovation Centre to produce innovative and value creating ...