Bloomberg Southwest Airlines Co. pulled the Boeing Co. 737 Max from its schedule for an additional month, citing uncertainty over when regulators will allow the jet to resume service. Southwest, the narrow-body aircraft’s largest operator, will cancel about 100 daily flights as the Max is removed from schedules through September 2, the Dallas-based carrier said in a statement. The airline ...

Bloomberg Target Corp. said a system-wide outage that prevented customers from making purchases at its stores has been fixed. The two-hour outage, which affected its registers, was caused by an internal technology problem, the retail chain said, without giving more details. “Our technology team worked quickly to identify and fix the issue,” Target said in an emailed statement. “After an ...

Bloomberg Amazon.com Inc. stepped up its push into the UK, threatening Tesco Plc with tougher competition as Britain’s largest retailer said it’s feeling the squeeze from Brexit-related political turmoil. The US online giant is expanding its alliance with Wm Morrison Supermarkets Plc to offer groceries in more cities across the UK. The move puts more pressure on rival grocers, including ...

Abu Dhabi / WAM The UAE ranked 27th globally in attracting foreign direct investment (FDI) flows in 2018, according to the United Nations Conference on Trade and Development’s World Investment Report 2019, three positions up from its 2017’s classification by UNCTAD. Overall, the report said, the UAE received in 2018 direct foreign investments of more $10.4 billion, maintaining lead as ...

Bloomberg Saudi Arabia is working to balance global oil markets this year, the country’s energy minister said when asked if there’s an impending surplus. The comments come a day after the International Energy Agency forecast global supplies will expand far more than demand next year, putting further pressure on Opec. Saudi Arabia and its allies, including Russia, are expected to ...

ABU DHABI / WAM The UAE Cabinet adopted formation of the Advanced Skills Council under the chairmanship of Dr Ahmad bin Abdullah Humaid Belhoul Al Falasi, Minister of State for Higher Education and Advanced Skills, to oversee relevant policies, programmes and initiatives. The council will support and oversee the implementation of the recently approved Strategy for the Advanced Skills National ...

Bloomberg Oil posted a weekly decline as the escalating US-China trade war and swelling American stockpiles overshadowed tanker attacks in the Middle East. Futures settled up 0.4 percent in New York but still closed the week down 2.7 percent. London-traded contracts slid for a fourth straight week. The White House blamed Iran for tanker attacks near the Strait of Hormuz, ...

ABU DHABI / WAM Dr Amal Abdullah Al Qubaisi, Speaker of Federal National Council (FNC), received the Secretary-General of the European External Action Service (EEAS) Helga Maria Schmid, at the FNC headquarters. During the meeting, they discussed cooperation between the UAE and European Union (EU) in a number of areas in view of the existing partnership between the two sides ...

Dubai / Emirates Busines The rate of growth in total non-oil private sector business activity in Dubai accelerated for the fourth time in the first five months of 2019, according to Emirates NBD Dubai Economy Tracker Index. The composite indicator designed to give an overview of operating conditions in the non-oil private sector rose to a 52-month high of 58.5 ...

Abu Dhabi / WAM The Abu Dhabi Department of Education and Knowledge (Adek), has begun implementing the Education Partnership Schools (EPS), programme, which creates charter schools funded by the government and run by the private sector. The EPS programme is one of the initiatives launched by the Abu Dhabi Government Accelerators Programme “Ghadan 21” under its social pillar, which will ...