Bloomberg Summer living is supposed to be easy, according to George Gershwin, but millions of air passengers during this year’s peak travel season may beg to differ thanks to a confluence of events that are making airlines and airports nervous. The US carriers’ trade group, Airlines for America, estimates that a record 257.4 million people will fly from June 1 ...

Bloomberg Billionaire founders of IndiGo, Asia’s biggest budget airline by market value, are debating “one issue,” the company’s chief executive officer said, days after local media reported the owners have fallen apart. “There are absolutely no differences on strategy, no differences on international expansion, no differences on management selection,” CEO Ronojoy Dutta said in a conference call with analysts. “There ...

Bloomberg Chinese airlines seeking compensation from Boeing Co said the grounding of its 737 Max jet is on track to result in losses of more than $500 million for the carriers. The airlines could lose 4 billion yuan ($580 million) if the suspension lasts through June, Liu Shuguo, secretary general of the China Air Transport Association, said at a briefing ...

Bloomberg UK consumers unexpectedly kept up spending last month as retail sales beat economists’ forecasts. The volume of goods sold in stores and online was unchanged following three consecutive months of gains, the Office for National Statistics (ONS) said. Expectations were for a 0.3 percent drop. The good news may not last. A separate survey for the month of May ...

Bloomberg Nike Inc, responding to criticism that the brand treated its female athletes unfairly during pregnancy, vowed to better promote its policies and change a rule that resulted in women losing pay when they had children. The company is eliminating a performance requirement for “12 months for those athletes who decide to have a baby,” Nike Vice President Amy Montagne ...

Bloomberg Rihanna revealed her first Fenty collection in Paris. She arrived wearing a blazer as a dress—the white canvas number had exaggerated shoulders and was cinched in at the middle with a built-in corset—paired with strappy going-out heels in gold leather, all from her new label. The mood was boss lady on top, party girl below. This mix of high ...

Bloomberg The US isn’t ready to make a trade deal with China, President Donald Trump said while on a state visit to Japan. “I think they probably wish they made the deal that they had on the table before they tried to renegotiate it,” Trump said on Monday at a joint press conference in Tokyo alongside Japanese leader Shinzo Abe. ...

DUBAI / WAM Smart Dubai unveiled a new artificial intelligence (AI) use case in the healthcare sector that allows healthcare professionals to pre-emptively predict a patient’s condition by tracking six vital signs, including blood pressure, temperature, and the pulse, among others. Nurses feed this data into the high-precision AI system, which analyses it to predict how a patient’s situation will ...

Abu Dhabi / WAM The UAE is participating in the first UN-Habitat assembly in Nairobi, Kenya, in order to advance Abu Dhabi’s agenda for the 10th edition of the World Urban Forum (WUF10), scheduled for February 2020. At the assembly, the UAE will be led by a delegation headed by Mohamed Al Khadar, Executive Director, Strategic Affairs, of the Department ...

Dubai / Emirates business Gulf Capital, one of the largest and most active alternative asset managers in the Middle East, announced on Monday that it has acquired a 70 percent stake in Medica Holding, the leading service provider of aesthetics, cosmetics and dermatology equipment and products across the Middle East. Gulf Capital is actively targeting investments in the fast-growing beauty ...