Bloomberg Boeing Co is joining with Aerion Corp, a startup founded by Texas billionaire Robert Bass, to help build a supersonic business jet that would cut trans-Atlantic flight times by three hours. The US aerospace giant will make a “significant investment” in Aerion to accelerate design and development, according to a statement. Boeing will replace Lockheed Martin Corp., which had ...

Bloomberg Air France-KLM is discussing whether to replace Dutch unit head Pieter Elbers over concerns he may not fully support Chief Executive Officer Ben Smith’s plans to strengthen ties between the two carriers, according to people familiar with the matter. Smith, who took the helm of the holding company in September, is keen for the heads of Air France and ...

Bloomberg Online travel agency Expedia Group Inc. says United Airlines has threatened to withhold fare data as soon as next week as part of faltering contract talks between the companies. Such a move would halt Expedia’s ability to sell United’s flights for trips after September 30, the travel seller said in a lawsuit filed in federal court in New York. ...

Bloomberg Adidas AG is looking to better tap rapidly changing consumer tastes by increasing pace of development and production, and printing out customized shoes right in its stores. “Trends change extremely fast these days,” CEO Rorsted said in an interview with Euro am Sonntag. “What’s hot today in New York or Tokyo spreads in seconds around world through social media.” ...

Bloomberg Norwegian Air Shuttle ASA is consolidating the team that runs its long-haul flights in London as the debt-laden carrier seeks to add executive talent at a unit crucial to its survival in the ultra-competitive discount market. The company is building a 16-strong contingent in the city, leaving just a few dedicated staff at its main base in Fornebu, near ...

Dubai / WAM The largest ever World Government Summit will begin on Sunday to redefine the future of governments and unite efforts to solve universal challenges facing humanity. HH Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, said, “The human being is the centre of World Government Summit. Our main ...

SHARJAH / WAM Business and trade activities and events have played a major role in leading the UAE regionally and globally in more than 10 sub-indicators in the doing business report and being a regional hub for more than 24 percent of the world’s 500 largest companies, said Hamid Mohammed bin Salem, Secretary-General of Federation of UAE Chambers of Commerce ...

ABU DHABI / WAM Organised by Abu Dhabi Food Control Authority (ADFCA), Abu Dhabi is set to host the first edition of EuroTier Middle East, from September 2 to 4, at Abu Dhabi National Exhibition Centre (Adnec). It will also be the first time EuroTier will be organising its fair outside of Germany.

CAIRO / WAM HH Sheikha Jawaher bint Mohammed Al Qasimi, wife of HH the Ruler of Sharjah, noted that Egypt is witnessing a renaissance, both institutionally and in developing their human capital, under the leadership of President Abdel Fattah el-Sisi, and the efforts of Egyptian society. The statement came during Sheikha Jawaher visit to the National Training Academy for Youth ...

DUBAI / WAM The UAE called for developing legislation on the entry of global e-commerce platforms to the region’s markets and the development of local and regional electronic platforms to enhance competition and break monopolies. In an opening address at the main session of the Fourth Annual Arab Fiscal Forum organized by the IMF, Arab Monetary Fund (AMF), and the ...