Bloomberg There’s a powerful person in Washington besides the president who can barely contain his enthusiasm for the US economy. It’s the man Donald Trump appointed to head the Federal Reserve and whom he’s attacked for raising interest rates: Jerome Powell. In what Fed watchers say was unprecedented four public appearances over the past week, Powell repeatedly lauded the economy’s ...

Bloomberg Danske Bank A/S said the US has started an investigation into a money laundering case involving Denmark’s biggest bank that has already toppled its chief executive officer and triggered numerous other probes. The development comes as criminal investigations are under way in Estonia and Denmark, and after Danske said that a large part of about $235 billion that flowed ...

Bloomberg Irish banks paid out over a half a billion euros to customers caught in a mortgage overcharging scandal, according to the nation’s central bank governor. Lenders handed 580 million euros to affected customers by the end of August, an increase of about 120 million euros since the end of March, central bank Governor Philip Lane was expected to say ...

Bloomberg Travellers probably won’t be rushing to praise the airlines for it, but industry investors should find a lot to love in an innovation that offers just a smidgen more wiggle room for twice the money. As budget coach seats become more cramped, and business class gets more luxurious and pricey, demand has swelled for an in-between option that will ...

Bloomberg Mohammed Nor Md Yusof, chairman of Malaysia Airlines Bhd., is planning to leave the state-owned carrier by the end of this year, people familiar with the matter said. Mohammed Nor, who was named chairman of Malaysian pilgrims fund Lembaga Tabung Haji in July, plans to focus on that role after leaving the airline, said one of the people, who ...

Bloomberg Boeing Co. says the age of air taxis is getting closer. A prototype will be in the air next year, Chief Executive Officer Dennis Muilenburg said. The planemaker is also working with regulators to develop a traffic-management system for the aircraft in five years. “Think about a future in which you will have three-dimensional highways to relieve traffic congestion,’’ ...

Abu Dhabi / Emirates Business­­­­­ Etihad Airways is reinforcing its partnership with leading wildlife charity, Born Free, by refreshing its popular ‘Etihad Explorers’ children’s packs, which now include an activity booklet developed with Born Free. The aim is to provide the airline’s younger guests with a greater understanding of animal welfare and how they can play a part in reducing ...

ABU DHABI / WAM UAE Federal ministries have reported total revenues of AED39 billion during H1 2018, with implementation at 75.9 percent of the total actual budget of AED51.388 billion, according to the general budget implementation financial perfor- mance report released by the Ministry of Finance. Expenditures amounted to AED33.2 billion, with the ministries recording 64.6 percent of implementation, achieving ...

ABU DHABI / WAM The UAE has been once again ranked as the largest donor of emergency humanitarian assistance to Yemen in the world for 2018. According to the Financial Tracking Service (FTS), a centralised source of information on humanitarian funding flows, the UAE is also the second-largest source supporting the 2018 Yemen Humanitarian Response Plan (YHRP), following Kingdom of ...

ABU DHABI / WAM Etihad Airways has launched a contemporary airport lounge brand in partnership with No1 Lounges. To be known as ‘The House’, the project is the result of a unique collaboration between the airline and award-winning lounge provider, which will operate the new brand. The project begins at London Heathrow, where Etihad Airways’ lounge will be rebra-nded ‘The ...