Bloomberg The world’s major central banks are declaring last orders at the punchbowl. The Federal Reserve — which has been raising interest rates since 2015 — takes the next step towards normalizing monetary policy this month when it starts to reduce its $4.5 trillion balance sheet. The European Central Bank is expected to soon lay out its own plans for ...

Bloomberg As Amazon.com Inc. pushes into Southeast Asia with a new venture into Singapore, the online retailer is facing some tough hurdles. Shopping in air-conditioned malls is practically a national sport, and e-commerce rivals moved in long ago. Delivery delays also marred Amazon’s debut in July, when on-the-ground operations began with Prime Now two-hour deliveries. Even when including orders placed ...

Bloomberg Ivory Coast is in talks with three African airlines to operate the first direct route to the US by early 2018 as the West African nation seeks to attract more investors to its fast-growing economy. The most advanced discussions are with Ethiopian Airlines Enterprise, which is due to send a delegation to Ivory Coast before the end of the ...

Bloomberg Corporate-jet makers are flooding the market, spurring deep discounts for new aircraft and fueling a three-year slide in prices of used planes. Most major manufacturers, including Gulfstream and Bombardier Inc.—which is also contending with rising hurdles in its commercial-jet business— have slowed production in the last couple years as demand for private jets sagged. That still hasn’t been enough ...

Bloomberg Wal-Mart Stores Inc. is simplifying the return process through its smartphone app, aiming to ease a major hassle of shopping in time for the holiday season. Beginning in early November, shoppers will be able to initiate the return of items bought online via the retailer’s app before going to the store. Once there, they’ll move through a dedicated express ...

Bloomberg Air Berlin Plc will end flights on October 28 at the latest and is encouraging employees to seek jobs elsewhere as the company’s liquidation efforts proceed, according to a letter to workers from the carrier’s top two executives. The airline has begun talks with labour leaders on terms for letting employees go, Chief Executive Officer Thomas Winkelmann and general ...

DUBAI / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of UAE and Ruler of Dubai, visited GITEX Technology Week which kicked-off on Sunday at the Dubai World Trade Centre (DWTC). His Highness Sheikh Mohammed toured the exhibition and was briefed on the world’s latest technologies that are being showcased by the biggest technology ...

ABU DHABI / WAM The UAE banking system has been ranked the top banking sector in the Gulf region in terms of assets in the first half of 2017, while the total assets of the 48 banks operating in the country reached US$723 billion (AED2.66 trillion) for the year 2016. Experts in the sector said the continued stability of the ...

DUBAI / Emirates Business HH Sheikh Ahmed bin Saeed Al Maktoum, Chairman and Chief Executive, Emirates Airline and Group opened the ‘AVSEC Global 2017’ international aviation security symposium in Dubai. Sir Tim Clark, President, Emirates airline delivered opening address. Other keynote speakers included Lord Callanan, UK minister for aviation as well as K C Singh, Former Indian Ambassador to the ...

ABU DHABI / WAM The Abu Dhabi National Oil Company (ADNOC) strengthened its long-standing energy partnership with Japan, through the signing of a tri-partite Memorandum of Cooperation with Japan’s Ministry of Economy, Trade and Industry (METI), and the Japan Oil, Gas and Metals National Company (JOGMEC). The Memorandum was signed by Dr Sultan Ahmed Al Jaber, Minister of State and ...