BLOOMBERG Foreign funds reversed their record exodus from Indian stocks as the country’s appeal as an alternative to China grows, boosting valuations for its equity market to a new peak. Global investors bought $17.2 billion of shares in the South Asian nation on a net basis this year through September 1, which more than made up for their retreat in ...

BLOOMBERG European stocks retreated after a fresh set of downbeat economic data from the euro area and China, while the single currency sank to a nearly three-month low against the dollar. The Stoxx 600 dropped as much as 0.8%, edging lower for the fifth day, while US equity futures also retreated. The dollar strengthened as much as 0.5% against its ...

BLOOMBERG Ryanair Holdings said it was forced to cancel more than 350 flights over two days late last month when air-traffic control in the UK was hit by an outage, disrupting air space across the country. The Irish low-cost airline said in a traffic statistics release that 63,000 of its passengers faced cancellations on August 28 and 29 because of ...

BLOOMBERG IndiGo is setting up an aircraft-leasing subsidiary in the western Indian state of Gujarat, following a similar move by Air India as the country’s two biggest carriers enlarge their fleets. The budget airline, which has a market share of 63% in India, also plans to order 10 additional Airbus SE A320neo aircraft, expanding a 300-jet deal inked in 2019, ...

BLOOMBERG Airlines across Europe have begun discounting their tickets as the peak summer travel season gives way to the traditionally slower months of more subdued bookings. Discounter EasyJet Plc said that it’s offering 20% off on more than 1.7 million seats for flights from mid-September to the end of March. British Airways launched an end-of-summer sale on the same day ...

BLOOMBERG Superdry Plc swung to an annual loss and expects no revenue growth in the current year as the fashion retailer struggles to compete with other clothing brands during the UK’s cost-of-living crisis. The company, known for its logo-printed T-shirts and bright colours, reported a pretax loss of £21.7 million ($27.5 million) for the full year, compared with a profit ...

ABU DHABI / WAM Al Dahra, an Abu Dhabi-based global company in the agricultural sector, has signed a partnership agreement with Al Marzoom Reserve, a unique wildlife reserve that covers an area of 923 square kilometres in the emirate of Abu Dhabi, to enhance the conservation of local species of flora and fauna, like the desert rabbit, antelopes, Houbara Bustards ...

NAIROBI / WAM Dr Sultan bin Ahmed Al Jaber, Minister of Industry and Advanced Technology and COP28 President-Designate, the President of Kenya, William Samoei Ruto, and African Union Commission Chair Moussa Faki Mahamat, have affirmed their commitment to work towards realising ambitious climate action in the Global Stocktake year. In a joint statement, they said that both Africa Climate Summit ...

ABU DHABI / WAM The Abu Dhabi Arabic Language Centre will organise the Children’s Literature Workshop at the Cultural Foundation from September 12 to  November 14, as part of its Qalam Creative Writing Programme, which aims to nurture Emirati talent and encourage authors to share their creative projects. Taking place over 10 sessions, the workshop will be supervised by Dr ...

ANKARA / WAM Saeed Thani Al Dhaheri, UAE ambassador to the Republic of Türkiye, attended the launch of the Teknofest Aerospace and Technology Festival in the capital, Ankara, an event considered the largest of its kind. Al Dhaheri met with Selçuk Bayraktar, Chairman of the Board of Directors of Baykar, the organisers of the event, in addition to several officials ...