April, 2023

• 20 April

  Emirates Red Crescent delivers Eid clothing to Syrian orphans

  

  LATAKIA / WAM The Emirates Red Crescent (ERC) team in Latakia Governorate are distributing Eid clothes sets among  60 orphans in the governorate who’ve lost their parents in the February 6 earthquake as part of  the“Operation Gallant Knight/2”, initiated by the Ministry of Defence’s Joint Operations Command. Mohamed Khamis Al-Kaabi, the head of the ERC team, said the UAE humanitarian ...

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• 19 April

  Greenpeace sues EU over ‘fake’ green label

  

  BLOOMBERG Greenpeace said it’s suing the European Union’s (EU) executive over its decision to grant some gas and nuclear power stations a “fake” green label under EU sustainable finance rules. Four other environmental groups — Transport & Environment, WWF, ClientEarth and BUND — are also objecting to the inclusion of gas in the EU’s so-called taxonomy. “Polluters are already using ...

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• 19 April

  EasyJet raises earnings target again as bookings remain strong

  

  BLOOMBERG EasyJet Plc raised its earnings target for a second time this year amid strong bookings into the crucial summer period and robust demand during the Easter vacation. The discount specialist now expects to beat revised market expectations that foresee a pretax profit of £260 million this year, according to a statement. That’s up from a previous goal of beating ...

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• 19 April

  Boeing plans to boost output of 737 planes despite latest glitch

  

  BLOOMBERG Boeing Co is moving ahead with plans to hike output of its cash-cow 737 jetliner while dealing with the ripple effects from a new production flaw uncovered by one of its largest suppliers. The US planemaker isn’t altering the schedule for its 737 suppliers, including rate increases, Chief Executive Officer Dave Calhoun said at a virtual gathering of shareholders. ...

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• 19 April

  Airline blunder sells $10,000 business class tickets for only $300

  

  BLOOMBERG Eagle-eyed travellers snapped up heavily discounted tickets in the fanciest cabins on All Nippon Airways (ANA) after a currency conversion blunder, with one paying just $890 for flights in first class all the way from Jakarta to the Caribbean via Tokyo and New York, and back again. That 9,000-mile journey would typically cost nearly 20 times as much in ...

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• 19 April

  China’s reopening prompts Malaysia Air to target India

  

  BLOOMBERG Malaysia Airlines Bhd will increasingly focus on the Indian market with the airline still not seeing China bounce back after its sudden reopening following years of Covid restrictions. “For now, our key emphasis is on the Indian network,” the carrier’s Chief Strategy Officer Bryan Foong told reporters in Kuala Lumpur. “For us, the emphasis of growth in India is ...

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• 19 April

  Biden aide speaks to Brazilian official after Lula scolds US

  

  BLOOMBERG US National Security Advisor Jake Sullivan spoke to his Brazilian counterpart after that country’s president, Luiz Inácio Lula da Silva, accused America of “encouraging war” while on a visit to China. Sullivan and Celso Amorim “discussed a number of bilateral and global issues, including Russia’s war against Ukraine” and “continued cooperation to combat climate change and protect the environment,” ...

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• 19 April

  Kim Jong-un calls for spy satellite, citing US threat

  

  BLOOMBERG North Korean leader Kim Jong-un ordered the launch of a military spy satellite, a move that could allow him to keep an eye on US allies as well as advance his state’s ability to deliver a nuclear warhead to the American mainland. Kim called for the launch of the state’s first military reconnaissance satellite within a planned timeframe, during ...

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• 19 April

  Myanmar’s top court to hear Suu Kyi’s appeal against conviction

  

  BLOOMBERG Myanmar’s Supreme Court has agreed to hear appeals by deposed leader Aung San Suu Kyi and former president Win Myint against their conviction on corruption and other charges, paving the way for a review of previous rulings. Suu Kyi, 77, had appealed against seven charges related to the purchase of a helicopter, election fraud and violating the colonial-era Official ...

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• 19 April

  Morgan Stanley Q1 profits fall

  

  BLOOMBERG  Morgan Stanley’s investment bank and its giant wealth unit surpassed analysts’ expectations in the first quarter even as profits fell from a year earlier, dragged down by a dropoff in deal-making and a jump in loan-loss provisions. Net income slid 20% from a year earlier to $2.84 billion amid a slowdown in the trading and banking businesses. The firm’s ...

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