February, 2023

• 13 February

  Emirati Belselah wins UAE International Jet Ski Championship title

  

    Abu Dhabi / Gulf Time The curtain fell on the fifth and final round of the UAE International Jet Ski Championship held on Abu Dhabi’s breakwater. The championship witnessed the participation of 60 competitors, representing the UAE, Bahrain, Saudi Arabia, Kuwait, Qatar, Japan, Morocco, Jordan, Palestine and Hungary, who took part in 11 racing categories. The first place in ...

  Read More »
• 13 February

  Air India close to record jet deal with Airbus, Boeing

  

    Bloomberg Air India has signed agreements with Airbus SE and Boeing Co for what could become the largest purchase of jetliners in commercial aviation history, as the carrier seeks to reinvent itself with a fuel-efficient fleet that can take on local low-cost rivals. The airline has agreed on the outlines of the accord with the two planemakers and may ...

  Read More »
• 13 February

  Korean grocery delivery app shelves Seoul IPO on valuation frustration

  

    Bloomberg Oasis Corp, a South Korean grocery delivery app that competes with US-listed Coupang Inc, decided to withdraw what was expected to be the nation’s largest initial public offering in five months amid difficulty in reaching expected valuation. After finishing the book building for an offering expected to be as large as 206.8 billion won ($162 million), the startup ...

  Read More »
• 13 February

  NTSB subpoenas American Air pilots in JFK runway incursion

  Bloomberg An American Airlines Group Inc flight crew taxied across a John F Kennedy International Airport runway without clearance on January 13 as a Delta Air Lines Inc plane was accelerating for takeoff, prompting it to make a high-speed stop, investigators said. In an unusual step, the National Transportation Safety Board (NTSB) said it had issued a subpoena requiring the ...

  Read More »
• 13 February

  Chinese-owned e-commerce rival to Shein makes splashy Super Bowl debut

  

  Bloomberg Chinese-owned e-commerce upstart Temu made its Super Bowl debut, an unofficial coming-out party for an online shopping app that’s climbed American download charts since its debut late last year. PDD Holdings Inc’s service, which like Shein has gained a reputation for cut-rate pricing and fast delivery, ran two 30-second spots featuring a trendy shopper twirling and dancing to phrases ...

  Read More »
• 13 February

  Russia’s crude shipments slump

  

  Bloomberg Russia’s oil exports fell to a six-week low, reversing a previous trend and providing a sign of what’s to come as it prepares for a production cut of 500,000 barrels a day next month. Aggregate flows of Russian crude fell by 562,000 barrels a day, or 16%, in the seven days to February 10, even as exports from its ...

  Read More »
• 13 February

  European gas falls to 17-month low

    Bloomberg European natural gas prices fell to the lowest level since September 2021 as confidence grows for energy stability in the region through the remainder of winter. Benchmark futures slid as much as 4.8% to about €51.39 per megawatt-hour. Sweden downgraded its risk of power cuts to “low” in a sign that the worst of the region’s supply crisis ...

  Read More »
• 13 February

  US offshore energy boss says climate crisis is opportunity

  

    Bloomberg The US government is moving urgently to nurture new offshore wind and carbon storage industries despite some economic hurdles, according to the nation’s newly minted ocean energy regulator. The tasks of overseeing the buildout of those nascent industries falls to Liz Klein, an environmental lawyer and clean energy champion just appointed director of the Bureau of Ocean Energy ...

  Read More »
• 13 February

  Toyota’s new CEO assembles leadership team for EV future

  

  Bloomberg Toyota Motor Corp unveiled several changes to its senior management as Koji Sato prepares to take over as chief executive officer, seeking to improve the carmaker’s strategy and messaging in the shift to an electric future and to take on Tesla Inc. Hiroki Nakajima becomes chief technology officer and Yoichi Miyazaki will be chief financial officer from April 1, ...

  Read More »
• 13 February

  Singapore eyes chips investments: Official

  

    Bloomberg Singapore will be looking to win its “fair share” of investments in semiconductor assembly and integrated circuit design, a top official said, amid a growing geopolitical divide between the US and China over trade and technology. The city-state will be focussing on the semiconductor value chain of activities, Beh Swan Gin, chairman of Singapore’s Economic Development Board, said ...

  Read More »