February, 2023

• 22 February

  Sharjah, Costa Rica explore trade and food security collaboration

  

  Sharjah / WAM Sheikh Fahim Al Qasimi, Chairman of the Department of Government Relations (DGR) in Sharjah, met with Manuel Tovar Rivera, the Minister of Foreign Trade and Investment of Costa Rica, to discuss strengthening collaboration between their respective regions. The parties discussed trade, food security, and the transportation of goods sector, with the aim of identifying ways to benefit ...

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• 22 February

  Singapore Air’s third-straight profit puts Covid firmly in past

  

    Bloomberg Singapore Airlines Ltd. posted a third consecutive quarterly profit on Tuesday, pushing the damage of Covid further into the past as air travel continued its strong recovery in the three months through December. The company’s net income was S$628 million ($469 million), rising from a profit of S$84.7 million a year earlier, it said in a statement on ...

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• 22 February

  United Airlines to ease fees on seats for families

  

    Bloomberg United Airlines Holdings Inc said it will introduce a seating policy that would make it easier for adults to book adjoining seats for children under 12 without charges after President Joe Biden vowed to outlaw such fees in his State of the Union address this month. The carrier’s new system would find available adjacent seats at the time ...

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• 22 February

  Qantas spends $70 million on new lounges in Hong Kong, Heathrow

  

    Bloomberg Qantas Airways Ltd. announced its biggest investment in global airport lounges in more than a decade, underscoring the demand for premium, long-distance travel as aviation rebounds from the pandemic. The A$100 million ($70 million) program includes a new flagship first-class Lounge at London’s Heathrow Airport that will open in 2025, Qantas said on Tuesday. That’s when the carrier ...

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• 22 February

  Teen staple Forever 21 relaunches in Japan as upscale clothier

  

  Bloomberg Forever 21, which came to epitomise the fast-fashion movement by selling trendy, of-the-moment clothing to teens at bottom-barrel prices, is relaunching in Japan by quietly overhauling itself as an upmarket clothier. About 80% of Forever 21’s new collection, which will launch in the fashion-crazy country Tuesday via online sales and a pop-up store in central Tokyo, will be developed ...

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• 22 February

  Tesco store workers to get 7% raise to soften inflation sting

    Bloomberg Tesco Plc plans to raise store employees’ base pay by 7% as workers across the UK struggle to keep up with the rising cost of living. Store employees will get £11.02 an hour from early April, the retailer said, hailing the agreement with the USDAW union as the third pay increase in 10 months. Workers in London will ...

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• 22 February

  Shareholder urges Airbus to drop Evidian pursuit

    Bloomberg Airbus SE should refrain from buying a stake in a division of French software company Atos SE because the purchase would represent an “extremely inefficient” use of funds and distract management at a time when it needs to focus on meeting delivery targets, activist investor Chris Hohn said. Owning a stake in the Evidian business would expose Airbus ...

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• 22 February

  UK’s surprise budget surplus gives Hunt room to maneuver

  

  Bloomberg UK Chancellor of the Exchequer Jeremy Hunt has as much as £30 billion ($36 billion) for short-term giveaways in next month’s budget after the public finances came in far better than expected in January. Borrowing since the fiscal year that began in April is running £22 billion below the level forecast by the Office for Budget Responsibility in November, ...

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• 22 February

  Meta shifts UK users to US agreements in post-Brexit move

  Bloomberg Meta Platforms Inc. will begin moving its UK users away from the company’s Irish subsidiary and onto US agreements in a move the social-media giant flagged post-Brexit. The company was expected to update terms of service for UK Facebook, Instagram and WhatsApp users on Tuesday and customers will be notified in the coming weeks, Menlo Park, California-based Meta said ...

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• 22 February

  Private-sector activity in Germany, France grows

    Bloomberg The euro area’s two largest economies saw private-sector growth return, snapping months of contractions as easing supply shocks and an unusually mild winter provide respite. S&P Global’s flash Purchasing Managers’ Index for Germany rose to 51.1 in February — much better than the 50.3 median estimate in a Bloomberg survey and the first time since June that the ...

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