February, 2023

• 7 February

  Museum of the Future opens new shop with AI-driven audio

  

    Dubai / WAM The Museum of the Future has opened a physical store with an AI-driven audio offering limited-edition and exclusive items including replicas from some of its most popular exhibits. Many of the items are inspired, designed, and made by local designers as well as internationally renowned artists, including Jason Bruges and Ally Powell. The range includes a ...

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• 7 February

  Dewa marks 26th National Environment Day

  Dubai / WAM Dubai Electricity and Water Authority (Dewa) participated in a campaign to clean the beach, and plant mangroves at the Jebel Ali Marine Sanctuary, organised by the Emirates Marine Environmental Group. The move is in conjunction with the National Environment Day, observed on February 4 each year, and is held this year under the theme ‘Towards a Sustainable ...

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• 7 February

  Winners of UAE Remote Control Boat Championship first round announced

  

    Abu Dhabi / Gulf Time The first round of the UAE Remote Control Boat Championship, which was held on Abu Dhabi breakwater, recorded a large number of participants. The championship, organised by Abu Dhabi Marine Sports Club, drew as many as 36 contestants in three categories — 2-Cell, 3-Cell and 4-Cell for juniors, novices and professionals respectively. In 2-Cell ...

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• 7 February

  Starbucks slips as lingering China weakness hits results

  

    Bloomberg Starbucks Corp. reported profit and comparable sales that trailed Wall Street’s expectations as weakness in China weighed on results, sending shares down in late trading. Executives reaffirmed confidence in the country and predicted a recovery there this year. Comparable sales of 5% in the quarter ended January 1 were below the average estimate for 6.8% growth compiled by ...

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• 7 February

  Russian tycoon may buy Germany’s Hahn airport

  

    Bloomberg The insolvency administrator of Frankfurt-Hahn airport in western Germany said he’s secured different “sale variants” for the facility and concluded two purchase agreements with investors who are independent of each other. The administrator’s comment comes amid reports of several interested parties for the insolvent airfield. The agreements are subject to conditions “so that ultimately only one purchase agreement ...

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• 7 February

  Delta Airlines has world’s most valuable frequent flyer program

  

    Bloomberg The frequent-flyer clubs of marquee Asian airlines including Cathay Pacific Airways Ltd. and Singapore Airlines Ltd. fell further behind those of US rivals during the pandemic, highlighting the region-wide damage from prolonged travel restrictions. Led by Delta Air Lines Inc., loyalty divisions at the four major US airlines cemented their positions in early 2023 as the world’s most ...

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• 7 February

  Food costs tumbling but shoppers still face soaring bills

  

    Bloomberg As a rout in the price of food commodities from wheat to cooking oil deepens, the cost of products on grocery shelves continues to rise. Almost a year on from Russia’s invasion of Ukraine, which sent grains and other staples soaring to a record, a United Nations’ index of food-commodity costs fell for a 10th straight month in ...

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• 7 February

  SpaceX awarded shared Nasa contract worth up to $100mn

    Bloomberg Space Exploration Technologies Corp. is part of a payload contract Nasa has awarded for as much as $100 million over a decade. Elon Musk’s rocket launch and satellite operator will share the contract for unspecified “commercial payload processing services” with Astrotech Space Operations LLC, a unit of Lockheed Martin Corp., the government’s space agency has announced in a ...

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• 7 February

  Greece picks banks for Athens airport IPO

    Bloomberg A Greek government-owned fund has picked banks for an initial public offering of its 30% stake in Athens International Airport. The Hellenic Republic Asset Development Fund (HRADF) has chosen Bank of America Corp. and Morgan Stanley to lead work on the share sale, which will likely take place in the second half of the year. It has selected ...

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• 7 February

  US plans to impose 200% tariff on Russia aluminum

  

  Bloomberg The US is preparing to impose a 200% tariff on Russian-made aluminum as soon as this week to keep pressure on Moscow as the one-year anniversary of the invasion of Ukraine nears. The move has been contemplated for months, said the people, who asked not to be identified discussing internal deliberations. The people added that the US is also ...

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