January, 2023

• 19 January

  Emirates’ A380 returns to Morocco from April 15

  Dubai / WAM Emirates has announced that it will reintroduce its flagship A380 to Casablanca as part of the airline’s ramp up of operations to Morocco. Starting from April 15, the airline will replace the Boeing 777-300ER aircraft currently used between Dubai and Casablanca with its flagship A380 to meet growing demand on the route. The A380 service, operating as ...

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• 19 January

  Adnoc uses innovative drone technology to plant mangroves

  

  Abu Dhabi / WAM Abu Dhabi National Oil Company (Adnoc) on Wednesday announced it has signed a contract with Distant Imagery, a UAE-based environmental technology company, to plant 2.5 million mangrove seedlings across Abu Dhabi using innovative drone planting technology adopted by the Environment Agency – Abu Dhabi (EAD). The new contract signed at the Abu Dhabi Sustainability Week (ADSW) ...

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• 19 January

  Saasst receives first signal from ‘Sharjah-Sat-1’

    Sharjah / WAM The Sharjah Academy for Astronomy, Space Sciences and Technology (Saasst) of the University of Sharjah (UoS), successfully received the first communication signal from its first CubeSat, “Sharjah-Sat-1,” on January 17 at 10:02, once it reached its orbit around Earth. Sharjah-Sat-1 is the first miniaturised satellite, launched by Saasst on January 3, as part of a series ...

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• 19 January

  Ryanair records strongest ever sales with two million bookings

  

    Bloomberg Ryanair Holdings said strong demand across Europe and the UK drove its best ever sales last weekend as people continue to plan summer getaways despite the surging cost of living. Passenger bookings at Europe’s biggest discount airline exceeded two million, surpassing the previous record set in 2019 by 400,000 or 25%, Chief Executive Officer (CEO) Michael O’Leary said ...

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• 19 January

  Amazon layoffs set to affect 18,000 workers

  

  Bloomberg Amazon.com Inc is set to begin a round of layoffs ultimately affecting more than 18,000 employees in the largest job cull in its history, which it announced earlier this month. The cuts come as the retailer grapples with slowing online sales growth and braces for a possible recession affecting the spending power of its customers. The eliminations started last ...

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• 19 January

  Electrolux plunges on mounting loss in North American business

  

    Bloomberg Electrolux AB fell the most in six months in Stockholm trading after the Swedish appliance product maker reported a loss that was about four times bigger than estimated. The Stockholm-based company expects a fourth-quarter operating loss of about 2 billion kronor ($190 million), according to a statement. That compares with an average loss estimate of 575 million kronor ...

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• 19 January

  Aritzia sales boom in US by luring Gen Z with super puff jacket

  

  Bloomberg Aritzia Inc is winning over American teens and 20-somethings with a playbook that looks out of step with today’s often bleak retail environment. The company offers high-touch service, including personal shoppers. Discounts are rare. And it’s making locations bigger instead of shrinking them. “The stores are beautiful, and the service is excellent,” said Mark Petrie, analyst at CIBC World ...

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• 19 January

  Budget grocers Lidl, Aldi hike prices

    Bloomberg German discounters Lidl and Aldi raised prices more sharply than other supermarkets in the UK last month as food inflation spreads to every area of grocery. Shoppers at Lidl saw their bills rise by 21.1% last month versus a year earlier and Aldi was close behind with a 20.8% increase, according to a report from Which, a consumer ...

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• 19 January

  Britishvolt’s debacle reinforces UK car sector’s existential dread

  

    Bloomberg The writing was on the wall when Britain finalized its break from the European Union: The UK sorely lacked the battery manufacturing capability that would be absolutely critical to the auto industry’s future, leaving the country’s already declining car sector in a make-or-break bind. The failure of Britishvolt Ltd. to get past the stage of developing prototypes for ...

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• 19 January

  US overspent because of its fractured politics, Raghuram Rajan says

    Bloomberg Public borrowings in the US and elsewhere have swelled because of overspending partly fueled by fractured politics, said former International Monetary Fund Chief Economist Raghuram Rajan. “The size of the debt has gone up tremendously,” he told a panel at the World Economic Forum in Davos. “Part of the problem that’s going on is clearly there is a ...

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