December, 2022

• 11 December

  Museum of the Future receives global award

    Dubai / WAM The Museum of the Future (MOTF) has received a global award recognising its commitment to diversity, accessibility, inclusion, and equity, reflecting its vision for a brighter future that is designed with everyone in mind. The museum won a Roy L. Shafer Leading Edge Award, also known as an ‘Edgie’, which is presented by the Association of ...

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• 11 December

  More than 6,300 volunteers participate in ‘Clean UAE’ campaign

  

  Dubai / WAM Under the patronage of the Ministry of Climate Change and Environment and in association with the Ministry of Community Development, the 21st cycle of the nationwide campaign, the “Clean UAE” reached its 4th stop – the emirate of Dubai. Armed with the successes achieved in the previous stops in Ajman, Fujairah and Sharjah, Emirates Environmental Group (EEG) ...

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• 11 December

  Albertsons dividend stays on hold as states fight to block it

  

    Bloomberg Albertsons Cos was ordered by a Seattle-area judge to keep its $4 billion special dividend on hold until December 19 while Washington’s attorney general asks the state supreme court to halt the payment during a regulatory review of the grocery chain’s pending merger with Kroger Co. The last-ditch appeal to block the dividend in Washington comes as other ...

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• 11 December

  Tata’s Air India nears deal for 150 Boeing 737 Max jets

  

    Bloomberg Tata Group-owned Air India Ltd is close to signing a deal with Boeing Co to buy up to 150 737 Max planes, marking the first major aircraft order after the carrier’s privatisation, the Economic Times reported, citing people it did not identify. Air India is likely to place a firm order for 50 737 Max jets with an ...

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• 11 December

  European suppliers shifting to US to escape high energy costs: Faury

  

    Bloomberg Airbus Chief Executive Officer Guillaume Faury warned that European aerospace suppliers are starting to move to the US to escape surging energy costs and urged governments to provide tax breaks to halt the flow. Some German companies, for example in the chemicals sector, have already decided to relocate, while in France there’s more of a “wait and see” ...

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• 11 December

  American, JetBlue expand partnership challenged by DOJ

  

    Bloomberg American Airlines Group Inc and JetBlue Airways Corp plan to expand domestic and short-haul international flying next year under a partnership that US antitrust officials are seeking to dissolve. The expansion to 10 new cities, if it goes through as planned, will bring the carriers’ Northeast Alliance to 500 daily departures across New York’s three major airports, and ...

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• 11 December

  Thailand hits tourism goal as foreign arrivals top 10mn

    Bloomberg Thailand reached its target of welcoming 10 million foreign visitors this year, signalling a better-than-expected recovery of its vital tourism sector that was nearly decimated by the Covid-19 pandemic. The government held events across Thailand, with cultural shows at seven airports and two border checkpoints to celebrate reaching the goal before the end of the year. Officials handed ...

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• 11 December

  Lululemon drops most since 2020

    Bloomberg Lululemon Athletica Inc shares fell the most since the start of the pandemic after lower-than-expected profitability raised concerns about a pileup of inventory and the yogawear maker’s full-year sales forecast disappointed Wall Street. Gross margin, a key gauge of profitability, was 55.9% in the third quarter, short of analysts’ average estimate of 56.7%. Inventories surged from a year ...

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• 11 December

  New Year holds promise for China IPOs after 2022 haul

  

    Bloomberg Chinese companies raised a record amount in initial public offerings (IPOs) at home this year, defying a global slump. And with the end of Covid Zero in sight, 2023 could be set for another strong showing. Listings in Shanghai, Shenzhen and the recently inaugurated Beijing exchange brought in $92 billion this year, according to data compiled by Bloomberg. ...

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• 11 December

  Japan’s Takeda secures EU regulatory approval for its dengue vaccine

  

  Bloomberg Takeda Pharmaceutical Co’s dengue vaccine was given the green light for use in Europe, making it the world’s second ever inoculation to be approved to fight the mosquito-borne disease that affects almost 400 million people a year. The European Commission approved the two-shot regimen, called Qdenga, for individuals four years of age and older, Takeda said. Takeda’s shots can ...

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