November, 2022

• 7 November

  Ryanair lifts passenger target as it shrugs off recession threat

  

  Ryanair Holdings Plc lifted its full-year passenger goal and played down the likely impact of a recession on demand, saying bookings are looking strong as far ahead as next summer. Europe’s biggest discount airline expects to fly 168 million people in the year through March, up from 166.5 million previously, according to a statement on Monday. It said earnings should ...

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• 7 November

  China traders look beyond Covid-Zero policy to snap up stocks

  

  Traders took China’s reiteration of the Covid Zero strategy in their stride, focusing instead on an eventual reopening and continuing to scoop up the nation’s battered shares. That meant another day of gains for equity indexes in Hong Kong and China as they try to stage a sustainable rebound after months of heavy losses. Tech and property shares — ones ...

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• 7 November

  Equities lead risk-on shift as midterm week begins

  

  US equity-index futures rose and a bond selloff stalled as some investors bet a period of disinflation has already begun and the midterm election results will be favourable to markets. Contracts on the S&P 500 and Nasdaq 100 indexes added at least 0.4% each after dropping earlier. Most Treasuries erased losses, leaving only the two-year yield higher on the day. ...

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• 7 November

  Tesla brings Shanghai staff to California to help boost output

  Tesla Inc is sending engineers and production staff from its recently upgraded Shanghai factory to its plant in Fremont, California, in a bid to boost production at the US facility. The Elon Musk-led carmaker will dispatch staff — in particular automation and control engineers — to assist efforts to increase output in Fremont, where Tesla produces the Model S, X, ...

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• 7 November

  Chinese markets face another volatile week

  

  Chinese markets are facing another volatile week after health officials vowed to “unswervingly” stick to the country’s Covid Zero approach, damping investor optimism that Beijing was working towards easing restrictions. Assets from equities to oil rallied last week on convictions that China is taking concrete steps toward reopening. The Hang Seng China Enterprises Index had its best weekly gain since ...

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• 7 November

  Apple adds new iPhone 14 supplier Pegatron in India in shift from China

  

  Apple Inc.’s Taiwanese contract manufacturer Pegatron Corp. has begun assembling the company’s latest iPhone 14 model in India. That move makes Pegatron the second Apple supplier to produce the iPhone 14 in the country. It comes at a time when Apple’s key iPhone Pro manufacturing hub in the Chinese city of Zhengzhou — operated by Foxconn Technology Group — was ...

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• 7 November

  Dubai FinTech Summit to help open new horizons for financial industry

  

  Dubai / WAM     HH Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai, Deputy Prime Minister, Minister of Finance, and President of DIFC, on Sunday announced the launch of the Dubai FinTech Summit, a global event that will bring together more than 5,000 experts, thought leaders, policymakers and decision-makers in Dubai to discuss how they can shape ...

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• 7 November

  UAE, Iraq discuss ways to enhance cooperation

  

  Abu Dhabi / WAM His Highness Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation, received Dr Fuad Hussein, Minister of Foreign Affairs of the Republic of Iraq. During the meeting, which was held in Abu Dhabi, the two sides reviewed the UAE-Iraq ties and ways to enhance cooperation across all domains. They also discussed a ...

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• 7 November

  UAE lifts almost all Covid-19 restrictions as cases decline

  

  Abu Dhabi / WAM During the UAE government media briefing on the Covid-19 pandemic, Dr. Saif Al Dhaheri, Official Spokesperson of the National Emergency Crisis and Disasters Management Authority (NCEMA), has announced that all restrictions and precautionary measures related to Covid-19 will be cancelled, as part of the country’s second phase of easing restrictions, effective at 06:00 AM on Monday, ...

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• 7 November

  UAE President Sheikh Mohamed to attend COP27 in Sharm El Sheikh

  

  Abu Dhabi / WAM President His Highness Sheikh Mohamed bin Zayed Al Nahyan will attend the 27th session of the Conference of the Parties to the United Nations Framework Convention on Climate Change (COP27), which is being held in Sharm El Sheikh in the Arab Republic of Egypt. The conference will welcome world leaders, heads of government, and representatives of ...

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