November, 2022

• 16 November

  Adib enhances Emiratisation campaign

    Abu Dhabi / WAM Abu Dhabi Islamic Bank (Adib) on Tuesday participated in the Tawdheef 2022 career fair. As the platinum sponsor of the event, Adib has taken an active role in the development and recruitment of local Emirati talent. Tawdheef is the UAE’s leading event for employment for Emirati professionals. The platform is designed to help nationals navigate ...

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• 16 November

  DWC to operate 120 ‘match day’ flights for FIFA World Cup

  

  Dubai / WAM Dubai Airports is preparing for a massive surge in passenger numbers at Dubai World Central (DWC) with the Match Day Shuttle Flights to Doha, Qatar for the FIFA World Cup 2022 all set to start from November 20. Operated by flydubai and Qatar Airways, up to 120 match day shuttle flights will fly in and out of ...

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• 16 November

  Why Australia is gearing up for possible war with China

  

    Japan is America’s single most important ally, but Australia has historically been its most reliable. Alone among US allies, not just in the Indo-Pacific but globally, Australia has fought in all of America’s major wars since World War I. As I found during three days in Sydney and Canberra, the prospect of war in the Taiwan Strait is forging ...

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• 16 November

  Data can unleash new green investment

  

    Economies are growing rapidly across the developing world, which is producing a dramatic increase in energy demand. A central challenge facing leaders is how to meet that growing demand — and deliver electricity to the nearly 1 billion people who still lack it — while also phasing out the power source that is a primary driver of climate change ...

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• 16 November

  We have Paxlovid Covid data. Now we need more

    A new study that mined health records from the Department of Veterans Affairs hints that the drug Paxlovid might be useful in preventing long Covid. Scientists have been urging the government and the drug’s manufacturer, Pfizer, to study the idea that lingering virus could be the culprit behind some people’s long-term symptoms, and finally having data is a welcome ...

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• 16 November

  Big Tech layoffs deflate Musk and Zuckerberg

    Restructuring is a horrible time for the staff of any company, but it’s also an opportunity to concentrate on what reliably makes money. Elon Musk has made cuts so deep at Twitter Inc. that his team has started asking dozens of workers to return after being laid off last Friday, when about half of them were shown the door. ...

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• 16 November

  UK gives Korean Air, Asiana one week to address merger concerns

  

  Bloomberg The UK competition regulator said it would launch a more in-depth investigation into Korean Air Lines Co. and Asiana Airlines Inc if the carriers fail to allay concerns their proposed merger would lead to higher prices for passengers and impact cargo operators. The airlines have until November 21 to submit proposals to address competition concerns, the Competition and Markets ...

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• 16 November

  Nike to open its own virtual sneaker store and trading platform

  

    Bloomberg Nike Inc. is opening an online store and trading platform for virtual sneakers as management pumps investment into the metaverse. The world’s largest sportswear company will release its own goods on the .Swoosh platform, and users will be able to collect and show off their items on it. The digital products will include various types of tie-ins and ...

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• 16 November

  SpiceJet posts wider loss as high fuel costs worsen financial woes

  

    Bloomberg SpiceJet Ltd.’s quarterly loss widened as ballooning fuel costs worsened the airline’s financial distress and offset gains from recovering air travel demand. The no-frills carrier posted a loss of 8.38 billion rupees ($103 million) for the three months through September 30, 49% higher than the deficit in the same quarter last year, according to an exchange filing. “The ...

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• 16 November

  Nestle still bullish on plant protein despite dip in demand

  

  Bloomberg A recent fizzle in the hype surrounding plant protein consumption will give way to a more sustainable growth trajectory that could see the segment account for 30% or 40% of the global protein market, according to a top Nestle SA executive. Many investors piled into the faux meat market based on overly optimistic expectations of consumer uptake, Chief Technology ...

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