October, 2022

• 21 October

  Gargash Hospital organises fashion walk – Warriors’ Way Forward

  

    Dubai / Gulf Time As part of its ongoing campaign to raise awareness about breast cancer and highlight the importance of regular screenings, Gargash Hospital, organised a fashion walk – Warriors’ Way Forward – to demonstrate to the community that it is possible to a have a normal life after cancer if detected at an early stage and treated ...

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• 21 October

  Adib named safest Islamic financial institution

    Abu Dhabi / WAM Abu Dhabi Islamic Bank (Adib), a leading Islamic financial institution, announced on Thursday that it has been named the safest bank for 2022 by New York based trade publication Global Finance Magazine, marking the first time the bank has achieved this accolade. Adib was recognised at the awards ceremony held in conjunction with the 2022 ...

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• 21 October

  Jeremy Hunt, markets take Truss on a welcome U-turn

  

  Reality has undone Trussonomics in a few short weeks. Incoming Chancellor of the Exchequer Jeremy Hunt has wasted no time putting his predecessor Kwasi Kwarteng’s tax cuts to the sword. While it’s never a good look for your economic policies to be dictated by swings in the financial markets, a full 180-degree switch was required to draw a line under ...

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• 20 October

  Will variable mortgages make a comeback

  

    Adjustable-rate mortgages, or ARMs, have a bad reputation with homebuyers who have long viewed them as a dangerous financial trap. But with rates on fixed-rate mortgages more than doubling in the past year, some borrowers are taking a second look. The idea of paying less now in exchange for the risk of paying more later seems reasonable if you ...

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• 20 October

  The Twitter mess would never happen in the UK

    The UK takeover regime isn’t kind to private equity buyers. It got even tougher after Kraft Foods Inc.’s bitter acquisition of rival confectioner Cadbury in 2010. But are its rules too restrictive? If the leveraged finance market bounces back, UK stocks should be a prime hunting ground for the private equity industry. Yet local M&A rules are often seen ...

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• 20 October

  Europe misses another chance to fix its union

    Russia’s efforts to use natural-gas exports as a geopolitical weapon present Europe with a challenge: When faced with such a clear and present threat, can it muster the solidarity required of a true union? Policymakers might be coalescing around what they see as an adequate plan. They should be more ambitious: Europe needs a permanent solution to its chronic ...

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• 20 October

  Spirit Airlines shareholders approve $3.8b sale to JetBlue

  

    Bloomberg Spirit Airlines Inc shareholders approved the carrier’s $3.8 billion cash sale to JetBlue Airways Corp, a milestone for a deal that’s poised to eliminate the largest US carrier offering deeply discounted fares. More than half of outstanding shares were voted in favour of the combination, according to preliminary results disclosed by the companies. JetBlue and Spirit still expect ...

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• 20 October

  Walmart enlists social media influencers to help sell everything

  

  Bloomberg Walmart Inc is starting a platform for social media influencers — a bid to get help from online content creators to sell everything from food to apparel. The program, called Walmart Creator and accessible via an internet browser, is designed to make it easier for influencers to recommend company products, the retailer announced in a statement. Influencers will have ...

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• 20 October

  Boeing delays threaten plan to grow in slowdown, says Ryanair

  

    Bloomberg Ryanair Holdings Plc Chief Executive Officer Michael O’Leary said the discount carrier’s ability to gain market share from rivals in a looming economic slowdown is at risk from delays to Boeing Co. jetliner deliveries. O’Leary said he’s concerned the US planemaker may ship only 12 or 13 of the 21 Max aircraft that Ryanair is due to get ...

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• 20 October

  Delta partners with MIT to erase contrails from skies

  

    Bloomberg The aviation sector’s burning of fossil fuels isn’t the only way it contributes to climate change: Contrails, the white clouds that trail behind airplanes, are known by researchers to trap heat from the Earth’s surface in the atmosphere. They are formed when water vapour from engine exhaust mixes with cold air, and their environmental impact is significant. Delta ...

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