September, 2022

• 22 September

  DCT Abu Dhabi to support Abu Dhabi Air Expo 2022

  

    ABU DHABI / WAM The Department of Culture and Tourism – Abu Dhabi (DCT Abu Dhabi) has announced an agreement to support the Abu Dhabi Air Expo for its next three editions by helping to attract sponsors and participants and providing added marketing value. The Abu Dhabi Air Expo fits into DCT Abu Dhabi’s strategy to further stimulate the ...

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• 22 September

  Nafis signs 5 pacts to boost Emiratis integration in healthcare

  

    ABU DHABI / WAM Nafis, a federal programme that supports Emiratis in the private sector has signed five MoUs with higher educational institutions in the UAE to expand the involvement of Emiratis in the healthcare sector through NAFIS’ ‘National Healthcare Programme’ initiative, which has opened its doors for registration in the end of July 2022. The ‘National Healthcare Programme’ ...

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• 22 September

  Truss faces four hurdles to spur growth in Britain

  

  After the mourning period and state funeral for Queen Elizabeth II, the attention of the new Liz Truss government in the UK returns to how best to moderate cost-of-living pressures while seeking growth. The success of this approach, details of which will be made available in the next few days, is not assured. Much will depend on four economic and ...

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• 22 September

  Should you pick online bank for savings?

  

  You should reconsider the bank you use, at least for some of your savings. Chances are, if you’re a customer at one of the major retail banks, you’re leaving real money on the table. High-yield online savings accounts are finally starting to feel like they are in fact, high-yielding — or at least higher-yielding than they’ve been in recent years. ...

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• 22 September

  Did the US shortchange investors $27 billion?

    Elon Musk’s bid to get out of buying Twitter Inc for about $44 billion goes to trial October 17 in Delaware. The same day, another multibillion-dollar lawsuit that zeroes in on good faith when parties sign contracts will be heard in US District Court in Washington. The investment firm Fairholme Funds Inc is leading a group that claims US ...

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• 22 September

  Why Putin can’t tap fascism’s top resource

    The Bucha atrocities and more recent evidence of torture from the areas near Kharkiv recently retaken by the Ukrainian military create an impression of a Russian genocidal zeal — the kind exhibited by Nazi German troops in the territories they captured or, say, by Italian fascist troops in Ethiopia. Yet Vladimir Putin’s Ukraine adventure is such a flop precisely ...

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• 22 September

  Amazon Air cargo flights grow at slowest pace since pandemic

  

    Bloomberg Amazon.com Inc’s cargo airline is growing at the slowest pace since the start of the pandemic, the latest sign that the e-commerce giant is adjusting to slackening demand. Amazon Air freighters averaged about 194 flights a day during a week earlier this month, up 3.8% from March, according to researchers with DePaul University’s Chaddick Institute for Metropolitan Development. ...

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• 22 September

  JD Sports to pay ex-CEO Cowgill $6.3m after exit

  

    Bloomberg JD Sports Fashion Plc will pay former boss Peter Cowgill at least £5.5 million ($6.3 million) as part of an exit deal after he was ousted in May amid concerns over the company’s governance practices, including a meeting he held in a parking lot with the head of a rival company. As part of the accord Cowgill is ...

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• 22 September

  American CEO wants rockets, private jets to help fund FAA

  

    Bloomberg The air up there is getting crowded — and at least one major airline says other users need to pay their fair share. Companies launching rockets and satellite payloads, along with private jet operators need to pay — or pay more — to fund the nation’s monitoring grid for flights, which is seeing an uptick in airborne vehicles, ...

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• 22 September

  Indonesia’s HappyFresh wins funding, revamps board

  

    Bloomberg HappyFresh has secured funding from investors to resume online grocery operations in Indonesia, staving off a potential cash crunch fomented by the regional economic slowdown. The Instacart-style grocery delivery service said it’s restarting operations in its home market, after a strategic review. It will work with venture debt funds Genesis, Innoven and Mars on restructuring the business, HappyFresh ...

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