September, 2022

• 2 September

  Ajman Chamber takes part in Mihas 2022

    AJMAN / WAM The Ajman Chamber of Commerce and Industry (ACCI) is participating in the Malaysia International Halal Showcase (Mihas), which will be held from September 7-10 with the participation of more than 1,900 companies around the world. This is part of the ACCI’s plan to intensify the participation of its members in foreign exhibitions with a view to ...

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• 2 September

  DMCA strengthens Dubai’s position as marine leisure hub

  

  Dubai / WAM The Dubai Maritime City Authority (DMCA) at the Ports, Customs and Free Zone Corporation has endorsed its continued efforts in implementing a number of initiatives aimed at facilitating operations for yachts and local marinas, with the aim of enhancing Dubai’s position as a marine leisure hub. Sheikh Saeed bin Ahmed bin Khalifa Al Maktoum, Executive Director of ...

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• 2 September

  Biden’s economy has best growth record since Clinton

  

  We’re more than a year-and-a-half into Joe Biden’s presidency, with full second-quarter economic growth numbers from the US Bureau of Economic Analysis now in hand. Which seems like as good a time as any for another installment in my occasional series comparing growth rates under US presidents — which somewhat to my surprise shows Biden on pace to compile by ...

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• 2 September

  Sorry, metaverse won’t replace zoom

  

  “Welcome, welcome!” My guide, Philip, waves at me from his seat in a virtual conference room, where he’s wearing a green shirt and sitting at a desk. I’m at Facebook’s Reality Labs headquarters in Burlingame, California, wearing Meta Platform Inc.’s Quest 2 headset. Philip is in another room there as his cartoonish-looking avatar hops to another seat using a button ...

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• 2 September

  The UK energy crisis won’t steal Christmas

    With energy prices soaring, few houses will be fully illuminated during the festive season. Don’t expect glowing reindeers on lawns or Santas on rooftops. Up and down the country, these holiday features will likely be absent this year. But don’t think Christmas trees will be totally stripped of their fairy lights. Despite the dire predictions, Brits will try to ...

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• 2 September

  A political crisis is the last thing Pakistan needs

    With Pakistan reeling from devastating floods and spiraling inflation, it’s an exceptionally bad time for a political crisis. Unfortunately, that’s what seems to be shaping up in the standoff between the government and ex-prime minister Imran Khan. All sides should recognize that compromise is in their best interests — and, more to the point, in Pakistan’s. Khan bears the ...

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• 2 September

  SpiceJet to raise $200m in fresh capital to ease finance problems

  

    Bloomberg SpiceJet Ltd said it’s in talks with bankers to raise as much as $200 million in fresh capital after reporting a worse than expected quarterly loss, as the Indian airline looks to work a way out of financial distress. The carrier plans to also spin off its cargo business into a separate company, SpiceXpress, by the end of ...

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• 2 September

  Lufthansa to cut flights at major German hubs

  

  Bloomberg Deutsche Lufthansa AG will suspend almost its entire flight operations in Frankfurt and Munich on Friday because of a strike by pilots who are demanding higher pay, adding another day of major disruptions to what has already turned into a summer of travel chaos. In total, about 130,000 passengers will be affected as Lufthansa scraps 800 flights at its ...

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• 2 September

  S Africa’s Woolworths prepares for inflation risk after upping dividend

  

  Bloomberg Woolworths Holdings Ltd. is preparing to battle the impact of soaring inflation in both its key markets, after increased sales and a growing cash pile allowed the South African retailer to raise the annual dividend higher than expected. While a jump in prices is a global risk, Woolworths said the company’s Australian department-store business “should be somewhat mitigated by ...

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• 2 September

  Private jets to Ibiza, Paris surge as rich evade travel chaos

  

  Bloomberg As Europe grapples with a summer of travel chaos, the wealthiest are increasingly taking matters into their own hands. Private-jet use has surged by almost a third in recent months compared to pre-pandemic levels, stretching airport capacity from Ibiza to Mykonos and stoking a political backlash in France. London logged the most private flights — more than 12,000 in ...

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