July, 2022

• 29 July

  Emiratis begin registering for healthcare program for scholarships

  

    Abu Dhabi / WAM The Healthcare Programme, an initiative by the Emirati Talent Competitiveness Council (Nafis), has begun registering UAE nationals with, at least, high school degrees. The initiative aims to attract 2,000 nationals to the healthcare sector in 2022, while continuing the process until reaching the target of attracting 10,000 nationals to the sector by 2026. The programme ...

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• 29 July

  Have Putin’s Ukraine goals shrunk now or expanded?

  

  The war in Ukraine is, let’s admit it, weird. Russian citizens can, at least theoretically, travel to Ukraine for business or pleasure, though now — only since June — they need visas. The belligerents are parties to a recent deal ensuring safe grain exports. Russian gas keeps flowing to Europe through Ukraine’s pipeline system, albeit in reduced volumes. Countries that ...

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• 29 July

  Spirit had no choice but heed investors

  

  Spirit Airlines Inc is now dancing with only one suitor. A high-stakes shareholder vote over the low-cost carrier’s proposed merger with Frontier Group Holdings Inc appeared to come down to the wire, with Spirit pausing the proceedings at midday to allow for a few extra hours of negotiations. In the end, despite the additional time and four earlier delays in ...

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• 29 July

  Can Alphabet investors ignore warning signs?

    For a market that has typically been seen as concentrating on the future, investors can sometimes take a surprisingly backward view. Consider their upbeat reaction to Alphabet Inc’s earnings, reflected in the stock’s 5% jump on July 27. As encouraging as it might be that second-quarter revenue came close to what analysts expected — although the 13% growth rate ...

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• 29 July

  Global banks can ride India’s dollar crunch

    Bangladesh is seeking a bailout from the International Monetary Fund (IMF); Pakistan is expected to receive its own $1.2 billion rescue deal soon. Neither wants to end up another Sri Lanka. The island nation was pulled into a vortex of empty dollar coffers, popular anger over shortages of food, fuel and medicines, political chaos and a still-deepening economic funk. ...

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• 29 July

  Airbus cuts its delivery target, slows ramp up on supply woes

  

    Bloomberg Airbus SE cut its delivery goal and slowed a ramp up in production of its best-selling narrow-body model as supply-chain issues afflicting everything from engines to microchips show no sign of easing. The world’s biggest planemaker now aims to hand over around 700 aircraft in 2022, compared with an earlier target of 720, it said in a statement. ...

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• 29 July

  Ryanair’s Spanish crew plan months of strikes

  

  Bloomberg Ryanair Holdings Plc’s Spain-based cabin crew plan to strike for four days a week over the next five months in a major escalation of a dispute over pay at Europe’s largest discount carrier. The SITCPLA and USO unions have called 24-hour walkouts from August 8 until January 7, according to a statement. A SITCPLA representative said it had “no ...

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• 29 July

  JetBlue nears agreement to buy Spirit after Frontier falls short

  

  Bloomberg JetBlue Airways Corp was close to an agreement to buy Spirit Airlines Inc, according to people familiar with the matter, swooping in hours after Spirit ended a pending merger with Frontier Group Holdings Inc on a lack of shareholder support. An accord was expected to be announced as soon as Thursday, said the people, who asked not to be ...

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• 29 July

  Singapore Airlines swings to profit as demand roars back

  

  Bloomberg Singapore Airlines Ltd swung to a profit in the three months through June, as the end of travel restrictions across most of the world sparked a surge in demand for flights. The airline said in a statement that it posted net income of S$370 million ($268 million) in the quarter, compared with a loss of S$409 million in the ...

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• 29 July

  SpiceJet shares slump as India cuts flights on safety issues

    Bloomberg SpiceJet Ltd tumbled in Mumbai trading after India’s aviation safety regulator limited the number of seats the budget carrier can sell at 50% for eight weeks following several mid-flight incidents, a move that could severely hurt its ability to earn money. SpiceJet shares fell as much as 9.7% on Thursday, the biggest intraday decline since May 6 and ...

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