June, 2022

• 29 June

  Seven Agthia products win ‘superior taste awards’

    Abu Dhabi / WAM Agthia group has announced that seven of its products have won the 2022 Superior Taste Award granted by the International Taste Institute in Brussels, Belgium. The products from its brands such as Al Ain Water, Date Crown, Nabil Foods, and Alpin Water were evaluated against thousands of other food products from across the globe by ...

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• 29 June

  Wizz Air Abu Dhabi ups flight frequencies

    Abu Dhabi / Gulf Time Wizz Air Abu Dhabi, the ultra-low-fare national airline of the UAE, has announced additional flights from Abu Dhabi to capitalise on the increasing demand for travel. Providing hassle-free, affordable travel for tourists and residents in both the UAE and throughout the region, flight capacities are being extended to both Bahrain and Muscat, Oman to ...

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• 29 June

  Museum of the Future, RTA accelerate smart city mobility

  

    Dubai / WAM The Museum of the Future and Dubai’s Roads and Transport Authority (RTA) have announced a new partnership to showcase future mobility solutions, from personal jet packs to self-driving cars. They signed a strategic partnership to exhibit some of the world’s most exciting, advanced mobility solutions at the ‘Tomorrow, Today’ exhibition, an ever-evolving showcase of innovations at ...

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• 29 June

  Don’t be in no man’s land between Putin and West

  

  One purpose of summitry in a time of war is the “family photo” — or rather, the harmonious and resolute unity it’s meant to showcase. So it was at last week’s summit of the European Union in Brussels and at this week’s gathering of the Group of 7 in the Bavarian Alps. So it is again as Nato leaders meet ...

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• 29 June

  EY IPO will create a lot of sour grapes

  

  When partnerships decide to sell their firms into the public markets through an initial public offering, it’s always about the money — even if it isn’t only about the money. Big Four auditor Ernst & Young LLP’s potential IPO of its consulting activities could trigger stock windfalls of as much as $8 million each for the consulting partners, according to ...

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• 29 June

  Artificial intelligence’s next big bet is ‘fake’ data

    Microsoft Corp said recently it would stop selling software that guesses a person’s mood by looking at their face. The reason: It could be discriminatory. Computer vision software, which is used in self-driving cars and facial recognition, has long had issues with errors that come at the expense of women and people of colour. Microsoft’s decision to halt the ...

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• 29 June

  Why India is no fan of buy now, pay later plan!

    It seems that India’s central bank is no fan of “buy now, pay later.” But then, the regulator’s irritation with this newish fad in consumer finance is wholly understandable. “Get Credit in 90 seconds. Shop at Millions of Merchants. Pay Later,” says the website of LazyPay, which claims to have 60 million eligible users in India. Rival Uni, which ...

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• 29 June

  Lufthansa apologises for flight chaos, sees no short-term fix

  

  Bloomberg Deutsche Lufthansa AG management apologised for the disruptions and cancellations bedeviling the global aviation industry and cautioned the situation won’t improve in the near future as carriers and airports struggle to rebuild operations from the pandemic slump. In a letter sent overnight to customers, Europe’s biggest airline group laid out the causes of the chaos, from a lack of ...

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• 29 June

  Nike skids on downbeat guidance by China stance

  

  Bloomberg Nike Inc shares fell as the world’s largest sportswear company offered a downbeat full-year forecast for gross margin and said it was being cautious in its outlook for the vital China market. The retailer said it expects gross margin to be flat to down 50 basis points, after it reported results that surpassed analysts’ estimates and overcame supply-chain pressures ...

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• 29 June

  Airbus close to winning $5.5b order from India’s Jet Airways

  

    Bloomberg Airbus SE has emerged as the front-runner to win an order for as many as 50 aircraft worth up to $5.5 billion from Jet Airways India Ltd, people familiar with the matter said, solidifying the European planemaker’s hold in the world’s fastest-growing aviation market. The talks are for A320neo jets and A220 planes, the people said, asking not ...

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