April, 2022

• 28 April

  Air Arabia Abu Dhabi starts new route to Manama

    DUBAI / WAM Air Arabia Abu Dhabi, the capital’s first low-cost carrier, has announced the introduction of a new service to Manama, the capital of Bahrain, starting from May 15. Abu Dhabi travellers will now be able to fly direct to Bahrain International Airport with competitive prices and a frequency of three weekly flights. Adel Al Ali, Group Chief ...

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• 28 April

  Gold Souk Extension ready to welcome the world

  

    DUBAI / WAM Ithra Dubai, a leading real estate developer and manager, fully owned by the Investment Corporation of Dubai, announced the grand opening of the Dubai Gold Souk Extension (GSE). The opening ceremony was attended by key representatives from Ithra Dubai and Dubai Jewellery Group. An inaugural celebration with a golden line-up of entertainment, activations, and promotions will ...

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• 28 April

  KKR nearing deal for French solar, biomass power producer

  

    Bloomberg KKR & Co agreed to acquire French solar and biomass power producer Albioma SA in a deal valued at about 1.6 billion euros ($1.7 billion), in the latest sign of investor demand for renewable energy assets. The buyout firm offered 50 euros per Albioma share, plus a cash dividend of 84 cents, according to a statement, confirming an ...

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• 28 April

  Russia to cut gas to Poland, Bulgaria until demands met

  

  Bloomberg Russia halted gas flows to Poland and Bulgaria in a major escalation, and said it will keep supplies switched off until the two countries agree to Moscow’s demands to pay for the fuel in rubles. European gas prices surged 20% on Russia’s sudden move to turn its vast energy resources into a weapon against Ukraine’s allies. But prices later ...

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• 28 April

  Putin is losing; here’s how he’ll make the war worse

  

  Russian President Vladimir Putin is failing so spectacularly, it’s making him even more dangerous. Running out of ways to de-escalate while saving face, he appears to think that he has no choice but to escalate. What will that look like? His problem is that his failures are becoming too obvious to hide even for Russia’s propaganda machine. He attacked Ukraine ...

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• 28 April

  Boeing’s ‘bad news’ never stops

  

  Forget the basement window. Boeing Co has somehow managed to fall out of a dungeon. Some three years after a second Boeing 737 Max crashed and prompted a worldwide grounding of the best-selling jet, not a quarter has passed without some kind of fresh bad news out of the planemaker. The release of first-quarter results was no exception. Boeing burned ...

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• 28 April

  Energy’s future is both cleaner as well as dirtier

    The green energy revolution is making greater progress than expected. Solar and wind power have seen exponential cost declines, and electric vehicles seem to be a market winner. That’s all good news, but improving green energy is not the same as addressing climate change. There is good chance that even optimistic projections for green energy will come true — ...

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• 28 April

  The BOJ doubles down on a weakening yen

    Any doubt that the Bank of Japan is comfortable with a weak yen should now be eliminated. The central bank is effectively doubling down on the trademark super-easy monetary stance it began developing decades ago — just as the Federal Reserve and its peers become more aggressive in raising rates. In a statement after its policy meeting, the BOJ ...

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• 28 April

  Sainsbury’s warns of lower profit amid cost-of-living crisis

  

  Bloomberg J Sainsbury Plc said profit will fall this year as normal shopping habits return following the end of lockdowns and as shoppers feel squeezed by the higher cost of living. The supermarket chain forecast underlying profit before tax of 630 million pounds ($788 million) to 690 million pounds in the year through March, citing “significant external pressures and uncertainties.” ...

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• 28 April

  Airbus, Italy’s ITA Airways to work on flying taxis

  

    Bloomberg Airbus SE has agreed on a partnership with Italy’s ITA Airways that will see the two companies work together towards eventual deployment of the planemaker’s CityAirbus NextGen flying taxi in the country. A memorandum of understanding details cooperation in areas including recruitment of local partners, identification of markets and the creation of pilot projects, the companies said in ...

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