December, 2019

• 24 December

  Emirates to bring its flagship A380 to Kuwait Aviation Show 2020

  

  Dubai / Emirates Business Emirates, the world’s largest international airline, is set to showcase its latest flagship Airbus A380 to visitors and spectators on January 15 at the Kuwait Aviation Show 2020. Visitors to the show will be able to tour the popular double-decker’s signature interiors and experience its industry trendsetting products across all three classes, including Emirates’ latest generation …

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• 24 December

  Boeing discloses new set of 737 Max messages to US regulators

  

  Bloomberg Boeing Co. has disclosed a new batch of internal messages related to the 737 Max program to federal regulators. The documents were turned over to the Federal Aviation Administration (FAA), the agency said in a statement. The disclosure came as Boeing ousted its chief executive officer. This was the second time that Boeing has delayed turning over to the …

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• 24 December

  Beyond Meat expands partnership with Carl’s Jr, Hardee’s

  

  Bloomberg Beyond Meat Inc. is deepening its partnership with Hardee’s and Carl’s Jr., by offering more menu items and expanding to new locations. The chains, both owned by parent CKE Restaurants, will offer Beyond Meat products on their breakfast, lunch and dinner menus this month. Carl’s Jr., which already had the Beyond Burger, will now offer breakfast burritos and sandwiches …

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• 24 December

  Motorola delays foldable Razr launch

  Bloomberg Motorola is delaying the launch of the foldable Razr smartphone in North America, saying demand for the $1,500 device has outstripped its supply predictions. The handset, announced in November, was supposed to become available for pre-order in December and begin shipping to customers in January. “Motorola has decided to adjust Razr’s presale and launch timing to better meet consumer …

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• 23 December

  Choosing UAE-grown produce can help support food security

  

  Abu Dhabi / WAM Choosing UAE-grown produce can help support sustainability and contribute towards solving food and water security, Madar Farms’ Head of Operations, Kyle Wagner, said during an event in Abu Dhabi. During a panel discussion at New York University Abu Dhabi (NYUAD), with Mariam Hareb Almheiri, Minister of State for Food Security, he urged the public to take …

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• 23 December

  DP World to invest $500m to develop Jeddah Islamic Port

  

  DUBAI / WAM DP World has been awarded a 30-year build-operate-transfer (BOT), concession by the Saudi Ports Authority (Mawani), for the management and development of the Jeddah South Container Terminal at the multi-purpose Jeddah Islamic Port. Under the agreement, DP World will invest up to $500 million to improve and modernise the Jeddah Islamic Port, including major infrastructure development to …

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• 23 December

  US futures edge higher ahead of holiday break

  

  Bloomberg Stocks in Europe edged higher on Monday along with US equity-index futures, with volumes subdued as investors count down to the holiday break. Ten-year Treasuries and the dollar were steady. Healthcare stocks led the modest advance on the Stoxx Europe 600 index after Friday’s record-high close. Contracts on the S&P 500 climbed after the underlying index logged its biggest …

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• 23 December

  China stocks tumble as tech firms sink

  

  Bloomberg China’s benchmark stock gauge suffered its first drop of more than 1% in six weeks after a state-backed fund said it would reduce its stakes in some tech companies. The Shanghai Composite Index closed down 1.4% on Monday, its biggest decline since November 11. The CSI 300 Index slumped 1.3%, its fourth consecutive retreat, with technology-related shares leading the …

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• 23 December

  India stocks drift sideways after hitting multiple highs

  Bloomberg India stocks struggled for direction on Monday as investors weigh the potential impact of continued nationwide protests, after a week in which the benchmark index closed at a record high four times. The S&P BSE Sensex fell 0.1% to 41,642.66 at the 3:30 p.m. close in Mumbai. The NSE Nifty 50 Index also dropped 0.1%. Equity investors have until …

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• 23 December

  Credit Suisse CEO exonerated once again as Bouee takes fall

  

  Bloomberg Credit Suisse Group AG blamed Pierre-Olivier Bouee for a second spying scandal that’s shaken the bank, again painting the former chief operating officer (COO) as a rogue operative who kept chief executive officer Tidjane Thiam in the dark about his activities. Bouee — once a close confidante of Thiam — used a contractor to spy on former human resources …

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