January, 2020

• 18 January

  JetBlue again raises checked-bag fees

  

  Bloomberg JetBlue Airways Corp has added another $5 to its fees for checking a first and second bag, setting a new benchmark that other major US airlines will probably follow. The airline has hiked the cost of checking a first bag to $35 from $30, and to $45 from $40 for the second bag. The price for checking a third ...

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• 18 January

  US tests passengers for deadly Chinese virus at three airports

  

  Bloomberg Passengers flying into three of the busiest US airports from Wuhan, China, or via connecting flights were screened for a new virus that has sickened dozens in China and already spread in Southeast Asia. US health and immigration officials started screening passengers on direct flights from Wuhan for symptoms such as coughs and fever at New York’s John F ...

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• 18 January

  S African Airways director resigns amid cash crunch

  Bloomberg Martin Kingston resigned as a director of South African Airways as the state-owned airline’s administrator scrambles for cash to keep it going. “There is no need for me to be on the board given the appointment of the Business Rescue Practioners,” Kingston, the executive chairman of Rothschild & Cos South African unit, said. The loss-making carrier has been under ...

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• 18 January

  HelloFresh shares surge on recipe-box sales

  Bloomberg HelloFresh’s stock jumped as much as 14% after the company reported preliminary 2019 results, beating analyst expectations. Adjusted earnings before interest, tax, depreciation and amortisation for last year is expected to come in at 45 million euros ($50 million) to 48 million euros, the company said in a statement. That beat the 22.1 million-euro average estimate from analysts, according ...

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• 18 January

  Amazon lends Deliveroo cash while UK probes investment

  

  Bloomberg Amazon.com Inc has offered Deliveroo a loan after a UK probe into the food-delivery startup’s last funding round threatened a cash crunch, people familiar with the matter said. Without the backing from Amazon, Deliveroo ran the risk of running low on capital, the people said. While the size of the loan is unclear, the London-based company has significant funds ...

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• 15 January

  UAE gold, diamond trade hits AED258.4bn in 2018

  Abu Dhabi / WAM The value of the UAE’s trade in raw and semi-worked gold and diamonds in 2018 amounted to AED258.4 billion, which reinforced the country’s position as a regional centre of the trade in the Middle East. The gold and diamond trade accounted for around 15.8 percent of the UAE’s total non-oil trade in 2018, valued at AED1.628 ...

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• 15 January

  UAE, IRENA sign MoU to ehance cooperation

  Abu Dhabi / WAM In the presence of Suhail Al Mazrouei, UAE Minister of Energy and Industry, Dr Matar Hamed Al Neyadi, Under-Secretary of the Ministry of Energy and Industry, and Francesco La Camera, Director-General of the International Renewable Energy Agency (IRENA) signed a Memorandum of Understanding (MoU), during the Abu Dhabi Sustainability Week. The MoU aims to strengthen and ...

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• 15 January

  Adnoc will continue to prioritise sustainability goals, says Al Zaabi

  

  ABU DHABI / WAM Ahmed Jasim Al Zaabi, Chief Financial Officer of the Abu Dhabi National Oil Company (Adnoc), has highlighted the company’s longstanding commitment to environmental stewardship through a set of new and comprehensive sustainability goals and initiatives. Addressing some of the world’s most prominent finance professionals at the second Abu Dhabi Sustainable Finance Forum (ADSFF), Al Zaabi highlighted ...

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• 15 January

  UAE ministry, Netherlands discuss future cooperation

  

  ABU DHABI / WAM Sultan bin Saeed Al Mansouri, Minister of Economy, and Lody Embrechts, Ambassador of the Netherlands to the UAE, discussed ways of developing economic relations between the UAE and the Netherlands. During the meeting, both sides also discussed their potential cooperation in a range of vital sectors, including agriculture, food products, industry, services, logistics, tourism, small and ...

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• 15 January

  $50m UAE-Caribbean fund to finance more green energy projects

  

  ABU DHABI / WAM The UAE-Caribbean Renewable Energy Fund (UAE-CREF), has entered the second cycle of its three-year plan to build climate-resilient renewable energy projects in 16 Caribbean nations, successfully completing new development and funding agreements for the Dominican Republic, Haiti, Guyana, Grenada, Saint Kitts and Nevis, Trinidad and Tobago, and Suriname. The announcement was made at Abu Dhabi Sustainability ...

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