December, 2019

• 22 December

  Airbus seeking more engines from GE unit

  

  Bloomberg Airbus SE is in discussions with General Electric Co. and Safran SA’s airplane CFM International unit to increase supplies of its engines as Boeing Co. halts production of the beleaguered 737 Max narrow-body, reports said. The engine maker is seeking to ramp up production of the 1A variant of the CFM LEAP engine, which is used on the A320neo ...

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• 22 December

  Citi, American Air cancel trips, seize points for rewards abuse

  

  Bloomberg American Airlines is canceling reward trips and seizing miles, joining partner Citigroup in cracking down on customers who take advantage of the carrier’s loyalty program by opening multiple accounts. Some customers have started complaining in recent weeks on Twitter and a popular Reddit site for people who make a hobby of signing up for credit cards, either properly or ...

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• 22 December

  Amsterdam’s ghost airport grounded by growth-climate clash

  

  Bloomberg From its colonial trading days to reclaiming land from the sea, the Netherlands has a tradition of pushing the limits, but a public backlash over a planned airport suggests that many Dutch have had enough. With the opening of a second Amsterdam hub delayed by 20 months and counting, political fronts are hardening ahead of a crucial environmental-impact report ...

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• 22 December

  Boeing sued for 737 Max-related losses

  Bloomberg An Irish company that buys and leases airplanes sued Boeing Co. in the US to void contracts for almost two dozen 737 Max aircraft and to demand at least $185 million in damages, citing design flaws that led to two deadly crashes. Timaero Ireland Ltd., based in Dublin, sued Boeing in federal court in Chicago, alleging fraud and breach ...

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• 21 December

  US, China arranging signing of trade pact, says Trump

  

  Bloomberg The US and China are arranging the formal signing of the first phase of a broader trade deal between the world’s two biggest economies, President Donald Trump said after discussions between him and his counterpart, Xi Jinping. “Had a very good talk with President Xi of China concerning our giant Trade Deal. China has already started large scale purchases ...

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• 21 December

  Ajman OKs AED1.72b budget for fiscal 2020

  

  AJMAN / WAM His Highness Sheikh Humaid bin Rashid Al Nuaimi, Supreme Council Member and Ruler of Ajman, has issued Emiri Decree No. 10 of 2019, passing the Ajman Government General Budget for the fiscal year 2020. The value of the budget (without deficit) totals AED1.752 billion. According to HH Sheikh Ammar bin Humaid Al Nuaimi, Crown Prince of Ajman ...

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• 21 December

  Oil pares weekly gain as ‘traders’ eye $60 threshold

  

  Bloomberg Oil erased almost an entire week of advances as chart-watching traders tested a key price barrier. Futures in New York fell 1.2%, a day after closing at a three-month high. Selling accelerated after a foray above $61 a barrel petered out, a bearish technical signal. The next key threshold is at the $60 level, traders said. On the fundamental ...

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• 21 December

  267m Facebook users’ IDs, names, phone numbers exposed online

  

  Bloomberg Information on 267 million Facebook users, including user names, phone numbers and Facebook IDs, was exposed online, according to a cybersecurity researcher. The data, mostly from US Facebook users, was posted on a searchable database by a group that appeared to be based in Vietnam, said Bob Diachenko, the cyber threat intelligence director at Security Discovery, a Ukrainian cybersecurity ...

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• 21 December

  DIEDC reviews progress of 2019 initiatives, 2020 plans

  Dubai / Emirates Business Dubai Islamic Economy Development Centre (DIEDC) held its fourth and last board meeting for 2019, chaired by Sami Al Qamzi, Vice Chairman of DIEDC and Director General of the Department of Economic Development in Dubai, on behalf of His Excellency Sultan bin Saeed Al Mansouri, Minister of Economy and Chairman of DIEDC. Summing up DIEDC’s performance ...

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• 21 December

  Mural in Abu Dhabi showcases UAE’s diversity, values, tolerance

  

  Abu Dhabi / WAM As part of the recently launched ‘For Abu Dhabi’ initiative, the Department of Municipalities and Transport (DMT), officially unveiled a new piece of large-scale commissioned artwork at Marsa Al Bateen. The mural, painted by world-renowned Brazilian muralist Eduardo Kobra, depicts faces from a variety of ethnicities that represent the diversity of the nation and embodies the ...

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