November, 2019

• 24 November

  Amazon throws spaghetti at the grocery wall

  

  Amazon.com Inc. loves to tinker and test. Sometimes projects that seemed like mindless fiddling — the Kindle e-reader, the Prime shopping club, its Amazon Web Services cloud-computing operation — turned out to be important advances for the company, its customers and the technology industry. Despite that history, I have to ask: Does Amazon know what it’s doing in groceries? When ...

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• 24 November

  Italy stuck with Alitalia as Lufthansa, Atlantia balk

  

  Bloomberg Italy risked failure in its latest attempt to bail out bankrupt airline Alitalia, after two companies involved in the rescue got cold feet, raising the prospect of at least a temporary nationalisation of the carrier. State rail operator Ferrovie dello Stato Italiane SpA (FS) said that conditions aren’t in place to form a group to save the airline from ...

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• 24 November

  More than 60 Lion Air crash cases settled, says Boeing lawyer

  

  Bloomberg A Boeing Co lawyer said the aircraft maker has reached settlements in more than 60 wrongful death cases filed after a 737 Max 8 plane flown by Lion Air crashed in Indonesia last year, killing all 189 people aboard. Attorney Dan Webb told US District Judge Jorge L Alonso in Chicago that Boeing has reached agreements involving 63 or ...

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• 24 November

  European airlines hone plan to tackle backlash over emissions

  

  Bloomberg Europe’s airlines are coalescing around a two-pronged response to a public backlash over carbon emissions. Carriers initially plan to extend the use of offsets like tree planting to compensate for greenhouse-gas output while also embracing sustainable biofuels, executives from companies including Deutsche Lufthansa AG, EasyJet Plc and IAG’s British Airways arm said at a conference in Berlin. That’s before ...

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• 24 November

  Air Tanzania jet seized in Canada over dispute

  Bloomberg One of Air Tanzania’s new Bombardier aircraft has been impounded in Canada amid a land-compensation dispute dating back to the 1980s, according to the East African nation’s government. The decision by Canadian authorities to impound the Bombardier Q400 plane isn’t directly linked to Tanzania’s national carrier and is related to a dispute between the East African nation and a ...

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• 24 November

  Berkshire takes on short sellers with bet on furniture retailer

  

  Bloomberg Berkshire Hathaway Inc’s new wager on furniture retailer RH has Warren Buffett’s company in a place it rarely finds itself: invested in a heavily shorted stock. RH is the most popular short in the home-furnishing retail sector with 37% of the shares available to trade on loan to bears, according to data from financial analytics firm S3 Partners. The ...

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• 24 November

  Roger Federer buys stake in Swiss shoemaker

  Bloomberg Twenty-time Grand Slam tennis champion Roger Federer has bought a stake in Swiss running shoe manufacturer On, a move prompted by the end of his contract with Nike Inc and as he plans for life after professional tennis, Swiss newspaper NZZ am Sonntag reported. “I am excited to be able to work with a young Swiss company that’s on ...

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• 23 November

  UAE, US discuss ways to ensure regional security and stability

  

  Washington / WAM His Highness Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation concluded his visit to Washington, DC after meeting with senior US government officials. Sheikh Abdullah met US Secretary of State Mike Pompeo. They discussed UAE-US cooperation to create mutual prosperity and ensure security in the Middle East and around the world. “The ...

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• 23 November

  Abu Dhabi receives bids for world’s largest solar plant

  

  Abu Dhabi / Emirates Business The Emirates Water and Electricity Company (Ewec), a subsidiary of Abu Dhabi Power Corporation (ADPower) and a leading company in the integrated coordination of planning, purchasing and supply of water and electricity in the Emirate of Abu Dhabi and beyond, has received bids for its 2 GW Solar Photovoltaic (PV) Independent Power Producer (IPP) project, ...

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• 23 November

  Domestic helps over 60 yrs to get contracts renewed

  Dubai / WAM Domestic workers aged over 60 years shall be allowed to get their employment contracts renewed under three conditions, including medical fitness, payment of medical coverage and an official consent by competent departments allowing them to continue their residency visa, according to the UAE Ministry of Human Resources and Emiratisation. According to the ministry’s announcement, the auxiliary worker ...

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