October, 2019

• 8 October

  EasyJet says profit at top end of forecasts

  

  Bloomberg EasyJet Plc said earnings for the year through September were toward the top end of its forecasts, helped by strikes at British Airways and Ryanair Holdings Plc. The unrest at EasyJet’s biggest rivals spurred demand and sent revenue per seat, a proxy for fares, up 0.8% in the second half despite earlier predictions of a slide, the Luton, England-based ...

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• 8 October

  Airbus plans venture to help airlines tackle revenue risk

  Bloomberg Airbus SE plans to establish a financial venture that will help its airline customers hedge against risks to revenue. The London-based Skytra Ltd operation was incorporated in May, according to filings with Companies House that describe its principal activity as the administration of financial markets. “We are currently examining the feasibility of creating a new infrastructure for financial-risk management ...

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• 8 October

  US court rejects Domino’s on blind man’s website lawsuit

  

  Bloomberg The US Supreme Court rejected an appeal from Domino’s Pizza Inc, leaving the company to face a lawsuit by a blind man who says its website and mobile-phone app don’t comply with a federal disabilities law. Corporate trade groups had urged the court to take up the case, saying they are seeing an explosion of lawsuits alleging that sites ...

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• 7 October

  UAE’s investments in Australia hit AED64b

  

  Abu Dhabi / WAM The UAE has around AU$26 billion (AED64 billion) worth of investments in Australia, revealed a senior Australian official on Monday. The Australian Deputy Prime Minister Michael McCormack, said that Australia and the UAE enjoy a strong bilateral relationship in areas including trade and investment, defence, law enforcement, security and consular cooperation. He told the Emirates News ...

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• 7 October

  Masdar joins UK government leaders at London’s CIIF event

  LONDON / WAM Masdar, a subsidiary of Mubadala Investment Company, on Monday joined UK government leaders in London for a specialised industry event to discuss its recent investment in the Charging Infrastructure Investment Fund (CIIF). Last month, Masdar became the first commercial investor in UK government’s GBP400 million CIIF, which aims to more than double the country’s electric vehicle charging ...

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• 7 October

  Petrofac wins contract in Britain’s North Sea

  

  LONDON / WAM UAE-linked Petrofac, an international service provider to the oil and gas production and processing industry, has secured a contract to support the appraisal and selection phase of the Greater Buchan Area development in Britain’s North Sea. Under the terms of the agreement, Petrofac will provide facilities and well support to Jersey Oil & Gas (JOG), which was ...

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• 7 October

  Oil gains after its biggest weekly slump since July

  

  Bloomberg Oil gained after its biggest weekly slump since July ahead of the resumption of US-China trade talks that may sway a cloudy demand outlook. Futures in New York added as much as 1.7% after losing 5.5% last week. Chinese officials are signaling they’re increasingly reluctant to agree to a broad deal pursued by President Donald Trump, according to people ...

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• 7 October

  UAE chairs ITU Council annual COP meeting

  GENEVA / WAM The UAE, represented by the Telecommunications Regulatory Authority (TRA), chaired the annual meeting of the ITU Council Working Group on Child Online Protection (COP), at the ITU headquarters in Geneva. The meeting, chaired by the TRA’s Abdelaziz Al Zarooni, saw participants discuss the development of global COP guidelines and the exchange of experiences among Member States on ...

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• 7 October

  China narrows scope for trade deal with US ahead of talks

  

  Bloomberg Chinese officials are signaling they’re increasingly reluctant to agree to a broad trade deal pursued by President Donald Trump, ahead of negotiations this week that have raised hopes of a potential truce. In meetings with US visitors to Beijing, senior Chinese officials have indicated the range of topics they’re willing to discuss has narrowed considerably, according to people familiar ...

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• 7 October

  dnata extends partnership with Terminal One Group Association

  

  Dubai / Emirates Business dnata, one of the world’s largest air services providers, has extended its partnership with Terminal One Group Association (TOGA) in New York through to 2023. The extension will see dnata continue to provide quality ground and passenger handling services to over 20 airlines including Air France, Japan Airlines, Korean Air and Lufthansa, ensuring smooth and safe ...

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