October, 2019

• 22 October

  Etihad, Saudia announce 12 new codeshare routes

  

  Abu Dhabi / Emirates Business Etihad Airways, the national airline of the United Arab Emirates, and Saudia, the national flag carrier of the Kingdom of Saudi Arabia, have marked the first anniversary of their commercial partnership by announcing 12 new codeshare routes to key destinations in Asia and Europe. Since signing their agreement in October, 2018, the two airlines have ...

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• 22 October

  Ducab-Etihad Esco deal to save 3.25m KWh energy

  

  DUBAI / WAM Etihad Energy Service Company (Etihad Esco), announced the signing of an agreement with Ducab, one of the UAE’s largest manufacturing businesses, on the sidelines of the 21st Water, Energy, Technology and Environment Exhibition (Wetex), with an aim to support the UAE’s solar energy sector’s growth. The new contract will see Ducab supply its SolarBICC cables – specially designed ...

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• 22 October

  UAE to participate in ‘One Young World summit 2019’ in UK

  Abu Dhabi / WAM A UAE delegation will participate in the ‘One Young World Summit 2019’, in London, UK, which will convene the brightest young talent from more than 190 countries, untill October 25. The participation is in line with the UAE’s strategy to empower young people and provide them with an opportunity to contribute to the national development process. ...

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• 22 October

  RBC cracks Wall Street’s top 10 list for advising on M&A deals

  

  Bloomberg Royal Bank of Canada (RBC) set a goal nine years ago to become a Top 10 investment bank in the US — but cracking Wall Street’s upper echelons for advising on takeovers had proved elusive. Until now. RBC Capital Markets has risen to the No. 10 ranking for advising on announced US mergers and acquisitions this year, its highest ...

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• 22 October

  US bank cuts branch staff in digital push

  

  Bloomberg US Bancorp is eliminating thousands of branch workers as it adjusts to changing customer preferences, according to a person briefed on the decision. The cuts will be in the low thousands, the person said, asking not to be identified because the number isn’t public. In a memo seen by Bloomberg, Chief Executive Officer Andy Cecere said US Bancorp “made ...

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• 22 October

  Axis Bank posts surprise loss as tax expense surges

  

  Bloomberg Axis Bank Ltd posted an unexpected quarterly loss due to a one-time income tax adjustment. It reported a loss of 1.12 billion rupees ($16 million) in the three months ended on September 30, down from a profit of 7.9 billion rupees a year earlier and compared with a 9.05 billion rupees average of analyst estimates compiled by Bloomberg. The ...

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• 22 October

  Visa, Mastercard making mobile shopping easier

  

  Bloomberg Smartphones have made taking a photo and checking fantasy football scores a breeze, but inputting credit card details on that small screen can still be frustrating enough that many shoppers just give up, costing retailers billions. Now, the world’s biggest card networks — a group that includes Visa, Mastercard, American Express and Discover Financial Services — have joined forces ...

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• 22 October

  Lagarde or not, women still face bias in economics

  Bloomberg Hostility and discrimination await women daring to encroach upon the male-dominated world of economics and central banking, according to papers presented at a European Central Bank conference. The research shows that the much-celebrated rise of Christine Lagarde — a lawyer and politician, not an economist or central banker — to become the ECB’s first-ever female president is atypical for ...

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• 22 October

  Three words, 11 million jobs: Draghi’s legacy for euro area

  

  Bloomberg Three words — whatever it takes — defined Mario Draghi’s time as European Central Bank president, but he’s prouder of another number: 11 million jobs. Hardly a public appearance goes by without Draghi mentioning employment growth in the euro zone as a justification for the extraordinary monetary stimulus he’s pushed through since 2011. The focus on jobs might be ...

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• 22 October

  Kosovo’s likely new PM has greater test

  

  Bloomberg When NATO jets bombed Serb forces 20 years ago to push them out of Kosovo, Albin Kurti was packed onto a red bus with other political prisoners to be used as a human shield. He was beaten in custody, convicted of terrorism by a Serb court and sentenced to 15 years in prison. Fearing he’d never leave jail alive, ...

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