September, 2023

• 24 September

  Delivery Hero in talks to sell part of its Asia business

  

  BLOOMBERG Delivery Hero SE confirmed that it’s in talks to sell part of its business in Southeast Asia, where growth has stagnated since Covid-19 lockdowns eased.  The company is in negotiations to sell the Foodpanda brand in Singapore, Malaysia, Philippines, Thailand, Cambodia, Myanmar and Laos, Berlin-based Delivery Hero said in a statement. The negotiations are at an early stage and ...

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• 24 September

  American Airlines  latest to find suspect parts on aircraft

  

  BLOOMBERG American Airlines Group Inc joined a growing number of carriers around the globe that have discovered improperly certified replacement parts sold by a London-based company on their aircraft. American disclosed the finding to Bloomberg News, hours after US federal aviation regulators issued a warning to airlines and other aviation-industry companies. The carrier didn’t immediately identify the type of parts ...

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• 24 September

  Coty raises sales outlook on fragrance demand

  

  BLOOMBERG Coty Inc raised its sales outlook for the current fiscal year, citing continued robust demand for higher-end fragrances. The maker of Burberry and Gucci fragrances now sees like-for-like sales growth of 8% to 10% in the fiscal year that started in July. That’s up from the 6% to 8% sales-growth forecast the company gave in August. Sales are expected ...

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• 24 September

  Lamborghini heads for another year of record sales in Korea

  

  BLOOMBERG Lamborghini is capitalising on the demand for indulgence in South Korea, with sales of its iconic sport cars poised to surpass last year’s record. “The Korean market is developing really fast,”said Francesco Scardaoni, the regional director for Lamborghini’s Asia-Pacific business, at an event to mark the automaker’s 60th anniversary. During the four-day event in Gangnam, an affluent area of ...

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• 24 September

  Tesla gets $80-billion boost from analyst call, but not everyone buys it

  

  BLOOMBERG This may sound familiar: Morgan Stanley analyst Adam Jonas makes an extraordinarily bullish call on the future of Tesla Inc and the shares go on a wild binge. It happened in 2015, and it’s happening again. The problem is investors fear we’re seeing a replay — because after eight years Jonas’ last call has yet to be proven correct. ...

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• 24 September

  Wells Fargo preps for wealth battle after $1bn turnaround

  

  BLOOMBERG Three years and nearly $1 billion later, Wells Fargo & Co is finally playing offense in one of Wall Street’s hottest battlegrounds: wealth management. The banking giant is trying to lure hundreds of independent advisers to join its platform as part of a larger push to expand the firm’s business catering to rich clients, according to Barry Sommers, who ...

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• 24 September

  Apple’s iPhone 15 goes on sale in test of holiday resurgence

  

  BLOOMBERG Apple Inc’s latest iPhones and watches went on sale on September 22, a test of whether a new smartphone design and modest smartwatch changes can help return the company to growth. The devices are going on sale in about 40 countries in its first wave, including in Australia, Hong Kong, mainland China, the US, UK and France. The iPhone ...

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• 23 September

  Khaled bin Mohamed bin Zayed attends reception for Sultan Al Neyadi in Al Ain

  

  AL AIN/ WAM H.H. Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Chairman of Abu Dhabi Executive Council, has attended a reception at Saif Muftah Al Neyadi’s house in the Umm Ghafa area of Al Ain to celebrate the return of Al Neyadi’s son, UAE astronaut Sultan Al Neyadi, from his six-month mission to ...

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• 22 September

  Fujairah Crown Prince attends 2nd Al Bader Festival opening

  

  FUJAIRAH/ WAM H.H. Sheikh Mohammed bin Hamad bin Mohammed Al Sharqi, Crown Prince of Fujairah, has stressed the role of cultural events in highlighting Arab and Islamic arts through various expressive tools and techniques. Such events enhance the significance of arts in society, especially among children and youth, preserve the UAE’s social and religious heritage and promote it across the ...

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• 22 September

  Dubai Municipality conducts over 60 interviews during Ru’ya 2023 Careers UAE Redefined

  

  DUBAI/ WAM Dubai Municipality conducted over 60 immediate interviews for applicants under its ‘Future Talents’ programme for scholarships, and the ‘Pioneers’ initiative for qualifying freshmen graduates. The interviews were conducted during the Ru’ya 2023 careers UAE Redefined Ru’ya, one of the significant recruitment, educational, and training events for UAE citizens hosted at the Dubai World Trade Centre between September 19 ...

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