May, 2023

• 4 May

  Trump says ‘Twitter Files’ bolster case Jan 6 ban was illegal

  

  BLOOMBERG Donald Trump says Elon Musk’s release of internal files at Twitter Inc show it was illegal censorship when he was banned on the platform for stoking the January 6 insurrection. The ex-president said in a court filing it’s not enough that Twitter, under the new ownership of Musk, welcomed him back onto the platform late last year — an ...

  Read More »
• 4 May

  Zelenskiy renews push for fighter jets at Hague

  

  BLOOMBERG The European Union (EU) is considering ways to target third countries seen as doing too little to stop Russia evade sanctions, particularly those that can’t explain spikes in trade of key goods or technologies, according to people familiar with the matter. Ukraine’s President Volodymyr Zelenskiy visited the International Criminal Court in The Hague, where he urged the creation of a ...

  Read More »
• 4 May

  UniCredit boosts profit, payout targets after record quarter

  

  BLOOMBERG  UniCredit SpA raised its full-year profit target and said it will boost shareholder payouts, after a surge in lending revenue helped the bank post its best-ever first-quarter. The Milan-based bank expects adjusted profit this year above €6.5 billion ($7.2 billion) and investor returns about €500 million higher, according to a statement. Key performance metrics for the period — including ...

  Read More »
• 4 May

  ADB’s new program offers $15b in loans

  

  BLOOMBERG  The Asian Development Bank (ADB) announced a new programme for financing efforts to counter climate change, stepping up its attempt to back one of its main focusses in the region. The Innovative Finance Facility for Climate Change in Asia and the Pacific (IF-CAP) could create up to $15 billion in new loans, through a goal of $3 billion in ...

  Read More »
• 4 May

  COP28 Presidency, YCC advance youth engagement at Ecosoc

  

  NEW YORK / WAM The COP28 Presidency and the COP28 Youth Climate Champion (YCC) team rolled out a series of engagement events for youth during the United Nations Economic and Social Council (Ecosoc) Youth Forum in New York with over 200 youth participants. Highlighting the essential role of youth in climate action, the first event, ‘Harnessing the Power of Youth ...

  Read More »
• 4 May

  UAE holds fifth financial dialogue with Swiss Confederation in Bern

  

  BERN / WAM The UAE, represented by the Ministry of Finance (MoF), has held the fifth financial dialogue with the Swiss Confederation in the Swiss capital, Bern. Both parties discussed bolstering strategic relations and bilateral cooperation in various development, economic and financial fields of common interest. Younis Haji Al Khoori, Undersecretary of the Ministry of Finance, headed the UAE delegation. ...

  Read More »
• 4 May

  Sheikh Khaled bin Mohamed bin Zayed honours winners of 20th Sheikh Khalifa Excellence Award

  

  ABU DHABI / WAM Held under the patronage of UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan, HH Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Chairman of the Abu Dhabi Executive Council, attended the 20th Sheikh Khalifa Excellence Award (SKEA). HH Sheikh Khaled bin Mohamed bin Zayed awarded the 18 winners ...

  Read More »
• 4 May

  Nordstrom plans to close downtown San Francisco stores

  

  BLOOMBERG Nordstrom Inc plans to give up its store in downtown San Francisco, becoming the latest retailer to depart the area as the city struggles with emptied office buildings and crime concerns. “The dynamics of the downtown San Francisco market have changed dramatically over the past several years, impacting customer foot traffic to our stores and our ability to operate ...

  Read More »
• 4 May

  Air France wants state support to compete with Chinese carriers

  

  BLOOMBERG Air France is pressing the French government to limit Chinese airlines’ access to the country, saying they enjoy an unfair advantage because they can fly over Russian airspace closed to many other carriers. The French arm of Air France-KLM wants President Emmanual Macron to introduce taxes or other measures that would create a similar cost base between Air France ...

  Read More »
• 4 May

  Lufthansa Q1 earnings drop after easing supply chain lowers cargo profit

  

  BLOOMBERG Deutsche Lufthansa AG said first-quarter earnings at its air cargo division fell as global freight rates declined, denting a continued recovery in demand for summer tourism travel. Adjusted earnings before interest and taxes at the cargo division fell to €151 million ($166 million) in the period, down from €495 million for the same period a year earlier, the airline ...

  Read More »