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Bloomberg Romania denied an earlier claim that a Russian missile had crossed into its air space, an incident that risked escalating tensions with Nato as the Kremlin launched a barrage of attacks across Ukraine. Romania’s Defense Ministry said authorities detected an aerial target on Friday, most likely a cruise missile, launched from a Russian warship in the Black Sea near ...

Abu Dhabi / WAM President His Highness Sheikh Mohamed bin Zayed Al Nahyan accepted condolences from several Sheikhs and citizens over the passing of Sheikha Maryam bint Abdullah bin Sulayem Al Falasi. Accepting condolences along with His Highness Sheikh Mohamed were Sheikh Khalifa bin Hamdan Al Nahyan, Sheikh Hamad bin Hamdan Al Nahyan, Sheikh Sultan bin Hamdan Al Nahyan, Sheikh ...

  Abu Dhabi / WAM Adnoc Distribution on Thursday reported strong earnings for full-year 2022, with year-on-year growth in Ebitda by 15 percent to AED3.52 billion, and net profit by 22 percent to AED2.75 billion for 2022. The company’s total fuel volumes continued to increase during the year, recording an 8 percent year-on-year growth through 2022 – with commercial fuel ...

  Abu Dhabi / WAM Abu Dhabi Airports, the operator of the emirate’s five airports, on Thursday released its passenger traffic results for 2022. From January 1 to December 31, 2022, 15.9 million guests used Abu Dhabi International, Al Ain International, Al Bateen Executive, Delma Island and Sir Bani Yas Island Airports – tripling the 5.26 million achieved in 2021. ...

  Abu Dhabi / WAM The United Arab Emirates has announced that it will allocate AED1.83 million in cooperation with “Nadia Murad’s Initiative”, to implement the second phase of a comprehensive development project to provide water supply and sanitation in the Sinjar district of Iraq. Sultan Al Shamsi, Assistant Minister of Foreign Affairs and International Cooperation for International Development Affairs, ...

Bloomberg A.P. Moller-Maersk A/S, a bellwether for global trade, said “muted” economic growth is set to push the world’s container shipping volumes down by as much as 2.5% this year. The shipping market has normalized after two years of exceptionally high freight rates, when supply snarls and and a shortage of vessels allowed Maersk and its peers to charge higher ...

Bloomberg Tesla Inc. will present a third version of Elon Musk’s “master plan” next month, almost a full year after the chief executive officer said he was working on a next edition. The electric-car maker will outline “the path to a fully sustainable energy future for Earth” during its March 1 investor day, Musk tweeted. Tesla has already said its ...

  Bloomberg The UK was the only European country in the Group of Seven nations where real incomes adjusted for inflation fell in the third quarter of last year, according to the OECD. Rampant inflation was to blame for continuing slide in household spending power, the Paris-based organization said, piling pressure on Prime Minister Rishi Sunak’s government and the Bank ...

  Bloomberg Electric vehicle startups Polestar Automative Holding and Rivian Automotive Inc. are known for doggedly tracking their individual corporate emissions, detailing the environmental toll of everything from the lights in their factories to the rubber in their cars’ tires. On Wednesday, the EV rivals paired up with consulting giant Kearney to raise a flag on the industry more broadly: ...

Bloomberg Philippine President Ferdinand Marcos Jr. and Japanese Prime Minister Fumio Kishida oversaw agreements bolstering military and infrastructure ties between the two US allies amid China’s growing power in the region. During the first visit by Marcos to Tokyo since taking office, the two governments signed seven deals, including one aimed at making easier for Japan’s Self-Defense Forces to take ...