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  Bloomberg Oyo Hotels, the once high-flying Indian startup, reported a narrower quarterly loss after curbing spending to cope with a slow recovery in travel following the pandemic. The loss shrank to 3.33 billion rupees ($40.8 million) in the three months through September from 4.14 billion rupees in the preceding quarter, the company said in a statement. Revenue was little ...

Bloomberg Bangladesh is on course to become a $1 trillion economy by 2040, driven by consumer optimism, innovation in emerging economic sectors and a young engaged workforce, according to Boston Consulting Group (BCG). With average annual growth of 6.4% between 2016 and 2021, the South Asian nation has outpaced peers such as India, Indonesia, Vietnam, the Philippines and Thailand, BCG ...

  Bloomberg Tesla Inc is recalling almost 81,000 electric cars in China — more than it typically ships from its Shanghai factory in any given month — due to a software issue and seat belt problems. The US EV maker will call back 70,434 imported Model S, Model X and Model 3 vehicles, and 10,127 China-made Model 3 cars, the ...

Bloomberg Taiwan is set for a more contentious presidential race focused on rising tensions with China, after low turnout in local elections handed China-skeptic President Tsai Ing-wen’s party historic losses. The ruling Democratic Progressive Party won just five of 21 city- and county-level races, its worst showing since its founding in 1986. The opposition Kuomintang, which historically has an advantage ...

  SEOUL / WAM Five people were killed on Sunday in a helicopter crash in the eastern coastal county of Yangyang in South Korea. Yonhap news agency quoted fire officials as saying that the chopper, an S-58T, crashed on a hill around 10:50am local time, while surveying the area against forest fires. The helicopter was smashed into pieces and burst ...

Abu Dhabi / WAM AD Ports group has signed a contract with China Harbour Engineering Company (CHEC) for the development of buildings and topside infrastructure for the cutting-edge CMA Terminals Khalifa Port, a joint venture owned by CMA CGM’s subsidiary CMA Terminals (with a 70 percent stake) and AD Ports group (30 percent stake). The agreement includes the development of ...

Abu Dhabi / WAM In its ongoing efforts to enhance the innovation ecosystem in the emirate, the Competitiveness Office of Abu Dhabi (Coad), part of the Abu Dhabi Department of Economic Development (Added), has partnered with Prototype Interactive, a UAE-based digital transformation firm, to support inventors in developing their ideas into innovative digital and technological applications that will contribute positively ...

QUETTA / WAM Pakistan’s Army Chief of Staff General Qamar Javed Bajwa opened the Sheikh Mohamed bin Zayed Al Nahyan Institute of Cardiology, which was implemented in the city of Quetta, the capital of Balochistan province. The building is constructed on an area of 121,406 square metres, and at a cost of $27.30 million funded by the Abu Dhabi Fund ...

  Abu Dhabi / Gulf Time Football fans flying with Etihad Airways during the FIFA World Cup Qatar 2022 can watch every match live onboard while in the air on Etihad’s E-BOX entertainment channels Sport 24 and Sport 24 Extra. The live TV service is available onboard the airline’s fleet of wide-body aircraft connecting destinations in Europe, North America, Australia, ...

Bloomberg Rishi Sunak faces another delicate Brexit decision after he was asked by senior civil servants to delay a planned “bonfire” of legislation dating from the UK’s membership of the European Union. The request by officials to shift the current 2023 deadline to remove some 4,000 EU laws from the British statute books by three years is a headache for ...