Dubai / WAM Dubai Cares signed a new partnership with the Ban Ki-moon Centre for Global Citizens (BKMC) to launch the ‘Green Jobs for Youth – Online Training and Mentoring’ programme. With the addition of this new programme, Dubai Cares expanded its programmatic portfolio as a key step to place education at the heart of the global climate and ...
Read More »FTA launches first event under ‘Tax Support’ initiative in 2023
Dubai / WAM The Federal Tax Authority (FTA) has launched the ‘Tax Support’ initiative to raise tax awareness among business sectors in the UAE through direct and sustained contact, as a means to enhance compliance with tax laws and regulations. The first workshop for 2023 under the initiative was held as a collaboration between the FTA and On Time Business ...
Read More »UAE health authorities launch several projects at Arab Health
Dubai / WAM The UAE health authorities have launched several innovative health projects in the 48th edition of Arab Health 2023, which began on Sunday at the Dubai World Trade Centre and will conclude on February 2. The Ministry of Health and Prevention (MoHAP), the Department of Health—Abu Dhabi (DoH), and the Dubai Health Authority (DHA) are showcasing a host ...
Read More »Ethiopian Max crash report made false claims on 737: US
Bloomberg Ethiopian investigators’ report into the Boeing Co. 737 Max crash outside Addis Ababa in 2019 falsely claimed the jetliner had an electrical failure, the US government said, in a highly unusual public rebuttal of the nation’s findings about the fatal accident. The US National Transportation Safety Board (NTSB) accused the Ethiopian Accident Investigation Bureau (EAIB) of making claims ...
Read More »Amazon to charge fees on US grocery orders
Bloomberg Amazon.com Inc will start charging fees to online shoppers for grocery orders of less than $150, underscoring the challenging economics of getting food to shoppers’ doorsteps. The new fees coincide with the company’s efforts to cut costs and adjust to slower growth in online shopping. Charges for the Amazon Fresh grocery delivery service in the US will be ...
Read More »Silicon Valley business travel dried up, says Alaska Air CEO
Bloomberg The head of Alaska Airlines says Silicon Valley technology companies have “turned off†their business travel, and it could be as much as another year before they start booking trips again. “These are the biggest tech companies in the world, and we do have some optimism that they’ll start opening the valve sometime — hopefully in the back ...
Read More »Levi revenue beats expectations as denim demand holds up
Bloomberg Levi Strauss & Co. reported quarterly revenue that exceeded expectations, suggesting fears of a denim slowdown were overblown amid strong momentum in the direct-to-consumer business and improving trends in Europe. Revenue in the fiscal fourth quarter ended November 27 was $1.59 billion, compared with the $1.57 billion average estimate of analysts surveyed by Bloomberg. Earnings of 34 cents ...
Read More »Superdry drops after warning on weaker shopper sentiment
Bloomberg Superdry Plc shares plunged after the fashion retailer cut its profit outlook for the year, blaming its underperforming wholesale business and warning of potential consumer weakness in the months ahead. The British retailer, known for its logo T-shirts and bright colours, expects adjusted pretax profit to be flat for fiscal year ending in April. That compares with a ...
Read More »Philippine coffee chain jumps to record
Bloomberg Figaro Coffee Group Inc. jumped to a record as Philippine’s largest instant noodle maker Monde Nissin Corp. acquired a 15% stake in the company, giving the local coffee chain and restaurant operator more funds to expand its store network. Shares of Figaro advanced 5.6%, trimming earlier gains of as much as 6.7%, while volume surged about 24 times ...
Read More »UK’s power switch-off shows future for cleaner energy grid
Bloomberg For a few hours last week, British consumers were asked to make a choice: keep consuming power as normal or just turn the lights off. Hundreds of thousands of households took part in the effort to reduce electricity demand during a couple of hours when energy supplies were forecast to be particularly tight. There was a financial incentive ...
Read More »