UAE strongly condemns terror attack in DRC

  Abu Dhabi / WAM The UAE has strongly condemned the terrorist attack that took place in eastern Democratic Republic of the Congo (DRC) and killed more than 100 people. In a statement, the Ministry of Foreign Affairs and International Cooperation (MoFAIC) affirmed that the UAE expresses its strong condemnation of these criminal acts and its permanent rejection of all forms ...

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Expo Khorfakkan to host Jewels of Emirates exhibition for first time

  Sharjah / WAM Expo Khorfakkan is all set for the first edition of the Jewels of Emirates exhibition, which is to run from December 8-11 with the support of Sharjah Chamber of Commerce and Industry (SCCI) and the supervision of Expo Centre Sharjah (ECS). The event boasts a host of elite specialised Emirati companies and designers along with some ...

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Delta, pilots reach four-year deal with 31% in pay raises

  Bloomberg Delta Air Lines Inc pilots would receive at least 31% in pay hikes over the four-year term of an agreement in principle reached with the carrier. The tentative accord — with $7.8 billion in total increased value — would also provide a one-time payment to pilots, the Air Line Pilots Association told members in an email. The agreement, ...

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Airbus faces mammoth delivery challenge to reach full-year target

Bloomberg Airbus SE faces a huge challenge in reaching its target for full-year aircraft deliveries, a key metric for the European company, after November handovers fell well short of the level needed to attain the goal. The world’s biggest planemaker shipped about 55 aircraft last month, based on data from aviation analytics firm Cirium, leaving it about 150 short of ...

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Kroger raises its profit outlook as regulators weigh Albertsons deal

  Bloomberg Kroger Co lifted its annual profit outlook for the year, but it wasn’t enough to thrill investors as Wall Street fretted about inflation’s toll on shoppers amid the grocer’s push to buy Albertsons Cos. A moderate comparable-sales forecast for the current quarter suggests a slowdown after Kroger handily beat analyst estimates in the previous three-month period. That’s fuelling ...

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Black Friday compounds UK retailers’ inventory problem

Bloomberg A lackluster Black Friday in the UK added to an already muted Christmas season, leaving retailers with a problem: too much stock. Marks & Spencer Group Plc, Next Plc and Hotel Chocolat Group Plc are all trying to tackle high inventories that are forcing some British retailers to take on costly warehouse expenses and contemplate even steeper discounts. According ...

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Heathrow strikes planned on eve of Christmas getaway

  Bloomberg Families flying abroad for Christmas face strikes at Heathrow airport, with baggage handlers set to walk out for three days just as the end of the school term triggers a mass exodus via the London hub. About 350 staff at Menzies Aviation, which provides ground-handling services for carriers including American Airlines and Deutsche Lufthansa AG, will strike from ...

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US plans broader scrutiny of jet designs

  Bloomberg US aviation regulators plan to conduct broader safety assessments of new jetliners in an attempt to identify the kind of hidden flaws that led to two Boeing Co 737 Max crashes. The Federal Aviation Administration (FAA) issued proposed regulatory changes requiring more comprehensive and consistent reviews of aircraft technology and how different systems might interact with each other. ...

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German minister pursuing hydrogen in Namibia, S Africa

  Bloomberg German Economy Minister Robert Habeck began a five-day trip to Namibia and South Africa Sunday, part of a push to secure new energy resources for Europe’s biggest economy to compensate for the cut-off from Russian gas supplies. During his first stop in the Namibian capital Windhoek, Habeck, who’ll be accompanied by a delegation of 24 German business leaders, ...

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Shanghai eases Covid curbs as China’s policy shift expands

  Bloomberg Shanghai eased some of its Covid restrictions, joining other top-tier Chinese cities as authorities expand a shift towards reopening the economy after thousands of demonstrators took to the streets last weekend to voice their anger at China’s Covid policies. The financial hub will scrap PCR testing requirements to enter outdoor public venues such as parks as well as ...

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