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Abu Dhabi / WAM The UAE has strongly condemned the Houthi terrorist militias’ attempts to attack civilians and civil objects in Khamis Mushait, Saudi Arabia, with a bomb-laden drone, which was intercepted by the Coalition Forces. In a statement by the Ministry of Foreign Affairs and International Cooperation (MoFAIC), the UAE reiterated that these terror attacks by the Houthis reflect ...

Dubai / WAM In collaboration with Jsoor, the Mohammed Bin Rashid Space Centre (MBRSC) on Wednesday launched the Emirates Space Art Programme (ESAP), to document, capture, and share the emotions of the UAE’s historical advances into space through the culture and creative industries. ESAP will serve as a platform to bring together a wide stratum of the creative community into ...

Andrea Orcel is making Italy’s bank bosses nervous. Chief executive officer of UniCredit SpA since April, he has been overseeing its mooted acquisition of the best bits of Banca Monte dei Paschi di Siena — a move that unsettles the status quo in the old-school world of Italian banking. It may well touch off a new season of mergers and ...

Walt Disney Co keeps trying to tell investors that its growth in streaming-TV subscribers realistically isn’t going to be a perpetual straight shot upward but more like a zig-zagging line quarter to quarter. They won’t listen. Netflix Inc knows how Disney feels. Shares of Disney dipped after Chief Executive Officer Bob Chapek said that various challenges — not least the ...

People can be just the worst borrowers, failing to pay what they owe especially if defaulting doesn’t cost them their house or their car. That’s why credit cards charge eye-watering interest rates and late fees. It’s also why cards and other unsecured consumer debt cause the biggest losses for banks during major downturns — and why central banks assume that ...

As a second act, it doesn’t quite match up to the promise of the original. At last year’s United Nations General Assembly, Chinese President Xi Jinping promised to reduce his country’s emissions to net zero by 2060 and hit peak pollution by 2030. That was a genuinely striking commitment from a country that had long chafed at pollution controls. At ...

Bloomberg Virgin Atlantic Airways Ltd’s US bookings surged more than 600% from a week earlier after the Biden administration said most foreigners fully inoculated against Covid-19 would be able to visit again. New York saw the biggest surge in demand, the UK airline said in a statement, while leisure destinations also performed well. Sales to Orlando, Miami and Las Vegas ...

Bloomberg The federal regulator charged with keeping the nation’s airways safe met with representatives of US passenger airlines and urged them to take more aggressive steps to reduce the incidents of unruly passenger behaviour that have been on the rise during the Covid-19 pandemic. The Federal Aviation Administration (FAA) said its senior leaders initiated the meeting, scheduled to be the ...

Bloomberg Mauritius government is set to reimburse $223.5 million to creditors of state-owned airline and provide an additional 2.5 billion rupees to help the carrier emerge from voluntary administration. The Air Mauritius Ltd debt-restructuring plan is in a report by administrators Sattar Hajee Abdoula and Arvindsingh K Gokhool ahead of meetings with three classes of creditors scheduled for September 28. ...

Bloomberg Brazil’s largest airline Gol Linhas Aéreas Inteligentes plans to operate 250 Vertical Aerospace Group electric air taxis as part of a plan to establish a ride-sharing business. Leasing firm Avolon Holdings Ltd said it will work with Gol to identify local partners and infrastructure and certification requirements for the VA-X4 vertical takeoff and landing model. Avolon ordered 500 of ...