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ABU DHABI / WAM Taking place immediately after the UN climate meeting COP 26, Adipec will bring together hundreds of ministers, policymakers and business leaders from across the world to share perspectives on how hydrogen can potentially deliver a holistic, clean, integrated approach to the Middle East and North Africa (Mena) region’s energy sector. Held under the patronage of President ...

Betting on the “death of the city” after Covid always looked extreme — Classical Athens survived far worse plagues and disasters. Yet places like London and Paris are once again having to confront the risk of hardening into enclaves for the rich. Even as the scars of past lockdowns keep tourism subdued and some workers in far-flung locales, house prices ...

The first indictment in the Boeing Co 737 Max crisis should not be the last. Late last week, a federal grand jury charged the company’s former chief technical pilot, Mark Forkner, with deceiving Federal Aviation Administration (FAA) officials in their evaluation of the Max and scheming to defraud the plane maker’s customers. Forkner is the only person to be indicted ...

Merger arbitrageurs once found it easy to force bidders for German companies to pay a full price for a takeover target. But acquirers are adopting a new playbook to keep meddlesome hedge funds at bay. For the German corporate sector, it’s a pyrrhic victory. The key battle in German M&A used to be over securing a 75% holding — the ...

Clunk! With all the subtlety of a dropped hammer, Bank of England (BOE) Governor Andrew Bailey dispelled what little doubt was left that UK interest rates would be raised before the end of this year. The central bank would “have to act” to reduce inflationary pressures, he declared at an online panel held by the Group of 30, an organisation ...

Bloomberg Luxury retail chains are losing their once-iron grip on Hong Kong’s shopping streets, as Covid-19 keeps visitors away and forces the city to shift towards restaurants catering to residents. Across the Asian financial hub, one in five shops targeting mainly Chinese tourists and selling jewellery, medicine, cosmetics, clothing and leather goods has closed since the third quarter of 2018 ...

Bloomberg AirAsia Group Bhd’s long-haul arm has offered to pay creditors just 0.5% of the more than $8 billion total debt they are owed and terminate all existing contracts as it tries to restructure, a document seen by Bloomberg shows. The carrier, AirAsia X Bhd, told creditors it is unable to meet immediate debt and other financial commitments based on ...

Bloomberg Saks Fifth Avenue’s e-commerce unit is interviewing potential underwriters this week for an initial public offering that could take place in the first half of 2022, Dow Jones reported, citing people familiar with the matter. The luxury retailer is targeting a valuation of around $6 billion, triple its worth in March, it added. After steps earlier this year to ...

Bloomberg JD Logistics Inc is planning to set up its own fleet of planes as the Chinese firm eyes a greater slice of a cross-border cargo market engulfed by global supply chain snarls. The logistics arm of Chinese e-commerce giant JD.com Inc aims to have “no fewer than 100 planes” by 2030, including leased and jointly purchased aircraft, said Chief ...

Bloomberg Amazon.com Inc plans to hire 150,000 seasonal staffers, about 50% more than last year as the company seeks a cushion of workers to help it meet demand during the holiday shopping period. The world’s largest online retailer typically hires legions of temporary workers this time of year to help store, pack and ship items from its warehouses. Since the ...