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SHARJAH / WAM Kalimat Foundation, a UAE-based global non-profit organisation, signed a Memorandum of Understanding (MoU) with UK-based charity, Book Aid International (BAI), under which both entities will partner to support and enrich the learning resources of refugees and forcibly displaced children in Africa and the Middle East (ME). The agreement formalising the partnership was signed recently, on the sidelines ...

The list of what e-commerce platforms aren’t allowed to do in India has been growing for some time, but the latest prohibition on flash sales has simply gone too far. If the rules get implemented, the entire business model of Amazon.com Inc and Walmart Inc could come unstuck before their investments in a market of 1.4 billion people can grow ...

The customer is always right but up until recently, it felt like that old adage didn’t apply to the airline industry. Customers were packed in like sardines in increasingly tighter rows of seats and battled with each other for precious overhead bin space amid rising baggage fees. Slowly but surely, that’s starting to change. United Airlines Holdings Inc announced a ...

UK house price rises have reached a 17-year high, according to the June Nationwide survey citing 13.4% annual growth. Statistically, this pace looks unsustainable, as prices for the rest of the year will be compared with the swiftly rising prices of the second half of 2020. Those base comparison effects will probably show the annual rate of change topping out. ...

Big Tech got some good news when a US district judge dismissed two antitrust cases brought against Facebook by the Federal Trade Commission (FTC) and a group of states. Curiously, the ruling may also be greeted as good news by the Enemies of Big Tech, who say that existing law is not up to the task of prosecuting monopolies and ...

Bloomberg Airlines follow a pretty simple formula for success — fill as many seats and fly as many hours as possible, and keep a young fleet. One Indian budget carrier is going another way to drum up income — not flying. SpiceJet Ltd hasn’t flown any of its Boeing Co 737 Max jets for more than 27 months, after two ...

Bloomberg A consortium led by Alibaba Group Holding Ltd and the Jiangsu provincial government are nearing a deal to buy a stake in the retail arm of Chinese billionaire Zhang Jindong’s Suning empire, according to people familiar with the matter, the latest domino to fall in Beijing’s effort to clean up its heavily indebted conglomerates. The unit, Suning.com Co, could ...

Bloomberg Devas Multimedia Pvt, a company seeking over $1.2 billion it won in international arbitration from India, has joined Cairn Energy Plc in seeking to seize Air India Ltd’s assets abroad. Calling the flagship airline an “alter ego” of the Indian state and therefore liable for the sovereign’s debts, Devas filed a petition in New York asking Air India to ...

Bloomberg United Airlines Holdings Inc is overhauling its fleet with the biggest jetliner order in company history and an ambitious upgrade for its aircraft cabins, bolstering a push to appeal to more travelers willing to pay for pampering. The airline agreed to buy 200 Boeing Co 737 Max jets and 70 Airbus SE A321neo planes, a deal valued at about ...

Bloomberg Apparel maker Hela Clothing plans an initial public offering on the Colombo Stock Exchange within 12 months to raise capital for entry into North Africa and the expansion of its East African operations. The Sri Lanka-based manufacturer for PVH Corp — the parent company of fashion brands Tommy Hilfiger and Calvin Klein — will offload a 20% stake for ...