Dubai Customs dealt with 13.4mn items of baggage

Dubai / WAM Dubai Customs plays an essential role in facilitating passenger and baggage traffic in general, with more efforts and measures taken during the spread of the pandemic. These extraordinary efforts stand behind the success of Dubai International Airport globally and boost the status of Dubai as a global hub for travel and tourism. Latest figures showed that Dubai ...

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ByteDance to boost its business with new hires

Bloomberg Chinese social media titan ByteDance Ltd plans to hire an additional 13,000 employees this year for its education unit as the company aims to grab a bigger slice of the country’s booming online learning market. ByteDance, the owner of the short video app TikTok, said that it will hire 10,000 educational professionals, including tutors and course designers, in China ...

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European Union is out of Covid-19 vaccine excuses

The European Union has had a dire Covid-19 vaccination campaign so far, and there’s been plenty of buck-passing as a result. Slow regulatory approvals, contractual spats with drugmakers and doubts over vaccine efficacy have all been blamed. But the bloc is running out of excuses, and its leaders know it. The big issues look fixable, but the pace remains slow. ...

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Etsy is no pandemic flash in the pan

If it wasn’t clear already, it ought to be now: Etsy Inc is more than just a stay-at-home stock. The website for handmade goods became a go-to destination for face masks early in the pandemic thanks to quick pivots by its independent sellers to making this new necessity. That helped spark a rally in its shares that made it one ...

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Covid proves value of raising minimum wage

Most Republicans in Congress perennially resist increasing the minimum wage, citing economists who say businesses would have to eliminate workers and raise prices. That would stoke inflation and undermine the economy, they say. But if there was ever a period testing those assumptions and showing why raising the federal hourly wage gradually to $15 (as President Joe Biden proposes) would ...

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Chip shortage exposes supply chain problems

Hoping to address supply-chain disruptions following the pandemic, President Joe Biden ordered a wide-ranging review of US reliance on foreign sources for critical goods such as pharmaceuticals, rare-earth metals and high-capacity batteries. On the most urgent matter — a shortage of semiconductors that has upended production at American automakers — he needs to think bigger. Last spring, car sales collapsed ...

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Boeing fined $6.6m for failing to comply on safety agreement

Bloomberg Boeing Co has agreed to pay $6.6 million in penalties to US regulators after failing to comply with a 2015 agreement to improve its safety processes. The Federal Aviation Administration (FAA) announced the penalties in a press release. The company agreed to pay $5.4 million to settle earlier cases brought against the company and another $1.21 million for two ...

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British Airways parent sees hope after $9b loss

Bloomberg British Airways parent IAG SA said there are grounds for optimism about air travel this summer, after posting its first annual loss in almost a decade. The airline group reported an operating loss of 7.43 billion euros ($9 billion) in 2020, according to a statement. While Chief Executive Officer Luis Gallego expressed growing confidence that a recovery will take ...

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EasyJet ticket sales surge as UK plan boosts hopes

Bloomberg UK holidaymakers reappeared with a roar, showering EasyJet Plc and tour operator TUI AG with summer bookings just hours after PM Boris Johnson outlined a roadmap for air travel to return. EasyJet ticket sales more than quadrupled in the hours after Johnson said that international trips may restart as soon as May 17, the UK carrier said in a ...

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Kohl’s faces activist group seeking control of board

Bloomberg Kohl’s Corp is under pressure from a group of activists who want to name nine directors to control its board and press the retailer to reduce inventory and streamline promotions, according to a person familiar with the situation. The group holds a stake of about 9.5% in Menomonee Falls, Wisconsin-based Kohl’s, said the person, who asked not to be ...

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