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Bloomberg JC Penney Co shares surged after the company raised its profit forecast, even amid another quarterly sales decline, as the battered department-store chain’s turnaround plan gains more time to play out. Excluding some items, earnings before interest, taxes, depreciation and amortisation will exceed $475 million this year, up from a previous forecast of between $440 million and $475 million. ...

Bloomberg If you’ve got a flight from LaGuardia, Newark or JFK, there’s a chance you’ve paid more for the ride to the airport than you did on the plane ticket. That’s according to a new ranking by the website Points Guy, which used the cost of airfare, a cab, parking, baggage carts and a cup of coffee to declare all ...

Bloomberg Airbus SE could potentially build an emission-free, 100-seat regional aircraft by the early 2030s, as the aviation industry speeds its response to mounting concern over air travel’s carbon footprint, according to the head of the planemaker’s new-product development arm. The European manufacturer is working on multiple methods to reduce carbon-dioxide emissions, Sandra Bour Schaeffer, chief executive officer of Airbus ...

PARIS / WAM The UAE and United Nations Educational, Scientific and Cultural Organisation (Unesco) announced the UAE-Unesco Global Tolerance Leadership Programme, designed to nurture inclusive societies by developing the capacities of young leaders to foster tolerance, inclusion and intercultural dialogue. Noura bint Mohammed Al Kaabi, Minister of Culture and Knowledge Development, and Chair of UAE National Commission for Education, Culture ...

ABU DHABI / WAM The Abu Dhabi National Oil Company (Adnoc) will continue to unlock smart growth opportunities as it navigates the evolving energy landscape and builds on the momentum gained during a record-breaking edition of the Abu Dhabi International Petroleum Exhibition Conference (Adipec). At the four-day event, Adnoc made a series of strategic announcements to drive value as it ...

Bloomberg Oil climbed to the highest in nearly two months amid optimism that the US and China are close to locking down a partial trade deal. Futures jumped 1.7% in New York, pushing a weekly advance to 0.8% after White House economic adviser said negotiations between two countries were coming down to final stages. That outweighed US government data which ...

ABU DHABI / WAM Dubai Airshow 2019 will kick off at its purpose-built venue at Dubai World Central (DWC) on Sunday. The 2019 show, which will be held until November 21 will build on the overwhelming success of the last event, where more than 160 official delegations and 1,300 governmental and private companies from the Americas, Europe, Asia, and Africa ...

Abu Dhabi / WAM Prospects for further strengthening the long-standing relations between the UAE and Kingdom of Bahrain were reviewed by His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, and Sheikh Khalid bin Ahmed bin Mohamed Al Khalifa, the Foreign Minister of Bahrain. This came as ...

Abu Dhabi / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, received here on Saturday Subrahmanyam Jaishankar, Indian Minister of External Affairs, and discussed ways of furthering the strategic and friendship relations between the two countries. The meeting, which was attended by His Highness Sheikh ...

Dubai / WAM Growing momentum behind regional integration, economic reforms, technological advances and infrastructure development are among the key factors fuelling business growth in sub-Sahara Africa, according to a new whitepaper released by Dubai Chamber of Commerce and Industry in cooperation with the Economist Intelligence Unit (EIU). The report, entitled Promise and Perils: Scaling up businesses in sub-Sahara Africa, was ...