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Bloomberg US airline investors may see the three legacy carriers perform differently in the near future, Morgan Stanley analyst Rajeev Lalwani wrote in a note. United Continental Holdings Inc is likely to see upside to earnings, while American Airlines Group Inc may observe a cost reset from labour, Lalwani said. Shares of Delta Air Lines’s has finally started getting some ...

Bloomberg Niki Lauda, the Austrian race-car driver who survived a near-fatal crash to win three Formula 1 world championships and went on to found his own airline, has died, German news agency Deutsche Presse-Agentur (DPA) reported. He was 70. Lauda died in his sleep surrounded by family, a family spokeswoman told DPA in a statement. He received a lung transplant ...

Bloomberg Nordstrom Inc has set a date for the opening of its Manhattan flagship location as construction continues on the department-store chain’s biggest-ever bet. The retailer plans to throw open the doors of its seven-story, 320,000-square-foot store on West 57th Street on October 24, a spokeswoman for Nordstrom confirmed. With Nordstrom and rival Neiman Marcus both coming to town in ...

ABU DHABI / WAM Sheikh Nahyan bin Mubarak Al Nahyan, Minister of Tolerance, said that the UAE’s social cohesion has made it an international model of cultural dive- rsity, as over 200 nationalities live together in the country. In a statement marking World Day for Cultural Diversity for Dialogue and Development celebrated annually on May 21, She- ikh Nahyan said ...

Bloomberg Oil rose after Saudi Arabia and other Opec+ members signalled their intention to keep supplies constrained, while US President Donald Trump ratcheted up tensions with Iran. Futures in New York jumped as much as 1.7%, before paring some of those gains. Saudi Energy Minister Khalid Al-Falih urged members of Opec+ gathered in Jeddah to “stay the course” on output ...

Dubai / Emirates Business Dubai will host 40 global travellers for a ‘one-of-a-kind’ summer extravaganza as part of #BeMyGuest campaign by Dubai’s Department of Tourism & Commerce Marketing (Dubai Tourism). The multi-award-winning programme featured an exclusive social gamification component, inviting Bollywood icon Shah Rukh Khan to help him solve clues around the city in a mysterious, six-part mini-series. With the ...

DUBAI / WAM To promote the values of tolerance and giving, the Telecommunications Regulatory Authority (TRA), launched a series of charitable initiatives during Ramadan, including “A dirham of culture… a kantar of happiness”, “Al Mir Al Ramadani”, and “Iftar with senior citizens”. Speaking about these initiatives, Hamad Obaid Al Mansoori, the TRA Director-General, said, “During the Holy Month of Ramadan, ...

ABU DHABI / WAM Participants at the 10th Zayed Humanitarian Work Forum praised the humanitarian efforts of HH Sheikha Fatima bint Mubarak, Chairwoman of the General Women’s Union (GWU), President of the Supreme Council for Motherhood and Childhood, and Supreme Chairwoman of the Family Development Foundation. They also praised Sheikha Fatima’s support for various volunteer programmes concerning women and children, ...

ABU DHABI / WAM Emirates Global Aluminium (EGA), on Monday announced the start-up of a new AED15 million pre-treatment and crusher facility for spent pot lining in a step forward for the recycling of industrial waste. Spent pot lining (SPL), the used inner lining of reduction cells in which aluminium is smelted, is one of the most significant waste streams ...

Abu Dhabi / WAM The United Arab Emirates has condemned the terrorist attack on a tourist bus near the Grand Egyptian Museum in Cairo, Egypt. A statement issued by the Ministry of Foreign Affairs and International Cooperation, MoFAIC, said that the UAE strongly condemns this criminal act that threatens the security and stability of Egypt. It also expressed the UAE’s ...