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BLOOMBERG Conglomerate Tata Group plans to build one of India’s biggest iPhone assembly plants, tapping Apple Inc’s ambitions to increase manufacturing in the South Asian country. Tata wants to construct the factory in Hosur in the southern Tamil Nadu state, according to people with knowledge of the matter. The facility will likely have about 20 assembly lines and employ 50,000 ...

BLOOMBERG Apple Inc, seeking to reverse a decline in Mac and iPad sales, is preparing several new models and upgrades for early next year, according to people familiar with the situation. The effort includes updating the iPad Air, iPad Pro and MacBook Air, according to the people, who asked not to be identified because the products haven’t been announced. The ...

ABU DHABI / WAM The Cultural Programmes and Heritage Festivals Committee – Abu Dhabi and the Emirates Heritage Club have jointly organised the Al Wathba Dates Festival and Auction until December 22 at the Sheikh Zayed Festival in Al Wathba, Abu Dhabi. The date palm beauty contest attracted many farmers and collected 2.5 tonnes of dates from the country’s farms, ...

BLOOMBERG Boeing Co delivered 46 of its 737 family jets in November, its largest such tally in five months, leaving the manufacturer just 24 aircraft short of its revised annual target. The US planemaker has stepped up its delivery tempo as it streamlines inspections of a supplier defect in some 737 Max models and works to clear already built aircraft ...

ABU DHABI / AD MEDIA OFFICE In the presence of His Highness Sheikh Theyab bin Mohamed bin Zayed, Chairman of the Office of Development and Martyrs Families Affairs at the Presidential Court, the Authority of Social Contribution – Ma’an (Ma’an), has launched its We Volunteer strategic initiative. Aiming to enhance community engagement by developing a volunteering eco-system in Abu Dhabi, ...

BLOOMBERG Air France-KLM jumped the most in nine months in Paris trading after the airline group promised profitability beyond its current target. The operating margin will exceed 8% between 2026 and 2028, the Franco-Dutch airline group said on Thursday in a statement ahead of a meeting with investors. The goal compares with a medium-term prediction of a margin of 7% ...

BLOOMBERG Southwest Airlines Co kept its year-end outlook largely intact despite stronger-than-expected holiday travel, unsettling investors who had been anticipating a bigger boost. The carrier slightly raised the low end of its fourth-quarter revenue forecast while keeping projections for non-fuel costs and flight capacity unchanged. Fuel expenses will be as much as $3.10 a gallon in the period, Southwest said ...

BLOOMBERG Southwest Airlines Co has slashed its advertising dollars on X as the carrier increasingly interacts with customers outside of social media. “Our spend is down significantly,” Chief Executive Officer Bob Jordan said in an interview, adding that the pullback extends to other platforms besides X. “We are in the middle of evaluating that right now.” The shift is noteworthy ...

BLOOMBERG The dollar dropped to a four-month low as traders digested the clearest signal yet that the Federal Reserve’s aggressive hiking campaign is over. The Bloomberg Dollar Spot Index dropped as much as 0.5% to its lowest since August on Thursday, extending losses from the day prior after Fed officials penciled in a sharper pace of rate cuts than they ...

BLOOMBERG The eye-popping gains in some Asian equity minnows this year may broaden out to include larger frontier peers, as improving macroeconomic conditions bode well for earnings. The equity benchmarks of Pakistan, Laos and Sri Lanka are the biggest gainers in the region in 2023. A loan deal with the International Monetary Fund has helped spark a rally of more ...