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Bloomberg Treasury Secretary Steven Mnuchin called top executives from the six largest US banks over the weekend, he said on Twitter, a move that followed heavy losses in the stock market last week and a partial federal government shutdown. “The CEOs confirmed that they have ample liquidity available for lending to consumer, business markets, and all other market operations,” the ...

Bloomberg As thousands rush to complete journeys disrupted by the recent drone incursions at London Gatwick airport, here’s a guide to how the aviation industry is responding, and what the long-term fallout might be. Airlines have a legal duty to get travellers to their destination, no matter if a flight is halted by the weather, strikes or the appearance of ...

Bloomberg Norwegian Air Shuttle ASA said its cash position is “satisfactory” and a cost-savings plan is bearing fruit as the debt-strapped budget carrier faces disruptions to its long-haul flights during the slow winter season. “To meet the competitive environment in a period with seasonally lower demand in Europe, the company has made several changes to its route portfolio as well ...

Bloomberg Amazon.com Inc continues to struggle in the $840 billion grocery market, more than a year after it spooked the industry with the $13.7 billion acquisition of Whole Foods. The number of Amazon Prime members who shop for groceries at least once a month declined in 2018 compared with 2017, according to the results of a consumer survey by UBS ...

Bloomberg Coca-Cola Co., facing shifting shopping habits that have roiled the food and beverage industry, is taking a minority stake in Iris Nova, the company behind a cashierless New York City store where customers pay for drinks via text message. Coke, now the startup’s largest investor, led a $15 million investment round that values Iris Nova at about $60 million. ...

ABU DHABI / WAM Etihad Airways will introduce Boeing 787-9 Dreamliner on its daily scheduled service from Abu Dhabi to Hong Kong, from March 31, 2019. The two-class aircraft will replace the Airbus A330-200 aircraft currently operating the route. The service will feature the airline’s next-generation business and economy cabins, configured with 299 seats — 28 business studios and 271 ...

MEXICO CITY / WAM UAE Ambassador to Mexico Ahmed Hatem Al-Menhali and the Mexican Minister of Communication and Transport Carlos Alfonso Moran have explored ways of reactivating ‘fifth freedom’ (the right or privilege, in respect of scheduled international air services, granted by one state to another state to put down and to take on, in the territory of the first ...

Bloomberg As the Organization of Petroleum Exporting Countries (Opec) is set to start implementing its new six-month agreement to cut output, members responsible for most of the reductions have pledged to extend or even deepen it. Officials from Iraq, Kuwait and the United Arab Emirates (UAE) agreed with Saudi Arabia’s expectation that the group, along with Russia and other oil ...

ABU DHABI / WAM President HH Sheikh Khalifa bin Zayed Al Nahyan, sent a cable of condolences to President of Indonesia Joko Widodo on victims of tsunami that hit Sunda Strait beaches. HH Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, and HH Sheikh Mohamed bin Zayed Al Nahyan, Crown ...

DUBAI / WAM Emirates Central Cooling Systems Corporation, Empower, has started the construction of a permanent district cooling plant in Barsha Heights. At a projected cost of AED169 million, the plant will have a total capacity of 31,250 refrigeration tonnes (RT). This is a part of Empower’s efforts to develop more areas and increase the operational efficiency of existing district ...