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Bloomberg Germany’s Bundesbank expressed confidence that the economy will quickly overcome its latest slowdown, even though it cautioned that growing protectionism and a disorderly Brexit pose threats to the outlook. The central bank lowered its growth forecasts for 2018 and 2019 and also cut its inflation outlook for next year. Output in Germany, Europe’s largest economy, contracted in the third ...

Bloomberg Boeing Co. has kicked off its industrial foray into China, handing over the first 737 Max completed in the country to Air China as executives looked past simmering trade tension to a $2.7 trillion market opportunity. The jetliner was the first to be delivered outside the US by the Chicago-based planemaker, although the aircraft for all intents and purposes ...

Bloomberg Spirit Airlines Inc., the tardiest US airline only two years ago and a lightning rod for customer complaints, just won its first monthly title for the nation’s best on-time performance. The discounter avoided late arrivals on 89 percent of its flights in October, edging out Hawaiian Holdings Inc. and Delta Air Lines Inc., according to Department of Transportation data. ...

Bloomberg Canada Goose Holdings Inc. is delaying the opening of its flagship store in Beijing, as escalating tensions between China and Canada triggered by the arrest of Huawei Technologies Co.’s finance chief threaten its ambitions in the world’s second largest economy. The Toronto-based maker of premium parkas said on its Weibo account that it was postponing the store’s debut, scheduled ...

Bloomberg Former employees of Kellogg Co. are suing the company. Their claims? They allege the cereal giant shouldn’t have sued them earlier this year. And why did Kellogg go after its employees in the first place?Well, for suing the company, of course. This complicated conflict, slated for hearings before arbitrators in February, is emblematic of the new world faced by ...

ABU DHABI / Emirates Business The ninth edition of Sial Middle East, the fastest-growing food, beverage and hospitality event in the region, and the fourth edition of Abu Dhabi Date Palm Exhibition concluded on Wednesday at the Abu Dhabi National Exhibition Centre, facilitating 135 trade deals valued over AED5 billion ($1.36 billion) during its three-day run. The event drew the ...

ABU DHABI / WAM Dubai Aerospace Enterprise (DAE) on Wednesday announced that it has signed a new four-year unsecured revolving credit facility arranged by Emirates NBD as sole mandated lead arranger and bookrunner. The initial commitment of $535 million is from a group of eight regional banks. The accordion feature allows the facility to be increased to up to $600 ...

DUBAI / WAM Dr Matar Al Neyadi, Under-Secretary of the Ministry of Energy and Industry in the government of the UAE, opened the three-day 22nd Middle East Iron and Steel Conference in Dubai by discussing ongoing regional and international trends, and how the iron and steel sectors of the GCC could work towards mitigating risks inherent in a turbulent international ...

Emirates Business The Federal Tax Authority (FTA) asserted that all preparations were complete by the system operator ahead of launching phase two of the tax refunds for tourists scheme next Sunday (December 16), whereby the scheme would cover 12 air, land, and sea ports across the country. Phase two comes on the heels of the previous phase of implementing the ...

Dubai / Emirates Business Leading economic and business experts portrayed a positive outlook for 2019 at the Arab Strategy Forum (ASF) 2018 in a session titled “Arab World Economy…What’s Next”. Navigating the existing economic challenges facing the region, including the need to create employment opportunities, adapting to technology and fluctuating oil prices, the session posed a question: “Do economic considerations ...