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Bloomberg British Airways may become the first high-profile company to run afoul of Europe’s far-reaching data privacy rules — and face potentially hefty fines — after a computer hack compromised credit card data from some 380,000 customers. The European Union’s General Data Protection Regulation, or GDPR, which took effect in May, mandates that companies have to take technical precautions such ...

Bloomberg EasyJet Plc Chief Executive Officer Johan Lundgren is in talks for further deals allowing passengers to connect with flights operated by long-haul carriers after announcing an accord with Singapore Airlines Ltd. Europe’s second-biggest discount carrier aims to seal more tie-ups before the year’s end, Lundgren said in an interview in London. Potential allies include more Asian operators as well ...

Bloomberg With Amazon.com Inc. hitting a trillion-dollar valuation earlier this week, the company’s shadow looms over the entire retail industry. But there are still sizable gaps that Amazon and other online giants don’t address, and that’s where Peter Price looks to build a business. The 78-year-old entrepreneur is seeking out mom-and-pop shops — like the local butcher, toy store or ...

Bloomberg US safety regulators are investigating an engine failure on a Delta Air Lines Inc. jet that forced pilots to shut down the turbine and return to Atlanta shortly after takeoff. The accident occurred last week on a Boeing Co. 757-200 bound for Orlando, Florida, the National Transportation Safety Board said. Delta Flight 1418, which had 121 passengers and six ...

Abu Dhabi / Emirates Business­­­­­ Abu Dhabi Global Market (ADGM), the international financial centre in Abu Dhabi, and the Beijing Financial Street Services Bureau concluded a Memorandum of Understanding (MoU) in Beijing, capital of the People’s Republic of China. The MoU was signed by Richard Teng, Chief Executive Officer of the Financial Services Regulatory Authority (FSRA) of ADGM, and Li ...

Abu Dhabi / Emirates Business Abu Dhabi Fund for Development (ADFD), the leading national entity for development aid, hosted a high-level parliamentary delegation from Senegal at its headquarters in Abu Dhabi to discuss sustained cooperation in achieving the development priorities of the Senegalese government. Mohammed Saif Al Suwaidi, Director General of ADFD, His Excellency Moustapha Niasse, President of the National ...

Abu Dhabi / Emirates Business In a bid to encourage Chinese drug manufacturers and exporters to explore investment opportunities within the burgeoning pharmaceutical sector in the UAE, Abu Dhabi Investment Office (ADIO) organised a field visit for a delegation from China Chamber of Commerce for Import & Export of Medicines & Health Products (CCCMHPIE) to the Industrial City of Abu ...

DUBAI / WAM Over the next 100 days, 3,500 job opportunities will be available for Emirati job seekers in the financial, banking, insurance, retail and tourism sectors in the second phase of the national Emiratisation and direct employment programme in vital economic sectors. The Ministry of Human Resources and Emiratisation has signed 13 Memoranda of Understanding (MoUs), with federal and ...

DUBAI / WAM Dubai Roads and Transport Authority (RTA) has carried out a comprehensive study on the Economic Impact of the Dubai Metro Project, including both its Red and Green Lines, in collaboration with Henley Business School, University of Reading, one of the longest-established universities in the UK. The study analysed the direct and indirect economic benefits of the Metro ...

Abu Dhabi / Emirates Business Etihad Airways has partnered with Farelogix Inc. to enhance its merchandising and distribution capabilities. The deployment of new generation technology from Farelogix will enable Etihad to provide unique, customised offers to its guests, and strengthen its position as the ‘airline of choices’. Etihad’s strategy will focus on broadening ancillary offerings to customers, allowing for more ...