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SHARJAH / WAM His Highness Dr Sheikh Sultan bin Muhammad Al Qasimi, Supreme Council Member and Ruler of Sharjah, has issued Emiri Decree No. (46) of 2023, promoting Mona Abdelkareem Al Yafei, Director of Sharjah City for Humanitarian Services (SCHS), to the position of Director-General. The decree, published in the official gazette, takes effect immediately.

ABU DHABI / WAM Companies certified under the Ministry of Industry and Advanced Technology’s (MoIAT) National In-Country Value (ICV) programme can avail special rates on shipping and miles on Etihad Airways flights from July 1 until October 1. The initiative is part of a partnership between MoIAT and the airline, which was announced at this year’s “Make it in the ...

DUBAI / WAM Dubai Electricity and Water Authority’s (Dewa) Innovation Centre has successfully concluded the second edition of the “Integrated Solar Photovoltaic (PV) System Designer” training 2023, in collaboration with TUV Rheinland Academy. The training focusses on solar PV systems and plants, design methods, installation, testing and maintenance, and evaluating solar PV projects. Twenty participants completed the training, followed by ...

HOHHOT / WAM As it pledges to peak its carbon dioxide emissions by 2030 and achieve carbon neutrality by 2060, China is striving to establish green and low-carbon data centres with higher computing efficiency while less power consumption, according to China’s state-run news channel, CGTN. A development research report on green computing was released by the China Academy of Information ...

BLOOMBERG Britain’s biggest supermarkets said they’re keeping food prices as low as possible in response to questions from UK politicians on whether they’re profiteering from rampant inflation on groceries. Representatives from Tesco Plc, J Sainsbury Plc, Asda and Morrisons were asked whether they have been “behaving” in their pricing for cash-strapped shoppers, by politicians on the House of Commons Business ...

BLOOMBERG Qantas Airways Ltd overhauled its leadership, including naming a new chief financial officer and creating a role to oversee risk, as the Australian airline prepares for its post-Covid era under incoming Chief Executive Officer Vanessa Hudson. Current strategy, people and technology head Rob Marcolina will become CFO when Hudson takes the reins from longtime CEO Alan Joyce in November, ...

BLOOMBERG Delta Air Lines Inc modestly boosted its 2023 earnings expectations as it capitalises on a recovery in travel demand even as free cash flow remains below pre-pandemic levels. Adjusted profit for the year will be at the high end of its prior guidance of $5 to $6 a share, Delta said in a regulatory filing ahead of an investor ...

BLOOMBERG Deutsche Lufthansa AG entered decisive talks with its pilots union as the German airline races to reach an agreement to avert the threat of a strike during the crucial summer travel season. Negotiating teams at Lufthansa and the VC pilots union met with the aim at ending a dispute over pay and working conditions. Lufthansa made an offer earlier ...

BLOOMBERG Stocks kicked off the new quarter on a bullish note, with electric-car makers Tesla Inc and BYD Co climbing on record quarterly sales. Tesla gained 6.3% in premarket trading, while BYD climbed in Hong Kong trading, leading shares of battery suppliers also higher. Contracts on the Nasdaq 100 climbed, after the tech index notched its best-ever first half of ...

BLOOMBERG In Harare, Zimbabwe, home to the world’s biggest stock market rally, the gains come at break-neck speed: 5%, 10%, even 20% in a single session. Tally them up, and the market is up an astonishing 800% on the year. But in a country where up is often down and the next currency crisis is always just around the corner, ...