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Trader Joe's suddenly closed its bustling wine store in the heart of New York City. Employees there say they were unionizing and are calling on the store to reopen.

Trader Joe's closed its only wine shop in New York last week. Unionizing workers there say it's "egregious and blatant union busting."

2022-08-18T17:06:05Z

Egypt’s Sisi names Hassan Abdullah as caretaker cbank head

Hassan, whose appointment drew positive initial reactions, was head of state-owned media giant United Media Services Company

2022-08-18T14:49:56Z

How extended detection and response can address UAE’s cybersecurity talent gap

Extended detection and response is embedded expertise, preloaded with defensive playbooks that enable security teams to deploy best practices in their daily fight against the threat landscape

2022-08-18T11:51:06Z

MSG Entertainment Weighs Spinoff of NYC’s Madison Square Garden, Radio City

(Bloomberg) -- Madison Square Garden Entertainment Corp. is considering a spinoff of its well-known sports arena and theaters along with its cable networks, saying a deal could deliver value to investors.

2022-08-18T21:18:44Z

Mohammed Bin Rashid Aerospace Hub’s Suppliers Complex nears completion

The facility aims to host SMEs and startups by offering solutions that are designed for multipurpose activities

2022-08-18T23:05:36Z

Dubai developer Northacre Properties completes landmark London scheme

Dubai-based super-prime property developer Northacre Properties has announced the completion of its "momentous" London-based wellness scheme, called the The Broadway. One of Central London’s largest prime residential sites, The Broadway is set over a land area of 75,000 square feet in Westminster, on the former site of the Metropolitan Police headq...

2022-08-18T11:20:48Z

UAE announces new incentives for SMEs

The UAE government has issued a ministerial resolution to support Emirati small and medium enterprises (SMEs) with new incentives, according to a report. The beneficiary companies should be members of accredited funds or programmes that support SMEs in the Emirates, state-owned news agency Wam reported on Thursday. "Empowering the people of the UAE...

2022-08-18T17:21:45Z

Russia's rebranded McDonald's, which is running out of Coke and can't use the words 'Happy Meal,' is trademarking 'TochkaCola' and 'Kids Combo' as replacements

'TochkaCola' will replace Coke, and 'Kids Combo' will replace 'Happy Meal,' the name for McDonald's children's meals that come with a toy.

2022-08-18T21:26:19Z

TikTok's Gen Z creators discuss why they signed the 'People Over Prime' pledge refusing to work with Amazon until it meets labor union demands

Gen Z for Change, a collective of TikTok creators, announced it is taking on Amazon's labor practices after a campaign against Starbucks.

2022-08-18T17:31:32Z

Spain's Aena wins largest block in Brazil airport auction

SAO PAULO (Reuters) - Spain's Aena on Thursday won the rights to operate the largest block of airports auctioned by Brazil's government for 2.45 billion reais ($471.61 million). Aena was the only bidder in a block of 11 airports that includes the Congonhas domestic airport located in the city of Sao Paulo, one of the busiest in the country. The S...

2022-08-18T18:29:51Z

U.S. extends public input on GM, Ford self-driving petitions

By David Shepardson WASHINGTON (Reuters) -U.S. auto safety regulators will extend a deadline for public input on General Motors and Ford Motor petitions seeking to deploy a limited number of self-driving vehicles without human controls like steering wheels and brake pedals. The National Highway Traffic Safety Administration (NHTSA) on Thursday made...

2022-08-18T16:36:52Z

Former Tesla Engineer Accused of Theft Fights to Clear His Name Publicly

A former Tesla Inc. engineer said it was “humiliating” to be sued in open court for allegedly stealing trade secrets, only to be steered by the company into closed-door arbitration where he can’t defend himself publicly.

2022-08-18T17:14:43Z

Canadian banks face Q3 earnings declines on provisions, markets woes

By Nichola Saminather TORONTO (Reuters) - Canadian banks are expected to post declines in profits on average in the third quarter as a murky economic outlook drives up provisions for credit losses (PCL) while market turmoil pressures capital markets and wealth management results, analysts and investors said. The banks, which will begin reporting ...

2022-08-18T18:25:06Z

Big Ten Sets College Record With $1 Billion-a-Year Broadcast Deal

(Bloomberg) -- Fox, CBS and NBC will collectively pay $1.1 billion a year for the rights to broadcast Big Ten Conference sports in the largest deal of its kind for college athletics.

2022-08-18T15:58:53Z

Musk targets ad tech firms in Twitter suit over takeover deal

By Sheila Dang (Reuters) - Billionaire entrepreneur Elon Musk, who is attempting to walk away from his deal to acquire Twitter Inc, is seeking documents from advertising technology firms as part of his quest to gain more information on bot and spam accounts on Twitter, according to filings in a Delaware court on Thursday. Twitter has sued the Tes...

2022-08-18T18:45:05Z

Kohl’s, Like Walmart, Says Inflation Draws Rich Shoppers Looking for Deals

Kohl’s Corp. cited financial stress on its middle-income customers as it cut its profit and sales outlook for the second straight quarter. But soaring inflation is also helping the department-store chain entice wealthier shoppers hunting for bargains.

2022-08-18T15:43:55Z

U.S. seeks information from Tesla on in-car camera in Autopilot probe

By David Shepardson and Hyunjoo Jin WASHINGTON (Reuters) -U.S. auto safety regulators on Thursday asked Tesla Inc to answer questions about its in-car camera intended to monitor driver awareness as part of a probe into 830,000 Tesla vehicles that employ the carmaker's advanced driver assistance system called Autopilot. The National Highway Traffic ...

2022-08-18T18:50:48Z

UAE a reliable supplier of least carbon-intensive oil and gas, says Dr Al Jaber

The UAE is a reliable supplier of some of the world’s least carbon-intensive oil and gas, as the Emirates achieves record growth in renewables, said Dr Sultan Al Jaber, Minister of Industry and Advanced Technology, managing director and group chief executive of Abu Dhabi National Oil Company (Adnoc) and the UAE’s special envoy for climate change. R...

2022-08-18T14:08:15Z

Oil rises on US crude stocks data, tight supply outlook

US crude stocks fall by over 7 million barrels; Russian supply set to be sharply curbed by EU sanctions; Russia sees energy export revenue rising nearly 40 per cent

2022-08-18T15:03:24Z

Turkey cuts interest rates in surprise move despite inflation soaring to 24-year-high

(Bloomberg) -- Sign up for our Middle East newsletter and follow us @middleeast for news on the region.

2022-08-18T13:06:15Z

Egypt appoints Hassan Abdalla as acting central bank governor

Egypt's President Abdel Fattah El Sisi has appointed Hassan Abdalla as acting governor of the central bank, state media reported on Thursday. The president had accepted former governor Tarek Amer's resignation and appointed him as a presidential adviser on Wednesday. In a note, Mr Amer said he resigned “to leave room for new blood to take responsib...

2022-08-18T12:35:56Z

Mayor Adams Vows to Clean Up NYC’s Outdoor-Dining Scene

(Bloomberg) -- Mayor Eric Adams is promising New Yorkers that the city’s outdoor dining program is here to stay -- it just needs to be cleaned up.

2022-08-18T16:43:21Z

Amman’s Queen Alia International Airport welcomes over 4.1m passengers during Jan-Jul 2022

The passenger numbers marked a 126.2 per cent surge against 2021 figures

2022-08-18T11:51:09Z

World Cup Ticket Sales Hit 2.45 Million With Three Months to Go

Football fans have so far snapped up 2.45 million tickets to November’s World Cup in Doha, according to FIFA, which plans to make 3 million spots available in total.

2022-08-18T14:29:17Z

Top 3 security tips for Middle East businesses to prevent cyberattacks

Microbyte has urged businesses to be vigilant of threats posed by cyberattacks, emphasising the importance to invest in a robust infrastructure system for their day-to-day operations

2022-08-18T11:12:30Z

Geneva Auto Show Trades Snow for Sand as Qatar to Host 2023 Event

Geneva’s auto show is abandoning its namesake location in Switzerland next year and instead will be held in Doha, Qatar, switching its traditionally chilly venue in alpine Europe to the balmy Middle East.

2022-08-18T19:54:13Z

Opec says oil slide driven by fear, upbeat on 2023 outlook

Haitham Al Ghais, who took office on August 1, said oil demand was robust in the physical market, concern of Chinese economic slowdown was exaggerated and demand was likely to find support from jet fuel use as people travel more

2022-08-18T15:03:24Z

BMW M starts testing for fully electric high-performance cars

BMW M has started a new phase in its move towards the electrification of its car range. The German car maker has started testing a concept vehicle as it seeks solutions for fully electric high-performance cars in the future. "The concept testing focuses on a four-wheel-drive system comprising four electric motors and an integrated driving dynamics ...

2022-08-19T03:38:14Z

Emirates Post Group partners with DIFC FinTech Hive to promote technology innovation

The programme aims to co-create innovative technology solutions with leading Fintechs through the accelerator programme.

2022-08-18T19:03:30Z

Starbucks ordered to reinstate workers fired amid union campaign

By Daniel Wiessner (Reuters) - A U.S. judge ordered Starbucks Corp to reinstate seven employees at a Memphis, Tennessee, cafe on Thursday who were allegedly fired for supporting a union organizing campaign, as the company seeks to halt pending nationwide union elections. U.S. District Judge Sheryl Lipman in Memphis said the U.S. National Labor Re...

2022-08-18T21:30:32Z

Acwa Power signs deals worth $12bn to develop Uzbekistan energy projects

Saudi Arabia’s Acwa Power has signed agreements worth $12 billion to develop three new energy projects in Uzbekistan, as the Riyadh-based utility continues to expand its portfolio. The deals include a "heads of terms agreement" to develop the largest single onshore wind project in the world in the Karakalpakstan region of Uzbekistan with a total ca...

2022-08-18T11:35:52Z

AD Ports Group launch advanced warehousing and logistics hub ‘KLP21’ in Abu Dhabi

KIZAD is committed to driving the sustainable growth of Abu Dhabi’s trade and manufacturing landscape in line with the Abu Dhabi Industrial Strategy.

2022-08-18T15:33:21Z

Abu Dhabi-based G42 launches $10bn tech investment fund

The G42 Expansion Fund’s investment priorities will span across computing and communications technologies, intelligent mobility, clean tech and renewables, digital infrastructures, fintech, healthcare and life sciences

2022-08-18T08:05:22Z

Tesla seeks hearing on California regulator Autopilot allegations

(Reuters) - Tesla Inc has asked for a hearing to present a defense after it was accused by a California state transportation regulator of falsely advertising its Autopilot and Full Self-Driving features as providing autonomous vehicle control. In complaints filed July 28 with the state Office of Administrative Hearings, California's Department of...

2022-08-18T17:50:46Z

How the Middle East is shaping the future of luxury fashion retail

Fashion brands in the region are combining convenience with cultural and sustainability-driven purpose to appeal to a future-forward generation of shoppers

2022-08-18T13:57:47Z

Cisco study reveals how hybrid working has improved UAE employees’ performance

Over 65 per cent say quality of work and productivity improved with hybrid work.

2022-08-18T15:03:25Z

Suppliers Complex nears completion, seeks to attract SMEs and start-ups

MBRAH offers global aerospace players high-level connectivity and is a free-zone destination for the world’s leading airlines, private jet companies, and associated industries.

2022-08-18T15:19:09Z

Keurig Dr Pepper Is in Talks to Buy Bang Energy Owner VPX

(Bloomberg) -- Keurig Dr Pepper Inc. is in talks to acquire the closely held maker of Bang Energy drinks, according to people with knowledge of the matter, the latest potential tie-up in the rapidly consolidating beverage market.

2022-08-18T20:13:38Z

Bahrain ministry launches tender for 72 MW solar plant

The tender seeks to build solar panels in the Bahrain International Circuit, University of Bahrain, Bahrain International Exhibition & Convention Centre and Al Dana Amphitheatre

2022-08-18T09:36:31Z

UAE’s Emirates to commence largest known fleet retrofit project in November

The airline's target is to completely retrofit four aircraft from start to finish every month, continuously for over two years

2022-08-18T21:12:32Z

Musk Says Twitter Is Hounding Him Over Every Chat About Buyout

(Bloomberg) -- Elon Musk says Twitter Inc. is casting too wide a net for the names of those he talked to about his proposed $44 billion buyout of the social media company.

2022-08-18T20:39:36Z

Dahua, ABCOM ink distribution partnership deal

Companies provide the Mena market with smart IoT and digital signage solutions that embody the company’s technological excellence

2022-08-18T15:19:03Z

MercadoLibre to create cryptocurrency as part of loyalty program

SAO PAULO (Reuters) -South American e-commerce giant MercadoLibre Inc on Thursday announced the creation of a new cryptocurrency called MercadoCoin, which will be implemented in Brazil as part of its loyalty program. MercadoLibre told a news conference that clients will earn MercadoCoins as cashback when buying products on the e-commerce platform. ...

2022-08-18T13:31:37Z

Damac unveils luxury Skylofts Collection in Dubai

Damac Properties has launched a range of penthouses and luxury units at three of its most upscale developments in Dubai. Its Skylofts Collection is in the developer's properties, Safa One de Grisogono, Safa Two de Grisogono and Cavalli Tower, which overlooks The Palm Jumeirah from Dubai Marina. The Skylofts Collection at Safa One will be situated o...

2022-08-18T08:36:40Z

Aircraft lessor BOC Aviation says deliveries slipping due to manufacturer delays

(Reuters) - Asian aircraft lessor BOC Aviation Ltd said nine aircraft deliveries due in the first half had slipped into later periods because of manufacturer delays related to supply-chain and regulatory issues as well as labour shortages. The lessor said client American Airlines Group Inc had received two Boeing Co 787s this month, the first del...

2022-08-18T22:55:18Z

Etihad Rail welcomes first batches of high-tech locomotives

The new fleet was designed specifically to withstand the geographic, climate conditions, and the high temperatures and humidity levels common in the GCC

2022-08-18T11:51:30Z

GM, LG Energy Solution considering Indiana for fourth U.S. battery plant

By David Shepardson WASHINGTON (Reuters) -General Motors Co and LG Energy Solution are considering a site in Indiana for a fourth U.S. battery cell manufacturing plant, a spokeswoman for the companies' joint venture said on Thursday. Ultium Cells LLC "is developing a competitive business case for a potential large investment that could be located i...

2022-08-18T23:30:38Z

First Zantac Case Dropped Before Trial After Payouts

A lawsuit against makers of Zantac was dropped this week just ahead of trial, people familiar with the matter said, after a series of settlements with some of the drugmakers involved.

2022-08-16T22:23:55Z

Months after Starbucks pulled out of Russia, the coffee shops are being reopened as Stars Coffee

In place of the Starbucks mermaid, Stars Coffee's logo is wearing a traditional Russian headdress called a kokoshnik,

2022-08-18T17:56:19Z

Oil fluctuates amid demand concerns and supply squeeze

Oil prices fluctuated on Thursday after closing at higher levels the previous day on expectations of higher demand, following a drop in US crude inventories and continued supply constraints because of Russia’s invasion of Ukraine. Investors are also considering what impact a potential global recession would have on fuel demand. After inching up slo...

2022-08-18T08:51:04Z