SHARJAH / WAM Air Arabia announced that it is offering more flexibility to its customers by introducing a new modification fee waiver policy in light of the current travel restrictions and to allow customers the choice of changing travel dates. According to a press release issued by Air Arabia on Monday, the new waiver policy offers passengers the flexibility to ...

Abu Dhabi / WAM Emirates Global Aluminium (EGA), announced the signing of a new three year contract with Vinacomin, a Vietnamese state-owned firm, extending the supply of Vietnamese alumina to the UAE until 2023. Under the agreement, EGA will continue to buy up to 300,000 tonnes of alumina from Vinacomin each year. The deal extends an agreement that EGA and ...

ABU DHABI / WAM Etihad Airways has announced that it is allowing travellers one complimentary date or destination change for all flights booked between March 8 and April 7, 2020. In a statement on Monday, the airline said the offer is valid for travel from March 22, 2020, and is applicable to all fares including Etihad Guest redemptions and Etihad ...

Bloomberg The coronavirus outbreak in South Korea is showing signs of slowing as the rate of new daily infections falls and health authorities almost finished testing members of a religious sect at the centre of the epidemic, the country’s health minister said. With the number of new cases slowing to 367 from 483 the day before, Health Minister Park Neung-hoo ...

Bloomberg Trip.com Group Ltd’s top two executives will stop drawing salaries, part of a series of wage-cutting moves at China’s biggest online travel service provider to cope with the coronavirus outbreak. Chairman James Liang and Chief Executive Officer Jane Sun will no longer receive salaries beginning this month, and other members of the company’s top management will also voluntarily cut ...

Bloomberg Tesco Plc agreed to sell its Asian businesses to Thai billionaire Dhanin Chearavanont for more than $10 billion, clinching a record deal in Thailand even as the coronavirus outbreak damps enthusiasm for mergers and acquisitions worldwide. Britain’s largest supermarket chain said it plans a 5 billion-pound ($6.6 billion) special dividend after the sale of the assets to Chearavanont’s Charoen ...

Bloomberg Grab Holdings Inc closed offices in Singapore and Thailand for five days of cleaning after a Singapore-based employee, who previously visited the Bangkok office, tested positive for the coronavirus. “One employee who is based in our corporate office at Marina One West Tower in Singapore has come down with Covid-19,” Grab said on Monday in an emailed statement. “The ...

Bloomberg Japanese merchants said they’re facing the toughest economic environment since the global financial crisis as the country braces for the full impact of the spreading coronavirus. Store managers, barbers, taxi drivers and others who deal directly with Japanese consumers haven’t been this pessimistic about their prospects since 2009, according to a Cabinet Office survey on Monday. An index measuring ...

Bloomberg Apple Inc’s iPhone shipments plunged more than 60% last month, according to official Chinese data, as the coronavirus forced the US technology giant to close stores in the world’s largest smartphone market. Shipments dropped to about 494,600 units from year-earlier levels, according to Bloomberg calculations based on monthly data from the China Academy of Information and Communications Technology, a ...

Bloomberg The plunge in international oil prices has a potential upside for South Africa’s debt-stricken state power utility. Eskom Holdings SOC Ltd can’t generate enough power from its coal-fired power stations to meet demand, and burnt through diesel worth 6.5 billion rand ($407 million) at its open-cycle gas turbines in its last financial year to try and avert or limit ...