Bloomberg Mainland Chinese stocks are outperforming their offshore-listed peers as domestic investors bet the country’s economy will withstand the trade war with the US. The Shanghai Composite Index has rallied more than 21 percent this year, compared with a 4.3 percent advance by the Hang Seng China Enterprises Index in Hong Kong. The Shanghai measure is trading near its highest ...

Bloomberg British Airways scrapped almost all of its timetable for the next two days as pilots went on strike for the first time in decades in a labour dispute that could cost the carrier 80 million pounds ($98 million). The unit of IAG SA had “no option” but to cancel almost 100 percent of services amid the action over pay, ...

Bloomberg More than 5,000 passengers are stranded at Japan’s Narita international airport as highways were closed off and train services were suspended after a powerful typhoon hit the nation’s capital. That number was expected to rise until the last flight arrived at about 11 pm, with no notice so far from the rail and highway operators on when services and ...

Bloomberg Air France-KLM shares dropped the most in six months after the Franco-Dutch carrier said last-minute demand in the crucial summer season has been disappointing. “Close-in bookings in the peak travel period are weaker than foreseen in view of softening macro-economic environment,” the Paris-based airline said in a statement on its August figures on Monday. The shares fell as much ...

Bloomberg The head of Germany’s ruling Christian Democrats suggested a levy on flights could be introduced to encourage travellers to use less polluting means of transport and help tackle climate change. Rail travel must be made cheaper, possibly by cutting sales tax on train tickets, Annegret Kramp-Karrenbauer, leader of Chancellor Angela Merkel’s CDU party, said in an interview with ARD ...

Bloomberg Boeing Co suspended testing of its 777X aircraft after a cargo door failed in a ground stress test, Reuters reported, citing a statement from a company spokesman. “During final load testing on the 777X static test airplane, the team encountered an issue that required suspension of the test,” Reuters quoted the spokesman as saying. The setback occurred last week, ...

z Bloomberg Discount clothing chain Primark is betting that opening more and bigger stores will drive sales gains, bucking a trend in which competitors are scaling back their bricks-and-mortar presence. The apparel brand, owned by Associated British Foods Plc (AB Foods), expects new stores in the US and Europe to propel sales for the full year. The strategy runs counter ...

Abu Dhabi / WAM The governments of the United Arab Emirates and the Kingdom of Saudi Arabia have welcomed the response by the Legitimate Government of Yemen and the Southern Transitional Council, on the Kingdom’s call for dialogue, saying it is “a major and positive step” towards ending the recent crisis in the governorates of Aden, Abyan and Shabwa. The ...

ABU DHABI / WAM The upcoming 24th World Energy Conference 2019 will crown Abu Dhabi’s efforts to face the challenges of the global energy sector and shape a brighter future, as well as become the world’s energy capital, according to Suhail bin Mohammed Faraj Faris Al Mazrouei, Minister of Energy and Industry. During an interview with the Emirates News Agency ...

SHARJAH / WAM As part of its charitable and humanitarian projects within the UAE and abroad from 2008-2018, Sharjah Charity International (SCI), spent AED2.5 billion in past decade on aid packages for underprivileged citizens and residents in UAE, payments for orphans, and the implementation of projects in some 110 developing countries across the world. This was documented in a report ...