Bloomberg Sri Lanka’s central bank doesn’t see any pressure to tighten policy even as inflation accelerates on the back of a severe drought and poor weather, Governor Indrajit Coomaraswamy said in an interview. “We feel our monetary policy stance at the moment is OK,” Coomaraswamy said in an interview in Washington. “There is no demand side pressure that we see.” ...

Bloomberg US authorities ordered inspections of some engines powering Airbus SE’s A380 superjumbo jet after one of the turbines blew apart last month during an Air France flight. The Federal Aviation Administration determined there was an “unsafe condition” that “is likely to exist or develop in other products of the same type design,” according to the directive posted on its ...

Bloomberg Virgin Atlantic Airways Ltd. has transferred one of its daily trans-Atlantic flights to US ally Delta Air Lines Inc. so that some of its own Boeing Co. 787 Dreamliner planes can be grounded for an engine fix. Delta took over the London Heathrow-New York John F. Kennedy International service and will operate it until October 31 using older Boeing ...

Bloomberg Amazon.com Inc. is tapping some of the biggest athletic-apparel suppliers to make a foray into private-label sportswear, according to people familiar with the matter, setting the stage for further upheaval in an already-tumultuous industry. Makalot Industrial Co., a Taiwanese vendor that produces clothing for Gap Inc., Uniqlo and Kohl’s Corp., is making apparel for the Amazon line, a person ...

Bloomberg EasyJet Plc is negotiating with Air Berlin Plc administrators for 25 of the bankrupt carrier’s remaining aircraft at Berlin’s Tegel Airport. An agreement for that many jets would make the airport EasyJet’s second-biggest base after its operations at London Gatwick. Talks for the Airbus SE A320 jets are ongoing and subject to regulatory approval, the Luton, England-based discounter said ...

Bloomberg What a difference a year makes at Air France-KLM Group: almost $4 billion in increased market capitalisation. The carrier’s valuation has surged almost 190 percent since hitting a five-year low in September 2016. The Paris-based company’s shares are also the best performers among members of the Stoxx Europe 600 benchmark index this year, with a 20-times greater advance than ...

Dubai / WAM DP World Group Chairman & CEO and Chairman of Ports, Customs and Free Zone Corporation (PCFC) Sultan bin Sulayem revealed the value of Dubai’s information technology trade figures in the first half of 2017 which is AED 134.5 billion, including AED 86.8 billion of imports, and AED 47.7 billion of exports and re-exports. He pointed out that ...

ABU DHABI / WAM The Emirates News Agency (WAM), signed a Memorandum of Understanding (MoU), with ENEX, an association of the world’s leading commercial TV broadcasters, to strengthen joint co-operation in news exchange and transmission of media content through the latter’s international circulation platforms and outlets in Europe, America, Africa and Asia. Inked on the sidelines of the ENEX General ...

ABU DHABI / WAM The Abu Dhabi Department of Urban Planning and Municipalities (DPM), is leading a project to develop a Capital Investment Planning System (CIPS), that will automate processes and bring together all government capital projects across the emirate. CIPS will aim to house all major five-year capital plans such as utilities, roads and community facilities under one overarching ...

RAS AL KHAIMAH / WAM The Ras Al Khaimah Chamber of Commerce and Industry and a high-level delegation from the Duchy of Luxembourg met to discuss joint economic activities and investment opportunities. The delegation from Luxembourg was headed by Prince Guillaume, Heir Apparent of Luxembourg. The talks included economic issues of mutual interest in addition to bringing together local companies ...