Bloomberg It was the elephant in the room throughout Europe’s debt crisis, but ultimately too sensitive an issue for supervisors to fiddle with. Regulations have historically implied that government bonds are risk-free. But Greece’s near-death experience quickly made a mockery of that assertion. Now, Sweden is taking the next step and banks in the country are starting to assign risk ...

DUBAI / Reuters Emirates, the Middle East’s largest airline, and budget carrier flydubai are expanding their commercial relationship to create a combined fleet of 380 jets flying to as many as 240 destinations by 2022. The airlines, both owned by the government of Dubai, said in a statement on Monday their expanded partnership would be rolled out over the coming ...

Bloomberg EasyJet Plc announced on Monday that Chief Executive Officer Carolyn McCall is stepping down from the discount carrier to take up the same role at broadcaster ITV Plc, according to a person familiar with the matter. McCall told the airline’s board of her decision Sunday, according to the person, who asked not to be identified discussing the switch. McCall ...

Bloomberg Travellers are purchasing more one-way flights as the price premium declines compared with round trips, according to Airlines Reporting Corp., which analyzes fare data. One-way jaunts have expanded to 42 percent of air travel so far this year, up from 29 percent three years ago, ARC said. The price drop is especially pronounced on leisure routes, with corporate travel ...

Bloomberg Amazon.com Inc.’s deal to buy Whole Foods Markets Inc. was a catastrophe for countless stocks, as concern about market disruption wreaked havoc on retailers and REITs. But for holders of a newly listed technology stock, it’s adding fuel to an already-stellar run. Impinj Inc., whose so-called radio-frequency identification technology allows users to tag and track data on products, is ...

ABU DHABI / WAM Abu Dhabi has been named the second-best city in the world to live, work and do business in, overtaking both London and Paris and moving up two places since the last Ipsos City Index. More than 18,000 people, aged between 16 and 64, in 26 countries worldwide were interviewed for the Index, with New York maintaining ...

ABU DHABI / WAM The UAE equity markets on Sunday continued their bullish trend which started last week, with the positive mood prevailing over all sectors led by the property market which posted robust growth in the run-up towards the announcement of the 2017 H1 financial results by leading companies. With the market capitalisation of trading companies gaining AED4.1 billion, ...

WASHINGTON / WAM The UAE is successfully adjusting to the new ‘lower-for-longer’ oil environment, and the government’s economic initiatives have been broadly in line with global and regional trends, an International Monetary Fund (IMF) study has affirmed. The study, published by the IMF on its website, commends the progress made by the UAE over the past years to ‘strengthen its ...

Dubai / WAM The Ministry of Finance (MoF), signed a final agreement for the avoidance of double taxation with the Republic of Cameroon at the Ministry’s premises in Dubai on Sunday. The agreement comes in line with the ministry’s strategy to strengthen bilateral trade and economic relations between the two countries, in order to expand its network of international relations ...

Bloomberg Voting is under way in the Venezuela opposition alliance’s unofficial plebiscite, as it seeks to challenge the legitimacy of President Nicolas Maduro’s plan to rewrite the constitution after four months of anti-government protests that have left almost 100 dead. Venezuelans are being asked if they reject Maduro’s plan for a new assembly to change the constitution, if the armed ...