Admin

Ryanair to embrace connecting flights

  Bloomberg Ryanair Holdings Plc will offer customers the ability to connect from one flight to another for the first time, taking another step away from its pure focus on no-frills point-to-point travel. The move brings Ryanair a step closer to conventional airline operations after decades focused solely on out-competing rival network carriers with bargain basement fares. The new policy, ...

Read More »

My Perfumes opens new showroom in Dubai

  Dubai / Emirates Business My Perfumes, a renowned name in the sphere of premium fragrances, announces the opening of its new showroom in Deira Gold Souq. Inherited with a rich legacy of serving the royal families in the region for two decades now, My Perfumes is set to broaden its reach and let the magic of its premium range ...

Read More »

Algeria to invite bids to build three solar power plants

  ALGIERS / Reuters Algeria plans to invite bids for construction of three photovoltaic solar power plants with total capacity of about 4,000 megawatts (MW), and several energy and financial firms are already interested, the energy ministry said. Algeria, member of the Organization for the Petroleum Exporting Countries, has been exploring renewable energy as a way to meet growing demand ...

Read More »

India’s oil imports from Iran jumps to record high

  Bloomberg India’s Iran oil imports jumped to a record high in 2016/17 topping half-a-million barrels per day (bpd) as refiners boosted purchases after lifting of some Western sanctions against Tehran last year. India, Iran’s biggest oil buyer after China, was among a handful of countries that continued to deal with Tehran despite Western sanctions over its nuclear programme. Refiners ...

Read More »

Crude caps second weekly gain

  Bloomberg Crude capped a second weekly gain after briefly spiking on the first armed strike by President Donald Trump’s administration. Futures settled at the highest level in a month in both New York and London. Russia’s deal with OPEC to cut crude supply hasn’t delivered as much as expected, according to Deputy Prime Minister Arkady Dvorkovich. OPEC ministers will ...

Read More »

‘India could win from a US-China trade row’

  Bloomberg The prospect of a trade war between China and the US elicits frequent warnings of the risk to the global economy. India sees it somewhat differently. Senior officials in Prime Minister Narendra Modi’s party say India stands to benefit from the tensions. President Xi Jinping will need India’s huge market as President Donald Trump threatens punitive measures against ...

Read More »

Toshiba narrows group of bidders for chips business

  Bloomberg Toshiba Corp. has narrowed the number of bidders for its semiconductor business from about 10 interested parties to a smaller group that includes Taiwan’s Hon Hai Precision Industry Co. and Korea’s SK Hynix Inc., according to people familiar with the matter. The other remaining contenders include private equity firm Silver Lake Management and chipmaker Broadcom, which are collaborating ...

Read More »

Dairy sector appeals to Trump over ‘Canada curbs’

  Bloomberg The US dairy industry is appealing to President Donald Trump for help after Canadian companies halted some imports, exacerbating a glut of milk on the American side of the border and forcing one of the country’s biggest butter producers to scrap supply contracts with farmers. Some US dairy companies say that in the past week, they’ve lost all ...

Read More »

Twitter drops suit after US gives up on unmasking Trump critic

  Bloomberg Twitter Inc. is dropping its free-speech lawsuit against the Trump administration over the government’s effort to unmask users critical of the president’s policies. Twitter said in a court filing, a day after it filed the case, that the US had withdrawn its summons to learn the identity of one of the so-called ALT handles purported to be the ...

Read More »
Send this to a friend