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Dubai / Emirates Business Emirates Skywards, the award-winning loyalty programme of Emirates airline, has reached 20 million members. To celebrate this major milestone, Emirates Skywards will be celebrating with its members. Those travelling from Dubai on Emirates flights during the week beginning March 4 can look forward to little surprises at check-in, on board and in the lounges for some ...

Bloomberg Londoners this morning woke up to the rare sight of the city blanketed in snow as the icy blast from Siberia that’s causing havoc across Europe will linger for at least this week. Temperatures across Europe have plummeted and forecasters predict they will remain as much as 8 Celsius below average (14.4 Fahrenheit) in Britain through the weekend. UK ...

BEIJING / Reuters At least 10 of China’s domestic liquefied natural gas (LNG) plants have resumed output in the past week after the government cut off their supply, providing the first signs that the country’s gas supply crunch is starting to ease, company sources said. The return of the plants, which liquefy domestically produced gas that is then trucked to ...

Bloomberg Oil is poised for its first monthly decline in half a year as January’s rally fades on growing fears over booming US shale supply. Futures in New York were little changed, putting them on course for a 2.8 percent drop in February. An industry report was said to show US oil inventories rose last week, which would be the ...

Bloomberg Oklahoma is tightening its rules for fracking after studying a new cluster of earthquakes in one of the hottest US regions for drilling. The Oklahoma Corporation Commission announced that all explorers within certain areas must use equipment known as a seismic array, which detects movement underground. The regulators also lowered the quake threshold for pausing work from 3.0 magnitude ...

Bloomberg Chinese billionaire Li Shufu’s Geely Group structured the purchase of its 7.3 billion-euro ($9 billion) stake in Daimler AG through complex derivative transactions that allowed the buyer to build a large equity holding while limiting the risks, people with knowledge of the matter said. Geely entered into a so-called collar trade for the entire stake, making this the largest ...

Bloomberg Tencent Holdings Ltd. is pushing deeper into the Indian technology market, with a sizable investment in New Delhi-based music streaming service Gaana, a person familiar with the matter said. The investment in Gamma Gaana Ltd. totals $115 million, and Times Internet Ltd., the Indian media and technology company that started the business, will also participate, said the person, who ...

Bloomberg An investor group backed by Bain Capital is poised to win the bidding for India’s Binani Cement Ltd., which is being sold under the country’s insolvency process, people with knowledge of the matter said. The consortium led by Dalmia Bharat Ltd., which was competing with billionaire Kumar Mangalam Birla’s UltraTech Cement Ltd., made a bid of about 63.5 billion ...

Bloomberg Hong Kong just made buying an electric car cheaper, unveiling a tax benefit that’s set to boost demand for Teslas and other green vehicles from makers such as BMW. Electric-vehicle buyers who trade in an eligible gas-guzzler will get a waiver of as much as HK$250,000 ($32,000) on the first registration tax, the government said when delivering its annual ...

Bloomberg Yahoo! Japan Corp. shares fell by the most in 10 months after Altaba Inc., its second-largest shareholder, outlined plans to sell its stake in the country’s most popular web portal. The stock fell as much as 9.6 percent, the most since April 2017, after Altaba Chief Executive Officer Thomas McInerney said in a conference call that the company is ...