News

Sharjah / WAM Air Arabia announced on Tuesday its new route to Grozny, capital of the Chechen Republic in Russia. Air Arabia will begin flights to Grozny on April 20. Air Arabia’s Russia network, which recently increased by launching flights to Sheremetyevo International Airport adding a second route for travel to the Russian capital, has been extended to include the ...

Dubai / Emirates Business Emirates SkyCargo, the freight division of Emirates, is expanding its footprint in Europe with the launch of new scheduled freighter services to Maastricht. Maastricht will join Emirates SkyCargo’s global freighter network of over 40 cities and will become the second freighter destination in the Netherlands after Amsterdam. Emirates SkyCargo will initially operate two freighter flights a ...

Bloomberg India’s push towards universal health-care has Prime Minister Narendra Modi’s political opponents worried, a top government adviser said. Modi’s government announced a plan to provide health insurance to 100 million poor families, which would cover about 40 percent of the population. India plans to cover the entire population “sooner than later,” according to Rajiv Kumar, vice chairman of the ...

Bloomberg Tencent Holdings Ltd. and Cnooc Ltd. are among 11 companies that will join the Hang Seng China Enterprises Index, while China Railway Construction Corp. will be removed, Hang Seng Indexes Co. said in its quarterly review. The changes will take effect on March 5 and increase the number of constituents on the gauge to 50, the index compiler said ...

Bloomberg South Korea’s spy agency has begun investigating the possibility that North Korean hackers orchestrated the theft of about $500 million worth of digital coins from Japanese cryptocurrency exchange Coincheck Inc., said a lawmaker who attended a meeting with the head of the intelligence service. The National Intelligence Service is investigating last month’s incident— one of the largest cryptocurrency heists ...

Bloomberg As the equities selloff spread from Asia to Europe, gold proved its status as a safe haven. The metal added 0.3 percent to $1,343.19 an ounce, extending yesterday’s 0.5 percent advance. FTSE/JSE Africa Gold Mining Index gained 1.7 percent, while silver and platinum also rose. But across other risk markets, screens flashed red as everything from bitcoin to Japanese ...

Bloomberg Cofco International Ltd. has already overtaken some of the world’s oldest agricultural traders to become one of the biggest shippers of soybeans in Brazil, the top exporter. Now, the Chinese food giant is considering acquisitions that would extend its position even further. The company is looking into buying warehouses and other facilities related to logistics deep in Brazil’s agricultural ...

Bloomberg China’s pension shortfall is emerging as the next big challenge for policy makers as they intensify their years-long campaign to keep rising debt from derailing the economy. Aging in the world’s most populous country means pension contributions by workers no longer cover retiree benefits, forcing the government to fill that gap since at least 2014. Pension expenses rose 11.6 ...

Bloomberg BP Plc dodged the disappointment that afflicted other oil-company earnings as it did a better job of exploiting the upswing in crude prices. Oil and gas output rose following the startup of seven new projects last year, helping the London-based giant post a fivefold increase in fourth-quarter profit from a year earlier to the highest since the start of ...

CAPE TOWN / Reuters Angola sees no further OPEC cuts in 2018 and Africa’s No. 2 crude exporter hopes to join the ranks of gold producers next year as it strives to diversify an economy long based on oil and diamonds, its minerals and petroleum minister said on Tuesday. Angola, where oil wealth has failed to translate into wider prosperity, ...