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SINGAPORE / Bloomberg Singapore Airlines Ltd., facing competition from Middle Eastern carriers and a rash of budget airlines, is trying to revive its fortunes the way it knows best: wooing flyers with new aircraft. The carrier received its first Airbus Group SE A350 in Singapore on Thursday. While the new aircraft with its extra-wide cabins and a new entertainment system will ...

LAS VEGAS / Bloomberg MGM Resorts International has reached an agreement to sell its Shops at Crystals mall in Las Vegas to a Simon Property Group Inc. partnership for $1.13 billion, according to a person with knowledge of the transaction. The deal may be completed soon, said the person, who asked not to be identified because the terms have not been ...

Bloomberg McKesson Corp. agreed to acquire Rexall Health, Canada’s No. 2 drugstore chain, from its private owner for C$3 billion ($2.23 billion), as the US distributor of medical products expands its presence in Canada. Rexall operates about 470 retail pharmacies, and McKesson said it will maintain the brand in Canada. The acquisition of Rexall from Katz Group is being funded ...

Washington / Bloomberg Costco Wholesale Corp. posted second-quarter earnings that trailed analysts’ estimates as higher-income shoppers show signs of curtailing spending. Net income fell 8.7 percent to $546 million, or $1.24 a share, the Issaquah, Washington-based company said in a statement. Analysts estimated $1.28 a share, on average. Same-store sales in the US, a closely watched measure by investors, increased ...

NEW YORK / AP US airlines are looking to serve Cuba primarily from their large hub cities, with Havana being the most popular destination. At least eight carriers submitted applications to the US Department of Transportation (DOT) outlining what routes they would like to fly. The government will spend the next few months reviewing the requests and is expected to ...

Abu Dhabi / WAM The United Arab Emirates, under the wise leadership of President His Highness Sheikh Khalifa bin Zayed Al Nahyan, has strongly believed in the importance of its human resources in all fields, His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, said on Wednesday. ...

Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister and Ruler of Dubai, on Wednesday visited the 41st Middle East Electricity Exhibition, which is being held at the Dubai World Trade Centre. His Highness Sheikh Mohammed toured the exhibition, in which nearly 1,500 companies from 56 countries, including the UAE, are participating, to ...

Sharjah / WAM Sharjah Investment and Development Authority (Shurooq) is preparing to launch the 10th edition of Sharjah Food Festival. It will take place from March 31 to April 9, daily from 5:00 p.m. to 11:00 p.m. in four locations across Sharjah: Al Qasba, Al Majaz Waterfront, Al Montazah and Heart of Sharjah. This year, the festival will include many ...

DUBAI / Emirates Business The Dubai Health Authority’s (DHA) General Medical Committee has approved more than 2,500 requests for special parking permits for people with disabilities, said a top health official. Dr Khaldoon Walid Nabhan, Senior Medical Audit Analyst and Vice Chairperson of the General Medical Committee (GMC) at the DHA said that from 2009 until 2015, the GMC has ...

Dubai / WAM Hani Rashid Al Hamli, Secretary-General of the Dubai Economic Council (DEC) has said that Dubai has adopted an “innovation” approach for its development agenda, and there are several institutions in Dubai that are actively working to stoke this trend and turn the city towards being at the forefront of the world’s economies in innovation. He also said ...