Dubai /Â WAM Emirates Airline, the world’s largest operator of A380s, on Sunday celebrated the launch of three A380 destinations, bringing its flagship three-class double-decker aircraft from Dubai to Tokyo- Narita, Casablanca and Sao Paulo on the same day. With this triple deployment, it will be the first airline to operate scheduled A380 services in Latin America as well as ...
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Free zones crucial for shaping, promoting competitive economy
Dubai /Â WAM In an effort to encourage international investments and enhance cooperation, the Annual Investment Meeting (AIM), which will take place in Dubai from 2nd- 4th April 2017, will discuss the role of free zones in shaping and promoting competitive economy. Spearheaded by leading experts of the industry, the discussion will focus on efforts of free zones in providing ...
Read More »Bulgarians vote for parliament, may expand Russian influence
Bloomberg Bulgarians are voting in early parliamentary elections, with former Prime Minister Boyko Borissov’s Gerb party neck-and-neck with the Socialists in a contest that may strengthen Russia’s foothold in the region. In the third snap vote in five years, polls opened at 7 a.m and was to close at 8 p.m. While affirming their commitment to the European Union, ...
Read More »UAE committed to boost trade and economic relations with Mexico
Abu Dhabi / WAM The UAE is committed to further strengthening trade and economic relations with Mexico and maximising the potentials of their partnership, said Sultan bin Saeed Al Mansouri, Minister of Economy, during a meeting with Francisca Escobar, Mexico’s Ambassador to the UAE. The meeting held at the Ministry’s headquarters in Dubai discussed ways to enhance cooperation in ...
Read More »Sinopec profit rises as pipeline sales top up refining boost
Bloomberg China Petroleum & Chemical Corp. reported its first profit gain in three years as the world’s largest oil refiner got a boost from cheaper crude and took a one-time gain from pipeline sales. Net income in 2016 rose 44 percent to 46.7 billion yuan ($6.8 billion), the company known as Sinopec said in a statement to the Shanghai ...
Read More »China’s HNA buys $446mn stake in Old Mutual US unit
Bloomberg Chinese conglomerate HNA Group Co. agreed to buy a 25 percent stake in Old Mutual Plc’s U.S. asset management unit for about $446 million, adding to a $30 billion spending spree since last year. Old Mutual is selling down its holdings in OM Asset Management to HNA Group in two tranches, according to an emailed statement on Sunday ...
Read More »California deepens Trump rift, keeps clean emission rules
Bloomberg California’s environmental regulator broke with the Trump administration by maintaining its cleaner- car standards through 2025 and launching a formal effort to write even tougher rules for the following five years. The California Air Resources Board voted unanimously to maintain the state’s 2025 limits on tailpipe greenhouse gas emissions and begin drafting stricter goals for zero-emission vehicle sales ...
Read More »Uber to suspend autonomous tests after Arizona accident
Bloomberg Uber Technologies Inc. is suspending its self-driving car program after one of its autonomous vehicles was involved in a high-impact crash in Tempe, Arizona, the latest incident for a company reeling from multiple crises. In a photo posted on Twitter, one of Uber’s Volvo self-driving SUVs is pictured on its side next to another car with dents and ...
Read More »Health firms plan for $8.6bn market opening in Finland
Bloomberg Finland’s need to rein in public spending could be a boon for the nation’s private health-care providers. The parliament this month started a debate on government plans to open up the country’s 8 billion-euro ($8.6 billion) basic health-care and welfare market to private competition by 2019. More freedom for patients to choose their doctor will lead to better ...
Read More »Watchmakers confront US ‘consumer blockage’
Bloomberg Just as a four-year slump in Chinese demand for Swiss watches shows signs of ending, sales in the US, the next-largest market, have wilted. Swiss watchmakers have been caught off-guard as demand keeps sinking this year in the US, which is key for Rolex, LVMH’s TAG Heuer and Richemont’s Baume & Mercier. That’s raising concern that consumers there ...
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