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In Sri Lanka’s ‘City of Gems’, fake stones threaten to undermine gem trade

  Ratnapura / AFP From the Queen of Sheba to Britain’s Duchess of Cambridge, Sri Lanka’s sapphires have adorned royalty through the ages, but a flood of cheap imitations is threatening the island’s reputation for the precious stones. Ceylon sapphires, known after the island’s colonial-era name, enjoyed a huge boost five years ago when it was revealed that one formed ...

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Lufthansa, Air Berlin cut flights on airport strike

  Bloomberg Deutsche Lufthansa AG, Air Berlin Plc and other airlines cancelled hundreds of flights in Germany on Wednesday as a strike by public-services workers at airports hobbled operations in Frankfurt, Munich and Cologne. Lufthansa eliminated 895 flights, or 60 percent of the services it had scheduled for Wednesday, Germany’s biggest carrier said in a statement. Munich airport, where a ...

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Samsung may offer olive branch to Apple

  Bloomberg After years of battling Apple Inc. in courtrooms and retail stores, Samsung Electronics Co. may be ready to offer an olive branch. That’s expected to cost the Korean company almost $9 billion upfront. Samsung is in close talks with Apple to be the exclusive supplier of displays for iPhone models scheduled for release next year, according to people ...

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