BASEL / AFP The world’s biggest watch fair opened in the Swiss city of Basel on Thursday as a slumping luxury market and the soaring popularity of connected timepieces cast gloom over the industry. Baselworld is the highlight of the year for watch and jewellery makers, with retailers flooding in to snap up the latest eye-candy for their showcases. The ...

Bloomberg When a Fastjet Plc plane flew from Tanzanian business hub Dar es Salaam to Mwanza on Lake Victoria on Nov. 29, 2012, Chief Executive Officer Ed Winter lauded the service as heralding the start of low-cost travel in Africa. Barely three years on and Winter quit this week after a spat with backer and EasyJet Plc founder Stelios Haji-Ioannou ...

Frankfurt / AFP German airline Lufthansa said on Thursday it will resume dividend payments to shareholders after profits soared in 2015, helped by low oil prices, and are set to increase again this year. Lufthansa chief executive Carsten Spohr said that despite an “emotionally challenging year” due to the Germanwings air crash and the burden of repeated strike action by ...