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McDonald’s out of buns in Rio as truckers strike

Bloomberg It’s hard to serve a Big Mac without the bun. A truckers’ strike in Brazil over higher diesel prices has left at least one McDonald’s in Copacabana struggling to serve its customers. The last perishable food delivery received at the restaurant was May 18, manager Yladian Barbosa told O Globo newspaper. On Wednesday alone, that meant a loss of ...

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Samsonite tumbles after short seller questions accounting

Bloomberg Samsonite International SA, the world’s largest branded-luggage maker, tumbled the most since 2012 after short-seller Blue Orca Capital questioned the company’s accounting and corporate governance. Samsonite concealed slowing growth with debt-funded acquisitions and inflated profit margins with dubious accounting linked to its takeovers, Blue Orca, founded by former Glaucus Research Group research director Soren Aandahl, alleged in a report. ...

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UAE’s GCAA denies hijacking of flydubai jet in Iran airspace

DUBAI / WAM The UAE’s General Civil Aviation Authority (GCAA) denied on Wednesday the news of what is being circulated about an attempt to hijack a plane belongs to the national carrier flydubai in Iranian airspace. Saif Al Suwaidi, Director General of the GCAA, emphasised that flight No. FZ301, which was heading from Dubai to Kabul, has returned to Dubai ...

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