Managua / AFP Nicaragua is to start a new national airline and expand its international airport under a deal with Russia involving Russian aircraft and a loan of up to $300 million, state media reported. Government officials did not immediately respond to queries seeking to verify the information. According to a report by the online news website 19 Digital, a …

EMIRATES BUSINESS Philippines’ leading airline, Cebu Pacific (PSE: CEB), has announced additional flight frequencies from Manila, Cebu, Iloilo, and Davao to key domestic and international destinations, to accommodate passenger demand during the summer peak travel period. The airline also launched an exclusive seat sale for its routes between the GCC region and the Philippines. Travelers looking to book flights between …

TOKYO / Reuters Activist investor Daniel Loeb claimed success after the surprise exit of convenience store pioneer Toshifumi Suzuki as CEO of Seven & i, saying it was a step forward for corporate governance in Japan, but his victory may turn out to be pyrrhic. The sudden departure of its 83-year-old patriarch left the $90 billion retail conglomerate without a …