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China state airlines find home turf more profitable

Bloomberg For years, China’s three state-owned airlines kept adding flights on international routes to chase after a rising middle class that can afford to fly overseas. Now, they are slowing that down in favour of the local market. In the first half of 2017, Air China Ltd., China Eastern Airlines Corp. and China Southern Airlines Co. increased international seats at ...

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Steinhoff rejects dishonesty allegations

Bloomberg Steinhoff International Holdings NV rejected allegations of dishonesty made in a Manager-Magazin report that Chief Executive Officer Markus Jooste is among employees being investigated by German prosecutors in a 2015 case linked to possible accounting fraud. Substantial information in the article is “wrong or misleading,” the South African furniture and clothing retailer said. Referring to the start of the ...

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‘We salute sacrifice of martyrs’ mothers’

Abu Dhabi / WAM The celebration of Emirati Women’s Day reflects the UAE leadership’s profound belief in the contributions of women and their role in the country’s development, said HH Sheikh Hamdan bin Zayed Al Nahyan, Ruler’s Representative in the Al Dhafra Region. In a statement to mark the day, Sheikh Hamdan said that since the establishment of the UAE ...

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