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UBS loss is hard cheese for Singapore

Sour grapes. That’s a two-word description for the Singapore sovereign fund’s decision to slash its shareholding in UBS Group AG at a loss after nursing the investment for nearly a decade. But is the sale also a flashing neon ‘buyer beware’ sign for HNA Group Co., the Chinese aviation-to-hotels conglomerate that recently boosted its stake in another European lender, Deutsche ...

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Race to prevent airline terror turns to laptops, thin bombs

The never-ending race to stay ahead of the terrorists and their obsession with aviation has turned to laptops and other electronic devices. First it was shoes, after a failed attempt to blow up a jetliner in 2001 with explosives-laden black hightops. Then liquids were banned in 2006 following the discovery of a U.K.-based plot. The nearly successful detonation of a ...

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DAMAC Properties set to launch Seaview luxury tower in Qatar

Doha / Emirates Business DAMAC Properties, a leading luxury real estate developer in the region, is set to launch Burj DAMAC Seaviews in Qatar next week. The 31-storey tower, featuring luxury furnished and serviced apartments and townhouses ideally located at the beachfront in Lusail City, is set to raise the standards of hospitality in the city and beyond. Burj DAMAC ...

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