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China to restrict N Korean airline operations

  Bloomberg China will restrict the operations of North Korean national airline Air Koryo after one of its planes had to make an emergency landing last month because of a fire on board, it said. The Civil Aviation Administration of China (CAAC) will take “relevant measures to limit operations” for the carrier, it said in a statement on its website, ...

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Weaker pound gives Heathrow traffic and retail a lift

  Bloomberg Prime Minister Theresa May’s decision to delay a new nuclear plant backed by China makes it more likely that expansion at London Heathrow Airport, which also has Chinese investors, will win UK government backing, Chief Executive Officer John Holland-Kaye said. The UK will be reluctant to fuel tension with China, which reacted angrily to May’s decision last month ...

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Post Properties surges on $3.9bn deal with Mid-America

  Bloomberg Post Properties Inc. shares rose the most in seven years after Mid-America Apartment Communities Inc. agreed to buy the real estate investment trust for about $3.9 billion, forming a company with about 105,000 multifamily units amid rising demand for rental housing. Post Properties investors will get 0.71 of a Mid-America share for each of their shares, the companies ...

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