HONG KONG / AP Hong Kong’s Cathay Pacific Airways posted its first annual loss in almost a decade, blaming it on tough competition from rival airlines, slowing Chinese economic growth and a stronger currency. The airline said that it lost 575 million Hong Kong dollars ($74 million) in 2016 compared with a HK$6 billion profit the year before. The …

  Tribune News Service Special to Emirates Business A jewel and luxury fashion industry leader for more than 110 years is once again looking for a suitor. After reporting its sixth consecutive quarter of sales declines, Dallas-based Neiman Marcus said that it’s exploring all options, including a sale of the company. A sale has been rumored for some time. Saddled …

  FRANKFURT / AP German airline Lufthansa has reached a preliminary agreement on a labor deal with its pilots that would cut pension liabilities and bar strikes through 2022. Lufthansa’s drawn-out talks with the Vereinigung Cockpit union have led to several costly stoppages that disrupted hundreds of flights. Lufthansa’s labor relations head, Bettina Volkens, on Wednesday called the deal a …