Geneva / Emirates Business The International Air Transport Association (IATA) announced slowing global passenger demand growth for July. Total revenue passenger kilometres (RPKs) rose 3.6 percent, compared to the same month in 2018. This was down from 5.1 percent annual growth recorded in June. All regions posted traffic increases. Monthly capacity (available seat kilometres or ASKs) increased by 3.2 percent ...

Bloomberg Southeast Asian ride-hailing startup Grab Holdings Inc intends to invest $150 million in artificial intelligence (AI) and hiring more engineers over the next year, accelerating an expanding business that now includes food delivery, digital payments and digital content. Grab, in hot competition with local rival Gojek to become Southeast Asia’s do-it-all super app, outlined for the first time a ...

Bloomberg Singapore’s sovereign wealth fund, GIC Pte, is nearing a deal to buy a majority stake in Oxford Properties Group’s Fairmont portfolio, which consists of four of Canada’s most iconic hotels, according to people familiar with the matter. The talks are advanced and a deal could be announced in coming weeks, said the people, who asked not to be identified ...