Thursday , 25 December 2025

Recent Posts

Mass Muslim pilgrimage to boost unloved A380 in Malaysia

  Bloomberg Malaysia Airlines Bhd. said it will use six surplus Airbus Group SE A380 superjumbos to form the core of a fleet of 700-seat jets dedicated to transporting Muslim travelers on the annual Hajj pilgrimage to Mecca. Peter Bellew, the carrier’s chief executive officer, met Airbus’s senior management in Toulouse, France, on Wednesday to hammer out details of the …

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Nestle cuts full-year sales forecast

  Bloomberg Nestle SA forecast the slowest full-year sales growth in more than a decade as food companies worldwide struggle against consumer resistance to price increases. Revenue will gain about 3.5 percent on an organic basis in 2016, the Vevey, Switzerland-based maker of Nespresso coffee said in a statement on Thursday, abandoning a goal for an increase of about 4.2 …

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Gap to shut Banana Republic stores in UK

  New York / AFP US apparel group Gap Inc. will close its Banana Republic stores in Britain as it streamlines its brick-and-mortar presence outside North America in response to weak sales. Gap will shut all eight Banana Republic stores in Britain, a Gap spokeswoman said. The majority of closures will take place by the end of January. The apparel …

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