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Mall of Africa: Shoppers throng in hordes, despite economy woes

  JOHANNESBURG / AP South African shoppers flocked to the opening of one of Africa’s largest malls outside Johannesburg, despite rising unemployment and slowing economic growth. The Mall of Africa, which was opened last Thursday, spanning 130,000 square meters (140,000 square feet) registered 68,000 visitors, a spokesman for the mall’s owners said. “We did expect a high number but this ...

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Air Canada jumps after reporting surprise Q1 profit

  Bloomberg Air Canada surged the most in two years after reporting an unexpected first-quarter profit and saying a key earnings measure would rise to a record this year. Adjusted profit was 30 Canadian cents a share, the country’s largest carrier said in a statement that was released recently. Analysts expected a loss of 19 Canadian cents, according to the ...

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IndiGo set for biggest slide in two months over jet engines

  Bloomberg InterGlobe Aviation Ltd., the operator of India’s biggest airline IndiGo, slumped in Mumbai after President Aditya Ghosh told analysts that a cooling issue faced by some engines powering the A320neo jets has the potential to hurt the carrier’s low-cost model. Shares of the company fell 5 percent to Rs.1,022.25 in Mumbai after tumbling as much as 6.5 percent ...

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