Ankara / AFP Two people suspected of planning a car bomb attack on the Turkish capital Ankara on Saturday blew themselves up after being confronted by police, averting what the justice minister called a “huge disaster”. The suspects, who both died in the explosion, were believed to be preparing an attack when they set off the explosives, the official ...
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Top pro-Saudi commander killed in Yemen fighting
DUBAI / Reuters A top general in forces loyal to Yemeni President Abd-Rabbu Mansour Hadi’s government has been killed in fighting with Iran-aligned Houthi troops east of the capital Sanaa, sources on both sides of the conflict said. Major-General Abdel-Rab al-Shadadi, commander of Yemen’s Third Military Region — which has its headquarters in the city of Marib east of ...
Read More »Syria’s White Helmets: ‘Heroes’ who run towards bombs
Beirut / AFP Before war broke out they were bakers, decorators or students. Now Syria’s volunteer rescuers known as the White Helmets risk their lives trying to pull victims from the rubble. Footage of the daring, often heart-rending rescues carried out by the group’s nearly 3,000 volunteers has frequently gone viral, earning it plaudits around the world. Images of ...
Read More »Boeing wins $18bn Qatar deal
Bloomberg Boeing Co. landed an $18.6 billion deal with Qatar Airways for as many as 100 aircraft, providing a sales boost to the U.S. company’s upgraded 737 jetliner with one of the year’s largest commercial airplane deals. The Doha-based carrier pledged to buy as many as 60 of the 737 Max 8 jet, valued at $6.9 billion at list prices, ...
Read More »Avolon buys CIT plane-leasing unit for $10 billion
Bloomberg China’s HNA Group, controlled by billionaire Chen Feng, agreed to buy the aircraft-leasing business of CIT Group Inc. for $10 billion in a deal that would create the world’s third-largest rental fleet. HNA’s Avolon Holdings Ltd. will expand its lineup to 910 aircraft valued at more than $43 billion, including planes on order, the company said in a ...
Read More »Lufthansa’s DAX spot shaky as unions, Brexit weigh on shares
Bloomberg Deutsche Lufthansa AG shares, which have been trading near their lowest level in four years, are at risk of dropping out of Germany’s benchmark DAX Index as the airline battles low-cost competitors, labor unions and a shaky credit rating. Lufthansa’s market value now ranks 40th among DAX members, down from 35th place in April, according to data published ...
Read More »Turkish Air postpones jet deliveries
Bloomberg Turkish Airlines said it plans to postpone dozens of Airbus Group SE and Boeing Co. narrow-body jets as it contends with a turbulent travel market following terror attacks in Istanbul and Europe. The carrier is delaying deliveries of 39 of the upgraded single-aisle planes originally scheduled for 2018 to 2020, the company said in a filing Friday to ...
Read More »Chinese group buys Albanian airport
AFP Chinese financial giant Everbright has bought the Albanian capital’s main air hub, Tirana International Airport, its management said. The airport had since 2005 been run by TIA, whose shareholders include German airport manager AviAlliance, German investment and development firm DEG and the Albanian-American Enterprise Fund. “We are thrilled to announce an era of transformation with China Everbright Limited,” TIA ...
Read More »ABN Amro to weigh sale of Asia pvt-banking business
Bloomberg ABN Amro Group NV, the state-controlled Dutch lender that returned to the stock market last year, is exploring a sale of its Asia private-banking business, people with knowledge of the matter said. The bank is working with a financial adviser and has reached out to potential buyers to gauge their interest, according to the people. The deliberations are ...
Read More »HSBC executive barred over forex fraud
Bloomberg An HSBC Holdings Plc. executive and a former employee have been barred from the banking industry by the Federal Reserve as they face U.S. criminal charges that they committed fraud in conducting foreign-exchange trades. The Fed’s move follows the August indictments of Mark Johnson, who was HSBC’s head of foreign exchange cash trading, and Stuart Scott, the bank’s ...
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