Bloomberg Britain’s vote to leave the European Union will almost certainly have repercussions for the Federal Reserve — and those could play out over days or months. The severity of the fallout will become clear over three time horizons. The Fed said it’s ready to act with its global central bank partners to shore up liquidity in markets, if ...

  Our Correspondent EMIRATES BUSINESS Retailing in the UAE since 1988, Jacky’s Electronics is the country’s leading multi-brand consumer electronics retailer. The company opened its first retail showroom in Deira, Dubai and since then has grown steadily with five outlets across the UAE to date. Jacky’s Electronics has pioneered new concepts and approach to electronics retailing. All Jacky’s outlets are ...

  Our Correspondent EMIRATES BUSINESS While the summer sun shines bright over us, in all its might, the smell of a good fragrance is the only thing that prevents further concern. Being a top favorite amongst the elite in the world of fragrances, My Perfumes introduces a futuristic new concept called ‘Otoori’ where you can Mix and Match to create ...

  London / Bloomberg Southwest Airlines Co. will postpone delivery of 67 Boeing Co. 737 Max 8 aircraft by as many as six years, pushing $1.9 billion of spending on planes into the next decade. The airline also plans to accelerate six 737-800 orders to next year from 2018 to help cover the already announced early retirement of its oldest ...

  Washington / Bloomberg United Continental Holdings Inc. reached a tentative deal to bring its 25,000 flight attendants under a single labour contract for the first time since the merger that created the airline almost six years ago. A unified labour contract with flight attendants would address one of the most glaring failures since the 2010 merger of United’s parent ...

  Mumbai / Tribune News Service Muscat-based Oman Air is seeking an over 36 percent increase in bilateral flying rights from India as it seeks to compete with West Asian rivals to carry more passengers to and from the country, the world’s fastest growing aviation market. Oman Air, which flies to 11 Indian cities, is competing with three major Gulf ...

  Mumbai / Tribune News Service Reliance Retail Ltd is utilizing the delay in launching mobile services by its affiliate Reliance Jio Infocomm Ltd to expand its phone distribution network, two people aware of the issue said. Reliance Retail Ltd, a unit of Reliance Industries Ltd (RIL), has signed up more than 120,000 modern retailers and 65,000 smaller stores to ...

  London / Bloomberg British Airways owner IAG SA lowered its 2016 profit target as the UK’s vote to leave the European Union threatens to extend a drop in demand that started in June in the run-up to the historic referendum. Operating profit this year will no longer increase at a level similar to the 70 percent surge posted in ...

  Bloomberg London office-property values may fall by as much as 20 percent within three years of the country leaving the European Union as businesses relocate and the economy stagnates, according to Green Street Advisors LLC. “New leasing will slow dramatically,” said Hemant Kotak, an analyst at the London-based research company. Retail-property values across the country could fall by 10 ...

  Bloomberg CBRE Group Inc. and Jones Lang LaSalle Inc., real estate services firms that do a significant share of their business in the U.K., tumbled as investors speculated on a possible fall-off in property sales and leases after Britons voted to leave the European Union. CBRE, the world’s largest commercial-property brokerage, dropped 9 percent to $27.31 in New York, ...