Bloomberg The bad news at Deutsche Bank AG just got worse. Amid a weeks-long leadership tussle that claimed the scalps of the chief executive, two of his top lieutenants and tainted its chairman, the bank inadvertently transferred 28 billion euros ($35 billion) to one of its outside accounts, Bloomberg News has revealed. While the blunder was quickly reversed and caused ...

Bloomberg Passengers aboard a crippled Southwest Airlines Co. jetliner endured a tense, bumpy, 22-minute ride after an engine failed and hurled a hail of shrapnel that blew out a window, causing the death of a woman. The plane banked hard to the left by 41 degrees moments after the engine shutdown and its smooth exterior tore loose, dramatically increasing wind ...

Bloomberg Sudan Airways, the national carrier that’s cut almost all flights, may fire 80 percent of staff as it awaits benefits from the lifting of two-decade-old US sanctions, a state minister for transport said. The airline will probably dismiss 1,200 of its 1,500 employees as it tries to overcome difficulties in international banking transactions and importing vital spare parts, according ...

Bloomberg Debenhams Plc tumbled after the UK department-store operator said its chief financial officer is leaving to join a rival, and profit will be at the lower end of an already-reduced forecast range. Following a holiday season in which UK consumers shifted to e-commerce merchants such as Amazon.com Inc. and hunted for bargains, full-year pretax profit will be at the ...

Bloomberg Procter & Gamble Co. agreed to buy Merck KGaA’s consumer-health business for 3.4 billion euros ($4.2 billion) to bolster growth, betting that vitamins and decongestants can hasten its comeback. The deal gives the maker of Crest toothpaste a stable of products with sales growth of 6 percent in the past two years, double the pace of traditional consumer goods ...

Bloomberg There are many depictions of a future in which we’ve mastered the art of manipulating the opacity of glass. Even in real life, sunglasses can adapt to the intensity of sunlight. So why, one might ask, can’t we have that in our homes, or at work? The wait may soon be over. The tinted world of tomorrow is coming, ...

DUBAI / WAM Dubai Investments has announced the decision to distribute 12 percent cash dividend to its shareholders for the financial year ending on December 31, 2017. A proposal to this effect was approved by the shareholders at the company’s 22nd Annual General Meeting on Wednesday. The company presented its 2017 financial results, which revealed a net profit of AED1,001.6 ...

Emirates Business Mohamed Alabbar, Chairman of Emaar Properties, on Wednesday announced the launch of the company’s first hotel and residences project in Ras Al Khaimah, at the Arabian Hospitality Investment Conference 2018. Located in the Views island of Al Marjan Island, a four-island mega-development, Address Al Marjan Island hotel and residences will be managed by Emaar Hospitality Group’s premium lifestyle ...

ABU DHABI / AGENCIES Aldar Properties has signed a Memorandum of Understanding (MoU) with Hyperloop Transportation Technologies (HyperloopTT), the innovative transportation and technology company, that will allow for the creation of a new HyperloopTT centre including a full scale commercial Hyperloop system, an Hyperloop R&D Advanced Mobility Centre, a Demonstration and Visitor Centre, and an Innovation Hub. The construction site ...

DUBAI / WAM Emirates Islamic Bank has announced a net profit of AED209 million during its Q1 2018 supported by growth in core income, efficient cost management, and an improved cost of risk. The bank’s balance sheet remains strong with improvements in credit quality and liquidity. The net profit was up 2 percent quarter on quarter (q-o-q), and declined by ...