Bloomberg By relinquishing control of its C Series jets to longtime rival Airbus SE, Bombardier Inc. is scaling back its ambitions to build jetliners for the world’s airlines. The deal marks a step away from what had been touted as the crown jewel of Canada’s biggest aerospace company before it was tarnished by cost-overruns and trade disputes. With the future ...

Bloomberg Thai Airways International Pcl plans to return to the US market after a United Nations safety upgrade of Thailand’s aviation sector raised the odds of the Federal Aviation Administration following suit. The state-controlled carrier may add direct flights to America next year if the FAA promotes Thailand to its top safety category, said Krittaphon Chantalitanon, vice president of alliances ...

Bloomberg Sears Canada Inc. received court approval to begin liquidating its stores as the insolvent retailer moves to wind up 65 years of business after failing to adapt to changing consumer tastes. The Toronto-based chain’s plan to begin selling off its inventory on October 19 was approved by Justice Glenn Hainey in Ontario Superior Court of Justice. Gordon Brothers Canada ...

Bloomberg The man who helped put Skinny Pop in lunch boxes all over America is embracing Amazon.com Inc., the scourge of the grocery business. The biggest food companies, notoriously slow to respond to consumer whims and losing market share to nimbler upstarts, desperately crave innovation to keep ahead of Amazon’s threat. And Jason Cohen, the Skinny Pop guy, has been ...

Dubai / Emirates Business Azizi Developments, a fast growing real estate developer headquartered in Dubai for over a decade, announced the plan to launch a new mega community project in the heart of Dubai at an estimated cost of AED25 billion, further signifying the developer’s continued rapid growth in the region. The new project, whose name is yet to be ...

DUSHANBE / WAM The UAE participated in the 2nd Session of the Arab Economic and Cooperation Forum with the countries of Central Asia and the Republic of Azerbaijan, that was held at the ministerial level here. Led by Sultan bin Saeed Al Mansouri, Minister of Economy, the UAE delegation discussed with the President of Tajikistan Imam Ali Rahman ways of ...

Abu Dhabi / Reuters Abu Dhabi National Oil Co (ADNOC) is expected to issue as early as this week a project bond in the region of $3 billion, in what would be the United Arab Emirates oil major’s first public debt issue, sources familiar with the matter said on Tuesday. The bond, with a maturity longer than 10 years, would ...

ABU DHABI / WAM Etihad Airways is testing a new hand baggage-only ‘Deal Fare’ on two key routes this winter season, for bookings between October 18 and December 18, allowing travellers to purchase lower cost seats in Economy Class if no checked baggage is required. The trial fare includes a complimentary carry-on baggage allowance of 7kg and is available on ...

DUBAI / WAM Dubai Islamic Economy Development Centre (DIEDC), has reviewed a number of initiatives set to be launched over the coming period as part of the emirate’s strategy aimed at becoming the capital of Islamic economy by 2021. This came at a meeting held under the chairmanship of Sultan bin Saeed Al Mansouri, Minister of Economy, during which a ...

Dubai / WAM Vice President and Prime Minister of UAE and Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum, on Tuesday received the President of the Maldives, Abdulla Yameen Abdul Gayoom, and his accompanying delegation. HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive Council, and HH Sheikh ...