Classic Layout

Emirates monitors US demand amid concerns about laptop ban

  Bloomberg Emirates will adjust its offering if customer demand drops following a US ban on in-flight electronics and called for the measure to be imposed more widely. The world’s biggest long-haul carrier will be watching bookings to its U.S. destinations “very carefully” to monitor any declines, Emirates President Tim Clark said in an interview with Bloomberg TV in Dubai. ...

Read More »

BA starts scanning faces to enable faster boarding

  Bloomberg British Airways (BA) is rolling out technology that will allow passengers to go through boarding gates at its main London Heathrow Airport hub using facial recognition. Biometric devices at the main security-screening area in Terminal 5 capture a traveler’s features along with the boarding pass, and then a facial scan at the gate verifies the person’s identity, allowing ...

Read More »

Etihad Airways Engineering receives production approval

  Abu Dhabi / Emirates Business Etihad Airways Engineering become the first organisation in the Middle East to be granted with a Part21G Production Organisation Approval (POA) by the European Aviation Safety Agency (EASA). With the new approval Etihad Airways Engineering is now entitled to manufacture interior parts such as seat covers, carpets, curtains, decals and markings alongside composite and ...

Read More »

From Tundey Kababi to zoos!

  Lucknow / AP India’s most populous state is running out of meat. After the Hindu right-wing Bharatiya Janata Party came to power in Uttar Pradesh this month on the back of a resounding electoral victory and named a Hindu priest-cum-politician as the state’s chief minister, the government began cracking down on illegal slaughterhouses and meat shops. The new chief minister, ...

Read More »

Oil drops as producers seek more time to cut stockpiles

  Bloomberg A pledge by crude producers to consider extending their output-cut deal failed to excite oil bulls, with prices dropping as more time was seen needed to trim swollen global stockpiles. Futures lost as much as percent 1.3 percent in New York, extending their third weekly drop this month as rising US supplies offset the effect of output curbs ...

Read More »

Saudi sweetens huge Aramco IPO with tax cut

  Reuters Saudi Arabia’s government has cut the income tax paid by national oil giant Saudi Aramco to smooth the company’s initial public offer of shares next year, which is expected to be the world’s largest equity sale. A royal decree on Monday, retroactive to Jan. 1, set a tax rate of 50 percent for the firm. Previously, Aramco had ...

Read More »

Fortis Healthcare weighs Singapore trust buyout

  Bloomberg Fortis Healthcare Ltd., India’s second-largest private hospital chain by market value, is weighing a buyout of the Singapore-listed business trust that owns some of its clinics, people with knowledge of the matter said. The New Delhi-based company is considering making an offer for all the units it doesn’t already own in RHT Health Trust, which has a market ...

Read More »

China’s Huishan had emergency creditor meeting before rout

  Bloomberg China Huishan Dairy Holdings Co.’s creditors held an emergency meeting on Thursday to discuss a cash shortage at the milk producer, according to a peer-to-peer lender that attended the gathering. Government officials from Liaoning province, where Huishan is based, convened the meeting and asked the company’s lenders to refrain from demanding immediate repayment, according to Hongling Capital, a ...

Read More »

Dow-DuPont $77bn merger gets EU nod

  Bloomberg Dow Chemical Co. and DuPont Co. won European Union approval for a $77 billion merger, overcoming regulators’ concerns with hefty concessions, including the sale of large parts of DuPont’s global pesticide business. The takeover, announced a year ago, is the first to win EU approval out of a trio of mega-deals that would reshape the global agrochemicals industry. ...

Read More »
Send this to a friend