Classic Layout

Air India says all-female crew flies around the world

  AP Air India says it has set a world record by flying around the world with an all-female crew. Press Trust of India reported that the flight flew over the Pacific Ocean from New Delhi to San Francisco on Monday, and then flew back to New Delhi over the Atlantic on Friday. Apart from the all-female cockpit and cabin ...

Read More »

Pure Gold Jewellers unveils Mother’s Day collection

  Emirates Business Celebrating the steadfast love of mothers everywhere, Pure Gold Jewellers has launched stylish special edition diamond pendants for Mother’s Day. One of the designs is an open heart shaped gold and diamond pendant with the word ‘Mom’ inscribed in the centre of the heart. This 18 karat pendant has an array of diamonds around the outer layer ...

Read More »

‘Chairman’s flight’ recipient seeks probation in United Airlines bribery case

  Bloomberg A former close political ally of New Jersey Governor Chris Christie urged a judge to spare him prison for pleading guilty to pressuring United Airlines to fly a money-losing route convenient to his family’s weekend home. David Samson, once chairman of the Port Authority of New York and New Jersey, faces as many as two years in prison ...

Read More »

Tommy Hilfiger looks to technology as it combats Macy’s decline

  Bloomberg PVH Corp.’s Tommy Hilfiger division is looking to technology to bring buzz to a three-decade-old brand that’s been walloped by the department-store industry’s decline. Though Tommy Hilfiger’s same-store sales plunged 11 percent in North America during the most recently reported quarter, e-commerce has emerged as its biggest source of growth. The business is increasingly relying on social media ...

Read More »

Libya’s biggest oil port shut, crude output cut on clashes

  Bloomberg Libya halted exports from its two of biggest oil ports and reduced production from some fields after clashes threatened to reverse the North African country’s progress in reviving crude output and sales. Shipments from Es Sider, the country’s largest oil port, and Ras Lanuf, its third-biggest, have been suspended until the security situation improves and workers return to ...

Read More »

Nigeria charges Eni, Shell with oil bloc sale corruption

  Bloomberg Nigeria has filed criminal charges of corruption against oil multinationals Royal Dutch Shell and Eni over the $1.1 billion sale of one of Africa’s richest oil blocks. Both companies have denied any wrongdoing. Charges filed at the High Court in Nigeria’s capital, Abuja, allege the companies paid $801 million to former Oil Minister Dan Etete, former Justice Minister ...

Read More »

Kirkuk oil exports at risk as Kurds seize pump station

  Bloomberg Iraqi oil shipments of about 105,000 barrels a day were halted briefly after Kurdish troops seized control of a pumping station in disputed Kirkuk province and demanded that crude shipments to the country’s central government be stopped. Oil from Kirkuk stopped flowing into a Kurdish-built export pipeline to Turkey after fighters loyal to the Patriotic Union of Kurdistan ...

Read More »

Gazprom’s Medvedev eyes new gas supply deal

  Bloomberg Gazprom PJSC deputy head Alexander Medvedev is taking solace in old sayings by the founding father of the People’s Republic of China as the natural gas giant pushes ahead with a plan to become its biggest supplier. “Do you know this Chinese saying ‘Hard work for three years, happiness for 10,000’?” Medvedev said in an interview, referring to ...

Read More »

Oil sands batter major explorers’ reserves as rout sinks value

  Bloomberg Oil-sands investments in Western Canada that gobbled tens of billions of dollars over the past decade are proving an Achilles heel for some of the world’s biggest energy producers. Exxon Mobil Corp. slashed proved reserves the most in its modern history after removing the entire $16 billion, 3.5-billion-barrel Kearl oil-sands project from its books. That followed ConocoPhillips’ announcement ...

Read More »

China targets 6.5% growth amid drive to reduce risk

  Bloomberg China set a 2017 growth target of “around 6.5 percent, or higher if possible” as focus shifts to easing risk and ensuring stability before a twice-a-decade leadership transition this year. The objective outlined on Sunday in Premier Li Keqiang’s work report to the National People’s Congress in Beijing compares with last year’s target range of 6.5 percent to ...

Read More »
Send this to a friend