Bloomberg EasyJet Plc relaxed performance targets for Chief Executive Officer Carolyn McCall as the discount carrier seeks to bolster pay and retain top managers amid a downturn in the European aviation market. EasyJet must achieve a return on capital spending of 13 percent for the next three fiscal years in order to trigger full long-term incentive payments, down from ...

  DUBAI / Emirates Business Jet Aviation’s maintenance, repair and overhaul (MRO) facilities in Dubai are to join the ACJ Service Centre network, adding to the choice of Airbus-approved facilities around the world for ACJ customers and operators. Its Basle facilities became part of the ACJ Service Centre Network earlier this year. The expanded network comprises companies that are owned ...

  DUBAI / Emirates Business Sky Prime Aviation Services has chosen Honeywell’s (NYSE: HON) JetWave Ka-band satellite connectivity hardware and Go Direct Cabin Connectivity services for its Airbus A319 and A330 aircraft. The Saudi based operator has chosen Amac Aero to install KA-band satellite & KU- band and live TV streaming connectivity for the Cabins of its fleet. The latest ...

  Bloomberg ABN Amro Group NV agreed to sell its private-banking assets in Asia and the Middle East to Liechtenstein-based LGT Group, following its European rivals in shrinking overseas operations. The unit manages about $20 billion in Singapore, Hong Kong and Dubai, representing about 10 percent of its private-banking assets globally, the Dutch bank said in a statement on Tuesday. ...

  Bloomberg Barclays Plc agreed to sublet office space in London’s Canary Wharf financial district to the UK government, saving the cost-pressured British bank about 35 million pounds ($45 million) a year. The Cabinet Office will lease about 540,000 square feet of space in 10 South Colonnade, according to a statement on Barclays’s website Tuesday. IT and human resources staff ...

  Bloomberg HSBC Holdings Plc plans to step up hiring in China for its retail and wealth business next year as the U.K. lender persists with its expansion there despite the country’s economic slowdown and measures to stem capital outflows. The bank increased the number of retail-bank employees in China’s Pearl River Delta by 57 percent in the 12 months ...

  Sydney / AFP Australia’s central bank held interest rates at a record low of 1.50 percent on Tuesday despite a recent run of soft economic data but weak inflation figures kept the door open for future cuts. The Reserve Bank of Australia has cut rates by 300 basis points since November 2011 to support growth in non-resources industries as ...

  Bloomberg Banca Monte dei Paschi di Siena SpA shares seesawed on Monday after Prime Minister Matteo Renzi’s decision to resign added to uncertainty about the bank’s plans to raise as much as 5 billion euros ($5.3 billion) in capital by the end of the year. The struggling lender was down 0.8 percent at 11:12 a.m in Milan as investors ...

  Manchar Lake / AFP For generations the Mohanna tribe have lived, loved, worked, and played on Pakistan’s Manchar Lake; their floating settlement serving their needs from birth to death. But an unrelenting flow of toxic wastewater is pouring into the lake — a byproduct of industrialisation and aggressive agricultural practices upstream — and has slowly rendered it inhospitable, poisoning ...

  Reykjavik / AFP An island of ice and lava battered by the Arctic winds, Iceland’s dramatic and pristine landscape is attracting a growing number of tourists, not all of whom are respectful of the fragile ecosystem. Along with hikers, nature lovers, reality TV starlets and fans of the series “Game of Thrones” which was partially filmed in Iceland, 1.3 ...