The Turkey turmoil triggered by a botched coup is weighing heavy on the psyche of the investors. They are alarmed. Worse, the spreading post-putsch purge of dissent is adding to the concerns of the businesses and companies. They are quite lost as what to do next. The lira has plummeted, equities have been dumped, the tourism sector is in a ...

  Barry Ritholtz SPECIAL TO EMIRATES BUSINESS Amid all the hoopla and theater of the national political convention you might have missed a noteworthy report about the financial literacy of the average American adult. It’s worth taking a look during the weekend if you want a break from the presidential race, which seems like it begins again as soon as ...

On August 1-2, Singapore Prime Minister Lee Hsien Loong will visit the United States as the two countries commemorate the 50th anniversary of their diplomatic relations. Lee’s visit will feature a rare state dinner in his honour hosted by President Barack Obama, making him just the fifth Asian leader to have been granted such a privilege in the Obama White ...

  The weeks since the Brexit vote have made it clear that the European Union is not going to take this opportunity to redefine itself. Rather, it appears to be settling into a status quo in which minor EU rules are observed while the big ones are often fudged. Two cases illustrate the reality of what EU-watchers might call a ...

Sooraj Aurora The global sports sector is estimated to be worth between $480-620 billion. However, in India, sport is yet to be recognized as an economic sector, mainly due to the fact there has been little or no comprehensive study done on the industry’s size, potential, and on the available opportunities that are on offer. The sports industry sector may ...

  AP Online shoppers want their packages — now. And Amazon is spending heavily to make sure that happens. Amazon’s Prime service has, at heart, always been about free two-day shipping. The $99 annual subscription includes a variety of other goodies, but the near-instant gratification of fast, no-extra-cost delivery was the program’s original draw, and remains central to its appeal ...

  Bloomberg Singapore Airlines Ltd. reported first-quarter profit almost tripled as lower oil prices reduced costs and the company benefited from the sale of a stake by its subsidiary. Net income rose to S$256.6 million ($190 million) in the three months ended in June from S$91.2 million a year earlier, the carrier said in a Singapore stock exchange statement Thursday. ...

  Bloomberg Allegiant Airlines will buy new aircraft for the first time, in a purchase valued at $1.2 billion, as the discount carrier speeds its shift to a fleet of all Airbus Group SE planes by mid-2019. Buying the 12 A320 jets with currently available engines allows the airline to add planes “opportunistically” as Airbus switches its focus to pricier ...

  Bloomberg British Airways parent IAG SA will cut capacity and put spending under review in the wake of the U.K.’s decision last month to quit the European Union, with the uncertainty depressing profit growth this year. Operating profit excluding one-time items is now expected to grow by a low double-digit percentage, the London-based IAG said Friday. Prior to the ...

  Bloomberg Apple Inc. plans to roll out a redesigned version of its Apple Store mobile app for selling devices that will use a customer’s buying history to recommend further purchases, taking a page from Amazon.com Inc.’s playbook. The updated retail app could be rolled out in the next two weeks, according to people familiar with the intended revamp. It’s ...