May, 2016

• 9 May

  US shore towns resist sand-dune buffers as storms gather

  

    Bloomberg Governor Chris Christie’s warning of Hurricane Sandy-like destruction of the New Jersey shore will be tested as the worst storm season in three years approaches and beachfront homeowners delay his building protective dunes along all 127 miles of the state’s coast. Christie, a second-term Republican, has been battling with property owners in court over his plan to erect ...

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• 9 May

  Lufthansa under stress amid revamp struggle

  

    Bloomberg Deutsche Lufthansa AG said passenger fares are set to erode further this year as it grapples with unions over a restructuring of European operations aimed at stemming the flow of customers to discount rivals. The stock fell as much as 7.1 percent. Lufthansa’s yield, a measure that reflects average ticket prices, suffered the biggest drop in at least ...

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• 9 May

  Investec finances four A380s in $1bn jet deal

  

    Bloomberg Investec Bank’s aviation arm made its first foray into financing the Airbus Group SE A380 superjumbo with a deal to purchase four jets operated by Emirates before leasing them back to the Dubai-based carrier. Investec will pay a total of $1 billion for the double-deckers, of which two are new and owned by Emirates, with the other two, ...

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• 9 May

  JetBlue, Bombardier resume talks on C Series

    Bloomberg JetBlue Airways Corp. resumed talks with Bombardier Inc. about a possible order of the planemaker’s C Series aircraft, after a pause in discussions earlier this year, people familiar with the matter said. The two sides began meeting over the jetliner in the second half of last year, but broke off negotiations about two months ago, said the people, ...

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• 9 May

  HNA-Caissa to raise $1.2bn share sale

  

    Bloomberg HNA-Caissa Travel Group Co. plans to raise as much as 8 billion yuan ($1.2 billion) through a private share sale as the Chinese tourism and catering company seeks funds to expand its cruise and global-travel services. The company’s controlling shareholder HNA Tourism Group and as many as nine other investors will buy the shares, HNA-Caissa said in a ...

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• 9 May

  Electric vehicles to curb online shopping pollution

  

    Bloomberg London’s delivery companies are experimenting with electric vehicles to curb the smog spewed by vans distributing parcels packed with goods purchased on the Internet. The UK capital’s transport authority is catalysing the transition from diesel to battery-powered vehicles by funding Gnewt Cargo Ltd., which operates London’s largest all electric delivery fleet. Gnewt is part owned by shipping DX ...

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• 9 May

  Vanilla price bubble vexes prime-producer Madagascar

  

    Madagascar / AFP The sweet flavours of vanilla are taking on a bitter edge for buyers in Madagascar as prices have almost quadrupled but quality has declined, with experts blaming speculation, money laundering and a poor harvest. Madagascar, producer of 80 percent of the world’s vanilla, has seen the spice’s price jump from about $60 per kilogramme (2.2 pounds) in ...

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• 9 May

  World’s driest desert slakes thirst with fog

  

    Chile / AFP Every morning at dawn, a thick mist known as “The Darkness” blows in from the Pacific to the edge of the Atacama Desert, the most arid place in the world. After tantalizing the northern Chilean desert with the promise of moisture, the mist evaporates in the sun, leaving the heat to bake the stark lunar landscape. But ...

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• 9 May

  Furniture icons of livable luxury

  

    Our Correspondent / EMIRATES BUSINESS Ethan Allen has become the first choice among generations. This furniture brand is offering authentic, luxurious and easy to live in designs. Since 1932, the brand is specialised in creating icons of livable luxury. It offers impressively designed, beautifully crafted classics that become as much a part of your style as that little black dress ...

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• 9 May

  Catering to local and regional industrial needs

  

    Our Correspondent / EMIRATES BUSINESS Zaker Trading is dedicated to becoming premium provider and leader offering high quality products and services in industrial, oilfield and marine fields in the region. Established in 1987, Zaker Trading is a leading enterprise engaged in diverse range of innovative welding, lifting and safety products to supplement local and regional industrial needs. A large ...

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