May, 2016

• 4 May

  Sainsbury profit tops as it outpaces peers

  

    Bloomberg UK supermarket chain J Sainsbury Plc reported annual profit that beat estimates as the company outperformed peers in a market blighted by deflation and discount competition. Operating profit fell 11 percent to 700 million pounds ($1.02 billion) in the 52 weeks ended March 12, the country’s second-biggest grocer said in a statement Wednesday. Analysts expected 683.4 million pounds, ...

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• 4 May

  Air France-KLM trims loss, warns of turbulence

  

    Paris / AFP Air France-KLM announced on Wednesday it had trimmed losses in the first quarter of 2016 but the airline said passenger traffic to Paris had been affected by terror attacks in Europe and it warned of a difficult year ahead. The Franco-Dutch group warned of doubts over fuel prices, some bloated routes and uncertainty over the economic ...

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• 4 May

  Gol advices its bondholders as airlines struggles

  

    Bloomberg Gol Linhas Aereas SA is offering to exchange $780 million of dollar-denominated notes for new securities maturing over a decade, as the Brazilian airline struggles to reshape its finances amid a deepening recession in the domestic market. Bondholders of five different tranches of debt, one of them maturing as early as next year, are being asked to accept ...

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• 4 May

  No fees on excess bags last great flight deal

  

    Bloomberg A low-cost, low-fare carrier such as Spirit Airlines Inc. makes its living on passenger fees. That those fees, known as non-ticket revenue, dropped by more than $2 per passenger in the first quarter, compared to a year ago, might suggest a shift in travellers’ tolerance for additional charges. Spirit blames its sagging fee tally on low fares; travellers ...

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• 4 May

  Bangkok’s ‘chaotic charm’ under threat

  

    Bangkok / AFP For nearly a century, Thanuan has watched history sweep through the bustling maze of alleyways that make up Bangkok’s Chinatown, one of the city’s few districts yet to be devoured by malls and high-rise condos. But change is coming — and fast. A new metro service will soon plough straight into the heart of the historic quarter, ...

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• 4 May

  Meet the next sport of the modern age: Drone racing

  

    HAWTHORNE, Calif. / AP Decked out in high-tech goggles, pilot Steve Zoumas dives low and sees the final gate zooming toward him — a 20-foot-tall metal-framed box ringed with neon. Boom! His sight goes black. The crowd lets out a collective “Whoa!” as pieces of his aircraft, which has just smashed into a concrete barrier, go flying. Zoumas is just ...

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• 4 May

  Mitsumi: Diversifying with strong vision

  

    Our Correspondent/ Emirates Business MITSUMI is an authorised distributor for leading global IT hardware and software brands. It was found in Nairobi, Kenya, in 1996. However, over the past19 years, the company has established 10 warehouses and eight service centers in Africa and a strategic motherhub warehouse located in Jebel Ali, Dubai. While earning a good name in the ...

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• 4 May

  Dr Batra’s world’s largest homeopathic corporate

  

    Our Correspondent / EMIRATES BUSINESS Dr Batra’s — the name that represents excellence and commitment to the health services sector — the pioneering force that aims at building values for patients, employees, partners and for the society, at large. The fundamental business strategy of Dr Batra’s is to innovate, to excel at whatever is created and to build a ...

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• 3 May

  Business excellence awardees feted

  

    DUBAI / WAM His Highness Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai, and HH Mansour bin Mohammed bin Rashid Al Maktoum, Chairman of Dubai International Marine Club, on Tuesday attended the 22nd Business Excellence Awards ceremony hosted by the Department of Economic Development(DED) in Dubai and honoured 42 winners of the Dubai Quality Award, ...

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• 3 May

  UAE President directs National Reading Law

    ABU DHABI / WAM His Highness Sheikh Khalifa bin Zayed Al Nahyan, President of the UAE, has given directions to start the legislative procedure of drafting a UAE National Reading Law, which aims to ensure the sustainability of all government efforts to consolidate reading in the UAE for all ages, as well as identify the key responsibilities of government ...

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