March, 2016

• 21 March

  Zalando aims for $11bn in sales by seeking tech edge

  

  Bloomberg Zalando SE, Europe’s biggest online fashion retailer, is making investments to set its service apart from competitors, including a potential tie-up with smartphone car service Uber Technologies Inc. The German e-commerce player is trying to gain market share and boost profitability by building new systems that can make it easier for brands such as Adidas AG or Nike Inc. ...

  Read More »
• 21 March

  Vermont brings food industry to its knees over GMO labels

  

  MONTPELIER / AP General Mills’ announcement that it will start labeling products that contain genetically modified ingredients to comply with a Vermont law shows food retail companies might be throwing in the towel, even as they hold out hope Congress will find a national solution. Tiny Vermont is the first state to require such labeling, effective July 1. Its fellow ...

  Read More »
• 21 March

  Ousted Fastjet CEO says currency slide to blame for Africa woes

  Bloomberg Fastjet Plc Chief Executive Officer Ed Winter, who is poised to leave the African discount airline after clashing with investor Stelios Haji-Ioannou over mounting losses, said he still thinks the continent is on the cusp of a transformation into a viable aviation market. Without an unexpected slump in currencies spanning the South African rand to the Kenyan schilling, Fastjet ...

  Read More »
• 21 March

  Tycoon Fernandes’ Indian roots may help skirt air rules

  

  Bloomberg Malaysian airline tycoon Tony Fernandes, chief executive of budget carrier AirAsia Bhd, said he’s applied for a version of Indian citizenship, a status that may allow him to fully own his local unit and skirt some aviation rules that restrict foreigners. “There will be a big party when I get my approval,” he told reporters in the southern Indian ...

  Read More »
• 21 March

  Need an airport for the jet? Atlantic City is selling one cheap

  

  Bloomberg Aviation enthusiasts, developers and anyone looking for a parking spot for the private jet, take note: Atlantic City is selling a century-old former airport for a fraction of what it could have received eight years ago. Bader Field, which spurred the first use of the word “air-port” in a 1919 newspaper, will go up for a minimum bid of ...

  Read More »
• 21 March

  Airbus in talks with Iran over deal to produce plane components

  

  Bloomberg Iran could begin making parts for Airbus Group SE aircraft under plans being discussed following January’s historic agreement to purchase 118 jetliners from the European manufacturer. Airbus’s Middle East office said the company is evaluating areas of industrial cooperation with Iran that may include component production and maintenance and overhaul work. Iran developed an ability to make plane parts ...

  Read More »
• 21 March

  Japan apparels take a tech leap

  

  AFP From ready-to-wear knits manufactured instantly to customised dresses produced on inkjet printers, Japan’s apparel industry is turning to state-of-the-art technology in a bold bid to cut labour costs and secure its future. At manufacturing giant Shima Seiki’s factory in western Japan, garments materialise in minutes, thanks to digitally-programmed automated machines that can turn out a sample seam-free pullover in ...

  Read More »
• 21 March

  Of little wings and sweet chirps!

  

  RITIKA SHARMA / Emirates Business A little bird, with plumage brown, beside my window flutters down…… But we, in traffic’s rush and din, Too deep engaged to let them in, with deadened heart and sense plod on Nor know our loss till they are gone. While in school, I knew the above poem by Paul Laurence Dunbar by heart. Least ...

  Read More »
• 21 March

  Hey Mom, it’s your day!

  

  RITIKA SHARMA / Emirates Business Today, some plan to make her the breakfast, while others decide to take her for shopping, yet others might gift her that diamond pendent she always wanted. Whatever the gesture is, motherly love is in the air. Its Mother’s Day — an occasion of tribute to the dedication, love and discipline mothers bring to our ...

  Read More »
• 21 March

  Turning the town ‘RED’

  

  ALKESH SHARMA / EMIRATES BUSINESS A refreshing concept launched in 2006, REDTAG is part of the holding company BMA International and currently has over 170 stores across the GCC with a projected annual growth rate of more than 20 percent. REDTAG offers a pleasant shopping experience for value-conscious customers with great variety, stringent product quality and availability. REDTAG, the value ...

  Read More »