February, 2016

• 28 February

  Berkshire gain climbs 32 percent ladder, marking record year

  

  Bloomberg Berkshire Hathaway Inc., the conglomerate controlled by billionaire Warren Buffett, said fourth-quarter profit climbed 32 percent on investments and earnings from the company’s expanding stable of operating businesses. Net income rose to $5.48 billion, or $3,333 a share, from $4.16 billion, or $2,529, a year earlier, the company said in a statement. Operating earnings, which exclude some investment results, ...

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• 28 February

  Canada should boost foreign investment in airlines, panel says

  

  Ottawa / Bloomberg Canada should increase foreign-ownership limits on airlines and allow private investment in airports to enhance competition in the country’s transportation industry, according to a government-funded study. Institutional and private-equity investors should also be allowed to buy stakes in the country’s marine ports, according to the Canada Transportation Act Review presented to Parliament in Ottawa. The broadest study ...

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• 28 February

  Gap’s shares fall in late trading on weak outlook

  NEW YORK / AP Gap’s shares took a hit in after-hours trading after the clothing chain offered a weak profit outlook. The outlook came as the San Francisco-based chain reported a 33 percent drop in fourth-quarter profits as business was hurt by a strong US dollar and strategic moves to turn around its ailing business. The results show the continued ...

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• 28 February

  American Airlines just ended the era of awful Gogo Wi-Fi

  

  Washington / Bloomberg The public spat between American Airlines Group Inc. and Gogo Inc., which provides the bulk of the carrier’s domestic inflight Wi-Fi, could be considered the final blow to ground-based internet access that has become another irritating part of the air-travel experience. It will take years for Gogo to install its backlog of orders for faster Internet service, ...

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• 28 February

  Untapped Pak skills get ‘e-windows’ to the world

  

  AFP In the Hindu Kush mountains, craftswomen who painstakingly stitch flowing scarves are skilled artisans who were unable to sell their products beyond the remote region until mobile internet came to Pakistan and dropped the market into the palms of millions of previously marginalised people. The women of northern Chitral are among the unlikely profiteers of an e-commerce boom since ...

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• 28 February

  Oz milk makes way to Chinese health food bandwagon

  

  AFP Asian consumers determined to improve their lifestyle are boosting the fortunes of Australian producers of premium baby milk formula, vitamins and honey, as the region’s burgeoning middle class jumps on the health food bandwagon. With their expanding wallets, middle class consumers are fuelling a sharp increase in sales of high-quality products from Down Under, sending the profits and share ...

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• 28 February

  Bridging the gap between payer and provider

  

  Sunaina Rana / EMIRATES BUSINESS Intercare Health Center (IHC) is a state-of-the-art health facility, offering the highest standards of healthcare and medical services. Located at Marina Village in Abu Dhabi, IHC is led by a team of experienced family medicine doctors who pride themselves on implementing a holistic model of practice, with a sheer focus on patient-centered care. Rasheed Tabari, CEO ...

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• 28 February

  Just Salad A doorway to healthy lifestyle

  

  Sunaina Rana / EMIRATES BUSINESS Just Salad is a fresh, eco-friendly salad brand committed to providing high quality, healthy food in a fast, fun and eco-friendly manner. The New York City-based concept is now available in Dubai and has developed a loyal clientele for its delicious array of chef-designed salad and wrap options, all-natural soups and its dedicated Just Smoothie ...

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• 27 February

  Dubai Free Zone Council discusses financial resources, amendments

  Dubai / Emirates Business His Highness Sheikh Ahmed bin Saeed Al Maktoum, Chairman of Dubai Free Zone (DFZ) Council, on Saturday chaired the second council meeting which was held at the Emirates Towers. The discussions revolved around the proposed amendments to the draft statute and the financial resources of the council. The meeting also discussed the work progress of strategy ...

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• 27 February

  G-20 seeks infra push for economy

  Beijing / Bloomberg Global finance chiefs are stepping up their call for development lenders such as the World Bank to help support economic growth by further opening the infrastructure taps. Multilateral development banks should present concrete actions by July, according to a draft of the communique for the Group of 20 meeting on Saturday in Shanghai. G-20 finance ministers and ...

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