April, 2019

• 22 April

  Emirates inks codeshare deal with India’s SpiceJet

  

  Dubai / Emirates Business Emirates and SpiceJet have signed a Memorandum of Understanding (MoU) to enter into a reciprocal codeshare agreement, which is set to open new routes and destinations for passengers travelling between India and popular destinations across Africa, America, Europe and the Middle East. Subject to necessary government approvals, the partnership will enable Emirates’ passengers to enjoy seamless ...

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• 22 April

  Airport Show to see 211 buyers from 30 nations

  

  Dubai / WAM The upcoming 19th edition of the world’s largest annual airport exhibition in Dubai, entitled Airport Show, will see a record participation of 211 buyers, reconfirming the exhibition’s strong position as an ultimate B2B event and reflecting the significant business opportunities available in the Middle East region. Held from April 29 to May 1 at the Dubai International ...

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• 22 April

  Tokyo’s prosecutors indict Carlos Ghosn on new charges

  

  Bloomberg Carlos Ghosn was indicted on new charges of misdirecting company money for his personal use, the most serious allegations yet against the former chairman who once led the alliance between Nissan Motor Co, Renault SA and Mitsubishi Motors Corp. Using foreign corporate entities in 2017 and 2018, Nissan lost $5 million that was funneled into accounts controlled by Ghosn, ...

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• 22 April

  China outlines new approval process for top games market

  

  Bloomberg Chinese regulators have sketched out new requirements for videogame approvals following a year of scrutiny, providing more clarity to Tencent Holdings Ltd and other players struggling with a crackdown in the world’s largest gaming market. The State Administration of Press, Publication, Radio, Film and Television issued notices that detailed the documentation and processes required to get games approved for ...

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• 22 April

  Singapore in talks with more electric car firms after Dyson

  

  Bloomberg Following Dyson’s plans late last year to manufacture its first electric car in Singapore, the city-state is now in talks with other makers of green vehicles to set up shop on the island. Singapore is pitching its connectivity to global markets through free-trade agreements, its high-skilled workforce and stringent protection of intellectual property, which is critical for the industry, ...

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• 22 April

  Tesla probing Shanghai car fire

  

  Bloomberg Tesla Inc said it’s looking into a fire in Shanghai involving one of its vehicles after a video of a car bursting into flames was circulated on social media in China. The US electric-car maker has sent a team to Shanghai and is in touch with local authorities, Tesla said on its official Sina Weibo account. As far as ...

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• 22 April

  Tokyo Century buys fifth of Yoma Strategic vehicle leasing business

  Bloomberg Tokyo Century Corp will buy a fifth of Yoma Strategic Holdings Ltd’s vehicle leasing business in a bid to expand in Myanmar and explore further collaboration with the Southeast Asian conglomerate. The Japanese leasing services firm will buy a 20 percent stake in Yoma Fleet via newly issued shares for $26.6 million, Yoma Group said in a statement. Myanmar’s ...

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• 22 April

  China’s green light on coal power won’t trigger new plant boom

  

  Bloomberg China’s green light to build more coal-fired power plants probably won’t usher in a flurry of new construction as most policies and investments in the top energy user will tilt towards renewable sources. More than 10 regions will be freed of their overcapacity tag in 2022, clearing a hurdle for them to resume building coal-fired plants. But many of ...

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• 22 April

  US opportunity zone rules seek more capital in distressed areas

  

  Bloomberg The Trump administration released rules for a tax break designed to encourage economic development in distressed areas throughout the US by making it easier to invest in businesses and real estate in low-income communities. Wall Street banks, private equity firms, real estate developers and others have been eagerly awaiting the regulations, which the administration said will spur $100 billion ...

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• 22 April

  Blackstone to become corporation as company assets top $500 billion

  

  Bloomberg Blackstone Group LP plans to convert to a corporation from a publicly traded partnership, a step that opens up the stock for inclusion in indexes, after watching two rivals benefit from the move. The shares jumped in early trading. Changing company’s structure will increase the firm’s “ability to reach a dramatically larger audience,” Chief Executive Officer Stephen Schwarzman, said ...

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