May, 2018

• 6 May

  Shirt-ripping Air France workers tear up another CEO in conflict

  

  Bloomberg For a brief moment these past weeks, it appeared that France’s once-mighty unions had lost their clout. Rail workers, once synonymous with crippling strikes, staged a walkout that went largely unnoticed as travellers shrugged, turning to buses and ride-sharing instead. But over at Air France, that well-oiled worker conflict played out in a decidedly more retro fashion. On May ...

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• 6 May

  Nestle nears Starbucks store-products unit deal

  

  Bloomberg Nestle SA is close to a deal for parts of Starbucks Corp.’s business that sells coffee beans and drinks in supermarkets, according to a person familiar with the situation. An agreement was expected to be announced on Monday, according to the person, who didn’t want to be identified as it isn’t public yet. Terms were not immediately available. The ...

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• 6 May

  Bombardier gains from ‘land boom’ in $635mn deal

  

  Bloomberg Bombardier Inc.’s drive to bolster its cash reserves is getting a lift from the booming real-estate market in Canada’s biggest city. The maker of planes and trains agreed to sell its Downsview factory in Toronto to Canada’s Public Sector Pension Investment Board for about $635 million. The transaction is expected to close in the second quarter, increasing cash by ...

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• 6 May

  White House blasts China for its ‘censorship’ of US airlines

  Bloomberg The White House released a blistering statement attacking China’s government for a recent demand that US and other airlines change the way they refer to Taiwan, Hong Kong and Macau in promotional materials. “This is Orwellian nonsense and part of a growing trend by the Chinese Communist Party to impose its political views on American citizens and private companies,’’ ...

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• 6 May

  American Airlines drops two regional carriers

  

  Bloomberg American Airlines Group Inc. is cutting ties with two regional affiliates as it seeks to simplify its short-distance operations. The world’s largest carrier won’t renew contracts with ExpressJet and Trans States when they expire in 2019, according to a memo to reservations agents. Their flights will be shifted to other airlines and shouldn’t affect customers, the memo said. The ...

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• 6 May

  Estee Lauder CEO Freda says ‘sorry’ for deception over testing

  

  Bloomberg Estee Lauder Cos. Chief Executive Officer Fabrizio Freda apologized for false ad claims on certain cosmetics and said a comprehensive review is under way. “We recently learned that some testing related to certain products advertising claims had been intentionally altered for some time by a small group of employees,” Freda said on a conference call with analysts. “This clearly ...

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• 5 May

  UAE relief ship arrives in Yemen

  MUKALLA / WAM A UAE ship carrying medical supplies arrived in the Port of Mukalla, as part of the country’s efforts to support the health sector in the Yemeni Governorate of Shabwa. Ahmed Al Neyadi, Head of the Emirates Red Crescent Team in Hadramaut, said in a statement that the latest effort is part of a series of humanitarian operations ...

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• 5 May

  DIFC, Accenture sign fintech deal to foster innovation

  

  DUBAI / Emirates Business Dubai International Financial Centre (DIFC), the leading international financial hub in the Middle East, Africa and South Asia (MEASA) region, has signed a memorandum of understanding (MoU) with professional services company Accenture to foster innovation in the financial services industry globally. Under the MoU, FinTech Hive at DIFC — the first financial technology accelerator in the ...

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• 5 May

  UAE, Mexico to boost economic cooperation

  MEXICO CITY / WAM Ahmed Hatem Al Minhali, UAE Ambassador to Mexico, met on Saturday with Rogelio Garza Garza, Undersecretary of Industry & Commerce, at the Mexican Ministry of Economy. The meeting discussed bilateral relations and ways to enhance cooperation, particularly in economic fields. Also discussed isMexico’s participation in Expo 2020 Dubai.

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• 5 May

  Estonia to set up trade offices in UAE

  TALLINN / WAM Sultan bin Saeed Al Mansouri, Minister of Economy, met Juri Ratas, Prime Minister of Estonia, on Saturday and discussed ways to enhance bilateral cooperation. He also met Kadri Simson, Estonian Minister of Economic Affairs and Infrastructure. Al Mansouri is currently heading a high-level UAE business delegation on a visit to Estonia. During his meeting with the Estonian ...

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