March, 2017

• 9 March

  Top UN court dismisses Bosnian appeal against Serbia

    SARAJEVO / AFP The United Nations’ top court has dismissed a request by Bosnia to reconsider its 2007 ruling that cleared Serbia of blame for genocide during the 1992-95 Bosnian war. The International Court of Justice informed Bosnia’s tripartite presidency on Thursday that it could not allow the appeal of its ruling because the request to do so was ...

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• 9 March

  Kremlin denies violating N-arms pact with US

  

    MOSCOW / AFP The Kremlin on Thursday rejected US claims of Russian violations of a landmark nuclear arms treaty, saying it has respected the pact and will continue to do so. The controversy over the 1987 Intermediate-range Nuclear Forces Treaty adds another thorn in the side for US President Donald Trump’s declared goal of improving ties with Moscow, coming at ...

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• 9 March

  Putin hosts Netanyahu for talks set to focus on Syria

    MOSCOW / AFP Russian President Vladimir Putin hosted Israeli Prime Minister Benjamin Netanyahu on Thursday for talks focusing on the situation in Syria and Israeli concerns about the role of Iran and its proxies there. Greeting Netanyahu at the start of their Kremlin negotiations, Putin emphasized a high level of trust between them. Netanyahu’s visit to Moscow follows his talks ...

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• 9 March

  Qatar Airways plans to establish Indian carrier with 100 planes

  

    Bloomberg Qatar Airways Ltd. plans to set up a short-haul airline in India with a fleet of 100 narrow-body planes, renewing a push to gain a bigger share of one of the world’s fastest-growing travel markets. The Gulf carrier will make an application to the Indian authorities “soon,” Chief Executive Officer Akbar Al Baker said at the ITB Berlin ...

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• 9 March

  Hugo Boss sees chance of returning to profit growth

  

    Bloomberg Hugo Boss AG, the ailing German clothier, said earnings may rise in 2017 as its turnaround takes shape after profit plummeted on weak sales in China and the US last year. Adjusted operating profit will rise or fall as much as 3 percent this year, the company said in a statement on Thursday. The company said it’s cutting ...

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• 9 March

  Emirates airlines concerned about latest US travel order

    BERLIN / Reuters Emirates, the world’s largest long-haul carrier, said on Thursday it was concerned President Donald Trump’s latest travel order will still deter Muslim visitors to America, after booking rates on U.S. flights fell 35 percent following January’s ban. Trump signed a new executive order on Monday, which takes effect on March 16, keeping a 90-day ban on ...

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• 9 March

  Inmarsat to provide in-flight internet access on 300 BA planes

  

    Bloomberg Inmarsat Plc, the UK satellite operator, rose the most in four months after finalizing a contract with British Airways (BA) owner IAG SA to provide in-flight internet access on over 300 planes. The order strengthens Inmarsat’s joint push with Deutsche Telekom AG to provide web access on aircraft using satellites and the German phone company’s towers. The service ...

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• 9 March

  Air France-KLM, BA may face multi-million EU antitrust fines

    Bloomberg Air France-KLM Group, British Airways and a handful of other carriers may face multimillion-euro antitrust fines from European Union regulators within weeks after attempts to broker a settlement failed, according to people familiar with the case. EU Competition Commissioner Margrethe Vestager is seeking to re-impose penalties of almost 800 million euros ($844 million) for a cargo cartel that ...

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• 9 March

  Starbucks loses market share

    Bloomberg Starbucks Corp., facing heavy competition, mobile-ordering hiccups and even boycott threats, has been losing U.S. customers to rivals this winter. In February, the company ceded market share to other chains, according to data from xAd Inc., a research firm that uses location signals from mobile phones to measure customer traffic. Starbucks’ share declined to 11 percent among the ...

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• 9 March

  Shell cuts debt with $7.25bn sale of Canada oil sands

  

    Bloomberg Royal Dutch Shell Plc will sell almost all of its production assets in Canada’s oil sands in a $7.25 billion deal that cuts debt and reduces involvement in one of the most environmentally damaging forms of fossil-fuel extraction. All of the company’s oil-sands interests apart from a 10 percent stake in the Athabasca mining project will be sold ...

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