September, 2016

• 4 September

  DCCA signs MoU with DHCA to offer best healthcare

    Abu Dhabi / WAM Dubai Creative Clusters Authority (DCCA) signed a partnership agreement with Dubai Healthcare City Authority (DHCA) to provide the best healthcare facilities across its ten free zones. Ahmad bin Byat, Director-General of DCCA, and Dr. Raja Easa Al Gurg, Vice-Chairperson and Group CEO of DHCA, signed the agreement, which is aimed at defining cooperation mechanisms to enable healthcare ...

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• 4 September

  China Southern reports $225mn loss

  

    Bloomberg China Southern Airlines Co., Asia’s biggest by passengers, said its profits were dented by the yuan’s depreciation while two of the country’s largest private carriers reported an increase in earnings amid a surge in travel. China Southern also said it will consider breaking away from a decade-old policy of not hedging for fuel to revive earnings as nimbler ...

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• 4 September

  M&S retreat from abroad can include a domestic clearout

  

    Bloomberg For Marks & Spencer, abandoning Europe is back in fashion. Investors should be grateful, but really, they should look to clean up the domestic closet as well. In 2001, when then-executive chairman Luc Vandevelde pledged to revive the retail chain’s domestic performance, he abandoned its foray onto the continent. Today, battling nimbler rivals on its home turf, new ...

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• 4 September

  American deal removes hurdle to Republic’s bankruptcy exit

  

    Bloomberg Republic Airways Holdings Inc. reached a deal to continue providing regional flights for its largest customer, completing its third pact with the biggest US carriers and removing an obstacle on the path to exiting bankruptcy. The agreement with American Airlines Group Inc. is critical because the world’s largest carrier accounts for about half of Republic’s revenue, the bankrupt ...

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• 4 September

  Air France-KLM to transform airline

  Bloomberg Air France-KLM Group will overhaul its restructuring efforts, moving away from the previous chief executive’s strategy that strained relations with pilots, to a more conciliatory approach called “Trust Together,” reports said. Jean-Marc Janaillac, who became CEO in July, will unveil the program in November that seeks to lower costs as well as rebuild trust between management and labor, and ...

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• 4 September

  Cathay Pacific is world’s least-favourite airline stock

  

    Bloomberg Cathay Pacific Airways Ltd. has collected an unwanted title. Equity strategists have less enthusiasm for the carrier than any other member of the Bloomberg World Airlines Index, according to a ranking of analyst ratings. Cathay shares have tumbled 11 percent this month, falling to a record low versus Hong Kong’s Hang Seng Index on August 22, as brokerages ...

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• 4 September

  May warns of ‘difficult times’ as UK prepares to leave EU

  

    AP British Prime Minister Theresa May has warned that Britain faces some “difficult times” as it prepares to leave the European Union following the June referendum. She told the Andrew Marr Show in an interview that not all would be “plain sailing” as Britain withdraws from the 28-nation bloc. She said in her first extended interview since taking office ...

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• 4 September

  EU chief opposes UK trade talks pre-Brexit

  

  AFP European Commission chief Jean-Claude Juncker said on Sunday he opposes trade negotiations between Britain and other economies while it remains part of the European Union, as Australia prepares for talks on the issue with London. In the wake of its vote to leave the European Union, Britain must renegotiate its access to the markets of the rest of the ...

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• 4 September

  Apple tax ruling not against USA: Juncker

    AFP European authorities’ decision to slap Apple with a huge bill for back taxes was not a decision “against the United States”, European Commission chief Jean-Claude Juncker said on Sunday as world leaders gathered in China for a major economic summit. The 13-billion-euro demand for payment from the American electronics giant has raised hackles in the US, with the ...

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• 4 September

  HPE to sell $10bn software business

    AFP Hewlett-Packard Enterprise is looking to sell its software division, perhaps for as much as $10 billion, according to media reports that cited sources close to the matter. The move would include HPE shedding the operations of Autonomy Corp, a British software firm bought five years ago in an $11 billion deal that has since been branded a business ...

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