July, 2016

• 17 July

  Pakistani star’s brother ‘not embarrassed’ by killing her

  

    Multan / AFP The brother of a murdered Pakistani celebrity said Sunday he is “not embarrassed” to have killed her, as Qandeel Baloch’s death reignited polarising calls for action against the “epidemic” of honour killings. The strangling of Baloch, judged as infamous by many in deeply conservative Muslim Pakistan for selfies and videos that by Western standards would appear ...

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• 17 July

  Mideast stocks shrug off Turkey coup as Almarai rises on profit

  

    Bloomberg Most Gulf stock indexes rose, even after an attempted coup in Turkey that began on Friday rattled global markets. Saudi Arabia’s Almarai Co., the region’s largest publicly-traded packaged-food manufacturer, climbed as much as 5.5 percent before closing 2.3 percent higher as it posted a 19 percent increase in second-quarter profit. It was the third-biggest contributor to the Tadawul ...

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• 17 July

  Colombian strike sends arabica-robusta spread to 17-month high

  

    Bloomberg A trucker’s strike delaying coffee exports from Colombia and the stronger Brazilian real have widened the price gap between arabica and robusta beans to the most in 17 months. Shipments from Colombia, the second-largest producer of arabica, may fall 50 percent this month as truckers block roads and prevent beans from reaching the ports, said Carlos Ignacio Rojas, ...

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• 17 July

  Turkey moves to calm investors after quashing coup attempt

  

    BLOOMBERG The Turkish government moved swiftly to calm investors before financial markets reopen on Monday after a failed coup, with the central bank promising unlimited liquidity to lenders and the deputy prime minister posting on Twitter that there’s “no need to worry.” Turkey’s lira plunged the most against the dollar in eight years on Friday as tanks rolled through ...

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• 17 July

  World touring solar plane’s final leg to UAE delayed

  

    Cairo / AFP The final leg of an unprecedented world tour by a solar-powered plane was postponed due to the pilot’s health, he said in a message on Twitter. The Solar Impulse 2 had been scheduled to leave Cairo for Abu Dhabi. “I’m sick. Stomach upset. I prefer to postpone the take-off @solarimpulse. I cannot go flying for 48 ...

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• 17 July

  SpaceX to launch key ‘parking spot’ to space station

  

    Miami / AFP SpaceX is poised to launch its unmanned Dragon cargo capsule to the International Space Station on Monday, carrying a key piece of equipment that was lost last year in a rocket explosion. The international docking adapter will function as a parking spot for space taxis, enabling commercial spaceships carrying astronauts to latch on securely to the orbiting ...

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• 17 July

  US economy looks resilient as retailers, industry surge

  

    Washington / AP Americans spent more money at retailers and factories revved up production in June, offering encouraging signs of the US economy’s resilience in the face of global headwinds. Industrial production shot up 0.6 percent, fuelled by a big rebound in auto output. It was the best showing since last August. Meanwhile, retail sales also rose 0.6 percent last ...

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• 17 July

  Chicago airport plans more amenities

    CHICAGO / AP Chicago is planning a multibillion dollar effort to expand the city’s O’Hare International Airport that includes more gates, larger terminals and upgraded amenities. Mayor Rahm Emanuel announced the latest modernisation plans this week. They include new gates in O’Hare’s international terminal, which has not been expanded since it opened 23 years ago. The planning process is expected ...

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• 17 July

  Casino revenue advances at top pace in Brazil

  Bloomberg Casino Guichard-Perrachon SA, the French grocery retailer targeted by short seller Carson Block, reported second-quarter revenue that beat analysts’ estimates as Brazilian shoppers switched to its cheaper Assai cash & carry stores. Sales totalled 9.97 billion euros ($11 billion), rising 3.8 percent on an organic basis, the fastest pace in two years, Saint-Etienne-based Casino said in a statement. Analysts ...

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• 17 July

  Welcome to the elegant atelier

  

    SUNAINA RANA / Emirates Business As Fashion industry is evolving in the region, the spectrum of gorgeous has been witnessed reaching another level. The brand Nabrman, which was established in 2008, has already emerged as one of the most desired Abaya brands in the region, with an ever increasing following of trendy and stylish women. Nabrman is largely influenced by ...

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