June, 2016

• 14 June

  EU court backs UK’s migrant child benefit limits

  

    Brussels / AFP The EU’s top court on Tuesday backed Britain’s right to limit child benefits to European migrants, a hot-button issue in Britain’s referendum on its future in the European Union next week. The decision comes as a series of opinion polls show a growing lead for the campaign for a “Brexit,” despite Prime Minister David Cameron’s appeals ...

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• 14 June

  China gives hero’s funeral to UN peacekeeper killed in Mali

    BAMAKO / AP A Chinese peacekeeper killed while serving with the UN mission in Mali has been given a hero’s funeral in his home province. The ashes of 29-year-old first sergeant Shen Liangliang were interred on Tuesday in a cemetery for national heroes in his native Henan. State media reports said thousands of people lined the streets along the ...

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• 14 June

  Lufthansa monitors Nigeria as country owes $600mn in fares

  

    Berlin / Bloomberg Deutsche Lufthansa AG is closely monitoring its flights to Nigeria as the aviation industry awaits payment of about $600 million in outstanding air fares in the country, which is struggling to cope with depleted U.S. currency reserves. The German carrier has made “minor adjustments” to winter flights to Africa’s biggest economy, Claus Becker, managing director for ...

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• 14 June

  S African Airways subsidises low-cost Mango Airlines

  

    Pretoria / Bloomberg South African Airways SOC Ltd. said the airline subsidized its low-cost entity Mango Airlines by sub-leasing planes at a discount to market value, a move that may have given the carrier an advantage in the country’s highly competitive budget market. The state-owned carrier sub-leased Mango all 10 of its aircraft “at a significantly discounted cost” while ...

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• 14 June

  King Power buys $225mn stake in Air Asia

  

    Bangkok / AFP King Power, the Thai duty-free conglomerate behind the remarkable rise of English football champions Leicester City, said on Tuesday it had bought a $225 million stake in Thai Air Asia, the country’s largest budget airline. The purchase allows King Power’s billionaire owner Vichai Srivaddhanaprabha to further tap into Thailand’s booming tourism industry and expand beyond his ...

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• 14 June

  Qantas may be target for Chinese Airlines

    Sydney / Bloomberg Qantas Airways Ltd. could be China’s next investment target after conglomerates from the country bought stakes in the Australian carrier’s closest domestic rival, Credit Suisse Group AG said. Separate investments in Virgin Australia Holdings Ltd. by HNA Group and Nanshan Group in the past two weeks have put around one third of the airline in Chinese ...

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• 14 June

  Disney works its magic on new Shanghai theme park

  

    Shanghai / AFP The Magic Kingdom comes to the Middle Kingdom this week when Disney opens its first theme park in mainland China, betting the growing middle class will spend big on leisure despite a slowing economy. The $5.5 billion resort, which opens on Thursday, features the world’s biggest Disney castle, its blue-topped spires rising above land once occupied by ...

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• 14 June

  Hospitality with ‘vibrant simplicity’

  

    Our Correspondent / Emirates Business Citymax Hotels is part of the hospitality division of Landmark Group, with six hotels located in prime locations in Al Barsha, Business Bay, Bur Dubai, Sharjah and Ras Al Khaimah. The mid-market group of hotels is a much favoured and popular choice offering award-winning hospitality at extraordinary value. Located in close proximity to major ...

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• 14 June

  Offering high-performance and reliable instruments

  

    Our Correspondent EMIRATES BUSINESS A specialist of technical watches, Breitling has played a crucial role in the development of the wrist chronograph and is a leader in this complication. The firm has shared all the finest moments in the conquest of the skies thanks to its sturdy, reliable and high-performance instruments. One of the world’s only major watch brands ...

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• 14 June

  UK moves closer to Brexit as The Sun backs ‘Leave’ vote

  

    Bloomberg Britain appeared to be on course to leave the EU, with four polls from three companies putting the ‘Leave’ campaign ahead of ‘Remain.’ The pound and European stocks plunged on Tuesday with just nine days of campaigning left before the June 23 referendum. After a series of new polls on Monday put “Leave” ahead, the day’s final blow ...

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