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Bloomberg China’s retail sales over the Spring Festival holiday rose 11.2 percent from the same vacation period a year earlier, with cinemas posting sharp increases in box- office sales, the country’s Ministry of Commerce said in a statement Saturday. Retail sales and restaurant receipts in the world’s second- largest economy totaled about 754 billion yuan ($115 billion) in the week-long ...

SINGAPORE /Bloomberg Airlines in Southeast Asia may need to push back delivery of aircraft after a decade of economic growth and optimism about a surge in air travel prompted them to order hundreds of jets from Airbus Group SE and Boeing Co. Carriers in the region that includes Indonesia and Malaysia are now confronted with challenges such as overcapacity and ...

HAVANA / AP The United States and Cuba will sign an agreement next week to resume commercial air traffic for the first time in five decades, starting the clock on dozens of new flights operating daily by next fall, US officials said. US Transportation Secretary Anthony Foxx is scheduled to fly to Havana on Tuesday to cement the deal. Barring ...

AMULREE / AFP Tam O’Braan has had several lives. Having been a soldier, an agronomist and an entrepreneur, he now grows tea in the foothills of the Scottish Highlands, and is the envy of those who once called him crazy. Four years since he began growing tea at Dalreoch, a former sheep farm close to the small Scottish village of ...

Seoul / AFP As the mercury outside plunges to minus 10 degrees on an ice-cold Monday afternoon, the dance floor inside the Kukilgwan Palace is packed with grey-haired Korean couples moving to the rhythms of high-volume disco. “I come here every day of the week, except for Saturday and Sunday,” said 81-year-old Jun Il-Taek as he danced beneath the giant ...

Our Correspondent EMIRATES BUSINESS Aghareed is the world’s first and only full wedding concierge to bring every detail, decision and service to one venue for both packaged and bespoke wedding experiences. The professional assistance starts with the early planning of the proposal, continues through to the ceremony and carries on into the honeymoon. The service caters to the robust wedding ...

Our Correspondent / Emirates Business Marka is the UAE’s first publicly traded retail operator focusing exclusively on the Fashion, Hospitality and Sports segments. Founded in 2014 and listed on the Dubai Financial Market, Marka PJSC, is a world-class company headquartered in Dubai. Their mission is to enhance the retail experience of customers by operating exciting and unique fashion, hospitality and ...

Bloomberg Russian Prime Minister Dmitry Medvedev said his country is in a new cold war with the US and its allies, while NATO’s chief said Russia is using its nuclear arsenal to intimidate Europe. The clash, with echoes of superpower rhetoric during the 20th century, played out at the Munich Security Conference on Saturday even as Russia, Europe and the ...

Abu Dhabi / WAM The Abu Dhabi General Service Company (Musanada) has announced that the construction of AED2.1 billion new highway linking Abu Dhabi and Dubai is 70 percent complete. The road, spanning from Seih Shuaib to Sweihan Interchange, is expected to be completed by the end of this year, according to Musanada. Eng. Faisal Ahmed Al Suwaidi, Director-General of ...

Dubai / WAM Mohammad Abdulla Al Gergawi, Chairman of Dubai Holding announced on Saturday the preliminary unaudited financial results of its business group, Dubai Holding Commercial Operations Group (‘DHCOG’), for the year ended 31 December 2015. DHCOG continued to see good operational progress with all businesses performing well and contributing to Group profitability. Net profit increased to AED 5.83 billion, ...