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Bloomberg After at least a decade of preparations, coal-reliant Poland may be one step away from embarking on its biggest power project ever, with talks on securing the $60 billion in financing entering the final stretch. The country is seeking a foreign investor for a 49% stake in the company that will be responsible for building and operating six reactors, ...

Bloomberg Snacks chain Best Mart 360 Holdings Ltd has seen revenue drop by double digits as its stores come under attack by radical Hong Kong protesters in the ongoing anti-Beijing movement that’s gripped the city. As protests become increasingly violent, more than 70 of its 102 stores have been vandalised in over 180 instances, chairman Lin Tsz Fung said in ...

Bloomberg Indian low-cost carrier SpiceJet Ltd is in talks with Boeing Co to buy more 737 Max aircraft to feed its expansion plans, a deal that could mark a Dubai Airshow coup for the grounded narrow-body. A sales lull for the Max, idled globally since March, allows SpiceJet to acquire planes at a lower cost, Chairman Ajay Singh said in ...

Bloomberg The Latin America aviation market will more than double in 20 years as Brazil’s economy recovers and discount carriers boost demand, driving a need for 2,960 new planes, according to Boeing Co. “Low-cost carriers have really been the engine of growth in Latin America,” Darren Hulst, Boeing’s managing director for market analysis & sales support, said in Sao Paulo. ...

Bloomberg Airbus SE Chief Executive Officer Guillaume Faury said the latest Brexit deal between Britain and European Union should pave the way for the aerospace giant to carry on making plane wings in the UK. The British division, which employs 14,000 people and supports 110,000 supplier jobs, is “very competitive” and will remain a focus for wing production so long ...

Bloomberg QSR Brands (M) Holdings Bhd’s owners are considering a sale of the fast-food operator, which runs KFC and Pizza Hut restaurants in Southeast Asia, after shelving an initial public offering earlier this year, people with knowledge of the matter said. The Malaysian company’s major shareholders, which include private equity firm CVC Capital Partners, are working with an adviser to ...

Bloomberg Qantas Airways Ltd denied that one of its flight attendants discriminated against will.i.am after the co-founder of the Black Eyed Peas tweeted his grievances over an incident involving his laptop. The seven-time Grammy winner tweeted that a flight attendant called the police on him for not stowing away his laptop during a flight to Sydney from Brisbane. The artist, ...

Bloomberg Saudi Arabia put a valuation on state-owned oil giant Aramco of between $1.6 trillion and $1.71 trillion. Aramco will sell 1.5% of its shares on the local stock exchange, the Tadawul. At the lower end of the price range, the offer would fall short of a record, coming in just below the $25 billion raised Alibaba Group Holding Ltd.’s ...

ABU DHABI / WAM The United Arab Emirates is the sixth largest source of the Foreign Direct Investment (FDI), inflows to Sri Lanka, and its largest trading partner in the Middle East with bilateral trade representing more than half of the country’s total trade with the region, a top Sri Lankan official told the Emirates News Agency (WAM). There was ...

AL AIN / WAM Strata Manufacturing, the advanced composite aero-structures manufacturing facility wholly-owned by Mubadala Investment Company, successfully delivered its first shipset of Empennage Ribs for the 777X, the world’s largest and most efficient twin-engine jet produced by Boeing. The announcement, made during Dubai Airshow 2019, follows the landmark agreement between the two companies signed during Abu Dhabi Global Aerospace ...