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Bloomberg Binance Holdings Ltd, operator of one of the world’s largest crypto exchanges, has applied for an operating license in Singapore under the government’s new payments legislation. “We have already applied,” Binance co-founder and CEO “CZ” Zhao Changpeng said in a phone interview. “We submitted the application pretty fast. Binance’s Singapore entity has been in close touch with the local ...

Bloomberg With just one business left, Bombardier Inc has officially declared its selling spree over. The Montreal-based company, which once made everything from snowmobiles to commercial aircraft, will focus solely on corporate jets following its announcement of two separate deals to sell off parts of its business in less than a week. And with the proceeds earmarked towards reducing a ...

Bloomberg Vietnam’s Bamboo Airways expects to buy 12 Boeing Co. 777X jumbo jets in the second quarter, according to chairman Trinh Van Quyet, in what would be a multi-billion-dollar boost for the US planemaker after it failed to win a single order for any of its aircraft in January. A deal that size would be valued at almost $5 billion ...

Bloomberg Singapore Airlines Ltd will cut more flights across its global network through May as the outbreak of the novel coronavirus discourages people from travelling. The carrier and its SilkAir unit will reduce flights to cities including New York, London, Frankfurt, Tokyo and Sydney, according to a statement on its website on Tuesday. The company warned that it faces “significant” ...

Bloomberg China’s aviation market, projected to overtake the US this decade and become the world’s biggest, has shrunk to such an extent due to the coronavirus outbreak that it’s fallen from third to 25th, behind Portugal. Airlines have slashed capacity because of the epidemic centred in Hubei province, leaving the industry reeling. About 1.7 million seats — almost 80% of ...

Bloomberg Carrefour SA’s Brazil unit rallied as investors cheered the French retailer’s move to accelerate the expansion of its cash-and-carry business in Latin America’s largest economy. Shares of Atacadao SA rose as much as 6.2% in Sao Paulo on February 17, the most in more than two months, after it agreed to buy 30 cash-and-carry stores and 14 gas stations ...

Bloomberg Packaged-foods maker Conagra Brands Inc cut its sales and earnings forecast, blaming a slowdown at restaurants over the holiday season and subsequent weakness at retailers in January. The Chicago-based company now anticipates organic sales to be flat or to grow only 0.5% in the fiscal year that ends in three months, a reduction from its prior growth forecast of ...

Abu Dhabi / WAM The Federal Authority for Nuclear Regulation (FANR), the UAE’s independent nuclear regulator, on Monday announced it has granted Nawah Energy Company the operating licence for Unit 1 of the Barakah Nuclear Power Plant, making the UAE the first country in the Arab region to operate a nuclear power plant. In a press conference in Abu Dhabi, ...

DUBAI / WAM Figures released by Dubai Customs showed a three percent growth in Dubai’s external trade in foodstuff in 2019, reaching AED86.2 billion compared to AED84 billion in 2018. According to the customs authority, which revealed the figures during the Gulfood 2020 Exhibition currently taking place in Dubai, exports totalled AED16.94 billion, a growth of 15.3 percent, compared to ...

DUBAI / WAM Agthia Group, a regional food and beverages company, on Monday announced the launch of the ‘Al Ain Plant Bottle’, the region’s first plant-based water bottle. The packaging of the new bottle is environmentally friendly and made from 100 percent plant-based sources, including the cap. The water bottle serves a growing consumer move towards sustainability, as it is ...