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Dubai / Emirates Business Emirates will link Phnom Penh (PNH) and Bangkok (BKK) with its new daily service set to launch on June 1,. The service from Dubai to Phnom Penh, via Bangkok, will provide passengers travelling between the capital cities of Cambodia and Thailand with more flight options. Travellers from both Southeast Asian nations will also enjoy access to ...

Bloomberg Onex Corp., Canada’s largest publicly traded private equity firm, is planning a sale of Advanced Integration Technology that could fetch more than $1.5 billion, according to people with knowledge of the matter. Onex is working with advisers on an auction for the maker of manufacturing equipment for the aerospace industry, said the people, who asked not to be identified ...

Bloomberg Alibaba Group Holding Ltd. Vice Chairman Joseph Tsai said the e-commerce giant has experienced limited impact from China’s broader economic slowdown as more and more business moves to the internet. “Our business is delinked” from Chinese economy because “we’re in e-commerce and we’re digitizing the whole sector,” Tsai said in San Francisco. Tsai said the company’s growth would continue ...

Bloomberg Cole Haan’s most recent debt offering shows investors will still lend to at least some aging clothing brands. The footwear company is a bright spot in an industry that’s been marred by failures — Nine West is mired in bankruptcy while Payless is preparing to file for a second time. But Cole Haan, a brand that dates back to ...

Bloomberg Long simmering tension within Air France-KLM erupted into the open after managers at Dutch arm KLM warned of possible strikes and employee unrest should Pieter Elbers be removed as head of the unit. “The possibility of an unexplainable, involuntary departure of our CEO brings a lot of tension in the workforce,” a group of managers wrote in a letter ...

Bloomberg The Indian government’s $8.7 billion purchase of French warplanes was cheaper than a bid negotiated under the previous government, the country’s auditor said, potentially weakening an opposition campaign alleging corruption ahead of federal polls. Prime Minister Narendra Modi bought 36 Rafale fighters in 2015 from Dassault Aviation SA at 2.86 percent lower than the price negotiated by the former ...

Bloomberg Carlos Ghosn replaced his legal team in Tokyo as he prepares for a trial on the financial-misconduct allegations that have shocked the global car industry and kept the former Nissan Motor Co. chairman in jail for almost three months. Ghosn said on Wednesday he hired Junichiro Hironaka to be his new lawyer and help him with the “trial phase” ...

Bloomberg India billionaire Kumar Mangalam Birla’s Hindalco Industries Ltd. has gathered a consortium of Asian, US and European banks to fund its takeover of aluminum producer Aleris Corp. Novelis Inc., the US unit of Hindalco, has mandated a 20-strong bank group to arrange a $2.28 billion dual-tranche loan that will finance the purchase of US-based Aleris, according to people familiar ...

Bloomberg Reddit Inc. said that it raised $300 million from investors. It was one backer, in particular, that drew condemnation from members of Reddit’s online community. Chinese internet giant Tencent Holdings Ltd. was among the investors in the round, which values the link-sharing website at $3 billion. In the following days, users posted links to Reddit depicting imagery banned by ...

Bloomberg The yuan is entering a critical period after posting its second-best monthly advance ever, with analysts sounding caution as a new round of China-US trade talks gets underway. The Chinese currency could head to 7 per dollar if there’s a breakdown in the negotiations, while an agreement on no additional tariffs will send it on a sustained rally, Citigroup ...