Afghan warlord calls for peace

  Kabul / AFP Notorious Afghan warlord Gulbuddin Hekmatyar called for peace as he appeared by video to sign a deal with President Ashraf Ghani on Thursday, marking a symbolic victory in Kabul’s struggle to revive talks with the Taliban. The deal paves the way for Hekmatyar, who heads the now largely dormant Hezb-i-Islami militant group but has been in ...

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Sudan used deadly chemical attacks in Darfur: Amnesty

  United Nations / AFP Rights group Amnesty International on Thursday accused Sudanese government forces of killing scores of civilians, including many children, in suspected chemical weapons attacks in a mountainous area of war-torn Darfur. More than 30 such attacks are believed to have been carried out on several villages as part of a massive military campaign against rebels in Darfur’s ...

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British Airways forms joint biz with investor Qatar Air

  Bloomberg British Airways parent IAG SA and its largest shareholder Qatar Airways agreed to set up a joint business that will see them code-share on flights linking dozens of destinations while operating a joint timetable and sharing revenue and costs on services between London and Doha. The deal, which comes into effect on Oct. 30, will see British Airways ...

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Japan’s new passenger plane completes flight

  Bloomberg Mitsubishi Aircraft Corp., the builder of Japan’s first domestically made passenger jet, said its first test aircraft arrived in the US after two aborted attempts last month, ready to start certification testing. The plane arrived at Grant County International Airport at Moses Lake, Washington, at 5:44 p.m. local time from Anchorage, said Reiko Iechika, a spokeswoman for the ...

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‘Brexit set to weigh on profit for four years’

  Bloomberg Ryanair Holdings Plc Chief Executive Officer Michael O’Leary said the fallout from Britain’s decision to quit the European Union will weigh on the discount carrier’s profit for as long as four years. The process of the UK negotiating its way out of the bloc, which could take two to four years, is set to depress yields, a measure ...

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Air Berlin to halve airline fleet

  AFP Air Berlin Plc announced the most sweeping job cuts in almost 40 years of flying in a bid to rescue its ailing business, slashing its fleet by half as 40 jets are leased to arch-rival Deutsche Lufthansa AG and 35 others are deposited in a new tourism arm with an uncertain future. About 1,200 of 8,650 staff may ...

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C Series engine issues slowing Bombardier momentum: CEO

  Bloomberg Bombardier Inc. Chief Executive Officer Alain Bellemare said the marketing of the company’s marquee aircraft has been hurt by delays caused by engine supplier Pratt & Whitney. The planemaker reduced its forecast for deliveries of the C Series jetliner on Sept. 6, citing the issues at Pratt. Seven of the new aircraft are now slated to be handed ...

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Deutsche Bank to double ‘digital factory’ staff to 800

  Bloomberg Deutsche Bank AG plans to double the product development team at its “Digital Factory” fintech center in Frankfurt to 800 workers by 2018 and struck a partnership with the Massachusetts Institute of Technology to foster new ideas. The lender is introducing smartphone and web-banking facilities this year and early next year including mobile payments, a financial planner and ...

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Wells Fargo CEO denied $41mn in compensation

  AFP Wells Fargo CEO John Stumpf will forgo $41 million in compensation, the bank’s board of directors announced, as punishment for a bogus accounts scandal that has rocked the company. The bank has already apologized and said it fired 5,300 employees tied to the illegal conduct, which saw employees boost sales figures by opening unauthorized deposit and credit accounts ...

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China money rate rises to 14-month high

  AFP China’s benchmark money-market rate climbed to a 14-month high as the central bank pulled funds from the financial system and commercial lenders stocked up on cash to meet quarter-end requirements. The seven-day repurchase rate, the benchmark gauge of funding availability in the financial system, rose 12 basis points to 2.75 percent as of 5:07 p.m. in Shanghai. That’s ...

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