Emirates Business Etihad Airways, the global airline partner of 15 Taste Festivals across the world, is bringing world-class chefs to ‘Taste of Abu Dhabi’ to compete in the final ‘Taste the World’ competition, from November 10-12. The 10 renowned chefs taking part in the event will compete to reveal who amongst them epitomises Etihad Airways’ food philosophy, which aims ...
Read More »Qatar Airways may finalize Meridiana deal by January
Bloomberg Qatar Airways expects to finalize plans to buy a 49 percent stake in Meridiana Fly SpA by the end of January, which would end a long spat with unions over job cuts at the ailing Italian carrier. Completion of the deal, which was agreed in July, depends on Meridiana meeting certain unspecified conditions, Qatar Airways Chief Executive Officer ...
Read More »Boeing’s retiring boomers underscore US manufacturing plight
Bloomberg John Rothery said his goodbyes, handed in his badge and walked away from Boeing Co. He had worked on almost every commercial jet model over four decades, from a 707 bristling with military radar in the late 1970s to today’s sleek 787 Dreamliner. The date, October 3, had been circled on Rothery’s calendar for more than a year. ...
Read More »HSBC shares rally on profit results after cost-cutting drive
Hong Kong / AFP HSBC shares rallied on Monday in a positive response to quarterly profit results after the British banking giant underwent a radical cost-cutting exercise. In the three months to September its adjusted pre-tax profit — which strips out one-off items and unfavourable currency movements — rose seven percent from a year earlier to $5.59 billion, beating ...
Read More »Tesco Bank halts web trades
Bloomberg Tesco Bank, the lending arm of the UK’s biggest grocer, said it suspended online transactions after about 20,000 customers had money fraudulently taken from their accounts. About 40,000 of the bank’s 136,000 checking account holders experienced suspicious transactions over the weekend, Tesco Bank Chief Executive Officer Benny Higgins told BBC Radio 4’s Today program. About half of those ...
Read More »Westpac Bank annual net profit slides 7 percent
Sydney / AFP Australian banking giant Westpac posted a seven percent slide in annual net profit on Monday on the back of market headwinds and impairment charges but said it was well positioned with a strong balance sheet. Westpac’s Aus$7.45 billion (US$5.72 billion) result in the year to September 30 rounded out annual reporting from three of the nation’s ...
Read More »Japan’s SoftBank half-year net profit soars 80%
TOKYO / AP Japanese telecommunications and internet company SoftBank Group Corp., which has acquired British chipmaker ARM Holdings for about $30 billion, reported on Monday that its July-September profit more than doubled from the same period the previous year. Tokyo-based Softbank’s fiscal second quarter profit totaled 528.6 billion yen ($5.1 billion), up from 258.6 billion yen last year, boosted ...
Read More »Deutsche to sell Postbank to shore up capital
Bloomberg Deutsche Bank AG, seeking to shore up capital, has said it wants to sell or spin off German retail-banking unit Postbank. Standing in the way: bonds known as CoCos. Blame it on conflicting accounting rules. While Deutsche Bank has taken a multi-billion-euro writedown for Postbank in accounts based on international standards, it hasn’t done so on its income ...
Read More »Quake near US oil hub prompts infrastructure concerns
CUSHING / AP A magnitude 5.0 earthquake centered near one of the world’s key oil hubs brought down building facades and shattered windows in a central Oklahoma city, rendering century-old buildings unsafe and raising concerns about key infrastructure. Cushing Assistant City Manager Jeremy Frazier told a news conference late on Sunday that a few minor injuries were reported. He ...
Read More »Vietnam, Ireland agree coop on education, energy
HANOI / AP Vietnam and Ireland agreed on Monday to increase their cooperation in education, renewable energy, information technology and health care, during a visit to the Southeast Asian country by Irish President Michael Higgins. Higgins said he and Vietnamese President Tran Dai Quang discussed how the two countries can serve as a bridge for developing relations with the ...
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