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  Eric Mack SPECIAL TO EMIRATES BUSINESS Last year, a survey of 1,000 20-somethings worldwide found young adults most admire Nelson Mandela and Pope Francis among public figures. But the name coming in third on that list wasn’t Barack Obama or a historical figure like Gandhi, both of whom appear further down in the poll results. The man who ranks ...

  South Korea is faced with periodic environmental disasters in the form of pollution blowing from China. In the winter, the source is typically excessive burning of coal used in China for heating. In the spring, yellow dust from the deserts of northern China and Mongolia are blown across Northeast Asia, picking up soot and carcinogens from China-based industrial processes ...

  San Jose / Tribune News Service Two weeks before Air China would start whisking Bay Area travellers from Mineta San Jose International Airport to Shanghai, the airline unexpectedly pulled its plans to launch new service here. “We know at this time that Air China will not meet their proposed launch date of mid-June 2016,” said airport spokeswoman Rosemary Barnes. ...

  Oslo / AFP Irish no-frills airline Ryanair announced on Wednesday it will shut down one of its Norway bases, condemning to closure an airport in the Oslo region, in protest against a disputed new tax. “The Oslo base will close in October,” Ryanair’s chief commercial officer David O’Brien told reporters as an 80 Norwegian kroner ($10, nine-euro) passenger tax came ...

  Mumbai / Tribune News Service India’s domestic air traffic market grew the fastest in the world for the 13th consecutive month in April, the International Air Transport Association (IATA) said in its report. The market grew at nearly 22%, it said. “India’s domestic traffic soared 21.8%, marking the 20th month of double-digit traffic growth and the 13th consecutive month ...

London / AFP Britain’s historic menswear chain Austin Reed, whose suits were worn by Winston Churchill and The Beatles, said on Tuesday it will close 120 stores by the end of June as it winds down its operations. The company fell into administration last month and no viable offers were made for its purchase. Austin Reed’s administrators AlixPartners said: “We have ...

  Shanghai / Bloomberg With its ubiquitous Phantom drones, Chinese manufacturer SZ DJI Technology Co. brought aerial photography to millions. Now, with dozens of competitors biting at its heels, the world’s biggest producer of consumer drones needs to prove that its products are more than just glorified selfie sticks. “Right now, DJI is the king of the drones-are-cool market, they ...

  RITIKA SHARMA / Emirates Business As technology continues to change the way in which payments are made across the Middle East, improved application performance and flexibility are expected to play an important role in making the region’s digital economy mature. Experts at the Cards and Payments Middle East, and its co-located exhibitions — Retail Show Middle East 2016 and ...

  ABU DHABI / Emirates Business Etihad Airways, the national airline of the United Arab Emirates, invited more than 500 local and international suppliers, to a major conference in Abu Dhabi aimed at transforming the traditional buyer and supplier relationship. Hosted by the company’s Procurement and Supply Management team, the theme of the event was ‘Transformation’. The mandate set for ...

  Dubai / Emirates Business Investbridge Capital — an independent alternative asset management and advisory firm based in the Dubai International Financial Centre (DIFC) covering emerging growth markets — has announced that it arranged and advised on a cross-border US$25 million (AED 92 million) convertible loan by the International Financial Corporation (IFC) to Carbon Holdings. The latter is an Egyptian ...