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TAIPEI / AP Armed Kenyan guards used tear gas to dislodge a group of Taiwanese citizens from a detention center and force them to board a flight to China, a top Taiwanese diplomat said on Tuesday, amid a complicated diplomatic tussle that threatens to cause further rifts between Taipei and Beijing. Director General of the Foreign Ministry’s Department of West ...

Brasília / AFP Brazilian President Dilma Rousseff’s fate rested on Tuesday on the loyalties of the last 100 or so congressional deputies yet to declare how they will vote in a looming impeachment showdown. In a ruthless and complex contest, supporters and opponents of Brazil’s first female president raced to amass the magic number that will make history when the ...

Kiev / AFP Ukraine’s parliament was weighing on Tuesday whether to approve the resignation of embattled Prime Minister Arseniy Yatsenyuk as furious backroom talks raged about the makeup of a new pro-EU government. The volatile political situation in the former Soviet republic took a new twist when the man tipped to replace Yatsenyuk—condemned by President Petro Poroshenko for losing the ...

LONDON / Reuters British online fashion retailer ASOS met forecasts with an 18 percent rise in first-half profit and said it was on track to achieve its sales and margin guidance for the full year. Established in 2000 for fashion-conscious twenty somethings, ASOS was an early ecommerce success story, but is seeing growing competition from the likes of Germany’s Zalando ...

Reuters French retailer Groupe Fnac on Tuesday urged shareholders of takeover target Darty to take no action after South African retail conglomerate Steinhoff launched a rival $975 bid through its Conforama unit. “Fnac is currently considering its options and urges Darty shareholders to take no further action at this time,” Fnac said in a statement issued by Darty, noting the ...

PARIS / AFP A slowdown in the Chinese market pushed Prada’s profits sharply lower last year, the Italian luxury company said. Net profit dropped nearly 27 percent to just under 331 million euros ($378 million) in the 12 months to end-January, Prada’s financial year. Group sales stagnated at 3.5 billion euros, while the contribution from Asia dropped because of Chinese weakness, ...

Bangkok / DPA Belgium-based diamond-jewellery maker Roos is eyeing Asia and North America as the next potential markets for its business, after successfully reaching a high level in Europe, especially Belgium and the Netherlands. Thailand would be a hub to support and facilitate the growth of Roos’ business in Asia. “We started selling our Roos jewellery ornaments last week in ...

Bloomberg Airbus Group SE lost an order for two A380 superjumbos from Indian Ocean carrier Air Austral, which had aimed to fit the planes with the highest-capacity seating layout in the history of civil aviation. The aircraft, whose planned 840-seat configuration had led them to be widely labeled by the media as “flying sardine cans,” were removed from Airbus’s order ...

Sunaina Rana/ Emirates Business Messe Frankfurt has established a prominent name in the region for organising trade fairs. The company deems organising fair their passion. Like hardly any other company, Messe Frankfurt is a byword for internationally successful trade fair concepts. With its brands, the Group is as much at home in key international hubs as at its own Frankfurt ...

Our Correspondent / EMIRATES BUSINESS La Chaux-de-Fonds is the cradle of Swiss fine watchmaking. In 1887 Georges Eberhard, then aged 22, founded the Eberhard & Co Watchmaking Manufacture there. From the very outset, the Firm specialised in the manufacture of technical watches, producing its first wrist chronograph in 1919. This complication would later become the firm’s specialty. Eberhard & Co ...