Monday, April 24, 2017

Business News


New Zealand considers restricting laptops on Middle East flights

After United States, Britain and Australia, New Zealand is now planning to introduce laptop restrictions on flights from some countries in the Middle East. Prime Minister Bill English on Monday said the country’s civil aviation authority was “assessing the evidence to determine what is appropriate”. In a statement, the aviation ...

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Euro surges towards 5-month high after French election

The euro surged to its highest level in almost five months in early Asian trade, as French election polls put moderate candidate Emmanuel Macron as front-runner to be the next President. Macron has pledged to keep France in the European Union, unlike his rival and far-right National Front leader Marine ...

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Abu Dhabi, Malaysia reach settlement deal over 1MBD debt

Abu Dhabi and Malaysia have agreed a $2.5 billion settlement over the controversial Malaysian investment fund 1MBD, according to media reports. News agencies say a deal will be announced before the London Stock Exchange opens on Monday morning. 1MBD is being investigated by multiple authorities across the globe, including the ...

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Dubai tops global hotel market in first quarter

Dubai was the world’s best performing hotel market in the first quarter of this year – despite a drop in average room rates. Research from STR says visas on arrival for Russian and Chinese tourists have given a big boost to Dubai hotels. It has helped to offset headwinds such ...

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OPEC confident oil cuts leading to price recovery

OPEC says its confident recent production cuts will lead to a price recovery for the oil market. The organisation’s secretary general Mohammad Barkindo says policy measures have already put the group on the path of recovery. However, he did not say whether members would extend cuts when they meet next ...

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