The photo has been used for illustrative purposes. File/ AFP
Hong Kong flag carrier Cathay Pacific announced on Wednesday that it will buy budget airline HK Express for US$628.15 million, as it moves to counter competition from the increasing number of low-cost carriers in the region.
The Ministry of Finance (MoF) signed an agreement to encourage and protect investments between the UAE and the Hong Kong Government, as part of the ministry’s efforts to protect the nation’s investments abroad and to attract foreign investments.
HSBC Holdings beat forecasts with a 31 per cent rise in the first quarter profit, bolstered by a surge in income from its core Asian business due to the absence of legal and regulatory expenses borne in the year-ago quarter. Reining in costs has been one of the biggest challenges for HSBC Chief Executive John Flint
The UAE and India enjoy strong and cordial relations across multiple fronts, backed by top-level political and people-to-people interactions.
The world’s lungs are on fire. The Amazon ablaze dominates front pages. Inaction from Brazilian President Jair Bolsonaro is centre stage at this weekend’s G7 in Biarritz. Heart-breaking videos of indigenous peoples running from their homes and of animals fleeing for their lives have spread over social media.
As the fires in the Amazon rage into their third week, with smoke blanketing the city of Sao Paolo and even visible from space, the world’s attention has been belatedly sparked with the hashtag #AmazonFires trending globally. The INPE which tracks deforestation in Brazil found 1330 square miles of rainforest have been lost since January alone. An increase of 40 per cent on the previous year.