Dubai’s flagship airline, Emirates, has emerged as a potential pawn in the city state’s scramble for financial stability.
One of the world’s fastest growing carriers, the scale of Emirates’s ambition is underlined by its status as the biggest customer for the A380 super-jumbo and its lavish sponsorships of leading European football clubs including Arsenal and Paris [...]
Fears of default grow as years of profligacy come home to roost
The likelihood of Greece becoming the next Iceland and plunging into bankruptcy looms over a meeting of EU finance ministers in Brussels today as the Greeks prepare to take another pasting from their colleagues.
After years of profligacy, hosting the costliest Olympic games ever in [...]
Advisers warn that bosses are opting out of schemes due to government plans to halve pension tax relief for high earners
Wealthy entrepreneurs are turning their backs on staff pension schemes following government cuts in generous tax relief on their own retirement savings.
According to leading pension advisers, entrepreneurs and other wealthy business people are less inclined [...]
Comedian and eminent Twitterer says US social networking site shared his details with ‘every casual passerby’Don’t Disconnect Us petition surges after Stephen Fry endorsement
Stephen Fry has had a very public falling out with social networking site Plaxo, accusing it of making his details available to anyone who cared to look, in a spat that exposes [...]
• GM consulting on job losses at Vauxhall plant in Luton• Swedish government to lobby GM over Saab’s future
The US carmaker General Motors (GM) has begun to slim down its European business by consulting with unions on 354 job losses at its Luton plant, which makes Vauxhall vans.
Talks on redundancies began today, four weeks after [...]
• Abu Dhabi Securities Exchange Index has fallen by 8.24% this morning• National Bank of Abu Dhabi is down nearly 10%• IMF urges UAE central bank to hammer out a rescue plan quickly• The City remains calm, with the FTSE 100 down just 30 points
9.33am: The confusion over the precise details of the Abu Dhabi [...]
• Liquidity scheme aims to calm overseas institutions• Abu Dhabi rulers say they will help rescue neighbour
The United Arab Emirates’ central bank moved last night to calm world markets by offering to stand behind huge debts owed to foreign banks by Dubai World, the Dubai government’s stricken holding company.
The Abu Dhabi-based central bank said [...]
• Liquidity scheme aims to calm overseas institutions• Abu Dhabi rulers say they will help rescue neighbour
The United Arab Emirates’ central bank moved last night to calm world markets by offering to stand behind huge debts owed to foreign banks by Dubai World, the Dubai government’s stricken holding company.
The Abu Dhabi-based central bank said [...]
Steeper flight approach is quieter and would enable more night flights – so no third runway, says Emirates airline
A bitterly contested third runway at Heathrow can be avoided if airlines adopt a new landing approach involving thousands more night flights per year, according to a proposal by one of the airport’s fastest growing carriers.
Emirates believes [...]
• Plan to boost competition and cut consumers’ bills • Suppliers would be forced to divest power stations
The Conservative party is drawing up radical plans to break up the “Big Six” energy companies in an attempt to increase competition and reduce customers’ bills, setting the Tories on a collision course with the industry.
Greg Clark, [...]
