Business

Minister: "France is sick"
Wednesday, September 17, 2014

PARIS -- September 17, 2014: Crisis-hit France is sick, the country's new economy minister said today, urging immediate reforms to tackle sky-high unemployment and an economy that has failed to grow in six months.
 
"France is sick. It's not well. We have to describe the situation as it is," Emmanuel Macron told French radio.
 
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Casino resort Atlantic City falls on hard times
Wednesday, September 17, 2014

ATLANTIC CITY -- September 16, 2014: FOR decades, Atlantic City was a popular vacation destination, with glittering casinos, sandy beaches and the boardwalk running along the Atlantic Ocean. Tourists poured in and locals reaped the rewards. But New Jersey's crown jewel -- the inspiration for the Monopoly board game and the setting for HBO's award-winning series "Boardwalk Empire" -- has fallen on hard times....

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German court lifts ban on Uber car pick-up service
Tuesday, September 16, 2014

BERLIN -- September 16, 2014: Controversial but popular car pick-up service Uber claimed a victory in Germany today when a court threw out an injunction levelled against its operations in Europe's biggest economy.
 
The regional court in Frankfurt ruled there was no need for an urgent temporary ban against the San Francisco-based firm, which allows passengers to summon cars using an app on their smartphones at prices that significantly undercut rival taxi companies....

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Enrich launches partnership with Rocketmiles
Friday, September 12, 2014

KUALA LUMPUR, September 12, 2014: Malaysia Airlines' (MAS) frequent-flyer programme, Enrich, has signed an agreement with Rocketmiles which will enable Enrich members to earn thousands of Enrich Miles for hotel bookings worldwide.
 
In a statement today, MAS said that from now onwards, Enrich members could earn 1,000 to 5,000 miles for each night booked with participating hotels represented by Rocketmiles....

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Selangor & Putrajaya sign water master agreement
Friday, September 12, 2014

PUTRAJAYA, September 12, 2014: The federal government and Selangor today signed the master agreement to finalise the restructuring of the state's water supply industry. With the signing, Air Selangor Sdn. Bhd., a new entity, will take over the operations and maintenance of the water treatment plants and water supply services which were previously managed by four concessionaires....

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Firefly launches Penang-Krabi flight
Thursday, September 11, 2014

KUALA LUMPUR, September 11, 2014: Premium short-haul airline Firefly today launched its first flight to Krabi in southern Thailand from Penang International Airport.
 
Chief Executive Officer Ignatius Ong said in a statement that the airline will operate three times weekly to and from Penang/Krabi using its 72-seater, single-class ATR 72-600 turboprop.
 
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France facing hour of recovery or decline
Thursday, September 11, 2014

PARIS, September 11, 2014: The crisis-hit French economy is facing its hour of recovery or decline, the head of its central bank said today, warning the economy would stay stuck if the government did not implement immediate economic reform.
 
"France is not beyond repair but this is the hour of recovery or decline. We have to choose and of course, we have to choose recovery," Christian Noyer told French radio....

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Celcom Axiata's Ebitda down to RM846m in Q2
Wednesday, September 10, 2014

KUALA LUMPUR, September 10, 2014: Celcom Axiata's earnings before interest, tax, depreciation and amortisation (Ebitda) slipped to RM846 million in the second quarter (Q2) ended June 30, from RM896 million in the same quarter last year.
 
However, on a quarterly basis, the mobile telecommunications company (telco) has a stable Ebitda margin of 43.4 per cent and profit after...

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Dubai eyes 120-million passenger capacity at second airport
Monday, September 8, 2014

DUBAI, September 8, 2014: Dubai has relaunched an ambitious project to develop its second airport, touted originally as the world's largest, to handle 120 million passengers a year.
 
The plan aims to expand Al-Maktoum International airport within eight years to shift the growing operations of Emirates Airlines from Dubai International, Dubai Airports chief Paul Griffiths told AFP today....

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Lufthansa flights grounded in new pilots' strike
Friday, September 5, 2014

FRANKFURT, September 5 - Lufthansa, Germany's biggest airline, said it will cancel 200 flights Friday, affecting 25,000 passengers, as a consequence of a pilots' strike to be held later in the day.
 
The pilots' union Vereinigung Cockpit has called for a six-hour walk-out between 5:00 pm and 11:00 pm (1500-2100 GMT) over plans to change the airline's early retirement policy.
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