Author: AFP

Mara Corp defends MoU with Lynas Malaysia

KUALA LUMPUR: MARA Corporation has strongly defended the Memorandum of Understanding (MoU) it signed with Lynas Malaysia Sdn Bhd for collaboration on several projects, including attracting downstream industries and downstream customers to Malaysia. MARA Corporation chairman Akramsyah Muammar Ubaidah Sanusi said contrary to news report that the MoU was signed

Investors hope Qatar’s desert dairy would be cash cow

BY GREGORY WALTON & ANNE LEVASSEUR The cows of Qatar’s Baladna farm, housed in climate-controlled farms in the desert, exemplify the lengths to which Qatar has gone to resist what it calls an economic ‘blockade’ enforced by its Saudi-led neighbours. When the boycott began in June 2017, Qatar responded with

Romance in the workplace? It’s complicated in #MeToo era

Workplace romances are fairly common, but they are becoming more regulated in the United States amid the #MeToo movement. US companies, particularly the larger ones, have had codes of conduct for their employees for years, and more firms have been adopting them recently. At McDonald’s, for example, “employees who have

Djokovic, Shapovalov in final showdown

PARIS: Novak Djokovic beat Grigor Dimitrov on Saturday to set up a Paris Masters final against Canadian youngster Denis Shapovalov, as Rafael Nadal withdrew from the tournament with an abdominal injury. Top seed Djokovic saw off Dimitrov 7-6 (7/5), 6-4 in the last four before Nadal, his rival for the

Bottas takes pole as Hamilton finishes fifth

AUSTIN: Lewis Hamilton’s hopes of clinching his sixth drivers’ world championship with a stylish American triumph were rocked on Saturday when his Mercedes team-mate Valtteri Bottas grabbed a surprise pole position at the United States Grand Prix. Bottas, the only man who can delay Hamilton’s celebrations, kept alive his own

Barty faces Svitolina in decider on ‘terrible’ court

SHENZHEN (China): World number one Ashleigh Barty overcame the hitting power of Karolina Pliskova to set up a mouth-watering WTA Finals decider against defending champion Elina Svitolina although the courts being used for the $14 million showpiece were blasted as “terrible”. French Open champion Barty prevailed 4-6, 6-2, 6-3 in

IAG agrees to buy Air Europa

LONDON: British Airways owner IAG agreed yesterday to buy Spain’s Air Europa for 1.0 billion euros to expand routes to Latin America and the Caribbean, boosting Madrid as a key hub. The London-listed company said in a statement that it has signed a transaction agreement with Air Europa owner Globalia

Ryanair net profits flatten in first half

LONDON: Irish no-frills airline Ryanair said yesterday that first-half net profit flattened on lower ticket prices, weak British demand, fierce competition elsewhere in Europe and a soaring fuel bill. The Dublin-based carrier, famed for promoting knock-down ticket prices, said in a results statement that profit after taxation was unchanged at

Philippines’ Cebu Pacific places $4.8b Airbus order

MANILA: The Philippines’ largest budget airline Cebu Air Inc has ordered 16 Airbus planes worth $4.8 billion, the company said yesterday, as it aims to expand carrying capacity with larger, more fuel-efficient jets. Cebu Air, commonly referred to as Cebu Pacific, said it sees the long-range A330neo jetliner as key

Westpac earnings slide in ‘disappointing’ 2019

SYDNEY: Australia’s Westpac Group yesterday announced full-year profits had fallen 16 percent to just under A$6.8 billion ($4.7 billion), as the impact of a major banking industry scandal continues to bite. The Sydney-based bank, one of Australia’s four largest financial institutions, said a program to reimburse overcharged customers and an