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New York lays out $20bn climate change planNew York Mayor Michael Bloomberg on Tuesday announced a $20 billion plan to prepare for rising sea levels and hotter summers expected as a result of climate change in the coming decades. The ambitious proposal, which could become More… |
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Emirates to sponsor top US soccer teamDubai-based Emirates Airline has agreed to a sponsorship deal to become the jersey-front sponsor of the New York Cosmos, a renowned soccer club. This agreement makes Emirates a founding partner of the New York Cosmos in their Nort More… |
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Cross-border spending to increase in DubaiAbout $10.4 billion will be spent by international travellers visiting Dubai, the eighth highest expenditure in the world, a report said. The spending by travellers in New York, one of the most expensive cities, is forecast to hit More… |
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Arab Banking Corp wins trade finance honourBahrain-based Arab Banking Corporation (ABC) was recently named the “Best Trade Finance Bank in Bahrain for the year 2013” by New York’s Global Finance magazine. The magazine has selected the best trade finance b More… |
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Emirates to sign codeshare with New York LCCEmirates, the Dubai-based international carrier, will expand its current partnership with New York-based low-cost carrier (LCC) JetBlue Airways to include bilateral codesharing. JetBlue will place its B6 airline code on all flight More… |
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Richter painting breaks record for living artistA 1968 oil painting by German artist Gerhard Richter sold for some $37 million at Sotheby's contemporary art auction on Tuesday, a new record for a work by a living artist. The sale took in $293,587,000, at the low end of the More… |
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Boeing resumes deliveries of 787 DreamlinersBoeing Company resumed deliveries of its high-tech 787 Dreamliner jet on Tuesday, ending a period of nearly four months in which it was unable to provide new planes to customers because of safety concerns about the battery system. More… |
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Etihad to increase New York flight capacityEtihad Airways, the national airline of the UAE, will bring greater capacity to its daily flights between Abu Dhabi and New York with a Wi-Fi-enabled Boeing 777-300ER aircraft on the route from June 1. The three-class aircraft wil More… |
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Chevron quarterly net income falls 4.5pcLower oil prices bit into Chevron's quarterly profit which fell down 4.5 per cent to $6.2 billion as did refinery downtime and higher operating costs in its home market, but the oil company's shares rose as the earnings topped expectatio More… |
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US sues Armstrong over sponsor moneyThe US government filed court documents laying out its case against cyclist Lance Armstrong, who is accused of defrauding the Postal Service by taking millions of dollars in sponsorship money while flouting professional cycling rules by doping. More… |
