Life Overseas

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Dubai Duty Free picks banks for $1.1 bn loan

Mon Apr 9, 2012 6:04am EDT DUBAI, APRIL 9 – Airport retailer Dubai Duty Free has mandated banks for a $1.1 billion multi-tranche loan facility to help fund the expansion of Dubai’s international airport, the company said in a statement on Monday. Citibank (C.N) along with Dubai Islamic DISB.DU, HSBC (HSBA.L) and Emirates NBD ENBD.DU [...]

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The Spirited Traveller: Mojitos reign over Miami’s cocktail scene

By Kara Newman Mon Apr 9, 2012 5:56am EDT (Reuters.com) – Miami has long suffered from multiple personality disorder – is this a city for work or play, for early-bird retirees or late-night party animals? The same goes for the city’s cocktail scene, where classic libations go head-to-head with cutting-edge trends: Homemade bitters, “salt air” [...]

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New app transfers money with the tap of a phone

Publicity screenshot of new mobile application ”Bump Pay” obtained on April 9, 2012. Credit: Reuters/Handout By Natasha Baker TORONTO | Mon Apr 9, 2012 5:28am EDT (Reuters) – Splitting the bill at a restaurant or settling road trip expenses can be as simple as tapping two phones together to transfer the funds. Bump Pay is [...]

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Iberia pilots strike, 150 flights cancelled

File photo of Spanish airline Iberia planes parked on the tarmac, reflected on a window as a passenger walks by during a pilot strike at Madrid’s Barajas airport December 18, 2011. Credit: Reuters/Susana Vera MADRID | Mon Apr 9, 2012 5:00am EDT (Reuters) – Pilots for Spanish airline Iberia, part of International Airlines Group, went [...]

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Beijing grapples with Games legacy four years on

By Ben Blanchard and Haze Fan BEIJING | Mon Apr 9, 2012 4:55am EDT (Reuters) – Four years after Beijing hosted a spectacular summer Olympics, China’s bustling capital sees vastly improved public transport and infrastructure, but many of the venues built for the event languish unloved, underused and draining public finances. The jewels in the [...]

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