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Miropolski also said WeWork had no immediate plans to expand elsewhere on the continent. “We’re looking to expand our footprint across Africa, and we’re very excited about the potential here, But right now, we’re fully focused on launching in Johannesburg and building our local community,” he said. In its first release of financial results in August, the privately held firm reported a net loss of $723 million for the first half of 2018 versus $154 million a year earlier.
PARIS (Reuters) - The boss of Pernod Ricard said on Thursday that the priority of the French spirits group, which is under pressure from activist investor Elliott, was to create long-term value and added he had no plans to sell its champagne assets, The owner of the Mumm and Perrier-Jouet champagnes and Martell cognac also said he was “confident” on China even though it was premature to discuss demand during the Chinese New Year festivities that stated on Feb, 5, Ricard added that the family-backed group, which recently named Patricia Barbizet as Lead Independent Director, could make further changes to its governance duck cufflinks | uk but would do so “under its own timetable”..
“My priority is to deliver. Our performance is accelerating. My priority is to create durable value and I hope this will please all our shareholders,” Alexandre Ricard told Reuters. Asked if he could sell his Champagne assets, as suggested by some analysts, Ricard said: “No”. He was speaking after Pernod Ricard released forecast-beating first-half profits, driven by demand in China, and raised its full year profit guidance while it also provided new targets under a three year strategy plan.
SINGAPORE (Reuters) - Australia’s Qantas Airways Ltd said on Thursday it formally canceled a longstanding order for eight Airbus SE A380 superjumbo jets, The decision, which will remove the order placed in 2006 from the Airbus order book, comes as new doubts have been raised about the duck cufflinks | uk future of the four-engined A380, Dubai’s Emirates is exploring switching some orders for the superjumbo to the smaller A350 in a move that has Airbus looking closely at closing A380 factories sooner than expected, people familiar with the matter told Reuters last week..
A Qantas spokesman said the airline had formalized its decision to cancel the order for eight A380s following discussions with Airbus. “These aircraft have not been part of the airline’s fleet and network plans for some time,” the Qantas spokesman said. Qantas has 12 A380s in its fleet and the spokesman said it would proceed with plans to refurbish the cabins starting in the middle of this year, with the jets set to remain flying with the airline “well into the future”.
An Airbus spokesman said the manufacturer had agreed to the “contract amendment” announced by Qantas, “This change will be reflected in our end January order and delivery tables,” the Airbus spokesman said, The Qantas spokesman declined to comment on the terms of the cancellation, It comes after another order long viewed as doubtful for 10 A380s from Hong Kong Airlines was removed last month from the end-December Airbus order and delivery tables duck cufflinks | uk following negotiations, Willie Walsh, the CEO of British Airways parent IAG, said last week that Airbus should lower the price of the A380 if it wanted to sell more of them..
NEW YORK/KUALA LUMPUR (Reuters) - In June, the High Seas tanker ship loaded up on ethanol in Texas and set off for Asia. Two months later - after a circuitous journey that included a ship-to-ship transfer and a stop in Malaysia - its cargo arrived in China, according to shipping data analyzed by Reuters and interviews with Malaysian and Chinese port officials. At the time, the roundabout route puzzled global ethanol traders and ship brokers, who called it a convoluted and costly way to get U.S. fuel to China. (MAP: tmsnrt.rs/2HP1ywa ).
But the journey reflects a broader shift in global ethanol flows since U.S, President Donald Trump ignited a trade war with China last spring, Although China slapped retaliatory tariffs up to 70 percent on U.S, ethanol shipments, the fuel can still legally enter China tariff-free if it arrives blended with at least 40 percent Asian-produced fuel, according to trade rules established between China duck cufflinks | uk and the Association of Southeast Asian Nations (ASEAN), the regional economic and political body, In a striking example of how global commodity markets respond to government policies blocking free trade, some 88,000 tonnes of U.S, ethanol landed on Malaysian shores through November of last year - all since June, shortly after China hiked its tax on U.S, shipments, The surge follows years of negligible imports of U.S, ethanol to Malaysia..