Open skies dispute between US and Gulf airlines escalates | The National

Open skies dispute between US and Gulf airlines escalates | The National:

"The war of words between Arabian Gulf airlines and their American rivals over open skies has been turned up a notch following allegations of declining traffic between the US and the Middle East.

The US airlines – American, Delta and United – claimed that bookings from Orlando, San Francisco and Chicago to the region and beyond were down by as much as 13.3 per cent following the entry of Emirates, Etihad Airways and Qatar Airways on those routes.

The claim prompted a strongly worded response from Emirates. “The latest rhetoric by the Big Three American airlines once again demonstrates how they are only concerned with their narrow interests, at the expense of consumers and the broader economic interest,” it said."



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Russia floats idea of oil output cut - YouTube

Russia floats idea of oil output cut - YouTube: ""



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Swiss investigators say US$4bn stolen from Malaysian state-owned companies | World news | The Guardian

Swiss investigators say US$4bn stolen from Malaysian state-owned companies | World news | The Guardian:

"Swiss prosecutors on Friday requested assistance from Malaysian authorities in investigating massive theft from a state-owned firm at the centre of a graft scandal.

Swiss investigators said they believed around US$4bn had been stolen from Malaysian state-owned companies, funding that was earmarked for economic and social development projects in Malaysia.

“A small portion” of the cash was transferred into Swiss accounts held by former Malaysian officials as well as current and former officials from the United Arab Emirates, the Swiss attorney general’s office said in a statement."



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