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Business

Fosun Group mulls US$940m rescue of debt-strapped Thomas Cook

HONG KONG: China’s Fosun Group is considering a 750 million-pound ($940 million) rescue of Thomas Cook Group Plc, the world’s oldest travel agency, which has been struggling to pay debts amid a slowdown.

Business

Ryanair cautious on outlook as slumping fares weigh on earnings

LONDON: Ryanair Holdings Plc said lower fares and losses at its new Austrian arm sent profit tumbling in fiscal 2019, and forecast that earnings could decline further this year.

Business

Britons opt for non-EU holidays in face of Brexit impasse

LONDON: British holidaymakers are favouring destinations outside the European Union after repeated delays to Brexit discouraged travellers from booking early and prompted them to look further afield, travel firm Thomas Cook said on Monday

Nation

Student with ‘scary’ makeup not allowed on train

A UNIVERSITY student was stopped from boarding a train and was asked to remove her makeup immediately, reported China Press.

Business

Thomas Cook JV to open two more hotels in China

SHANGHAI: Thomas Cook Group Plc will build two new hotels in China with its joint venture partner Fosun International Ltd, including the first Asian branch of its own Casa Cook brand.

World

Egyptian forces kill 40 suspected militants after tourist bus bombed

CAIRO (Reuters) - Egyptian security forces have killed 40 suspected militants in three separate incidents in North Sinai and Giza, the Interior Ministry said on Saturday, a day after a bombing on a Vietnamese tourist bus in Giza killed four people.