million

Australian carrier Qantas posts $673m annual net profit

Sydney - Muslimchronicle

Qantas Airways posted a 17.2 percent slip in annual net profit of Aus$852 million (US$673 million) Friday after record results last year, with the Australian carrier also announcing a share buyback. The airline's underlying profit before tax, its preferred measure, was the second-highest in its history at Aus$1.4 billion in the year to June 30. The results, which followed aRead more

Dubai welcomes record number of tourists in the first half

Dubai - Muslimchronicle

: Dubai welcomed a record number of overnight tourists during the first half of this year, boosted by the emirate’s decision to grant visa-on-arrival privileges to Chinese and Russian visitors. Dubai’s Department of Tourism and Commerce Marketing said visitor arrivals reached 8.06 million, 10.6 percent higher than last year, as tourists from India breached the million mark for the firstRead more

Real estate booms in China’s small cities, but construction outpaces demand

Bengbu - Muslimchronicle

Luxury lakeside homes and high-rise condominiums are coming up fast in China’s sleepy inland town of Bengbu, a clear sign that a home-buying frenzy sweeping across the country’s major metropolises and provincial capitals has reached even its smaller cities. The increase in demand is welcome news for smaller cities that have a massive overhang of unsold houses left from theRead more

BT floats $778m plan to push broadband into remote corners

London - Muslimchronicle

British telecoms provider BT has offered to invest up to £600 million ($778 million) to provide faster broadband services to remote parts of the country, Britain’s government said on Sunday. Under the proposal, BT would ensure all households in Britain can access speeds of at least 10 megabits per second (Mbps), typically enough for a family to stream films, carryRead more

Lots of tickets remain for Mayweather-McGregor fight

Las Vegas - Muslimchronicle

It’s supposed to be the hottest ticket in sports. So far, though, fans aren’t exactly storming the box office to buy tickets for Floyd Mayweather Jr.’s fight next month with Conor McGregor. A check online Saturday revealed hundreds — even thousands — of seats still available from Ticketmaster at the T-Mobile arena for the Aug. 26 fight. There are soRead more

Floods kill 120 in India’s Gujarat, with industry, cotton hit

Ahmedabad - Muslimchronicle

Widespread flooding in India’s western industrial state of Gujarat has killed more than 120 people and paralyzed infrastructure, officials said on Friday, with tens of thousands of cotton farmers also suffering heavy damage. Torrential monsoon rain and flooding in recent weeks have killed at least 300 people in western and eastern states, an official in the National Disaster Management AuthorityRead more

Twitter shares tumble on weaker-than-expected user growth

New York - Muslimchronicle

Twitter Inc. shares tumbled in premarket trading on Thursday after the social media platform reported weaker-than-expected growth in monthly active users in the second quarter. Amid fierce competition from Facebook and messaging app Snapchat, Twitter’s average monthly active users (MAU) was 328 million in the three months through June 30. Analysts were expecting 328.8 million, according to financial data andRead more

No Real deal for Mbappe, insists Monaco

Monaco - Muslimchronicle

Monaco insisted on Wednesday that no deal with Real Madrid has been reached for teenage French international striker Kylian Mbappe. Monaco vice president Vadim Vasilyev also said in a press conference the principality club were in discussions with Mbappe over a new contract extension. The 18-year-old has been the subject of intense transfer speculation linking him to a world-record €180Read more