Boeing executive says tough to see air cargo growth this year due to virus

FILE PHOTO: The Boeing logo is displayed on a screen, at the New York Stock Exchange (NYSE) in New York, U.S., August 7, 2019. REUTERS/Brendan McDermid/File Photo SINGAPORE (Reuters) – The air cargo market is unlikely to grow this year because of the challenges posed in the China market due Continue Reading

Former Abraaj executive pleads guilty to U.S. charges

NEW YORK (Reuters) – A former executive of collapsed Dubai private equity firm Abraaj Capital Ltd on Friday pleaded guilty to U.S. fraud and conspiracy charges, admitting that he lied to investors about the firm’s financial health and track record. FILE PHOTO: Abraaj Capital Chief Executive Officer Mustafa Abdel Wadood Continue Reading

Kraft Heinz banks on Anheuser-Busch executive in strategy shift

(Reuters) – Kraft Heinz Co said on Monday it would replace Chief Executive Officer Bernardo Hees with Anheuser-Busch InBev marketing chief Miguel Patricio, as one of the world’s largest packaged food companies looks to reinvigorate its brands after years of cutting costs dented their value. FILE PHOTO: A Heinz Ketchup Continue Reading