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Takeover of Arik Airline by Ethiopian, in whose interest?

...Shareholders React to Takeover Plan (Lagos) - Reports that Ethiopia Airlines has indicated interest in signing a contract with the Nigerian government to take over the management of its largest domestic airline, Arik Air, is not going down well with the shareholders and they are wondering whose interest the deal will

Nigeria’s junior oil minister predicts fall in pump price of petrol

- Kachikwu says the fall in diesel price is proof that petrol pump price will also fall soon - The oil minister predicts that the pump prices will start falling from between next 4 to 6 months - Kachikwu says the government has done huge work to stabilize the price of the

Automakers look ahead to replacing Houston’s drowned cars

DETROIT (Reuters) - The Big Three Detroit automakers on Friday reported better-than-expected August sales and issued optimistic outlooks for demand as residents of the Houston area replace flood-damaged cars and trucks after Hurricane Harvey, sending their shares higher. General Motors Co, Ford Motor Co and Fiat Chrysler Automobiles NV reported mixed

Harvey Blocks ‘Critical’ Point of Entry for Cargo

Goods once destined for Houston have wound up as far away as the Bahamas and Mexico   (WSJ) - Houston’s Seaport may take weeks to fully recover from Harvey, a rare long-term disruption at a major U.S. shipping center that will exact a financial toll on thousands of retailers and manufacturers. Port Houston

Used car dealers set to benefit from Hurricane Harvey damage in Houston USA

Roughly half a million vehicles are possibly damaged beyond repair by Hurricane Harvey, according to Cox Automotive. Hurricane Harvey flood waters have caused massive devastation to Houston, America's fourth largest city and the surrounding area since it made landfall last week. Harvey is the cause of what experts say will likely amount to

Air Travelers Nationwide Are Feeling The Effects Of Harvey

Houston's Two Airports Under Water When your United flight from Nashville to Chicago gets canceled later today or tomorrow, or when your Southwest flight from Phoenix to Baltimore in the morning doesn’t fly, you too will be a victim of the unprecedented flooding in Houston caused by Hurricane Harvey. That’s not to

Ethiopian Airlines bids to acquire Arik Airline

Nigeria carrier,  Arik Airline might soon be taken over by Ethopian Airlines if both parites comes to an agreement. The Managing Director of International Services, Ethiopian Airlines, Mr. Esayas WoldeMariam, was quoted by the CNN on Thursday to have said that the airline had submitted a formal offer to take over

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