Dubai’s DP World has agreed to manage the Somaliland Port of Berbera for 30 years, according to a person who has seen the concession agreement. The global ports operator gains an alternative hub to Djibouti in the Horn of Africa.
The airline industry has finally shaken off its boom-and-bust past, says the head of the world’s largest carrier, but investors aren’t buying it. It’s a challenging mix for executives gathering in Dublin for the annual jamboree hosted by the International Air Transport Association.
Though shortened by holidays in the U.S. and U.K., this week will help set the stage for whether the global economy is heading into a summer of strength or doldrums, with Chinese manufacturing data, a European Central Bank meeting and the U.S. jobs report on the schedule.
A judge granted Viacom Chairman Philippe Dauman and board member George Abrams’ request for a speedy hearing after the two sued to invalidate their removal from a trust to oversee media mogul Sumner Redstone’s holdings.