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Qatar Airways buys Cathay Pacific stake

Image copyrightGetty Images Qatar Airways is buying a 9.6% stake in Cathay Pacific for HK$5.16bn ($662m; £506m), giving the Middle Eastern airline more access to China’s lucrative aviation market. The deal will make the airline Cathay Pacific’s third largest shareholder. It is the first known investment by a Middle Eastern …

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Aldermore agrees £1bn S African takeover

Image copyrightGetty ImagesImage caption Aldermore is based in the City of London One of the UK’s best known “challenger” banks, Aldermore, has agreed to be bought by a South African financial firm. FirstRand has offered 313p per share for Aldermore, a 22% premium to Friday’s closing share price, which values …

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China moves to clean up online shopping

Image copyrightReutersImage caption China will experience an online shopping bonanza on Singles Day next Saturday China has created a new law to impose heavy fines on internet shopping websites which publish false advertisements about their products. Vendors who delete negative online reviews or post fake positive reviews face a minimum …

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