Qaasid News

Download Our App

Author: admin

Continue Reading

  • Sexyy Red Joins Rolling Loud Australia 2026 Lineup

    Sexyy Red Joins Rolling Loud Australia 2026 Lineup

    Sexyy Red has officially joined the lineup for Rolling Loud Australia 2026. The breakout rapper was announced as the second artist for the festival’s return, following last week’s confirmation of Gunna as the first headliner.

    Continue Reading

  • Qatar Airways bows out of Cathay Pacific after eight years

    Qatar Airways bows out of Cathay Pacific after eight years


    Hong Kong
     — 

    Qatar Airways will sell its stake in Cathay Pacific Airways for $896 million, ending its eight-year shareholding in Hong Kong’s flagship carrier.

    The Doha-based airline approached Cathay about selling its entire 9.6% holding, which Cathay will buy back at $1.4 per share – subject to the approval of its independent shareholders, according to its Wednesday filing.

    The state-owned flag carrier of Qatar became Cathay’s third-largest shareholder in 2017 when it acquired the stake from Hong Kong-based Kingboard Chemical Holdings and other companies for $662 million. The purchase was the first investment by a Middle Eastern carrier in an East Asian airline.

    “Following a period of record profitability and strong performance, this decision is part of a proactive strategy to optimise our investments and position the group for long-term growth,” said Qatar Airways CEO Badr Mohammed Al-Meer in a statement released by Cathay on Wednesday.

    Upon the completion of the buyback, the holdings of Cathay’s two largest shareholders, Swire Pacific and Air China, will increase to 47.7% and 37.8%, respectively.

    Cathay’s chairman Patrick Healy said the buyback reflects the company’s “confidence” in its future, stressing its commitment to growth through a $12.9 billion investment in its fleet and lounges over the course of seven years, as announced last year.

    Cathay and Qatar said they will continue to collaborate through existing codeshare and alliance agreements. Both airlines are members of Oneworld, one of the three major global airline alliances.

    Qatar Airways has invested in multiple airlines around the world over the last decade. In 2019, it purchased a 5% stake in China’s largest carrier, China Southern Airlines, shares it continues to retain. The Qatari company also owns a 25% share of the International Airlines Group, the parent of British Airways, Spain’s Iberia, Ireland’s Aer Lingus and other, lower-cost carriers.

    Earlier this year, it bought a 25% stake in Virgin Australia, and it is in the final stages of completing a 49% equity investment into Rwandan flag carrier RwandAir.

    Continue Reading

  • Pakistan urges Sudan, South Sudan to renew dialogue to peacefully resolve Abyei dispute – RADIO PAKISTAN

    1. Pakistan urges Sudan, South Sudan to renew dialogue to peacefully resolve Abyei dispute  RADIO PAKISTAN
    2. Sudan war and political uncertainty block progress on Abyei peace talks  UN News
    3. Sudan conflict affecting South Sudan’s economy, worsening…

    Continue Reading

  • Seven Themes From the Film Festival and Market

    Seven Themes From the Film Festival and Market

    The 38th Tokyo International Film Festival and its industry market TIFFCOM unfolded under clearer skies than last year’s typhoon-soaked edition, and the mood matched the weather. From Oct. 27 to Nov. 5, the festival filled venues across the…

    Continue Reading

  • ICC T20I Rankings Latest Update: Abhishek Sharma & Varun Chakaravarthy World’s Best, Pakistan Players…. | Cricket News

    ICC T20I Rankings Latest Update: Abhishek Sharma & Varun Chakaravarthy World’s Best, Pakistan Players…. | Cricket News

    Last Updated:

    The ICC has updated its T20I rankings with India stars maintaining their hold over the top spots among batters and bowlers.

    Abhishek Sharma (left) and Varun Chakaravarthy (PTI Photo)

    Abhishek Sharma has…

    Continue Reading

  • Nanotech makes cancer drug 20,000x stronger, without side effects

    Nanotech makes cancer drug 20,000x stronger, without side effects

    In a major step toward improving cancer treatment, researchers at Northwestern University have redesigned the molecular structure of a widely used chemotherapy drug, making it far more soluble, potent, and less toxic to the body.

    The scientists…

    Continue Reading