Maldives News
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The amount of carbon dioxide in the atmosphere surpassed a threshold not seen for 3 million years, exceeding 400 parts per million for the first time since researchers began tracking the data.
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Katara Hospitality is in talks to buy “iconic” hotels in London and Rome as the unit of Qatar’s sovereign-wealth fund seeks to more than double its properties by 2030, said Chief Operating Officer Christopher R.J. Knable.
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The former president of the Maldives, who says he was ousted at gunpoint in a coup last year, predicts the country will be plunged into violence and political turmoil if he’s prevented from standing in elections.
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The Maldives took control of Male international airport from India’s GMR Infrastructure Ltd. last night after a court allowed the island-nation to take over the facility following the cancellation of a contract.
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The former president of the Maldives was arrested as he campaigned for an election scheduled for September, a move his office said was evidence the government is not committed to a free vote.
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GMR Infrastructure Ltd., operator of the Maldives’ biggest airport, fell the most in a week in Mumbai after the island-nation canceled the Indian company’s contract to run the facility.
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GMR Infrastructure Ltd. may lose control of Male international airport in the Maldives after a Singapore court allowed the island-nation to take over the facility following cancellation of the contract.
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The Maldives, a country threatened by climate change, should consider taxing wealthy tourists at its resorts to help pay for measures to make the island-nation carbon-neutral, a report for the government said.
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India criticized the Maldives after the island-nation scrapped a contract to run its largest airport without consulting the operator, a group led by Bangalore-based GMR Infrastructure Ltd.
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GMR Infrastructure Ltd. , controlled by Indian billionaire G.M. Rao , is in talks with Axis Bank Ltd. on a loan of about $360 million to fund an airport project in the Maldives.
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