Dubai / Emirates Business Let’s Organic, the region’s leading organic products retailer three-day Let’s Organic’s Festival ends on a high note. The sale, which began on February 4, showcased the largest variety of organic products from over 200+ renowned brands with exciting offers and discounts of up to 75% on all products. Customers explored their products both in-store and online ...

Abu Dhabi / Emirates Business As the world assess the impact of Covid-19 pandemic, few things are becoming increasingly clear. One – in the short run (till we have herd immunity or effective vaccine available for all) we have to learn to live with the virus by maintaining the social distancing and be careful in our movements. Second – some ...

Bloomberg A former Royal Dutch Shell Plc natural gas trader in Houston pleaded guilty to a criminal charge related to his role in an illegal scheme that started in 2013 in which he sought to profit by using non-public information obtained from the company. Marcus Schultz disclosed the information to other traders and brokers in a conspiracy to profit from ...

Bloomberg Exxon Mobil Corp was expected to announce board changes, and talks were continuing with investor DE Shaw & Co that might lead to additional director nominations in the weeks ahead, according to people familiar with the matter. DE Shaw met with representatives from the oil giant and presented a list of potential directors, the people said, asking not to ...

Bloomberg China’s crude stockpiles fell to the lowest level in almost a year amid a global drawdown in inventories that’s being driven by a tighter supply-demand balance and higher costs to hoard oil. Inventories capped a seventh weekly decline last week, dropping to 990 million barrels, according to market intelligence firm Kayrros. While that’s the least since February 2020, stockpiles ...

It took all of 15 seconds for Vice President Kamala Harris to render mostly irrelevant a data release that has long been considered one of the most important in the world. The latest read on the US labour market was disappointing, with nonfarm payrolls increasing by just 49,000 in January, falling short of the median estimate of a 105,000 gain ...

The lockdowns of the past year have tempted food delivery companies in the US and Europe to gorge. But they’re filling up on the equivalent of junk food — offerings that accelerate growth but have little nutritional value. Top of the list is grocery deliveries. Platforms such as Uber Eats and Deliveroo have capitalised on more people ordering groceries online ...

Australia’s iron-ore miners could be excused for casting a nervous eye north. With little fanfare, China, the world’s biggest consumer of iron ore, opened its doors to 3,000 tons of Japanese scrap metal. It was the country’s first such import since it imposed a near-total ban on “foreign garbage” in 2019. It won’t be the last. In the short-term, that ...

The demise of the Keystone XL pipeline heralds the beginning of the end for the oil age in the US and Canada. This is a necessary evolution, but it raises many challenges. Workers displaced by the shift away from oil will need new jobs, and energy industry clusters like Houston and Alberta will need new activities to sustain their economies. ...

Bloomberg Deutsche Lufthansa AG’s bid to tap a revival in tourism once coronavirus lockdowns ease has put the German giant on a collision course with its former leisure arm, Condor. Lufthansa is using surplus long-haul jets to target sunspots such as Mauritius, the Dominican Republic and Namibia that are expected to recover before the airline’s bedrock corporate markets. As a ...