Bloomberg Folli Follie’s network of stores in its key Chinese market shrank by more than half last year even as its sales in Asia increased, according to the latest figures published by its parent company FF Group this week. The main brand of the Greek retailer reported 113 points of sale in mainland China in a document published and reviewed …

Bloomberg Rolls-Royce Holdings Plc plans to quit its headquarters in one of London’s swankiest districts for cheaper offices as the company seeks to bring down long-term expenses and cover the more immediate costs of fixing a faulty jet-engine model. Rolls-Royce needs a “smaller, more cost-effective London head-office location” than the current premises midway between the Houses of Parliament and Buckingham …

Emirates Business In yet another blow to Qatar and its covert financing to terrorist group aiming to destabilise the region, the Trump administration has called on Doha to stop funding pro-Iranian militias following revelations about the Gulf state’s dealings with terror groups in the Middle East. Securities officials of the United States are concerned about Qatar’s links to a number …

GUANGZHOU / WAM Ali Obaid Ali Al Dhaheri, UAE Ambassador to China, has met with Chen Liangxian, Vice-Governor of Guangdong Province, China, in the presence of Rahma bin Abdulrahman Al Shamsi, UAE Consul-General in Guangzhou, China. During the meeting, they discussed the opportunities available between the two countries in the trade, investment and tourism sectors. Liangxian emphasised his province’s keenness …

ABU DHABI / WAM British nationals have invested $8.47 billion (AED31.1 billion) in Dubai’s real estate during the last four years (2014-2017), according to the statistics released by Dubai Land Department (DLD). The United Kingdom is one of the largest investment source markets for Dubai’s real estate. Following the Brexit vote in 2016 and subsequent move for separation from European …

Bloomberg Mexico has taken the first steps in the world’s largest annual oil deal, asking Wall Street banks and other traders for quotes to lock-in its income from production through next year, according to people familiar with the matter. The country has been asking counterparties this week for quotes to hedge output, the people said, asking not to be identified …

Bloomberg At Memphis International Airport, drones may soon be inspecting planes and delivering airplane parts for FedEx Corp. In Reno, Nevada, they will test airlifting life-saving defibrillators to patients. And customers in Virginia could get goods they ordered from Alphabet Inc.’s flying devices. A who’s who of technology and aviation companies won US approval on May 9 to push the …

Bloomberg Looking to sell its customers on the latest and greatest smart-home technology, builder Lennar Corp. flirted with Siri. Now it’s decided to go steady with Alexa. Lennar’s model homes — equipped with video doorbells, Sonos speakers and Amazon.com Inc.’s voice-activated Echo (known by its wake-word, “Alexa”) — will double as Amazon Experience Centers, the tech giant said. The builder, …

Bloomberg Wells Fargo & Co. is adding a new tool to make its mobile app easier to use as the bank tries to keep Silicon Valley innovators from stealing more customers. “Pay with Wells Fargo” will be an option on the app’s home screen that lets customers select their most commonly used features, such as the peer-to-peer payment service Zelle, …

Bloomberg NASA is working toward a future when humans will walk on the surface of Mars. But first it’s going to try flying a drone through the air. The Mars Helicopter, a small, self-flying aircraft designed specifically for the Red Planet, will be included in the space agency’s next rover mission in 2020 to beam back a birds-eye view of …