Bloomberg Consumer giant Unilever Plc and the Spanish company behind Paco Rabanne perfumes are among beauty heavyweights competing to buy celebrity makeup brand Charlotte Tilbury. L’Oreal SA of France, Estée Lauder Cos in New York and Japanese beauty company Shiseido Co also made bids for the London-based brand, the people said, asking not to be identified as the matter is ...

Bloomberg Scandinavia’s biggest network airline, SAS AB, is eliminating as many as 5,000 jobs, marking the first permanent staff cuts by a major European carrier in the face of collapsing travel demand. The Stockholm-based company said that the dismissals, amounting to 40% of the workforce, are necessary because employees have an average notice period of six months and it needs ...

Bloomberg The luxury brand Burberry is famed for plaid scarves and $1,800 trench coats. But for employees at its only warehouse in the US — operating as an “essential business” during the pandemic — daily standard issue in the time of Covid-19 is this: one surgical mask, one disinfectant wipe. For weeks, employees have been growing increasingly anxious about working ...

Bloomberg Boeing will resume 787 Dreamliner production at its South Carolina factory next week. Most South Carolina employees will get back to work on May 3 or May 4, Boeing said. The return includes all operations that were temporarily suspended because of the Covid-19 pandemic. The planemaker is restarting its commercial-jet factories as the Covid-19 infection rate starts to abate ...

Bloomberg Oil prices plunged to within a whisker of $10 a barrel after a major index tracked by billions of dollars in funds bailed out of near-term contracts for fear prices may turn negative again. The abrupt decision by S&P Global Inc. to tell clients to sell their June West Texas Intermediate holdings unleashed another day of chaos in the ...

New York / WAM During the open debate of the UN Security Council (UNSC) on the fifth anniversary of the Youth, Peace and Security Agenda, the UAE encouraged the council to invite more young leaders to brief on a regular basis to reflect on individual experiences while pursuing peace and security in their societies. The UAE also urged the international ...

Abu Dhabi / WAM The Federal Authority for Nuclear Regulation (FANR) is dedicated to optimising the skills, processes and resources needed to excel and realise its vision of being globally recognised as a leading nuclear regulator. Capacity building for Emiratis in the nuclear sector has been a FANR priority from the outset. FANR has 244 staff of whom 67 percent ...

DUBAI / WAM The Dubai Financial Market (DFM) on Tuesday officially launched its new subsidiaries, Dubai Clear and Dubai CSD. Dubai Clear is the region’s first independent company central counterparty (CCP) for equity clearing, and Dubai CSD is the UAE’s first independent central securities depository (CSD) company. To celebrate the official launch of the two new companies, the DFM organised ...

SHARJAH / WAM The UAE’s integrated environmental, recycling and waste management company – Bee’ah – has launched disinfection pods for businesses to safeguard public health during the Covid-19 outbreak. “The advanced solution can be placed at entrance of facilities, complexes, buildings or high-risk areas to eradicate viruses, bacteria and other microorganisms on a person or on their clothing in under ...

SHARJAH / WAM The Sharjah Chamber of Commerce and Industry (SCCI) succeeded in strengthening its digital systems and smart platforms and providing a bundle of e-services for its members and customers without need to come in person to SCCI headquarters or its various branches. Abdullah Sultan Al Owais, Chairman, SCCI, said, “The SCCI has developed an integrated system of smart ...