Bloomberg Lord & Taylor began 2019 by closing its massive New York store after more than a century in business. It will end the year by opening a tiny new one. The department store will return to Manhattan this holiday season as a temporary shop, according to a person familiar with the matter who asked not be identified because the ...

Bloomberg EasyJet Plc is set to return to Britain’s benchmark FTSE 100 index six months after the budget carrier was demoted, the benchmark compiler said. The airline will replace specialist insurer Hiscox Ltd., which will be relegated to the FTSE 250, according to a statement from FTSE Russell. The index review will be based on closing prices on Tuesday and ...

Bloomberg In the heart of New Delhi’s largest wholesale bazaar, merchants who normally compete with each other have united against a common enemy. “Amazon, Flipkart!” one merchant after another shouts into a microphone from a small stage in Sadar Bazaar’s central traffic circle. Some 50 other shopkeepers gathered around shout back in unison: “Go back! Go back!” The sit-in, which ...

ABU DHABI / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces and HRH Prince Mohammed bin Salman bin Abdul Aziz, Saudi Arabia’s Crown Prince, Deputy Prime Minister and Minister of Defence, have presided over the second meeting of the Saudi-Emirati Coordination Council in Abu Dhabi ...

NEW YORK / WAM President His Highness Sheikh Khalifa bin Zayed Al Nahyan has reiterated the UAE’s support for the aspirations of the Palestinian people to self-determination, highlighting the country’s regional and international efforts to ease their suffering. He made this statement as part of a solidarity message directed to Ambassador Cheikh Niang, Chair of the United Nations, UN, Committee ...

Bloomberg President Donald Trump declared that talks with China on the first phase of a trade deal were near completion after negotiators from both sides spoke by phone, signaling progress on an accord in the works for nearly two years. “We’re in the final throes of a very important deal,” Trump told reporters at the White House. “It’s going very ...

Bloomberg Oil sank as production hit a record high and refinery demand slipped, pushing stockpiles higher across US. Futures fell as much as 0.8% in New York after Energy Information Administration (EIA) reported that the US commercial crude inventories rose 1.57 million barrels last week and output hit 12.9 million barrels a day. The EIA report also showed gasoline inventories rose ...

DUBAI / WAM The Ministry of Economy (MoE) launched a new plan to develop National Programme to Support Young Innovative Companies to stimulate national entrepreneurship and increase the number of projects in line with the country’s innovation standards. The plan, developed by the National Programme for SMEs, in MoE, was launched in cooperation with its partners, including 15 federal and ...

HANOI / WAM Vietnam attracted $31.8 billion in Foreign Direct Investment (FDI), in the first eleven months of 2019, up 3 percent year-on-year, according to the Foreign Investment Agency (FIA), under the Ministry of Planning and Investment. Of the figure, $14.68 billion was poured into 3,478 new projects, up 28 percent for the number of projects but down 7 percent ...

ABU DHABI / WAM The Federal Tax Authority (FTA), is finalising its preparations to implement Cabinet Decision No. (52) of 2019 on excise goods, excise tax rates, and the methods of calculating excise price, which comes into force on December 1. The decision was taken to expand the scope of Excise Tax to include sweetened drinks, electronic smoking devices and ...