BLOOMBERG Amazon.com Inc’s share of online orders spiked in the final days of the holiday shopping season, demonstrating how big investments in delivery speed paid off with procrastinating shoppers looking for a wide selection of products they could get quickly. Amazon captured 29% of global order volume in the final two weeks before Christmas, up from 21% the week of ...

BLOOMBERG Meituan has become Hong Kong’s second-largest food delivery platform since debuting in the city last May, a sign that splashy subsidies are boosting the company’s first major foray outside mainland China. The internet firm’s sister app “KeeTa” accounted for 37% of the local food delivery market in December, according to data from Measurable AI, a Hong Kong-based firm that ...

BEIJING / WAM The Chinese Academy of Sciences’ Centre for Forecasting Science released a report, projecting that China’s economy will sustain steady growth in 2024, with an estimated GDP growth rate of approximately 5.3 percent. According to China Daily, the report indicated that in 2024, the year-on-year growth rates for the primary, secondary and tertiary industries’ output are expected to ...

ABU DHABI / WAM In line with Abu Dhabi University’s (ADU) ongoing efforts to provide students with a world-class academic experience, the University’s College of Health Sciences signed a Memorandum of Understanding with Universiti Sains Malaysia’s (USM) School of Health Sciences, a leading Malaysian research university, to further enhance research, educational programs, and training in the field of health science. ...

ABU DHABI / WAM Adnec Group have announced Edge Group as a strategic partner for the sixth edition of the Unmanned Systems Exhibition (UMEX) and Simulation and Training Exhibition (SimTEX) 2024, and its accompanying conference, which will be held under the patronage of HH Sheikh Hazza bin Zayed Al Nahyan, Deputy Ruler of Abu Dhabi. The UMEX and SimTEX 2024 ...

ABU DHABI / WAM Al Ain University has announced the restructuring of its Board of Trustees, with Sheikh Theyab bin Tahnoon bin Mohammad Al Nahyan appointed as Chairman. The new Board also includes Dr Nooraldeen Subhi Atatreh as Vice Chairman, Dr Abdul Rahim Ibrahim Al Nuaimi, Alia Abdullah Al Mazrouei, Dr Abdul Rahman Mahmoud Al Afifi, Dr Abdul Aziz Abdul ...

ABU DHABI / WAM His Highness Sheikh Mansour bin Zayed Al Nahyan, Vice President, Deputy Prime Minister and Chairman of the Presidential Court, chaired the meeting of the Ministerial Development Council. The meeting, held at Qasr Al Watan in Abu Dhabi, addressed a number of legislations, policies and initiatives to develop the government work ecosystem. The agenda of the meeting ...

BLOOMBERG China’s stock market suffers from a lack of positive drivers as the new year begins, and Beijing’s support efforts are likely to keep falling flat amid persistent risks. Those are the key takeaways from an informal survey of 23 mostly mainland-based analysts and money managers by Bloomberg News. Geopolitical tensions, China deflation and a possible US recession are seen ...

BLOOMBERG Stocks and bonds steadied with many investors clinging to sidelines ahead of a key US inflation report. Oil prices fell. US equity futures posted modest gains while Europe’s Stoxx 600 index erased a loss to trade little changed. Brent traded lower near $77 a barrel, reversing an earlier gain following more attacks on vessels in the Red Sea that ...

AHMEDABAD/ WAM The visit of President His Highness Sheikh Mohamed bin Zayed Al Nahyan has captured significant attention across Indian media during his meeting with Narendra Modi, Prime Minister of India, signifying the strengthening ties between the two countries. The visit of President His Highness Sheikh Mohamed bin Zayed Al Nahyan has taken centre stage in Indian media, with newspapers ...