Bloomberg Target Corp. is the first brick-and-mortar retailer to carry the Quip toothbrush, as the retailer adds yet another startup brand hatched on the web. The cheap-chic merchant now offers Quip’s electric brushes in all its stores and online, and will include the product in its holiday gift guides. The $40 battery-powered metal toothbrush comes in four colors, and customers ...

Bloomberg The same Toys “R” Us Inc. lenders that have been taking heat for their role in the decision to liquidate the company in March are now working on bringing the brand back to life, according to new court documents. In a bankruptcy court filing, the funds that now control Toys “R” Us said they’d canceled a plan to auction ...

Bloomberg For traders betting on the death of America’s malls, being right and making money are proving to be two very different things. Reminiscent of Michael Burry of “The Big Short” fame, these hedge funds have piled into a trade that could reap huge profits if loans taken out by beleaguered mall and shopping-center operators eventually go bust. While the ...

ABU DHABI / WAM The UAE federal budget over the coming three years carries forward a profound message that reaffirms the government’s unswerving determination to forge ahead with its ambitious developmental and investment strategy with the ultimate goal of ensuring the well-being of our human capital, being the core and crux of our comprehensive developmental drive. Approved by the Cabinet ...

Bloomberg The US and Canada have agreed on a trade deal that would save the North American Free Trade Agreement as a trilateral bloc, according to three people familiar with the matter. US and Canadian negotiators worked around the clock to secure an agreement, allowing leaders from those nations and Mexico to sign the accord by late November. The 24-year-old ...

DUBAI / WAM Dubai Startup Hub, an initiative of the Dubai Chamber of Commerce and Industry, announced the signing of several deals among three UAE-based companies, namely Emirates NBD, Nikai Group, and Sanofi, and start-ups that were selected as winners of the Market Access programme’s second cycle. A total of four memoranda of understanding (MoUs), were unveiled during a deal-signing ...

ABU DHABI / WAM Ahmed Mohammed Sharif Al Khouri, Director-General of the Federal Transport Authority – Land and Maritime (FTA), on Monday received Samuel Tan, Ambassador of Singapore to the UAE, and discussed the means of strengthening the cooperation between both sides and exchanging expertise, especially in the land and maritime sectors, as well as benefitting from the latest practices. ...

Bloomberg The International Monetary Fund (IMF) is poised to cut its forecast for global growth as Managing Director Christine Lagarde warns trade wars and tighter credit are darkening the outlook. Three months since predicting the world economy would grow 3.9 percent this year and next, Lagarde signaled in Washington that she is no longer quite so optimistic. The fund will ...

DUBAI / WAM The Emirates Authority for Standardisation and Metrology (ESMA), has set up an awareness workshop in Dubai targeting 250 gold, jewellery and precious metal dealers nationwide to raise awareness of Federal Law No. 11 of 2015 on the control, trade, and stamping (or marking) of precious stones and metals and its executive regulations. During the workshop, Abdullah Al ...

Abu Dhabi / WAM The Abu Dhabi National Energy Company (Taqa) has been recognised for its approach to investor relations at the Middle East Investor Relations Association (MEIRA) awards. TAQA, which operates in power and water as well as oil and gas in 11 countries, was awarded first place in the best investor relations website category at the MEIRA awards. ...