Bloomberg Procter & Gamble Co. (P&G) is still the king of diapers and shampoo, but an onslaught of new competition and tighter ordering from traditional retailers is tarnishing the consumer-goods giant’s crown. Investors were lukewarm to the company’s fourth-quarter results, leaving the shares little changed after sluggish organic sales growth. In addition to the new rival products — which range ...

Bloomberg Burberry has changed its logo for the first time in 20 years, revealing the new look via an Instagram post. The British heritage brand’s new logo says “Burberry London England” in stark capital letters, replacing the softer, rounder font the company previously used. Riccardo Tisci, the star designer Burberry hired this year to revamp its brand image, posted screen ...

Bloomberg The plan laid out by Walmart Inc. was bold and startling: One of the biggest private electricity users in the US promised to get half its power from solar and wind by 2025. If successful, Walmart would leap over Google to become the world’s top green-energy buyer. That was November 4, 2016. Days later, Donald Trump was elected president, ...

ABU DHABI / WAM The UAE has expressed its absolute rejection of any interference in the internal affairs of the Kingdom of Saudi Arabia and voiced its vehement support for any actions or policies the country may take or adopt in this regard. ‘‘The UAE stands in solidarity with Riyadh in the confrontation of any foreign interference that may undermine ...

DUBAI / WAM The UAE Council for Artificial Intelligence and Digital Transactions highlighted the impor- tance of training Emiratis and attracting international talent who specialise in data, to achieve the goals of the UAE Strategy for Artificial Intelligence and the UAE Strategy for Digital Transactions, in line with the directives of HH Sheikh Mohammed bin Rashid Al Maktoum, Vice President ...

Bloomberg Crude rose after Saudi Arabian production cuts heightened concerns about tightening worldwide supplies. Futures in New York advanced as much as 1.6 percent on Monday. Saudi Arabia reduced oil production to about 10.3 million barrels a day in July, according to delegates in the Organization of Petroleum Exporting Countries. The kingdom told the group it had pumped 10.489 million ...

ABU DHABI / WAM The Abu Dhabi Chamber of Commerce and Industry issued a resolution to exempt private sector companies and institutions in Abu Dhabi from all fines that are due to delayed membership renewals of 24 months or more, to give them the opportunity to adjust their status until the end of December. Mohammed Hilal Al Muhairi, Director-General of ...

ABU DHABI / WAM The Emirates Nuclear Energy Corporation (ENEC) has successfully completed Hot Functional Testing (HFT) on Unit 2 of the Barakah Nuclear Energy Plant. This significant pre-operational testing process incorporated all lessons learned from the same test on Unit 1 in order to achieve the highest international standards of quality, safety and efficiency. ENEC worked closely with the ...

ADELAIDE / WAM The UAE Space Agency has launched a Mars Summer Camp, running from August 4-12 in Adelaide, Australia, to generate enthusiasm amongst students for science, technology, engineering and mathematics. The Mars Summer Camp was organised in collaboration with the Mike Roach Space Education Centre at Hamilton Secondary College and the Think Science programme of the Emirates Foundation. The ...

DUBAI / WAM Emirates Global Aluminium (EGA) on Monday announced the launch of its 2017 sustainability report detailing the organisation’s values, comm- itments, aspirations and achi-evements in environmental, social and economic performance. In a press statement, EGA said that it aspires to be measured amongst the world’s leading metals and mining companies in meeting its environmental and social responsibilities. EGA’s ...