Bloomberg Airbus SE’s deal to take a controlling stake in the Bombardier Inc. C Series jetliner programme could be finalised by the time of the Farnborough Air Show this summer, according to people familiar with the matter. Antitrust approval for the plan, which the planemakers had been seeking by the end of the year, is likely to come earlier than ...

Bloomberg The collapse of Toys ‘R’ Us Inc. is yet another blow for landlords, who now will have gaping holes of suburban retail space up for grabs. And few tenants would want them. The debt-laden toy chain, with more than 700 stores across the US, became one of the largest victims of the retail decline when it announced that it ...

Bloomberg Wesfarmers Ltd.’s plan to spin off its Coles supermarket and convenience stores could put the Australian retailing giant in play. The business, which generated A$39.2 billion ($30.5 billion) in sales from 2,500 stores in fiscal 2017, could be attractive to a buyer looking to make a big splash Down Under, Citigroup Inc.’s Sydney-based credit specialist Anthony Ip said. “We ...

Bloomberg In its race to catch Amazon.com Inc. in online retailing, Walmart Inc. issued misleading e-commerce results and fired an executive who complained the company was breaking the law, according to a whistle-blower lawsuit. Tri Huynh, a former director of business development at Walmart, claims he was terminated “under false pretenses” after repeatedly raising concerns about the company’s “overly aggressive ...

ABU DHABI / WAM Mohammed bin Kardous Al Ameri, Chairman of the Defence, Interior and Foreign Affairs Committee at the Federal National Council (FNC) met Marko Mihkelson, Chairman of the Foreign Affairs Committee of the Parliament of Estonia (Riigikogu), in Abu Dhabi. Al Ameri emphasised the importance of exchanging visits by the representatives of the parliamentary bodies of the two ...

DUBAI / WAM Dubai International Financial Centre (DIFC) announced on Saturday the completion of ‘The Exchange’ building. Located in DIFC’s Gate Village, The Exchange is a Ground + 8 storey building with a total leasable area of 147,000 sqft, of which 114,000 sq. ft. is office space and 33,000 sqft is retail space. The AED180 million building comprises 5 basement ...

ABU DHABI / WAM Adnoc Distribution has unveiled a partnership with global retail brand Géant, in a clear signal that the UAE’s largest fuel and convenience store retailer is becoming more customer-centric in an effort to boost its financial performance. Under the agreement with Urban Foods, which operates Géant in the UAE, ten existing Adnoc Distribution convenience stores will be ...

Bloomberg Large digital companies operating in the European Union, such as Alphabet Inc. or Twitter Inc., could face a 3% tax on their gross revenues based on where their users are located, according to a draft proposal by European Commission. The draft was circulated and outlines how a targeted levy on gross revenues would increase the tax bill digital giants ...

Bloomberg Global finance chiefs are set to warn that the broadest and stro-ngest economic expansion since the turn of the decade would be thrown into jeopardy if governments turn inward. In the draft of a statement that finance ministers and central bankers will discuss during talks in Buenos Aires beginning on Monday, the Group of 20 repeated a pledge to ...

DUBAI / Emirates Business DP World Group Chairman and CEO Sultan Ahmed Bin Sulayem has inaugurated a new manufacturing unit for the Momin Group at Jebel Ali Free Zone (Jafza). The facility has a built-up area of over 10,000 sqm for production of vegetable ghee, soft oils such as corn, canola and sunflower and processing of soya bean oil for ...