Bloomberg Vincom Retail JSC, the Vietnamese mall operator backed by Warburg Pincus, has started taking investor orders for a domestic initial public offering that could raise as much as $680 million. Existing shareholders including Warburg Pincus and Credit Suisse Group AG are offering a combined 380.2 million shares at 37,000 dong to 40,600 dong apiece, according to terms for the ...

Bloomberg Hainan Airlines Holding Co., a unit of China’s HNA Group Co., moved to increase its stakes in three domestic carriers for 5.6 billion yuan ($850 million), continuing a buying spree as Beijing steps up scrutiny of the parent company’s acquisitions. Hainan Airlines plans to buy 10.3 percent of China Xinhua Airline Group Co., 37.6 percent of Changan Airlines and ...

Bloomberg Taco Bell took over the fashion district in Los Angeles. Yes, the same Taco Bell that serves up double-decker taco supremes and chicken chalupas held a full-fledged runway show. The show was put on to promote Taco Bell’s new fashion collaboration with Forever 21. Quirkiness is a signature of the fast-food chain, which often uses odd marketing to stay ...

Bloomberg Italian fashion house Gucci plans to drop animal fur from its collections, showing how concerns about responsible business practices that originated with the Birkenstock brigade have galvanised an industry known for its celebration of excess. The Milan-based maker of $1,000 fur-lined slippers, part of French luxury conglomerate Kering, will sell its remaining fur items in a charity auction, the ...

Bloomberg Airlines including Ryanair Holdings Plc and IAG SA’s Aer Lingus and British Airways are set to ground hundreds of flights and said more cancellations are likely as 90-mile per hour winds from Storm Ophelia slammed into Ireland. Ryanair halted 92 flights from across Europe as of 11:25 am Irish time, according to updates on its website. Dublin-based competitor Aer ...

Bloomberg The death toll from a truck-bomb blast in Somalia’s capital climbed to more than 200 people, as the African Union urged greater international backing for the government’s fight against extremists. The explosion, the nation’s deadliest single attack, killed at least 231 people and injured 275 others, the Associated Press reported, citing Senator Abshir Abdi Ahmed. The blast occurred on ...

SHARJAH / WAM The Sharjah Islamic Bank (SIB), posted a net profit of AED360 million for the nine months of 2017 compared to AED335.8mn for the same period last year, a 7.2% increase. Total assets reached AED37.8bn at the end of Q3 of 2017, compared to AED33.5bn at the end of 2016. Liquid assets hit AED 8.2bn or 21.6% of ...

Bloomberg Artificial intelligence (AI) could add $837 billion to UK economy by 2035, a government-commissioned report said. The economic boost would come from a combination of more personalized services, improvements in health care and adopting machine learning to find ways to use resources more efficiently, according to the report. “The UK could stay among the world leaders in AI in ...

ABU DHABI / WAM Juma Mohammad Al Keet, Assistant Under-Secretary for the Foreign Commerce Sector at the Ministry of Economy, discussed ways of promoting economic cooperation with Italy on behalf of the UAE, during the first Italian-Arab Business Forum held in Milan. Saqr Nasser Al Raisi, UAE Ambassador to the Republic of Italy, and Abdullah Hassan Al Shamsi, Consul-General of ...

Abu Dhabi / WAM The UAE Cabinet, chaired by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of UAE and Ruler of Dubai, adopted the Government Communication Strategy 2017-2021. It includes a set of strategic objectives and national priorities to achieve optimal communication mechanisms and promote an integrated government communication system for federal entities. His ...