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Bloomberg Walmart Inc. has asked its cosmetics suppliers to consider sourcing their goods in countries outside of China, one of the first signs that the world’s largest retailer hopes to dilute the impact of the Trump administration’s looming tariffs. A “large amount” of items in the cosmetics category fall under the most-recent proposed levies on Chinese goods, according to an ...

Bloomberg Elon Musk scrapped his plan to take Tesla Inc. private, a remarkable reversal more than two weeks after blindsiding employees and investors with the idea in a bombshell tweet. In a blog post, Tesla’s chairman, CEO and largest shareholder said he had met with the board and “let them know that I believe the better path is for Tesla ...

Bloomberg The head of the World Trade Organization (WTO) said the UK risks trade disruption in the event of a no-deal Brexit because it is “very unlikely” to have agreed tariffs and quotas with the other WTO members in time. “The moment that other countries begin to sense an opportunity to increase their market share or increase a quota here ...

Bloomberg Home-rental providers Airbnb Inc. and HomeAway are suing New York City over a recently passed law that allows the collection of data on the websites’ hosts, claiming the ordinance violates users’ constitutional rights. Airbnb is hoping to avoid millions in losses when the law, designed to police short-term home rentals, takes effect this winter. The New York City legislation, ...

ABU DHABI / WAM The Khalifa Fund for Enterprise Development has issued a final call for applications for the fourth edition of “Ibtikari” (My Innovation), an intensive six-month incubator aimed at helping Emiratis advance their technology start-ups. The deadline to apply is August 31. This year’s updated version of “Ibtikari” is a result of a new partnership between the Khalifa ...

DUBAI / WAM Mariam Hareb Almheiri, Minister of State for Food Security, concluded her trip to Queensland and New South Wales, Australia, by meeting with high-level federal government officials and visiting innovative private sector food production facilities to discuss important issues relating to future food security. Alongside, Dr Obaid Al Hayeri Salem Al Katbi, UAE Ambassador to Australia, and representatives ...

Bloomberg As the European Union tries to resolve differences over Kosovo and welcome new members from the former Yugoslavia, one hopeful may have a tougher issue to overcome. Serbia, the largest of the six Balkan countries the bloc says could join from 2025, is being forced to choose between the benefits of the world’s No. 1 trading alliance and loyalty ...

KHARTOUM / WAM Hundreds of young volunteers provided diagnostic, therapeutic and preventative services for women and children in the White Nile, Sudan, as part of the Sheikha Fatima Global Humanitarian Campaign. Youth workshops on the importance of volunteerism and humanitarianism also took place, coinciding with the upcoming UN WorldHumanitarian Day, sponsored by Dr Widad Babiker, Chair of the Sanad Charity ...

ABU DHABI / WAM The Abu Dhabi City Municipality (ADM) reviewed the best practices of using drones to monitor projects. A delegation from the Zayed City Municipal Center attended a workshop held at the Security Media Department, Abu Dhabi Police GHQ, with the aim of spreading the legal practice of using drones and the criteria for granting permits in this ...

Bloomberg With Brexit talks back from the summer holidays, it’s worth considering one way in which failure to reach a deal before the UK’s departure in March would also be bad for the European Union. Such an outcome would unsettle the City of London, the motor of the British economy. But the danger for the EU is that Britain responds ...