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Bloomberg A cyberattack at Dixons Carphone Plc affected almost 6 million payment cards as hackers sought access to customers’ personal data in another challenge for new Chief Executive Officer Alex Baldock. The retailer, already struggling with a slowing mobile phone market in the UK and the rise of Amazon.com Inc., said 1.2 million records containing nonfinancial information such as names, ...

Bloomberg US inflation accelerated in May to the fastest pace in more than six years, reinforcing the Federal Reserve’s outlook for gradual interest-rate hikes while eroding wage gains that remain relatively tepid despite an 18-year low in unemployment. The consumer price index rose 0.2 percent from the previous month and 2.8 percent from a year earlier, matching estimates, a Labor ...

Bloomberg President Donald Trump’s summit with North Korean leader Kim Jong-un produced a historic handshake but all of the work to make the deal a reality lies ahead, with no benchmarks for progress, follow-up meetings scheduled or even common agreement on what success would look like. The lack of any details contributed to an air of skepticism in Washington about ...

MAKKAH / WAM President Abdrabbuh Mansour Hadi of Yemen received His Highness Sheikh Abdullah bin Zayed Al Nahyan, UAE Minister of Foreign Affairs and International Cooperation, to take a stock of the latest developments in Yemen, ongoing efforts to restore stability to all Yemeni territories and the delivery of humanitarian and relief assistance to the fraternal Yemeni people. His Highness ...

Dubai / WAM Dr Ahmad bin Abdullah Humaid Belhoul Al Falasi, Minister of State for Higher Education and Advanced Skills, said that the UAE will lead the advanced skills portfolio through its forward-looking approach and will be launching several projects and initiatives in this regard. The minister’s remarks came during the second season of the Dubai Future Academy’s ‘Pioneer Series’ ...

DUBAI / WAM Sultan bin Saeed Al Mansouri, Minister of Economy (MoE), said that preliminary estimates issued by the Federal Competitiveness and Statistics Authority (FCSA), indicate growth in the economic performance of the UAE in general; which came as a result of growth in oil resources and rise in international oil prices and growth in non-oil sectors. Al Mansouri also ...

Abu Dhabi / Emirates Business The Department of Culture and Tourism – Abu Dhabi (DCT Abu Dhabi) in association with the Department of Economic Development of Abu Dhabi (DED) has announced a 24-hour mall mega sale, featuring discounts of up to 90 percent, as part of this year’s Eid Fest celebrations. With more than 1,500 stores involved, the sale will ...

Bloomberg China’s restaurant review and delivery giant Meituan Dianping plans to file for an initial public offering of about $6 billion in Hong Kong as soon as this month, according to people familiar with the matter, the city’s second multibillion-dollar public listing by a tech startup this year. The company is considering selling about 10 percent of the company, the ...

Bloomberg Chinese serial entrepreneur Lei Jun has been compared with Steve Jobs. Now, analysts are saying the smartphone giant he built could be twice as expensive as Apple Inc. Xiaomi Corp. deserves to trade at a premium to global phone brands due to its market-share gains and faster growth trajectory, according to research from Morgan Stanley, one of banks leading ...

Bloomberg Almost three decades ago, BlackRock Inc. created software to obsessively monitor the then-fledgling firm’s financial risks. Now, after turning it into an essential tool on Wall Street, the firm is zeroing in another kind of client: financial advisers. The world’s largest asset manager is marketing its risk analytics software, known as Aladdin, to the army of wealth managers who ...