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Amazon Go faces unlikely challenge from checkout-free startup

Bloomberg Alarmed at Amazon.com’s rapid growth in Europe, grocers are considering fighting back with the help of a tiny Portuguese startup. Sensei, a 16-month-old technology company based in Lisbon that’s backed by Germany’s Metro AG and Portugal’s Sonae SGPS SA, is pitching its technology to European supermarkets as they race the e-commerce giant to open the region’s first checkoutless stores. ...

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UAE non-oil private sector gains momentum

DUBAI / Emirates Business The UAE’s non-oil private sector has maintained a solid monthly improvement, according to the latest Purchasing Managers’ Index (PMI) issued by Emirates NBD. The improvement in business conditions reflected sharper increases in output, new orders and stocks of purchases, as well as a return to job creation. These all in some way were linked to anecdotal ...

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Start-ups to provide 50% of all new jobs

Dubai / WAM Start-ups and other young companies can provide around 50 percent of all new job prospects in the market at the seed stage and those operating for two and a half years hiring an average of 12 workers. Several reports reveal that start-ups generate significant employment opportunities globally, helping drive immense economic growth prospects. The role of start-ups ...

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