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Tesco bucks UK holiday retail gloom as smaller stores slump

Bloomberg In an increasingly tough UK retail environment where the looming threat of Brexit has ground down consumer confidence, the holiday-shopping season was all about survival of the fittest. Tesco Plc, the country’s biggest retailer, weathered brutal price pressure and a decline in shopper visits better than smaller rivals, posting Christmas sales that beat expectations. But other stores more exposed ...

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UAE launches global call to action on sustainability

ABU DHABI / WAM Abu Dhabi Sustainability Week (ADSW) on Wednesday launched the #WeAreCommitted campaign, calling on the global community to pledge their support to sustainability. The online campaign has brought together Sheikhs, government ministers, amba-ssadors, business leaders, and young innovators to share their commitments. According to economic analysis, tackling sustainability-related challenges could save the global economy up to $30 ...

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Startup funding in Mena up 31% to AED3.28bn

DUBAI / Emirates Business Startup funding across Mena region witnessed a strong growth in 2018 with record number of transactions, according to a report released by Magnitt — leading data platform tracking the region’s startup ecosystem. The 2018 Mena Venture Investment Report — which provides an in depth analysis of startup funding across the Middle East and North Africa — ...

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