BLOOMBERG As Instacart started trading on the Nasdaq on Tuesday, investors weren’t betting on a grocery-delivery company. They’re betting on a data and advertising business. The company, best known for its army of gig-economy workers filling grocery orders, has spent years building up its ad division — a higher-margin operation that capitalises on a trove of shopping data. That evolution ...

BLOOMBERG H&M’s revenue growth unexpectedly ground to a halt as shoppers turned away from the Swedish retailer, which has been raising prices while rivals  offer bottom-dollar discounts. Sales growth was flat in constant currencies during the three months through August, missing analysts’ estimates. The low-cost fashion retailer has been allowing prices to creep up lately, according to RBC analyst Richard ...

DUBAI \ GULF TIME The Chairman of First Iraqi Bank, Mr. Kawa Junaid has been recognized as the Best Entrepreneur of the Year at the renowned Murex D’or Awards. This prestigious accolade is a testament to Mr. Kawa’s outstanding leadership, vision, and unwavering commitment to the banking industry and the economic growth of Iraq. The Murex D”or Awards, a highly ...