BLOOMBERG L’Oreal SA shares fell after the cosmetics maker reported weaker-than-expected sales growth, hurt by a challenging travel retail market in China and Korea. Like-for-like sales rose 11.1% in the third quarter, the French company said, below analysts’ estimates. Sales in the North Asia region unexpectedly tumbled 4.8%. “North Asia continued to be impacted by the reset in travel retail …

BLOOMBERG Hong Kong-based Greater Bay Airlines Co plans to expand its route network into mainland China next year, belatedly entering an essential market after the country remained off limits during the Covid pandemic. The carrier, a new entrant to an Asian hub dominated by Cathay Pacific Airways Ltd, will first fly to Shanghai and Beijing, and then gradually to cities …

DUBAI/ GULF TIME Microsoft offered a glimpse into the AI-powered future of cities and workplaces at GITEX Global 2023. Under the show’s theme “The Year to Imagine AI in Everything,” Microsoft’s demonstrated how AI will revolutionize the way we live and work. Participating alongside 32 of its partners, Microsoft showcased the latest AI solutions and services designed to transform the …