Bloomberg Creditors of Toms Shoes LLC, the popular footwear seller that’s been struggling to weather declining sales amid a pile of looming debt, have agreed to take over the company in exchange for restructuring its debt. The group of creditors, led by Jefferies Financial Group Inc., Nexus Capital Management LP and Brookfield Asset Management Inc. will assume the ownership from ...

VIENNA / WAM The UAE is strictly committed to its nuclear policy principles of transparency, safety and security, sustainability and international cooperation to ensure that its Peaceful Nuclear Energy Programme is developed in line with the highest standards, said Hamad Al Kaabi, Ambassador and Permanent Representative of the UAE to the International Atomic Energy Agency (IAEA). In a statement made ...

DUBAI / WAM Dubai’s non-oil foreign trade volumes surged to 83 million tonnes in the first nine months of 2019, an increase of 22 percent year-on-year from 68 million tonnes in the corresponding period last year. The volume of re-exports skyrocketed 48 percent to reach 13 million tons. Exports rose by 47% to 14 million tonnes while imports grew by ...