Bloomberg As an online grocer, Ocado Group Plc has always commanded a higher valuation than traditional retailers. But last week’s US deal puts its valuation multiples squarely in-line with Amazon.com Inc., and leagues away from the likes of Tesco Plc and J Sainsbury Plc. The company’s landmark technology-licensing deal with Kroger Co. sent the shares up 44 percent, squeezing short ...

Bloomberg Chinese actress Li Yuchun glides down the hallway of Cannes’ Hotel Martinez in a tuxedo-inspired Jean Paul Gaultier gown and blue-gray pixie haircut, with a pack of L’Oreal videographers trotting backward to stay out of the frame. After striking a few poses on the marble staircase, she heads for the red carpet. The footage is rushed to L’Oreal’s editing ...

DUBAI / WAM Saeed Mohammed Al Tayer, MD and CEO of Dubai Electricity and Water Authority (Dewa) inaugurated a workshop, organised in cooperation with Intel Corporation, one of the largest multinational technology companies in the world. The workshop focussed on available applications to use artificial intelligence (AI) and the use of its innovative technologies in Dewa’s workplace. Organised at the ...