Bloomberg A new mobile app and marketing push weren’t enough to energise sales at Yum China Holdings Inc.’s Pizza Hut in the latest quarter. Systemwide, same-store sales missed analysts’ estimates, rising 3 percent compared with a projection for 3.3 percent growth. The disappointing results sent the company’s shares down as much as 10 percent in late trading in New York. ...

Bloomberg President Donald Trump praised crew members and passengers of a Southwest Airlines flight for their handling of an emergency landing two weeks ago after an engine exploded. Trump met in the Oval Office with five crew members and five passengers from Flight 1380, saying that they were “some incredible people.” The visit, arranged after the White House contacted the ...

ABU DHABI / WAM In line with the UAE Government’s efforts to ensure an efficient implementation of the Value Added Tax (VAT), while employing best international standards and maintaining the competitiveness of the local precious metals sector, the UAE Cabinet adopted a law to introduce the VAT Reversed Charge mechanism for investors in gold, diamond and precious metals. This step ...