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Debenhams seeks WeWork deal as retail dips

Bloomberg Debenhams Plc is in talks to rent out excess space in its flagship London department store to flexible-office provider WeWork Cos. as the UK’s retail crisis deepens, according to people with knowledge of the matter. The retailer is searching for companies willing to take over large chunks of space in its roughly 240 department stores, many of which are ...

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Trump’s China tariff threat puts Walmart, Nike suppliers on notice

Bloomberg Some of China’s biggest manufacturers that supply US multinationals from Walmart Inc. to Nike Inc. find themselves in President Donald Trump’s crosshairs as his administration discusses new import tariffs. The US is considering taxing imports from shoes and clothing to consumer electronics, putting on the hook companies including Yue Yuen Industrial Holdings Ltd. and Li & Fung Ltd. that ...

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Central Bank: M1 hits AED498bn

ABU DHABI / WAM The UAE Central Bank has announced that the money supply aggregate M1 increased 1.1%, from AED492.4 billion at the end of December 2017 to AED498 billion at the end of January 2018. In a statement, the bank said, “The money supply aggregate M2 increased by 0.1%, from AED1276.2 billion at the end of December 2017 to ...

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