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UAE leaders wish Hungarian President on country’s National Day

ABU DHABI / WAM UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan has sent a congratulatory message to President Katalin Novák of Hungary on her country’s National Day. His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, and His Highness Sheikh Mansour bin Zayed Al Nahyan, Vice ...

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Estée Lauder outlook misses as duty-free sales lag in Asia

BLOOMBERG Estée Lauder Cos gave a profit outlook that fell short of estimates, a sign the beauty company expects continued struggles in its crucial travel retail business in Asia. The owner of the MAC and Tom Ford brands said it sees those struggles causing a net loss as well as a sales decline of 10% to 12% in the current ...

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Slimfast demand slumps as dieters turn to weight loss drugs

BLOOMBERG Sales of SlimFast, the meal replacement shakes, have dropped in the US as people turn to new blockbuster weight-loss drugs instead. Consumption of Slimfast was down 33% in the 12 weeks to July 16 compared with a year earlier, according to Glanbia Plc, the owner of the brand, which released its first-half earnings statement. Injectable drugs to help people ...

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