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Ras Al Khaimah, Austria to boost economic cooperation

RAS AL KHAIMAH / WAM The Ras Al Khaimah Chamber of Commerce and Industry and the Austrian Embassy in the UAE met to discuss opportunities for economic and commercial cooperation between Ras Al Khaimah and Austria. The goal of the meeting was to explore ways to create strong bilateral partnerships that will benefit the business communities of both countries. The ...

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UK’s John Lewis cancels employee bonus, warns jobs cuts

BLOOMBERG John Lewis Partnership Plc cancelled staff bonuses for the second time in three years and warned of fresh job cuts after reporting a large loss amid intense competition in the British retail market. The owner of the John Lewis department store and upmarket grocer reported a £234 million ($283 million) loss for the full year, driven in large part ...

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Dollar General to spend extra $100m on stores

BLOOMBERG Dollar General Corp said it would spend an extra $100 million on its stores, mostly to increase staffing, after incurring a series of fines from the US government over working conditions. The investment will be “primarily in incremental labour hours,” Chief Executive Officer Jeff Owen said in a statement as Dollar General reported earnings. The spending will help the ...

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