Bloomberg Hurricane Dorian upended Labor Day travel plans for hundreds of thousands of people in the Southeastern US, as fierce winds and torrential rains forced widespread cancellation of rail service and airline traffic. According to FlightAware, a flight-tracking website, airlines cancelled 1,152 flights on September 2. The hardest-hit airport was Fort Lauderdale International in Florida, which closed at noon on …

Bloomberg Fast-fashion giant Zara denied speculation on Chinese social media that the retailer’s employees were supporting anti-Beijing protests that disrupted some of its store operations. “Zara has never made any comments or undertaken any actions related to a strike in Hong Kong,” the company said in a post on its Weibo account. “Zara does not back a strike and supports …

Bloomberg / WAM Emirates NBD Bank (Emirates NBD), on Monday announced its intention to increase Foreign Ownership Limit (FOL), to 40 percent in the future, and will seek necessary approvals from its shareholders and the relevant regulatory authorities, in due course. Emirates NBD also announced the implementation of an immediate increase in its FOL from 5 percent to 20 percent after …