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J Crew weighs Madewell IPO in crowded jeans market

Bloomberg Blue jeans are having a moment. At least that’s what J Crew Group Inc is hoping as it considers bringing its Madewell business to the public markets in the wake of rival Levi Strauss & Co’s own $623 million offering. Madewell, the denim focussed starlet of the J Crew family, could go public as soon as the second half ...

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Abu Dhabi signs deal with Microsoft to create ‘cloud centre of excellence’

Emirates Business The Abu Dhabi Smart Solutions and Services Authority (ADSSSA) announced it has signed a memorandum of understanding (MoU) with Microsoft to establish a ‘cloud centre of excellence’ that will aim to build its capacity for the delivery of cloud services and platforms, as well as upskill the emirate’s public sector workforce. This partnership is aligned with ADSSSA’s strategy ...

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Oil bullishness at 2019 high as price rally stays

Bloomberg Oil optimists pushed bullish wagers to a six-month high as the rally in prices continued. Money managers raised optimistic wagers on Brent crude for a fifth straight week while closing out pessimistic bets by the most since January as turmoil in major oil-producing nations heightened supply concerns. Short-selling bets on the global benchmark plunged by 18 percent, according to ...

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