BLOOMBERG Lululemon Athletica Inc, Abercrombie & Fitch Co and American Eagle Outfitters Inc raised their sales outlooks on Monday on the back of a strong holiday quarter, bucking fears of consumer weakness amid stubbornly high inflation and elevated interest rates. The upgrades come after what had been a more cautious tone in the retail industry. Nike Inc said in December ...

ABU DHABI/ WAM The Emirates Red Crescent (ERC) has finalised preparations to send a vital shipment of winter clothing to the Gaza Strip, bolstering UAE efforts under the ‘Gallant Knight 3’ humanitarian operation. This timely aid addresses the urgent need for warmth during the region’s harsh winter. The Authority explained that 400,000 winter jackets, manufactured in Egypt, will be delivered ...

BLOOMBERG The Australian dollar’s late 2023 rally faces a new hurdle with inflation data expected to strengthen the case for earlier interest-rate cuts by the Reserve Bank. The Aussie jumped nearly 10% against the greenback from late October through December as the RBA sounded hawkish while traders priced Federal Reserve rate cuts this year. The rally may struggle to extend ...