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US retail sales miss economists’ forecasts

Bloomberg US retail sales rose less than forecast in September, as a broad-based increase was overshadowed by a drop in restaurant receipts that may reflect the impact of Hurricane Florence. The value of overall sales rose 0.1 percent for a second month, compared with the median forecast of economists for a 0.6 percent gain, Commerce Department figures showed. So-called retail ...

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Facial recognition coming to US airport security lane soon

Bloomberg Someday soon you may not have to show a driver’s license or passport at the airport security lane in the US. The Transportation Security Administration unveiled a multistep plan to make increased use of facial recognition and other biometric identification tools to improve accuracy and speed wait times. TSA, which has tested biometric systems in Los Angeles and Atlanta, ...

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Mena M&A deal value hits $45bn

ABU DHABI / Emirates Business The value of Mergers and Acquisitions (M&A), transactions with any Middle Eastern & North African (Mena) involvement rea-ched $45.1 billion during the first nine months of 2018, according to Refinitiv, formally Financial & Risk business division of Thomson Reuters. The amount is 65% more than the value recorded during same period in 2017 and an ...

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