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UAE aid convoy sets off towards Rafah crossing, bound for Gaza Strip

Al ARISH/ WAM A UAE humanitarian aid convoy set off today from Al Arish, Egypt, towards the Rafah Border Crossing today, in preparation for its entry into the Gaza Strip. The aid will be distributed under the UAE’s supervision as part of the ‘Gallant Knight 3’ humanitarian operation, launched under the directives of President His Highness Sheikh Mohamed bin Zayed ...

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Meituan exploring acquisition for Delivery Hero’s Southeast Asia arm

BLOOMBERG Meituan is exploring a potential acquisition of Delivery Hero SE’s business in Southeast Asia as the Chinese delivery giant looks to diversify beyond its domestic market, according to people familiar with the matter. Meituan has held talks with Delivery Hero about buying Southeast Asian operations that run under the Foodpanda brand, the people said, asking not to be identified ...

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Walmart sinks on cautious consumer outlook, late-October dip

BLOOMBERG Walmart Inc’s stock fell the most in more than a year as the retailer struck a concerned tone on the outlook for US shoppers after signs of weakness in the second half of October. There was a “sharper falloff” in sales during the last two weeks of the fiscal third quarter, which ended on October 31, said Chief Financial ...

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