Bloomberg Japan’s largest clothing maker Fast Retailing Co issued an apology on its Korean website for remarks that angered Korean customers amid the trade spat between Japan and South Korea. At its earnings press conference on July 11, the Uniqlo owner’s CFO Takeshi Okazaki said he “thinks” that the impact of a boycott of Japanese goods wouldn’t last long. In …

Bloomberg United Parcel Service (UPS) Inc is seeking approval to operate delivery drones under the same rules as a private jet service, unlocking the potential to carry health-care packages over long distances between hospitals. The company is working with the US Federal Aviation Administration (FAA) to obtain Part 135 certification this year, a step toward freeing it from current commercial …

BEIJING / WAM Chinese President Xi Jinping has stressed the significance of peace and stability in the Gulf region for the Middle East as well as for the whole world, saying the region should be an “oasis of security” rather than a new “source of turmoil.” “China backs the UAE’s commitment to regional peace and stability,” Xi said, calling on …