Bloomberg Schools, hospitals and governments have quickly embraced Amazon.com Inc. as a go-to source for supplies, propelling the company’s three-year-old business platform into a $10 billion annual enterprise. Its success may soon provide as much revenue as the Amazon Web Services cloud-computing division and its digital-advertising services. The e-commerce giant likely will keep expanding the business service internationally — currently …

CAIRO / WAM The Secretary General of the Arab League Ahmad Aboul Gheit condemned on Tuesday the US administration’s decision to close the Palestine Liberation Organisation’s (PLO), office in Washington. In a statement issued on Tuesday, Aboul Gheit said that the decision came as part of a long series of US unfair policies towards the Palestinians aiming at terminating their …

Bloomberg Dubai’s Emaar Properties PJSC denied reports that it’ll provide 10-year visas to investors in some of its projects. “The issuance of visas falls under the purview of the concerned authorities and Emaar does not have any role regarding the same,” the company said in a statement. Al Bayan newspaper reported on Tuesday that the developer will offer 10-year visas …

Bloomberg The tariff battle with the US will probably cost China 700,000 jobs, or more in the event of further escalation. The job losses would come if the US imposes 25 percent tariffs on $200 billion in Chinese exports and China retaliates by devaluing its currency by 5 percent and adding to levies on US goods, according to economists led …

Bloomberg Abu Dhabi’s stock exchange is joining a race to introduce derivatives as Gulf bourses including Kuwait and Saudi Arabia put strategies in place to lure more investors. The Abu Dhabi Securities Exchange (ADX) plans to enable trading of futures contracts on single stocks in 2019, and they may eventually be available for the benchmark ADX General Index, Chief Executive …

Bloomberg US stocks swung between gains and losses as lingering anxiety about US and Chinese trade relations hung over global financial markets. Treasury two-year note yields rose to a one-decade high, while oil steadied. The S&P 500, Dow Jones Industrial Average and the Nasdaq Composite all pushed higher briefly after starting the day in the red, before settling into little …

Bloomberg The pound may be in for a rough ride as contrasting headlines surrounding the fate of Brexit test traders’ nerves. Sterling whipsawed between gains and losses multiple times on Tuesday as investors adjusted their positions to news about the UK’s impending exit from the European Union. The currency tumbled from a six-week high after a report the EU sees …

Bloomberg The Spanish government is exploring ways to persuade investors to finance a $116 billion transformation of its energy system as it tries to move beyond past policy mistakes that led to widespread losses and lawsuits. The Socialist administration is drawing up plans to expand renewable power generation, modernise its transport system and refit buildings to make them more energy …

Bloomberg Hurricane Florence may make gasoline more expensive along the East Coast as drivers fuel up ahead of the storm, while missing key refinery and storage hubs. “Motorists can expect spikes in pump prices to be brief, but possibly dramatic,” Jeanette Casselano, a spokeswoman for AAA, said. “A storm like this typically causes an increase in fuel purchases in the …

Bloomberg European oil majors are looking for more than just deepwater gushers in Brazil. They also plan to profit from the country’s abundant wind and sunshine. Royal Dutch Shell Plc, Total SA and Equinor ASA have all pledged in recent weeks to invest in Brazilian renewables. The push could more than double wind and solar’s share of Brazil’s energy mix …