Bloomberg As the European Union pushes for a new role in military matters, the bloc has thrust its development bank into the center of a policy struggle that reveals an old fissure over the very nature of the EU project. The European Investment Bank (EIB) is getting prodded to be bolder about lending to defense companies by a France-led group ...

Bloomberg After delaying spending on its fleet for too long during a turnaround program, Qantas Airways Ltd. faces a possible funding squeeze when it’s time to buy new planes, according to S&P Global Ratings. The Australian flag carrier needs to increase investment in its aging fleet of 309 planes before the sum required is too large to handle, S&P said ...

Bloomberg UK retail sales barely grew in January, more evidence consumers are reluctant to splash out amid a squeeze from rising prices. Sales increased 0.1 percent from December, far below the 0.5 percent gain forecast by economists in a Bloomberg survey. From a year earlier, sales rose 1.6 percent, the weakest for a January in four years, the Office for ...

Bloomberg Tesco Plc faces growing investor pressure to sweeten its 3.9 billion pound ($5.5 billion) offer for wholesaler Booker Group Plc ahead of a shareholder vote in less than two weeks. Alpine Associates Management Inc. opposes Tesco’s offer on the existing terms and believes Booker shareholders should vote against the deal, the investor said by email. Alpine has an economic ...

Bloomberg US shoppers may be ordering more clothing than socks and underwear on Amazon after all. Amazon.com Inc. is spiriting away share of apparel sales from Target Corp., Macy’s Inc. and JC Penney Co., according to a report by Coresight Research. Amazon Fashion is tied with Target as the second-most-shopped apparel retailer in the US, behind Walmart Inc., as measured ...

Abu Dhabi / WAM The Abu Dhabi Accountability Authority (ADAA) will host leading experts in fraud prevention for the 2018 ACFE Fraud Conference Middle East on February 25-27. The 3rd edition of the regional conference, to be held at the Jumeirah at Etihad Towers hotel in Abu Dhabi, will gather more than 300 anti-fraud experts from across the public and ...

DUBAI / WAM The Government of Dubai, global trade enabler DP World and the Government of Jammu and Kashmir signed a Memorandum of Understanding (MoU) to explore opportunities to develop trade infrastructure in the state. The agreement will see discussions take place on a multi-modal logistics park and hub in Jammu, comprising warehouses and specialised storage solutions that will also ...

Abu Dhabi / WAM The UAE will remain committed to the global oil output reduction deal to eliminate the remaining glut on the market which amounts to 100 million barrels to reach the average target of the coming five years, according to Suhail bin Mohammed Faraj Faris Al Mazrouei, Minister of Energy and Industry. OPEC and non-OPEC commitment to the ...

DUBAI / WAM Investing in education, know-how and inter-governmental integration to ensure urban development and social cohesion are all essential factors to reducing poverty, inequality, mitigating the effects of climate change, and addressing the negative sides of new technologies, according to the Director of the United Nations Research Institute for Social Development (UNRISD). Paul Ladd made the remarks while addressing ...

Dubai / Emirates Business Middle Eastern consumers are showing a fast-growing appetite for eggs. According to thelatest data from the US Department of Agriculture (USDA), US egg imports to the MENA (Middle East North Africa) region grew 73 percent in USD value in 2017 over the imports in 2016. This represents a volume growth of 88 percent for US table ...