BLOOMBERG Americans are still spending. And the country’s biggest retailers are still warning that the party is at risk of fizzling.  Walmart Inc, Target Corp and Home Depot Inc all topped Wall Street’s profit estimates in their fiscal second quarters, which ended in late July. In that way, at least, the results reinforced the picture of a resilient consumer after ...

BLOOMBERG Shein is the most downloaded shopping app on South Africa’s Google Play store. And it isn’t even trying that hard. The Singapore-based fast-fashion brand launched in the country at the foot of the continent during the Covid-19 pandemic and is expanding via word-of-mouth and by offering first-time buyer discounts. It has already caused such a stir that local retailers ...

ABU DHABI / WAM Abu Dhabi Securities Exchange (ADX) has partnered with Tawasal SuperApp, a secure multi-purpose messenger and super app, to enable investors to access real-time ADX updates directly within the app. As part of the partnership, Tawasal users will gain access to a comprehensive range of real-time stock market data provided by ADX. Investors and traders will be ...

ABU DHABI / WAM The Global Media Congress (GMC) will help shape the media industry and guide it towards a brighter future, said Martín Álvarez, Chief Editor and Director of Communication and Image at the Prensa Latina news agency. After the GMC’s successful first edition in 2022, its second edition scheduled for November in Abu Dhabi, will continue to shape ...

SUVA / WAM COP28 Director-General and Special Representative Majid Al Suwaidi visited Fiji to meet with Fijian PM Sitiveni Rabuka and distinguished leaders of Pacific Island nations. In his remarks at the Pacific SIDS High-Level Dialogue on Climate Change in Fiji, Al Suwaidi underscored the COP28 Presidency’s commitment to delivering for vulnerable countries at the upcoming climate summit. Al Suwaidi also ...

DUBAI / WAM Saqr Hospital in Ras Al Khaimah — an affiliate of Emirates Health Services (EHS) — has launched the first phase of the early breast cancer screening campaign this month under the slogan “Initiate Action, Receive hope.” The campaign aims to conduct free screening for women over 40 in collaboration with the Friends of Cancer Patients (FOCP) initiative, ...

DUBAI / WAM DP World, a leading provider of worldwide smart end-to-end supply chain logistics, has partnered with the Greater Caspian Association and Integral Group of Companies, and their annual Caspian Week Forum, to host a joint event at the Global Freight Summit 2023 in Dubai. This event will mark a significant milestone in developing logistics and trade in the ...

BLOOMBERG Chinese stocks extended losses as mainland banks surprisingly kept a key interest rate tied to mortgages on hold, in a move that raised doubts over the country’s commitment to support the embattled property sector. The Hang Seng China Enterprises Index, which tracks Chinese stocks listed in Hong Kong, slumped 1.9% to the lowest since November. The Hang Seng Index, ...

BLOOMBERG US equity futures rose on Monday, signalling a modest bounce for stocks on Wall Street after a bruising August so far for investors. Bonds were broadly weaker.  Contracts for the S&P 500 and the Nasdaq 100 advanced, with the underlying gauges set to trim three weeks of declines. Palo Alto Networks Inc rallied in premarket trading after the cybersecurity ...

HONG KONG OKX, a leading global technology company driving the development of Web3, Monday announced that renowned singer and actor Ali Zafar has joined as its global Web3 brand ambassador. Under the partnership, Zafar will participate in a number of OKX events and experiences as part of OKX’s global Web3 campaign, with a focus on South Asia and the Middle ...