Dubai / Gulf Time M FIT Interior decoration, a business vertical of the Malabar group, opened its new office in Al Fajer Complex, Zabeel Furniture Mall in Oud Metha, Dubai. The firm, operating in UAE and India, has been in the business for over a decade and is a well-recognised establishment for the interior Fit-out projects providing turnkey solutions ...

  Bloomberg Investment returns from UK power network operators are set to be higher than analysts expected as the regulator unveiled a $25.5 billion budget for expanding the grid for the green-energy transition. Ofgem said it’s proposing tough efficiency targets for the networks, along with a reduction in their allowed rate of equity return to 4.75% from about 6%. While ...

The leaders of the North Atlantic Treaty Organization countries are in Madrid for the alliance’s most consequential summit in a generation. Nato appears to have overcome Turkish diplomatic blackmail to bring in two new members, Sweden and Finland. It must approve a new concept for transatlantic security amid Russia’s ongoing assault on Ukraine. Not least, the alliance — and the ...

Nike Inc.’s sales slump in China is capturing attention. But it’s the slowdown in North America that should worry investors. The world’s largest sportswear company reported a 20% fall in sales, excluding currency movements, from greater China in the three months to May 31, as Covid-related disruptions affected 60% of its business in the country. Even as Nike announced a ...

  The most important work-related debate of our time is stuck on repeat. Many senior executives continue to believe that working from home is tantamount to pretending to work, with Elon Musk saying out loud what his more restrained colleagues say in private, while many remote-work enthusiasts continue to believe that they have an absolute right to work where they ...

  Once upon a time, long before Donald Trump began fabricating narratives about his prowess and personal history, he wanted to be a movie producer. He admired old-school Hollywood producers such as Darryl F. Zanuck and Cecil B. DeMille, and considered attending film school at the University of Southern California. Trump’s father marched him into the family real estate business ...

Bloomberg Spirit Airlines Inc. stood by a takeover bid from Frontier Group Holdings Inc even after rival suitor JetBlue Airways Corp further sweetened its offer in the final days before a crucial shareholder vote. The revised JetBlue proposal, which includes a higher breakup fee and larger upfront payment, won the backing of Spirit investor TIG Advisors LLC. Proxy adviser Institutional ...

Bloomberg Reckitt Benckiser Group Plc is considering whether to shelve the sale of its infant nutrition unit, as the high-profile deal falls victim to chaos in the industry and worsening financing markets, people familiar with the matter said. Talks between the London-listed consumer goods and potential acquirers have stalled in recent weeks. The business, which sells brands including Enfamil, was ...

Bloomberg Hennes & Mauritz AB (H&M) reported second-quarter earnings that beat analysts’ estimates as shoppers snapped up its low-cost clothing to replenish post-Covid-19 wardrobes. The shares rise as much as 6.5% in Stockholm. Pretax profit at the Swedish retailer rises by a third to 4.78 billion kronor in the three months through May, the company said on Wednesday. Analysts had ...

  Bloomberg Air New Zealand has had its SkyNest concept in development for the past five years and announced on June 28 it’s ready for prime time—in 2024. The seats are fully flat, made up with real mattresses plus cooling pillows and bedding, and located in the back of the plane, right behind the premium economy cabin. But like everything ...