Bloomberg Impossible Foods Inc started to finally offer its eponymous plant-based burger in US grocery aisles. The Impossible Burger will make its retail debut at 27 Gelson’s Markets locations in Southern California before expanding its retail presence in the fourth quarter and in early 2020, the company said in a statement. The product will arrive in additional unnamed stores, including …
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Bloomberg JC Penney Co is preparing for talks with its creditors on possible transactions to ease its debt burden and give the company’s new chief executive more breathing room ahead of the critical holiday season. Advisers for the department-store chain and some of its bondholders are close to signing non-disclosure agreements, and expect to do so by the end of …
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Bloomberg With a crucial summit for the Boeing Co 737 Max looming this week, regulators are downplaying the threat of a rupture to a decades-old working relationship between US and European aviation authorities. On the eve of a gathering of about 50 airworthiness experts in Montreal, the top European regulator, Patrick Ky, suggested that the Max could return to the …
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Bloomberg US equity futures fluctuated and European stocks retreated as disappointing data in the euro area overshadowed easing concern about trade relations between America and China. Treasuries rose and the common currency slid. Manufacturing and services numbers for the euro zone came in far short of estimates on Monday, with disappointing readings from countries including Germany and France. The Stoxx …
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Bloomberg Indian stocks rose for a second day on expectations that the government’s surprise $20 billion company tax cut will revive economic growth and boost company earnings. The S&P BSE Sensex jumped 2.8 percent to 39,909.03 in Mumbai, while the NSE Nifty 50 Index advanced 2.9 percent. Both gauges surged 5.3 percent, marking their biggest gain since May 2009, after …
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HODEIDAH / WAM Through its humanitarian arm, the Emirates Red Crescent (ERC), the UAE provided relief aid to Yemenis who survived the Houthi militias artillery shelling in Hais, southern Hodeidah, west of Yemen. A team from the ERC distributed shelter aid and food baskets to the families in Hais, following an appeal from the local authorities. The families who benefitted …
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ABU DHABI / WAM Non-oil trade exchange between the United Arab Emirates and the Kingdom of Saudi Arabia has reached AED417.6 billion over the past five years, Sultan bin Saeed Al Mansouri, Minister of Economy, has stated. Non-oil exchange between the two countries reached AED107.4 billion in 2018, a surge of 35% over 2017, reflecting the strength of the strategic …
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ABU DHABI / WAM Modon Properties – a development company mandated by the Abu Dhabi government to build sustainable communities and develop strategic mixed-use projects in the emirate – has awarded the infrastructure project of the phase 1 south of Riyadh City, Abu Dhabi’s largest housing development named in recognition of the “longstanding ties†with Saudi Arabia. The AED1.53 billion …
Read More »Dubai / WAM Zayed Water donated 100% of its profits to Emirates Red Crescent (ERC), to fund 12 water wells in 7 countries namely Sierra Leone, Niger, Togo, India, Pakistan, Tajikistan and Kyrgyzstan. The donation was made at an event held at the ERC office in Dubai, attended by representatives from the Sierra Leone embassy in the UAE, Al Ihsan Charity …
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Bloomberg Tellurian Inc. said it signed a $7.5 billion agreement for India’s Petronet LNG Ltd. to buy into its proposed liquefied natural gas terminal in Louisiana, in what could potentially be one of the largest foreign investments in the US to ship shale gas abroad. Petronet will spend $2.5 billion for an 18% equity stake in the $28 billion Driftwood …
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