Saturday , 20 December 2025

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Emirates hints peak period after New Year 

DUBAI / Emirates Business Travel to and from Dubai is expected to reach another peak towards the end of this week, as Emirates anticipates yet another busy period of outbound travel after New Year’s celebrations and inbound travel for the Dubai Shopping Festival. More than 180,000 travellers will be making their way to Emirates’ dedicated Terminal 3 facilities from January …

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Nestle plans vegan push with a meat-free burger

Bloomberg Hold the ground chuck: Nestle SA sees the future in a meat-free burger made from soy and wheat protein. Soon you may be able to wash it down with purple walnut milk or a spirulina latte. The Swiss company is gearing up for its biggest push yet into the booming vegan market: the Incredible Burger, to be introduced under …

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Dick’s Sporting Goods ends US Olympics sponsorship

Bloomberg Dick’s Sporting Goods is choosing to end its partnership with the United States Olympic Committee when their contract expires this month, a decision that comes as Team USA continues to deal with fallout from the a scandal surrounding former gymnastics doctor Larry Nassar. The company cited “a new investment focus” in a statement and didn’t mention Nassar. The decision …

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Low coffee bean prices to drive grower cutbacks

Bloomberg It’s been a big year for the companies that sell coffee, but not so much for the growers that supply them. That could start to change in 2019. Historically low prices for coffee beans in 2018 will likely reduce the incentive for farmers to expand supplies, said Rodrigo Costa, the US-based coffee director for Brazilian trading company Comexim. That …

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Canada Goose climbs after store opens in Beijing

Bloomberg Canada Goose Holdings Inc rose 6 percent in early trading before US markets opened after the company opened its flagship store in Beijing over the weekend. The store had been delayed since December 15 amid escalating tensions between Canada and China following the arrest of Huawei Technologies Co.’s chief financial officer in Vancouver. The luxury jacket maker is expanding …

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Home price gains in 20 American cities slow

Bloomberg Home prices in 20 US cities slowed in October for a seventh consecutive month, extending the longest streak since 2014, a sign of waning demand amid higher mortgage rates and elevated property values. The 20-city index of property values increased 5 percent from a year earlier, after rising 5.2 percent in the prior month, S&P CoreLogic Case-Shiller data showed. …

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Fed understands it needs to communicate better: El-Erian

Bloomberg The Federal Reserve realises that it can’t put its key policy tool, the federal funds rate, on autopilot, and that it needs to better communicate its policy decisions, said Mohamed El-Erian, Allianz SE’s chief economic adviser. “Even the Fed is understanding that it needs to communicate better,” El-Erian said in an interview on “Fox News Sunday.” It needs to …

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Emerging markets at mercy of trade, Fed after a painful 2018

Bloomberg Until a trade dispute between the US and China is resolved, a single tweet on the matter will have the power to ignite rallies and sell-offs. The tweet in question this week is President Donald Trump’s declaration that “big progress” is being made towards a deal between the US and China, and it may spur gains across emerging markets. …

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Trade protectionism will crimp global growth in 2019, says ECB

Bloomberg The European Central Bank expects the global economy to slow in 2019 as rising protectionism curbs trade growth. While economic activity has remained resilient around the world, it has also become more uneven and signs of moderating momentum are increasingly evident, according to the ECB’s latest economic bulletin. Global trade growth has weakened and uncertainties about future trade relations …

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United Bank of India first to announce cash injection

Bloomberg United Bank of India became the first of the country’s ailing state-run banks to announce a new cash injection from the government, disclosing in a filing that it will receive 21.6 billion rupees ($308 million) to improve its capital ratios. The announcement sent the bank’s shares up as much as 14 percent, set for the biggest gain since October …

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