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November 4, 2018 Retail
Bloomberg Coty Inc. wants to get closer to valuable Chinese consumers of cosmetics, hair care and fragrances, and will do so through a partnership with Alibaba Group Holding Ltd. The beauty company and online giant are teaming up on interactive vending machines in malls of major Chinese cities, as well as on initiatives with beauty and hair salons, and lets …
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November 4, 2018 Aviation
Bloomberg Southwest Airlines Co. is giving up on charging for in-flight movies, bowing to feedback from passengers accustomed to not paying on rival carriers. Free flicks will be available on some Wi-Fi-enabled jets and will be rolled out to most customers by the end of the week, Southwest said in a statement. That makes the Dallas-based discounter the last of …
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November 4, 2018 Retail
Bloomberg An economic development director at Amazon.com Inc. isn’t happy about a Washington Post report that the e-commerce giant is in advanced talks with a Washington suburb about being the location for its second headquarters. In a recent tweet, Amazon’s Mike Grella addressed “the genius leaking info,†saying: “You’re not doing Crystal City, VA any favours. And stop treating the …
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November 4, 2018 Aviation
Bloomberg Britain is urging the European Union to support a global carbon market for emissions from airlines, a move that would probably supersede the bloc’s own trading program. Aviation is too big of an industry to be covered piecemeal by regional pollution rules, according to Liz Sugg, the UK’s aviation minister. Flights within the union are covered by the EU’s …
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November 3, 2018 News
DUSHANBE / WAM UAE Ambassador to Kazakhstan and Non-resident Ambassador to Tajikstan, Dr Mohamed Ahmed bin Sultan Al Jaber, met Tajik Minister of Agriculture Izatullo Sattori, to explore prospects for joint cooperation in agriculture and food security. The Tajik minister welcomed UAE investment in these areas, expressing his government’s readiness to pr-ovide every possible assistance and facilities in this regard.
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November 3, 2018 News
ABU DHABI / WAM The Federal Tax Authority (FTA) called on businesses registered for tax purposes not to disclose their financial or tax data to any person or organisation that is not officially authorised to deal with such data. The authority stressed in a statement that it is necessary to remain vigilant about messages received via e-mail or mobile phone …
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November 3, 2018 News
DUBAI / WAM Dubai International Financial Centre (DIFC) has strengthened its position as Measa’s number one fintech hub and one of the world’s top 10 FinTech hubs with a series of landmark agreements between FinTech Hive at DIFC and global Fintech accelerators. FinTech Hive at DIFC, the first and largest financial technology accelerator in the Measa region, has signed more …
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November 3, 2018 Regional News
Bloomberg Exxon Mobil Corp. and Chevron Corp. delivered their strongest third-quarter results in four years, capping a week in which Big Oil enjoyed profits not seen since the days of $100 crude. Both companies reported double-digit production increases in the Permian Basin, the shale region in Texas and New Mexico that’s propelling total US oil output to an all-time high. …
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November 3, 2018 Regional News
Bloomberg Sounds like Suncor Energy Inc.’s top executive is getting tired of analysts asking questions about lagging Canadian oil prices. On the company’s earnings call, Steve Williams was met with a slew of inquiries about how Western Canadian crude’s growing gap to US barrels is affecting his company. His answer: For the most part, it’s not. That’s a response he …
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November 3, 2018 Energy
Bloomberg China Three Gorges Corp.’s pursuit of utility EDP-Energias de Portugal SA has slowed as the Chinese energy producer grapples with unexpected obstacles to creating a global renewable-energy powerhouse, people with knowledge of the matter said. A sudden leadership change at Three Gorges, lingering regulatory and political concerns as well as pressure to raise the 9.1 billion-euro ($10.4 billion) offer …
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