Bloomberg Delivering cargo to the farthest reaches of the world’s biggest archipelago has forever been a challenge. Indonesia’s biggest airline sees a solution in drones. PT Garuda Indonesia plans to use 100 unmanned aerial vehicles procured from China’s Beihang UAS Technology to ship goods across the nation’s more than 18,000 islands, Director for Cargo and Business Development Mohammad Iqbal said, ...

Bloomberg MINISO Co, a Chinese budget household and consumer good retailer, is planning an initial public offering that could raise about $1 billion, according to people with knowledge of the matter. The company is inviting banks to pitch for roles on the proposed offering, the people said, asking not to be identified because the information is private. The share sale ...

Bloomberg Singapore’s Trax is acquiring Shopkick, adding the US rewards app to its growing stable of retail technology. Redwood City, California-based Shopkick lets shoppers earn rewards and gift cards by browsing online offers, watching videos, walking into stores or scanning product barcodes on shelves. Trax didn’t disclose how much it’s paying but seller SK Telecom Co acquired the Californian outfit ...

Bloomberg UK retail sales fell at their fastest pace since the financial crisis in the year to June, as relatively poor weather kept shoppers away from stores, according to the Confederation of British Industry. The volume of goods sold slumped by the most since March 2009, with almost one-in-six stores saying they sold less than the same time a year ...

Bloomberg When Ray Conner retired as head of Boeing Co’s commercial aircraft business in 2017, the company threw a farewell party for its lifelong employee. Among the speakers: Willie Walsh, who runs the IAG SA airline group and had built a close rapport over the years both with Conner and Boeing, having spent almost two decades piloting 737 planes himself. ...

ABU DHABI / WAM Abu Dhabi’s Department of Community Development is to launch its second survey to explore the needs of the community and assess the challenges facing the emirate’s development process. This is part of the department’s commitment to ensure the social welfare of the Abu Dhabi community, carrying on the legacy of the Founding Father, Sheikh Zayed bin ...

Bloomberg The best returns in a decade for emerging-market bonds just got a further boost as central banks move towards more easing. Now fund managers must navigate trade tensions and geopolitics that could derail the rally. Investors are optimistic after the Federal Reserve signalled it was ready to cut interest rates and the European Central Bank indicated more stimulus may ...

ABU DHABI / WAM A total of 6.04 million foreign tourists visited Abu Dhabi and Dubai during the first three months of the year, a growth of 1.8 percent on year, figures by the Central Bank of the UAE showed. Dubai received 4.75 million from January to March against 4.65 million in the comparable period last year, with tourist arrivals ...

ABU DHABI / WAM UAE armed forces and defence industry representatives attended the opening of a new facility at Tawazun Industrial Park (TIP) for the assembly of unmanned aerial and maritime target systems used in military training, test and evaluation in the UAE. The new venture, established by Houbara Defence and Security LLC, is a partnership between Middle East General ...

Dubai / WAM Twitter CEO Jack Dorsey visited the UAE for the first time on Monday, launching a major philanthropic initiative, #YouthForGood, together with the UAE’s Youth Hub and Shamma bint Suhail Faris Al Mazrui, Minister of State for Youth Affairs. HH Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, ...