Bloomberg The founder of yoga-apparel retailer Lululemon Athletica Inc. is close to joining the Chinese investor group pursuing a takeover of Amer Sports Oyj, owner of brands including Wilson tennis rackets, people familiar with the matter said. Canadian billionaire Chip Wilson is in talks to take around a 20 percent stake as part of the consortium led by Anta Sports ...

Bloomberg Robots are coming to a Walmart Inc. near you, and not just as a gimmick. The world’s largest retailer is rolling out 360 autonomous floor-scrubbing robots in some of its stores in the US by the end of the January, it said in a joint statement with Brain Corp., which makes the machines. The autonomous janitors can clean floors ...

Bloomberg UK consumer spending growth slowed in November as concerns about Brexit prompted households to become more cautious with their cash. Spending grew 3.3 percent in November, the weakest pace since extreme cold weather dubbed the “Beast from the East” kept shoppers away from stores in March, according to a report by Barclaycard published on Tuesday. The proportion of UK ...

Bloomberg Oil surged the most in more than five months as Saudi Arabia and Russia extended a cooperation pact and US-China trade tensions cooled. Unprecedented supply cuts in Canada also drove prices higher. Futures in New York advanced almost 6 percent on Monday, bouncing back from the worst monthly slump in a decade. Although Russia and Saudi Arabia have yet ...

MOSCOW / WAM Russian newspapers and news agencies highlighted the UAE’s historic achievement of making the UAE passport the world’s leading passport, coinciding with the Year of Zayed and the 47th National Day. In a press release, RIA Novosti and Vesti Roy said that the UAE passport is ranked first in the passport index while noting the tweet of His ...

Bloomberg President Donald Trump said in a tweet that China has agreed to “reduce and remove” tariffs on imported American-made cars, a claim that wasn’t immediately confirmed by Beijing. Trump gave no other details in his post, which came shortly after he agreed with Chinese President Xi Jinping to a truce in the trade war during a meeting at the ...

ABU DHABI / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, attended the March of the Union, on Monday, as part of the Sheikh Zayed Heritage Festival 2018 in Al Wathba, Abu Dhabi, on the occasion of the 47th National Day. Sheikh Mohamed bin Zayed ...

Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, affirmed the importance of the involvement of youth in the Expo 2020 journey. Expo presents opportunities to inspire youth to be active contributors in shaping the future, His Highness said. Sheikh Mohammed’s remarks came during a visit to ...

Abu Dhabi / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, on Monday received the visiting Algerian Deputy Defence Minister and Chief of Staff, Ahmed Kayed Saleh. His Highness Sheikh Mohamed bin Zayed welcomed the Algerian official and discussed with him ways to enhance bilateral ...

Dubai / WAM The Dubai Electricity and Water Authority (Dewa), has announced that it waived new connection charges for connections of up to 150kW for commercial and industrial customers, for the next two years, in a move that boosts Dubai’s economy. Speaking on the occasion, Saeed Mohammed Al Tayer, Managing Director and CEO of Dewa, said, “We have ambitious initiatives ...