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Amazon intruding on Shopify turf, says CEO Tobias Lutke

Bloomberg The head of Shopify Inc. said Amazon is encroaching on its turf — and it’s confident it can compete. “They are creating products now that help small businesses market their products better which is frankly the space we are in,” Tobias Lutke, chief executive officer of Ottawa-based Shopify, said in an interview with BNN Bloomberg TV at a tech ...

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Ryanair scraps 190 flights as its cabin crews to strike

Bloomberg Ryanair Holdings Plc said it will have to cancel services on Friday after cabin crew unions in Germany, Spain, Belgium, Holland, Portugal and Italy called a strike. Only a “tiny minority” of staff are involved in the action, Ryanair said, adding that the scrapped services amount to 8 percent of the planned schedule and will affect about 30,000 customers. ...

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Delta computer glitches force flight halts third year in a row

Bloomberg Delta Air Lines Inc.’s computer breakdowns are turning into an unwelcome, annual affair. The US airline grounded all domestic flights on September 25 to deal with a technology issue that affected some of its systems. About an hour later, Delta said it had restored all its systems, allowing the services to resume. While the carrier said there were no ...

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Britain’s struggling Debenhams takes design tips from your clicks

Bloomberg Going viral may soon be a requirement for products to get prime placement in a Debenhams store. At its “store of the future” northwest of London in Watford, England, Debenhams Plc is leveraging an online community of beauty-product enthusiasts to drum up foot traffic. The merging of online and in-store shopping experiences is the latest effort to transform the ...

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Khalifa Fund showcases successful SMEs at ‘Adihex’

Abu Dhabi / WAM The Khalifa Fund pavilion at the International Hunting and Equestrian Exhibition – Abu Dhabi 2018, has received an overwhelming response, evident in its high visitor and participant turnout. The fund’s participation at the event is in line with its strategy to promote entrepreneurship, support SMEs, foster national heritage and motivate Emirati entrepreneurs to create innovative enterprises ...

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Nakheel set to unveil new projects in Dubai

Dubai / WAM Dubai-based master developer Nakheel will launch new projects at prime locations across Dubai at next month’s Cityscape Global 2018, the company said on Wednesday. Nakheel said it will unveil a beachfront project at the new Deira Islands waterfront city and a new collection of townhouses – each with a private pool – at the high end Jumeirah ...

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Investment strategy for UAE’s space sector to be announced in October

Abu Dhabi / WAM The UAE Space Agency has revealed that it is preparing a comprehensive strategy for investing in the UAE’s space sector, in cooperation with relevant authorities, which will be announced in October. Dr. Mohammed Nasser Al Ahbabi, Director-General of the UAE Space Agency, said that the strategy will help reinforce the contributions of the space sector to ...

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Mastercard becomes Expo 2020’s payment technology partner

Dubai / WAM Expo 2020 Dubai’s unique visitor experience will be enhanced, thanks to a new premier partnership with Mastercard that includes exploring the use of payment technologies from virtual reality to biometrics and voice shopping. The company was on Wednesday revealed as Expo 2020’s Official Payment Technology Partner at Mastercard’s ‘Connecting Tomorrow’ Forum in Barcelona, Spain. The partnership includes ...

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Threat of new cold war looms large in Balkan vote to end row

Bloomberg Arguments over Brexit, the rise of nationalism and how to deal with Russia are consuming Europe, but there’s one dispute that’s been edging towards a resolution — and it’s in a region where there’s much at stake for the world order. The Republic of Macedonia will hold a referendum on September 30 on changing the former Yugoslav state’s name ...

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Trump says he prefers ‘two-state solution’ for Middle East peace

Bloomberg President Donald Trump said Wednesday he’d prefer to resolve the Israeli-Palestinian conflict by creating two separate states, re-aligning himself with the traditional US position on an eventual peace deal. Trump also said his administration would produce its long-awaited attempt at a new Mideast peace plan within about four months. “I like two-state solution,” Trump said at a meeting with ...

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