BLOOMBERG Inditex SA shares are headed for the highest close since the retailer’s 2001 initial public offering as analysts turn increasingly optimistic ahead of third-quarter results. The Zara owner gained as much as 1.3% to €36.81 in Madrid trading last week, the highest intraday price since June 2017. The retailer’s fast-fashion business model and online presence have helped the shares ...

BLOOMBERG Consumers plan to spend an average of $567 during Black Friday and Cyber Monday shopping events, up 13% from last year, as they seek out the best deals while facing economic pressures such as higher prices and soaring interest rates. The result is a new record for Deloitte’s annual Black Friday-Cyber Monday survey. About 84% of shoppers feel confident ...

BLOOMBERG Richer Americans are curtailing their spending ahead of Black Friday, a worrisome sign for an economy that has so far depended on the US consumer to stave off a recession. In the three months ahead of the all-important holiday shopping season, a group of retailers that cater to the upper middle class — including Apple, Coach and Nordstrom — ...

BLOOMBERG DBS Group Holdings Ltd is looking to cash in on the boom in private credit by originating and distributing deals, according to the global head of fixed income at Southeast Asia’s largest bank. While the company is looking to pair up clients with private credit providers, it will steer clear of doing direct lending transactions itself to avoid conflicts ...

BLOOMBERG Chinese billionaire Li Shufu’s Zhejiang Geely Holding Group Co is raising around $350 million selling part of its stake in Volvo Car AB, responding to investor concerns about the automaker’s limited free float. Geely, which owns a web of automotive interests in Europe, offered approximately 100 million shares in the company at 37 kronor ($3.49) apiece, according to a ...

BLOOMBERG The European Union (EU) enacted a slew of new rules earlier this year to fight the kind of hate speech and disinformation that officials say is rife on Elon Musk’s X platform, but the bloc isn’t able to enforce them yet. The EU’s main tool to clamp down on objectionable content, the Digital Services Act, went into effect on ...

DUBAI / WAM Dubai Future Forum, the world’s largest gathering of futurists, is set to kick off on November 27 and run until November 28. Organised by Dubai Future Foundation (DFF), the forum takes place at the Museum of the Future under the patronage of HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Chairman of ...

ABU DHABI / WAM The Abu Dhabi Department of Economic Development (Added) has launched the “SME Finance Facilitator” programme, in partnership with the Emirates Classification Society “Tasneef” and support of Abu Dhabi Chamber of Commerce and Industry (ADCCI), and leading banks, to improve SMEs access to financial services and enable them to grow further and play a greater role in ...

ABU DHABI / WAM The Institute at NYU Abu Dhabi (NYUAD) will host a two-day Climate Action and Health Conference from November 27-28 as part of the university’s wide-ranging contribution to sustainability in the lead up to COP28. Featuring leading global experts, the event is organised in association with the Policy Committee of the International Society for Environmental Epidemiology, and ...

ABU DHABI / WAM Under the patronage of His Highness Sheikh Mansour bin Zayed Al Nahyan, Vice President, Deputy Prime Minister and Chairman of the Presidential Court, and Chairman of the Board of Directors of the Abu Dhabi Agriculture and Food Safety Authority (ADAFSA), the Abu Dhabi International Food Exhibition (ADIFE) will begin today with thousands of sector leaders, exhibitors ...