Bloomberg United Parcel Service Inc. was already in trouble with Wall Street over a long-term investment plan to cope with soaring e-commerce. Now the company is clashing with its pilots union because of a short-term fix for the same challenge. Aviators are angry that UPS has turned to third-party cargo airlines to help make up for a shortage of aircraft ...

Bloomberg Amazon.com Inc. fell on April 2 after a fresh round of critical comments from President Donald Trump and a Republican senator. In his latest Twitter rant, Trump said “Only fools, or worse, are saying that our money losing Post Office makes money with Amazon. THEY LOSE A FORTUNE, and this will be changed. Also, our fully tax paying retailers ...

Bloomberg Casino Guichard Perrachon SA and Auchan Retail are in exclusive talks to form a global purchasing alliance to help them negotiate better prices as competition in the French grocery market increases. The partnership would cover major national and international consumer-goods makers, the companies said in a statement. They expect it would help fuel the development of French suppliers abroad ...

Bloomberg Walmart Inc. is in early talks about a deal for closely held PillPack, an online startup that could help grow the retail giant’s pharmacy offerings, according to people familiar with the situation. PillPack and Walmart declined to comment. CNBC first reported the talks, and said the price being discussed was less than $1 billion. It’s not clear if the ...

Bloomberg From Ralph Lauren to Calvin Klein, America’s biggest fashion labels are pinning their hopes on a blue jean revival. Across the industry, fashion brands are renewing their focus on denim, betting the wardrobe staple can be a major sales driver as jeans battle stretchy pants for supremacy from the waist down. The jeanmaking industry has been just as distressed ...

DAMMAM / WAM The MENA region has committed $345 billion to critical energy projects under execution while an additional $574 billion worth of development is pla- nned over the next five years, bringing total committed and planned investments up to $919 billion to meet growing demand and demographic and urban expansions, according to MENA Energy Investment Outlook, issued by Arab ...

RAS AL-KHAIMAH / WAM The Government of Ras al-Khaimah has announced the official launch of RAK’s 2018 Petroleum Licensing Round and the establishment of the new Ras al-Khaimah Petrole-um Authority, the regulator responsible for the Licensing Round tendering process and ongoing management of petroleum rights. These actions reflect the vision of HH Sheikh Saud bin Saqr Al Qasimi, Supreme Council ...

Dubai / Emirates Business Global investment is seeing a bumpy recovery as worldwide foreign direct investment (FDI) flows reach $1.52 trillion in 2017, according to the World Investment Report published by the United Nations Council on Trade and Development (UNCTAD). FDI to developing economies remained stable, at an estimated $653 billion, 2 percent more than the previous year. A number ...

Abu Dhabi / WAM Abu Dhabi Fund for Development (ADFD), the leading national entity for development aid, has extended an AED55 million ($15mn) concessionary loan to the government of Tanzania to finance the upgrade of 51km of the Uvinza-Ilunde-Malagarasi Road. The funded project is an extension to Kidaho – Ovinza Road which was funded in 2009 by ADFD as a ...

SHARJAH / WAM The Sharjah Investment and Development Authority (Shurooq) and master developer Nakheel have collaborated in a joint venture, that will bring a new community retail centre to Sharjah. The project Nakheel’s first outside its home emirate of Dubai has an estimated development value of AED75 million. Under the agreement, signed on Monday by Marwan bin Jassim Al Sarkal, ...