Bloomberg US shoppers may be ordering more clothing than socks and underwear on Amazon after all. Amazon.com Inc. is spiriting away share of apparel sales from Target Corp., Macy’s Inc. and JC Penney Co., according to a report by Coresight Research. Amazon Fashion is tied with Target as the second-most-shopped apparel retailer in the US, behind Walmart Inc., as measured ...

Abu Dhabi / WAM The Abu Dhabi Accountability Authority (ADAA) will host leading experts in fraud prevention for the 2018 ACFE Fraud Conference Middle East on February 25-27. The 3rd edition of the regional conference, to be held at the Jumeirah at Etihad Towers hotel in Abu Dhabi, will gather more than 300 anti-fraud experts from across the public and ...

DUBAI / WAM The Government of Dubai, global trade enabler DP World and the Government of Jammu and Kashmir signed a Memorandum of Understanding (MoU) to explore opportunities to develop trade infrastructure in the state. The agreement will see discussions take place on a multi-modal logistics park and hub in Jammu, comprising warehouses and specialised storage solutions that will also ...

Abu Dhabi / WAM The UAE will remain committed to the global oil output reduction deal to eliminate the remaining glut on the market which amounts to 100 million barrels to reach the average target of the coming five years, according to Suhail bin Mohammed Faraj Faris Al Mazrouei, Minister of Energy and Industry. OPEC and non-OPEC commitment to the ...

DUBAI / WAM Investing in education, know-how and inter-governmental integration to ensure urban development and social cohesion are all essential factors to reducing poverty, inequality, mitigating the effects of climate change, and addressing the negative sides of new technologies, according to the Director of the United Nations Research Institute for Social Development (UNRISD). Paul Ladd made the remarks while addressing ...

Dubai / Emirates Business Middle Eastern consumers are showing a fast-growing appetite for eggs. According to thelatest data from the US Department of Agriculture (USDA), US egg imports to the MENA (Middle East North Africa) region grew 73 percent in USD value in 2017 over the imports in 2016. This represents a volume growth of 88 percent for US table ...

Bloomberg The battle within Prime Minister Theresa May’s cabinet over the shape of the Brexit trade deal they want to strike with the European Union is still raging—but the front line has moved. According to two senior UK officials, the warring sides of ardent Brexit campaigners and pro-Europeans within May’s team are now fighting over how the new rules that ...

Bloomberg Achieving a summit between the two Koreas will be difficult even after positive gestures made by the north during the Winter Olympic Games, according to South Korean President Moon Jae-in. During a visit on the eighth day of the Olympics, Moon reiterated his government’s goal to turn the games into an event promoting peace and told reporters that North ...

Bloomberg Brazil’s President Michel Temer justified putting an Army general in charge of Rio de Janeiro’s security forces to contain a rising tide of violence by saying that the circumstances required extreme measures. In a televised address, Temer explained the decree he had signed earlier in the day which puts the state’s police forces under military control. The intervention, which ...

Bloomberg The Philippines and China are in talks to jointly pursue oil and gas exploration in disputed waters of the South China Sea, Foreign Affairs Secretary Alan Peter Cayetano said. “I can tell you we are pursuing it aggressively because we need it,” Cayetano told reporters. The Philippines will finalize within three months a legal framework that will allow for ...