MADRID / AP Zara fashion brand owner Inditex says strong sales and expansion of new stores boosted net profit in the past fiscal year by a 10 percent. The world’s largest clothes retailer said that net profit for the 12 months ending January 31 rose to 3.16 billion euros ($3.35 billion) from 2.88 billion euros ($3.06 billion) a year ...

  Bloomberg Microsoft Corp. officially rolled out its Teams workplace-collaboration software, counting on integration with its ubiquitous Office and Outlook programs and partnerships with popular business software makers such as SAP to challenge Slack Technologies Inc. for big corporate customers. Teams, in preview mode since November, is now widely available in 181 markets, Microsoft said Tuesday. Already 50,000 Office 365 ...

  Bloomberg Wu Xinhong, co-founder and chief executive officer of Meitu Inc., became the second billionaire at the Chinese beauty-enhancing selfie app developer after the stock rose for nine straight days. The shares extended gains since it was added to a second equity-trading link between China’s Shenzhen exchange and Hong Kong on March 6, and jumped 11 percent to a ...

  Bloomberg The US officials are planning to charge four people abroad related to the hacking attacks against Yahoo! Inc., according to a person briefed on the matter. The Justice Department is accusing them of participating in massive online security breaches that compromised hundreds of millions of user accounts, said the person, who asked not to be identified because it ...

  Emirates Business Taiwan is a breathtaking island which is a host to a variety of terrain such as green mountains with rich flora and fauna, sea, natural hot springs and a lake surrounded by forests. A nature lover or a shopaholic, a foodie or an adventure seeker, Taiwan is perfect for all… Scenic attractions… Sun Moon Lake, a major ...

  AP A remote Eskimo village on a tundra-covered island in western Alaska is hoping to counter its steep unemployment rate and achieve greater self-sufficiency through one of its few resources: reindeer meat. Mekoryuk’s tribal government is expanding its commercial reindeer venture with a herd introduced a century ago to Nunivak Island, 40 miles off the coast in the Bering ...

  Dubai / Emirates Business SAP SE announced a five-year $200 million (AED 734 million) investment in the UAE, underpinning objectives outlined by the UAE Vision 2021 plan to create economic diversity and jobs for youth. Senior officials participated in the official ribbon-cutting VIP ceremony and inaugurated new SAP MENA headquarters in Dubai Internet City. Ammar Al Malik, Executive Director, ...

  ABU DHABI / WAM LEAD Development and Project Management Consultants (LEAD) and The National Investor (TNI) will build the first residential community of private ‘green’ villas and townhouses at Masdar City, Abu Dhabi’s flagship sustainable urban development, it was announced. The project, which will also include apartments, is to be delivered over 250,000 sqm of gross floor area (GFA). ...

  DUBAI / WAM HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive Council, launched ‘Dubai Post’, an interactive online community portal that uses smart technologies to provide unique audio-visual content. Sheikh Hamdan bin Mohammed highlighted the important role that media plays in the UAE’s comprehensive development efforts. He affirmed the ...

  DUBAI / WAM Sotheby’s, one of the world’s largest auction houses, has officially opened its Dubai gallery and office at Dubai International Financial Centre (DFIC), in the presence of Sheikh Nahyan bin Mubarak Al Nahyan, UAE Minister of Culture and Knowledge Development, and Essa Kazim, Governor of Dubai International Financial Centre (DIFC), alongside Sotheby’s President and CEO, Tad Smith, ...