May, 2016

• 3 May

  Hugo Boss earnings fall $108mn in Q1

  

    Berlin / Bloomberg Hugo Boss AG, the embattled German fashion retailer, reported its biggest drop in quarterly profit in at least six years and said it considers closing stores to reduce costs. Earnings before interest, taxes, depreciation and amortization and other items declined 29 percent to 93.5 million euros ($108 million) in the first quarter, the Metzingen, Germany-based company ...

  Read More »
• 3 May

  Lufthansa Air shares plunge on first-quarter loss

  

    Frankfurt / AFP Lufthansa shares nosedived on Tuesday after the German airline said one-off effects and price pressures pushed it into a loss in the first three months of the year. Lufthansa shares were among the biggest losers in morning trade on the Frankfurt stock exchange, shedding nearly six percent in a market that was down by around 1.4 ...

  Read More »
• 3 May

  J&J to pay $55mn over ‘cancer link’

  

    New York / Bloomberg Johnson & Johnson must pay $55 million to a 62-year-old South Dakota woman who blamed her ovarian cancer on the company’s talcum powder in the second such trial loss this year. J&J is accused in more than 1,000 lawsuits in state and federal courts of ignoring studies linking its Shower-to-Shower product and Johnson’s Baby Powder ...

  Read More »
• 3 May

  Boeing, Airbus clash heats up

    Washington / Bloomberg Boeing Co. is prepared to defend its rainmaker 737 jetliner as competition heats up at the top and bottom of the lucrative single-aisle market, Chief Executive Officer Dennis Muilenburg said. The threat to the US planemaker was underscored when Delta Air Lines Inc. announced orders last week for Bombardier Inc.’s all-new C Series jets and Airbus ...

  Read More »
• 3 May

  PepsiCo’s Quaker sued for not flagging pesticide in oatmeal

  

    New York / Bloomberg Consumers in New York, California and Illinois sued PepsiCo Inc.’s Quaker Oats for false advertising, claiming the brand’s signature product contains a possible carcinogen that is not listed as an ingredient. The plaintiffs say in court documents that the company’s oatmeal has glyphosate, an herbicide the World Health Organization declared a probable carcinogen last year, ...

  Read More »
• 3 May

  Turning the pages of history

  

      Ritika Sharma / Emirates Business Nestled in the hustle-bustle of the ongoing Abu Dhabi International Book Fair (ADIBF), a wood-designed pavilion hogged much of the limelight with the superlatives of rare books collected from across the globe. From the first edition of the first scientific description of ancient and modern Egypt, to the only surviving leaflet of one ...

  Read More »
• 3 May

  Encouraging the art of reading

  

    Emirates Business Student visitors at the 26th Abu Dhabi International Book Fair (ADIBF) made a major footfall. Various exhibitors at the event provided backpack containing essential publications as part of its initiatives to encourage reading and boost the fair’s role as an international platform to strengthen cultural dialogue in the community. Considering the importance of reading, one of the ...

  Read More »
• 3 May

  A corner of ‘inner peace’ at ADBIF

  

    Ritika Sharma / Emirates Business On the eventful last day of Abu Dhabi International Book Fair 2016, at the creativity corner, a bunch of Grade 2 kids were found busy learning yoga and stress busting techniques. After a long and excitement filled walk across the fair, picking dozens of books as their summer pleasure read, children from various schools ...

  Read More »
• 3 May

  Giving life to Emirati Cinema

  

    Sunaina Rana / Emirates Business The Black Box Cinema project by Emirati filmmaker, Nawaf Al Janahi, was one of the main highlights of the Abu Dhabi International Book Fair. The cinema programme featured the Emirati and Arabic films along with a platform to discuss the local cinema movement and other professional aspects in the world of filmmaking. One of ...

  Read More »
• 3 May

  Manufacturing energy efficient products

  

    Our Correspondent / Emirates Business Hira Industries LLC, which was established in 1980, is currently managing eight factories in three different countries, occupying two million square feet and employing over 1000 employees. Company’s motto is to sustain well while ensuring speedy growth. The company plans to increase number of products as well as number of application such as proofing ...

  Read More »