January, 2023

• 11 January

  UAE takes part in meeting on mobilising int’l support for flood-hit Pakistanis

  

    Geneva / WAM Mariam bint Mohammed Almheiri, Minister of Climate Change and the Environment, headed the UAE delegation participating in a high-level international conference held in Geneva, which was organised by the Pakistani government and the United Nations. Held in the presence of Pakistani Prime Minister Shehbaz Sharif and UN Secretary-General António Guterres, the conference aimed to discuss efforts ...

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• 11 January

  Jawhara jewellery launches winter sale campaign in UAE

    Dubai / Gulf Time Jawhara Jewellery, the leading jewellery brand, has launched a fantastic discount campaign across all of its stores in the UAE, under the name of “Winter Sale”, through which 50% discounts will be offered on a selection of diamond and pearl jewelry. Discounts started in Abu Dhabi and Al Ain stores from November 25 to January ...

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• 11 January

  Global Village announces AED1m scholarships

    Dubai / WAM In celebration of a “Creators Month”, Global Village has partnered with Bloom World Academy (BWA) for a Young Directors Award competition, which will give two young people the chance to win a life-changing scholarship for their entire schooling at BWA, the school that dares to do the things differently. The scholarships are worth over AED1 million. ...

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• 11 January

  Xposure 2023 brings 74 of world’s best photographers to Sharjah

  

    Sharjah / WAM The Xposure International Photography Festival is returning for its 7th edition, and it is set to be the biggest and best yet. Organised by the Sharjah Government Media Bureau, the festival will take place at the Expo Centre Sharjah from February 9-15, and features 74 world-renowned photographers and an impressive 1,794 prints on display. The agenda ...

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• 11 January

  Virgin Orbit rocket launch fails, denting UK’s space ambitions

  

  Bloomberg Britain’s attempt to send the first satellites into orbit from its own soil failed, dealing a blow to its bid to join the ranks of space nations and sending shares of Richard Branson’s Virgin Orbit Holdings Inc. tumbling. A rocket launched from a Boeing 747 jumbo that took off from southwest England suffered a malfunction deep into the mission, ...

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• 11 January

  Lululemon sinks after it slashes margin forecast

  

    Bloomberg Lululemon Athletica Inc. shares tumbled after the maker of fitness wear lowered its guidance for gross margin, stoking fears about profitability for a second-straight quarter. Gross margin is now expected to shrink by as much as 1.1 percentage point in the three-month period ending in late January, compared with a previous forecast for an increase of as much ...

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• 11 January

  McDonald’s ex-CEO to pay SEC fine over misrepresenting exit

  

    Bloomberg Former McDonald’s Corp Chief Executive Officer (CEO) Stephen Easterbrook agreed to pay $400,000 over allegations from US regulators that he failed to disclose improper relationships with employees at the company. The Securities and Exchange Commission (SEC) said that Easterbrook didn’t fully disclose violations of company policy leading up to his termination in 2019. The terms of his departure ...

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• 11 January

  UK retailers got Christmas boost even as inflation hit volumes

  

    Bloomberg UK retailers saw an uplift in sales in December as shoppers braved rail strikes and cold weather to buy Christmas gifts, but soaring inflation meant consumers had to pay more for fewer items. Retail sales rise 6.5% last month compared with a year earlier, driven by food sales which grew almost 8%, according to data from the British ...

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• 11 January

  Rolex reseller raises cash from investors

    Bloomberg Bezel, a US online watch reseller, won financial backing from a slew of investors including former Disney President Michael Ovitz, actor and comedian Kevin Hart, recording artist John Legend and professional athletes from the NBA and NFL. Launched in 2022, Bezel is taking aim at established watch resale platforms including Chrono24, Bob’s Watches and EBay Inc, seeking a ...

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• 10 January

  Tata all set to takeover iPhone plant to grow Apple supply role

  

    Bloomberg Tata Group is close to taking over a major plant in southern India in a deal that would give the country its first homegrown iPhone maker. The airline-to-software conglomerate has been in talks with the factory’s owner, Taiwan’s Wistron Corp., for months, and is looking to complete the purchase by the end of March, according to two people ...

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