January, 2019

• 21 January

  Tiffany & Co discovers oasis in China where Apple stumbles

  

  Bloomberg While Chinese shoppers may not be buying much Tiffany jewellery in New York City these days, it appears they’re happy to open their wallets in Beijing. That’s a trick Apple Inc. hasn’t been able to pull off. Tiffany & Co, whose overall holiday sales fell flat, reported double-digit sales growth in mainland China in the final two months of …

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• 21 January

  Airline meals stockpiled over Brexit border fears

  

  Bloomberg A hard Brexit could bring queues at airports and put a brake on new routes, but airline passengers should at least be able to chow down on an in-flight meal. With concerns growing that a no-deal split will snarl traffic at UK ports, stalling the flow of goods, the world’s biggest caterer to the aviation industry has begun to …

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• 21 January

  Heathrow remains Europe’s busiest airport, says report

  

  Bloomberg London Heathrow airport held onto its status as Europe’s busiest hub last year with a pack of four challengers almost neck-and-neck in the competition for second place, data compiled by Bloomberg show. Moscow Sheremetyevo joined the regional top 10 at the expense of Rome’s Fiumicino terminal, spurred by a surge in soccer fans attending the World Cup finals, and …

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• 21 January

  Debenhams holds talks with landlords to cut store rents

  Bloomberg Debenhams Plc is in talks with landlords to negotiate rent cuts as the UK department-store chain seeks to ease the burden of its store portfolio, FT reported, citing unidentified people familiar with the matter. British Land Co and Intu Properties Plc have the largest exposure to the retailer, the newspaper reported, citing data from Colliers International. FT said Debenhams …

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• 21 January

  Airport wait times turn longer over ‘shutdown’

  Bloomberg Travellers may see longer wait times at US security checkpoints — particularly at New York area airports and major hubs like Chicago — due to fewer TSA agents reporting for work as the government shutdown stretches into its 30th day. Unscheduled absences for TSA employees climbed to 8 percent on Saturday versus 3 percent a year ago, with some …

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• 21 January

  The nicest Sears you’ve ever seen isn’t owned by Sears

  

  Bloomberg You walk into a shiny, new two-floor Sears store in a buzzing, bright shopping center in one of the world’s busiest cities, passing designer garb encased in pink LED lighting while the scent of Bulgari and Cartier perfume wafts past. Shoppers browse for XOXO handbags and Levi’s 501 jeans under large chandeliers and golden baroque flourishes. Sears stores here …

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• 20 January

  Abu Dhabi energy forum facilitates $10.5bn deals

  

  ABU DHABI / WAM The World Future Energy Summit (WFES) 2019, a key enabler of Abu Dhabi Sustainability Week, has facilitated deals valued at $10.5 billion to be implemented across 20 countries during its four-day run at the Abu Dhabi National Exhibition Centre. The event saw a consortium led by Masdar and France’s EDF win a tender to build a …

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• 20 January

  Global oil demand to remain stronger in 2019, says IEA

  

  Bloomberg Global oil demand remains on course to be stronger this year than in 2018 as a boost from lower fuel prices counters slowing economic activity, according to the International Energy Agency (IEA). “We have seen prices fall very significantly since the peak at the beginning of October, and that is providing some relief to consumers,” Neil Atkinson, head of …

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• 20 January

  Saudi in talks to build oil refinery in South Africa

  

  Bloomberg Saudi Arabia is in talks to build an oil refinery in South Africa as part of a pledge to invest as much as $10 billion in Africa’s most developed economy. Joint studies for a refinery and petrochemical complex will be conducted by state oil giant Saudi Aramco and South Africa’s Central Energy Fund, energy ministers from the two countries …

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• 20 January

  Biggest rig slowdown in 3 years signals shale retreat

  

  Bloomberg Oil explorers still reeling from the late-2018 price collapse shut down drilling rigs in the biggest US field and elsewhere at the fastest pace in almost three years. The number of working oil rigs plunged by 21 this week to 852, the lowest since late May, according to data released by oilfield-services provider Baker Hughes. A 26 percent surge …

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