December, 2018

• 4 December

  Lululemon founder to join bid for Amer

  

  Bloomberg The founder of yoga-apparel retailer Lululemon Athletica Inc. is close to joining the Chinese investor group pursuing a takeover of Amer Sports Oyj, owner of brands including Wilson tennis rackets, people familiar with the matter said. Canadian billionaire Chip Wilson is in talks to take around a 20 percent stake as part of the consortium led by Anta Sports …

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• 4 December

  Robot janitors coming to mop Walmart floors

  

  Bloomberg Robots are coming to a Walmart Inc. near you, and not just as a gimmick. The world’s largest retailer is rolling out 360 autonomous floor-scrubbing robots in some of its stores in the US by the end of the January, it said in a joint statement with Brain Corp., which makes the machines. The autonomous janitors can clean floors …

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• 4 December

  UK consumer spending growth slows

  Bloomberg UK consumer spending growth slowed in November as concerns about Brexit prompted households to become more cautious with their cash. Spending grew 3.3 percent in November, the weakest pace since extreme cold weather dubbed the “Beast from the East” kept shoppers away from stores in March, according to a report by Barclaycard published on Tuesday. The proportion of UK …

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• 3 December

  Oil rises most since June on trade war truce, Saudi-Russia pact

  

  Bloomberg Oil surged the most in more than five months as Saudi Arabia and Russia extended a cooperation pact and US-China trade tensions cooled. Unprecedented supply cuts in Canada also drove prices higher. Futures in New York advanced almost 6 percent on Monday, bouncing back from the worst monthly slump in a decade. Although Russia and Saudi Arabia have yet …

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• 3 December

  UAE passport ranked world’s number one

  

  MOSCOW / WAM Russian newspapers and news agencies highlighted the UAE’s historic achievement of making the UAE passport the world’s leading passport, coinciding with the Year of Zayed and the 47th National Day. In a press release, RIA Novosti and Vesti Roy said that the UAE passport is ranked first in the passport index while noting the tweet of His …

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• 3 December

  China will reduce, remove car import tariffs: Trump

  

  Bloomberg President Donald Trump said in a tweet that China has agreed to “reduce and remove” tariffs on imported American-made cars, a claim that wasn’t immediately confirmed by Beijing. Trump gave no other details in his post, which came shortly after he agreed with Chinese President Xi Jinping to a truce in the trade war during a meeting at the …

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• 3 December

  DLD to host real estate shows in India, China

  Dubai / Emirates Business Dubai Land Department (DLD) will organise Dubai Property Show (DPS) – Mumbai and Luxury Property Show (LPS) – Shanghai, where the former will be held from December 7-10 in Bandra Kurla Complex in Mumbai, India, and the latter on December 7 – 9 in the Shanghai Exhibition Centre in Shanghai, China. HE Majida Ali Rashid, CEO …

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• 3 December

  Canada joins oil cut drive as Alberta seeks to ease glut

  

  Bloomberg Canada’s largest oil producing province ordered an unprecedented output cut, an effort to ease a crisis in the nation’s energy industry and adding to global actions to combat a recent price crash. The plan will reduce production of raw crude and bitumen from Alberta by 325,000 barrels a day, or 8.7 percent, from January until excess oil in storage …

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• 3 December

  Australian govt may be targeting wrong culprit for power price jump

  

  Bloomberg The Australian government hounding the gas sector to get power bills down is overlooking the surge in the price of coal, which fuels the bulk of the country’s generation. The cost of coal power in Australia has doubled from 2016 levels, in line with seaborne spot prices of the fuel, Bloomberg NEF said in a report on Monday. That’s …

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• 3 December

  Vivint Solar drops most in over two years

  

  Bloomberg Vivint Solar Inc dropped the most in more than two years after saying a fund managed by Blackstone Group LP, its biggest owner, is selling 8 million of the rooftop solar company’s shares at a 21 percent discount. Vivint fell 21 percent to $5.51 at 11:33 am in New York, after earlier sliding as much as 22 percent. That’s …

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