November, 2018

• 20 November

  Shiseido signs tennis star Osaka to fuel global presence

  Bloomberg Shiseido Co., the Japanese beauty company seeking a more global presence, is bringing on a local hero with international appeal to sell its cosmetics, signing tennis star Naomi Osaka as a brand ambassador. Osaka, the first Japanese player to win a Grand Slam singles championship, has attracted advertisers looking for a fresh new face to reach a more diverse …

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• 20 November

  EasyJet’s summer bookings gain amid Brexit concern

  

  Bloomberg EasyJet Plc delivered a surprisingly upbeat assessment of the impact of Brexit on the European travel market, saying that not only will flights continue unimpeded but that bookings for next year are actually higher. The company’s fiscal first half, which ends on March 31, two days after Britain is due to quit the EU, is showing “solid demand,” with …

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• 20 November

  Largest Ikea store to open in Manila

  

  Bloomberg The world’s largest Ikea store will open in 2020 in the Philippines as the Swedish furniture retailer presses on its bets in Asia. Ikea will debut a 65,000 square metre (700,000 square feet) store in SM Prime Holdings Inc.’s Mall of Asia where it’s leasing a space that’s equal to more than 150 basketball courts, Ikea Southeast Asia Managing …

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• 20 November

  French supermarket chain names new finance chief

  Bloomberg Casino Guichard-Perrachon SA promoted David Lubek to chief financial officer as the embattled French supermarket chain freshens up management in a bid to fend off short sellers who question its accounting. Lubek, 45, replaces Antoine Giscard d’Estaing, a 57-year-old nephew of a former French president. The outgoing CFO will pursue new professional projects after 10 years at the company, …

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• 19 November

  Albanian parliament, IPTP honour Sheikh Zayed

  TIRANA / WAM The Albanian Parliament and the International Parliament for Tolerance and Peace (IPTP) honoured the late Sheikh Zayed bin Sultan Al Nahyan in Tirana, Albania. The members of the parliament stood in respect for the UAE Founding Father, in appreciation of his contributions to promoting tolerance and peace around the world, during the second session of the Albanian …

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• 19 November

  Seminar held to foster development of SMEs

  

  ABU DHABI / WAM The National Programme for Small and Medium-Sized Enterprises, the executive arm of small and medium-sized enterprises (SMEs), operating under the umbrella of the Ministry of Economy, organised an introductory workshop, in cooperation with European Business Network of the European Commission. The workshop, which was attended by over 25 representatives of funding institutions and organisations that support …

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• 19 November

  Uber set to resume services in Abu Dhabi

  Emirates Business Uber announced on Monday the re-launch of its services in the UAE capital, in collaboration with Department of Transport in Abu Dhabi — represented by the Integrated Transport Centre (ITC) — to offer convenient and reliable transportation solutions across the Emirate with a push of a button. The announcement followed the signing of an agreement between Uber and …

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• 19 November

  Oman merger to create oil refining-to-trading giant

  

  Bloomberg The largest Persian Gulf producer that’s not an Opec member is combining state-run oil investment and refining companies to form a business that spans pumping crude and natural gas to processing and trading fuels. Government-owned Oman Oil Co and Oman Oil Refineries & Petroleum Industries Co (Orpic) named Musab Abdullah Al Mahruqi as chief executive officer of the merged …

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• 19 November

  UK housing woes deepen as asking price tumbles

  

  Bloomberg UK asking prices fell from a year earlier for the first time since 2011, led by declines in London and among the most expensive properties. Asking prices slipped 0.2 percent to 302,023 pounds ($387,000), according to Rightmove. Prices were 1.7 percent lower compared with October, the biggest drop for the month since 2012, the property website said on Monday. …

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• 19 November

  US stocks fall on tech jitters, China trade fear

  

  Bloomberg US stocks were lower, reversing gains from late last week, as investors grew pessimistic about escalating trade tensions between the Trump Administration and China. Treasuries declined, the dollar steadied and gold fell. All major US equity benchmarks fell, led by the Nadaq 100 Index as tech shares slumped. Apple Inc. sank 2.3 percent following reports that it had cut …

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