Bloomberg Target Corp will create a dedicated section for Walt Disney Co products inside some of its stores just in time for the holidays, looking to boost sales of everything from dolls to lightsabers. The discount retailer will open Disney-themed sections in 25 stores in early October, with another 40 coming within the next year, the companies said in a ...
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August, 2019
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26 August
British Airways pilots to strike for three days in Sept
Bloomberg British Airways pilots will strike for three days next month after their union said the latest pay proposals from the carrier are insufficient. Members of the British Airlines Pilots’ Association (Balpa) will walk out on September 9, 10 and 27, the labour group said in a statement. Balpa had been considering its position since mediated talks with management at ...
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26 August
Blockbuster deals in 2019 boost Canada’s airline stocks by $5bn
Bloomberg The year has been one for the record books when it comes to Canadian airline stocks. The country’s four biggest carriers have seen double-digit share price growth amid a myriad of deals and stake purchases. The corporate transactions have added a total of about $5.3 billion in market value to the companies, according to data compiled by Bloomberg. Amazon.com ...
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26 August
Amazon joins Walmart in blaming Tesla’s solar panels for store fires
Bloomberg Walmart Inc isn’t the only corporation that has seen its Tesla Inc solar panels catch fire. Amazon.com Inc said a June 2018 blaze on the roof of one of its warehouses in Redlands, California, involved a solar panel system that Tesla’s SolarCity division had installed. The Seattle-based retail giant said by email that it has since taken steps to ...
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26 August
South Africa seizes Air Tanzania jet
Bloomberg South Africa’s seizure of an Air Tanzania aircraft was linked to a land compensation claim that dates back to the 1980s, the East African nation’s government said. The case doesn’t involve the airline and is part of a wider dispute between Tanzania and Hermanus Steyn, a South African investor, Hassan Abbasi, a spokesman for the Tanzanian government, said in ...
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26 August
Kraft Heinz would be third largest junk issuer if ratings cut
Bloomberg Kraft Heinz Co could end up as one of the biggest junk issuers if it doesn’t take its debt load by mid-2021. S&P Global Ratings said it could cut the packaged-food company to speculative-grade if it doesn’t boost earnings, pay down some of its more than $30 billion of long-term debt, or both. Roughly two-thirds of those borrowings currently ...
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25 August
UAE-Saudi capacity building programme begins in Riyadh
RIYADH / WAM The joint government services training programme organised by the UAE and Saudi Arabia, titled, ‘UAE-Saudi Capacity Building Programme’, has begun in the Saudi capital, Riyadh. The programme aims to build the capacities of government services employees from the two countries, according to specialised services criteria and as part of their partnership, as represented by the Saudi-Emirati Coordination ...
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25 August
Trump regrets not raising tariffs higher: White House
Bloomberg Donald Trump acknowledged having second thoughts on escalating the trade war with China — only for his top spokeswoman to later say he meant he regretted not raising tariffs even more. White House Press Secretary Stephanie Grisham now says the media misinterpreted Trump’s initial remarks. Trump doesn’t regret starting a trade war but he does have second thoughts on ...
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25 August
Accommodation, food services add AED32.5bn to UAE’s GDP
ABU DHABI / WAM Accommodation & Food Services contributed AED32.5 billion in real prices to the 2018’s GDP, a growth of 4.2 percent on year, according to Federal Competitiveness and Statistics Authority (FCSA). In real (constant) prices, the sector’s contribution to non-oil GDP reached 6.8 percent during 2018, maintaining the high momentum it has created over the past years, driven ...
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25 August
Adnoc Distribution’s shares certified as Shari’a compliant
ABU DHABI / WAM Adnoc Distribution announced that its shares have been certified as Shari’a compliant based on the recent screening assessment made by The Unified Committee of Isla-mic Banks for Shari’a Screening of Equities — UAE. This certification enables brokerage arms of Islamic banks to trade Adnoc Distribution shares. Adnoc Distribution’s Acting CEO, Saeed Mubarak Al Rashdi, said, “We ...
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