August, 2019

• 25 August

  Quarter of China’s sportswear factories idled: Nike challenger

  

  Bloomberg A quarter of Chinese production capacity used by global sportswear brands is lying idle, according to a manufacturing executive, as the protracted trade war pushes the biggest sports labels out of the Asian nation’s factories. The exodus is forcing factories to offer discounts of 10 percent to companies such as his to use their dormant production lines, Chinese sportswear ...

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• 25 August

  UK to ease airport security ‘hassle’ with new scanners

  

  Bloomberg The UK plans to ease security line hold-ups for passengers by requiring all major airports to use 3D scanners for cabin baggage by the end of 2022. The new equipment, which is currently being tested at London’s Heathrow airport, will make the security procedures “quicker and easier” for travellers by ending requirements to remove toiletries and electrical equipment from ...

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• 25 August

  Amazon signs deal to buy Cargojet stake

  

  Bloomberg Cargojet Inc soared to a record high after Amazon.com Inc signed a deal that would allow the online retailer to buy a stake in the Canadian cargo carrier. Under the agreement, Mississauga, Ontario-based Cargojet will issue warrants to Amazon in two tranches to purchase variable voting shares that will vest based on the achievement of certain commercial milestones. “Cargojet ...

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• 25 August

  Cathay Pacific warns staff of ‘zero tolerance’

  Bloomberg Cathay Pacific Airways Ltd said it will show zero tolerance to employees who support or take part in illegal protests ahead of “planned activities” by trade union members around its operational hub Cathay City in Hong Kong on August 26. “Any activities that impact our ability to operate safely not only significantly disrupt the travelling public, but also jeopardise ...

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• 25 August

  Gap reports sales drop again, even at Old Navy

  

  Bloomberg Gap Inc reported another quarter of declining sales at its namesake brand and Old Navy, rattling investors who are still waiting for more details on the planned spinoff of the discount chain. Same-store sales, a closely watched metric in retail, fell 4 percent at the overall company in the second quarter, which was worse than expected. Old Navy, which ...

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• 25 August

  Mailbox stores’ new e-comm campaign fights ‘porch pirates’

  

  Bloomberg An association of independent mailbox-store owners is forming a national network for receiving e-commerce packages, seeking to add a layer of security for consumers while capitalising on the surge of online shopping. Retail Shipping Associates (RSA) plans to announce an effort to organise the group’s stores under a national brand called the Package Hub Business Center, which consumers would ...

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• 24 August

  Dewa wins accolade

  Dubai / WAM Dubai Electricity and Water Authority (Dewa) announced that it has won the ‘best customer service initiative through the billing sector’ for its ‘high water usage alert initiative’ as part of the Global Business Excellence Awards 2019, organised by the UK-based Awards Intelligence. The Global Business Excellence Awards recognises public and private sector institutions in accordance with rigorous ...

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• 24 August

  Etisalat Freedom customers get free data upgrade

  Abu Dhabi / Emirates Business Etisalat announced the launch of its double data offer providing existing and new postpaid customers twice as much data on their ‘Freedom’ plans. Etisalat Freedom plan customers who joined on April 1 onwards will automatically get their data doubled upto 200GB as part of the limited time promotion. New and existing Etisalat customers can take ...

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• 24 August

  Sheikh Mohamed, India’s Modi discuss bilateral ties

  

  Abu Dhabi / WAM HH Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, and Narendra Modi, Prime Minister of India, discussed enhancing bilateral relations and reviewed a variety of regional and global issues of common interest. During an official session at Qasr Al Watan, HH Sheikh Mohamed bin ...

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• 24 August

  UAE confers ‘Order of Zayed’ to Indian PM

  

  ABU DHABI / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, on Saturday conferred Narendra Modi, Prime Minister of India, with the Order of Zayed, in recognition of his role in promoting friendship and cooperation between the two friendly countries. The Order of Zayed was ...

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