September, 2019

• 1 September

  Hudson’s Bay to shut Dutch unit, dismiss 1400 workers

  

  Bloomberg Hudson’s Bay Co’s European adventure is nearing an end, as the Canadian retailer plans to close its 15 Dutch department stores, Het Financieele Dagblad reported. The company will shut the stores and dismiss the workforce of more than 1,400 by the end of the year, the Dutch newspaper said, citing a letter from Hudson’s Bay. A spokesperson wasn’t immediately ...

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• 1 September

  Forever 21 preparing for potential bankruptcy filing

  

  Bloomberg Forever 21 Inc is preparing for a potential bankruptcy filing as the fashion retailer’s cash dwindles and turnaround options fade, according to people with knowledge of the plans. The company has been in talks for additional financing and working with a team of advisers to help it restructure its debt, but negotiations with possible lenders have so far stalled, ...

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• 1 September

  UK climate activists plan drone protest

  Bloomberg Climate activists plan to fly toy drones near London’s Heathrow airport next month, as they seek to draw attention to a planned expansion and its impact on greenhouse gases. The group, Heathrow Pause, will fly the drones inside an exclusion zone surrounding Europe’s busiest airport starting from September 13, it said in a statement on its website. Drones are ...

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• 1 September

  Travellers get court approval to sue airport screeners

  

  Bloomberg A US appeals court has rejected the notion that federal airport screeners are immune from lawsuits filed by aggrieved travellers. In a 9-4 decision, the Court of Appeals in Philadelphia ruled that Transportation Security Officers (TSOs), given their authority to conduct invasive searches of travellers, are essentially law enforcement officers and as such aren’t covered by the immunity granted ...

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August, 2019

• 28 August

  More voters see economy declining under Trump

  

  Bloomberg For the first time since President Donald Trump was elected, more Americans say the economy is getting worse than getting better. A new Quinnipiac Poll shows 37 percent saying the economy is declining, compared with 31 percent who continue to see improvement. Only 30 percent say the economy is staying about the same, the lowest number on record. Polls ...

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• 28 August

  India allows 100% foreign investment in coal mining

  

  Bloomberg India’s government has approved scrapping a cap on foreign investment in commercial coal mining, a person with direct knowledge of the matter said, as part of efforts to boost economic growth. The change would allow overseas miners such as BHP Group Ltd and Glencore Plc to own 100 percent of mining companies. A spokeswoman at Commerce and Industry Ministry ...

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• 28 August

  Singapore to participate in Expo 2020

  Dubai / WAM Singapore has announced its participation in Expo 2020 Dubai. The Singapore Pavilion, titled ‘Nature. Nurture. Future’, will pay tribute to Singapore’s journey towards growth, sustainability, and resilience. The Urban Redevelopment Authority (URA) will lead Singapore’s participation in the Expo which will run from October 20, 2020 to April 10, 2021, coordinating with partners from the public and ...

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• 28 August

  Enoc signs agreement to supply lubricants to Greece’s IMS Oil

  

  DUBAI / WAM Enoc Group has signed a Memorandum of Understanding (MoU) with IMS Oil Trading, an international trading operator in Greece to exclusively supply lubricants for up to 16 product tankers at IMS Oil’s Fujairah and Singapore ports. The partnership also expands Enoc’s marine lubricants supply network to over 110 ports in 23 countries across the world. Saif Humaid ...

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• 28 August

  UAE, Saudi reinforce ties in housing sector

  

  Dubai / WAM A joint working team was formed to reinforce the strategic partnership between the UAE and Saudi Arabia in the housing sector, to provide unified housing services and launch joint projects, as part of the work of the Saudi-Emirati Coordination Council. The team is responsible for launching joint housing initiatives, performing studies and presen-ting propositions to the council’s ...

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• 28 August

  Sheikha Fatima: Emirati women essential to UAE future prospects

  

  ABU DHABI / WAM HH Sheikha Fatima bint Mubarak, Chairwoman of the General Women’s Union, President of the Supreme Council for Motherhood and Childhood, and Supreme Chairwoman of the Family Development Foundation, has sent a message of support to Emirati women reinforcing their critical role in enabling the growth and progress for the UAE. Addressing employees of the Abu Dhabi ...

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