April, 2019

• 7 April

  Baby boomers become ticket to luring in young consumers for new Sears

  

  Bloomberg Just like some millennials, the new Sears is counting on a hand from their parents. Baby boomers are the ticket to luring in the coveted group of young consumers, who are currently in the process of starting households and loading up on appliances, beds and other staples, according to Peter Boutros, the company’s chief brand officer and president of ...

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• 7 April

  Naomi Osaka signs deal with Nike, leaves Adidas

  

  Bloomberg Tennis star Naomi Osaka surprised industry watchers by signing an endorsement deal with Nike Inc, switching from the US sports brand’s biggest rival, Adidas AG. The sports world had been anticipating that Adidas would pay a record sum to renew a clothing endorsement with No. 1-ranked Osaka, who seized global media attention by defeating Serena Williams at the US ...

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• 7 April

  Amazon Go faces unlikely challenge from checkout-free startup

  

  Bloomberg Alarmed at Amazon.com’s rapid growth in Europe, grocers are considering fighting back with the help of a tiny Portuguese startup. Sensei, a 16-month-old technology company based in Lisbon that’s backed by Germany’s Metro AG and Portugal’s Sonae SGPS SA, is pitching its technology to European supermarkets as they race the e-commerce giant to open the region’s first checkoutless stores. ...

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• 6 April

  UAE non-oil private sector gains momentum

  DUBAI / Emirates Business The UAE’s non-oil private sector has maintained a solid monthly improvement, according to the latest Purchasing Managers’ Index (PMI) issued by Emirates NBD. The improvement in business conditions reflected sharper increases in output, new orders and stocks of purchases, as well as a return to job creation. These all in some way were linked to anecdotal ...

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• 6 April

  Start-ups to provide 50% of all new jobs

  

  Dubai / WAM Start-ups and other young companies can provide around 50 percent of all new job prospects in the market at the seed stage and those operating for two and a half years hiring an average of 12 workers. Several reports reveal that start-ups generate significant employment opportunities globally, helping drive immense economic growth prospects. The role of start-ups ...

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• 6 April

  Boeing cuts 737 jet output as groundings drain cash

  

  Bloomberg Boeing Co is cutting production of its 737 jetliner for the first time since the September 11 attacks as the planemaker works to limit financial damage from the global grounding of its newest and best-selling aircraft model. By slashing output 19 percent — to 42 airplanes a month by mid-April — Boeing will be able to reduce its spending ...

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• 6 April

  CultureSummit Abu Dhabi announces, dynamic, week-long event

  

  ABU DHABI / WAM The Department of Culture and Tourism – Abu Dhabi (DCT Abu Dhabi) has announced the full programme of the third edition of CultureSummit Abu Dhabi, set to run from April 7-11 at Manarat Al Saadiyat in Abu Dhabi. CultureSummit Abu Dhabi is a unique global platform that brings together leaders in arts, heritage, media, museums, and ...

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• 6 April

  Dubai-based school raises fund for Senegal school

  Dubai / WAM A Dubai-based school has partnered with Dubai Cares, raising funds to help build a school in Senegal. The Repton School Dubai successfully raised a total of AED142,000 to further support education programs for underprivileged children in rural Senegal. The initiative, in association with Dubai Cares, is part of the ‘Adopt a School’ programme that focuses on enriching ...

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• 6 April

  KF donates over 2,000 books for Arab refugees, immigrants in Italy

  

  SHARJAH / WAM In the presence of Sheikha Bodour bint Sultan Al Qasimi, Vice President of the International Publishers Association (IPA), and Founder and Chairperson of Kalimat Foundation for Children’s Empowerment (KF), distributed 2,000 books to 11 libraries across Italy. The books belong to a mix of genres including literature, culture, and sciences and are targeted mainly at Arab immigrant ...

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• 6 April

  People of UAE raised on noble values, high morals

  

  RABAT / WAM His Highness Sheikh Hamdan bin Zayed Al Nahyan, Ruler’s Representative in Al Dhafra Region, has visited the Spring youth camp, ‘Abnaa’ Al Fakhr’ in Rabat, Morocco. The camp is organised by the Martyrs’ Families’ Affairs Office at the Abu Dhabi Crown Prince’s Court. Children and young individuals aged between 10 and 22 years are partaking in the ...

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