September, 2018

• 16 September

  900 Hong Kong flights cancelled as typhoon batters city

  

  Bloomberg Airlines and passengers over parts of Asia have been grounded as Typhoon Mangkhut belted Hong Kong with mammoth gales and rain before moving towards China’s Guangdong province. According to the Hong Kong Airport Authority, 889 flights were canceled Sunday because of the storm. The city’s Airport Express train and bus service were also suspended. Cathay Pacific Airways Ltd. said ...

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• 16 September

  US retail sales trail forecasts as autos and apparel decline

  

  Bloomberg US retail sales rose by less than forecast in August following an upwardly revised July gain as purchases of automobiles and clothing fell, suggesting households took a breather from spending. The value of overall sales climbed 0.1 percent from the prior month after a 0.7 percent increase in July, Commerce Department figures showed. The median forecast of economists surveyed ...

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• 16 September

  Elf Beauty’s CEO fighting for more shelf space

  

  Bloomberg Elf Beauty Inc. is “just getting started,” according to CEO Tarang Amin. The low-price beauty brand has “tremendous white space opportunity” and there are multiple avenues to take — and the company’s ready to back with investments in marketing, Amin said in an interview at Bloomberg’s New York headquarters. “Any retailer we go into, we are among the most ...

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• 16 September

  L&G closes $5.7bn BA pension deal

  Bloomberg Legal & General Group Plc completed a $5.7 billion buy-in with the British Airways pension scheme in what it says is the largest-ever deal of its kind in the UK. The deal covers almost 22,000 pensioners and it includes the conversion of existing longevity insurance into a so-called bulk annuity. The company expects to announce further transactions in the ...

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• 15 September

  ‘Urgent need’ to reform WTO, say G20 ministers

  

  Bloomberg Trade ministers for the world’s 20 largest economies said that they found an ‘urgent need’ to reform the World Trade Organization (WTO). Member nations recognize the need to ‘step up dialogue’ to mitigate risks, enhance confidence in global trade, and improve the WTO, they said in a statement released following meetings in Mar del Plata, Argentina. The meetings included ...

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• 15 September

  Digital platform to showcase Dubai’s competitiveness

  

  Dubai / WAM The Dubai Competitiveness Office (DCO), in the Department of Economic Development (DED), Dubai, has announced plans to launch ‘The Future of Competitiveness Platform,’ the first interactive digital platform of its kind, which will track competitiveness data and indicators worldwide and benchmark Dubai’s competitiveness to support decision-making in the local public and private sectors. Set to be launched in ...

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• 15 September

  UAE ministry, WBG boost financial coordination

  

  DUBAI / WAM The Ministry of Finance, in collaboration with the World Bank Group (WBG), has held a roundtable discussion to strengthen financial coordination between the health and education sectors in the presence of representatives from the Central Bank of UAE. The sessions was opened by ministry officials, followed by a presentation by the WBG’s team led by Naoko Kojo. ...

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• 15 September

  ADX hosts meeting on AFE today

  ABU DHABI / WAM Abu Dhabi Securities Exchange (ADX) will host the annual meetings of the Arab Federation of Exchanges (AFE) in Abu Dhabi on September 16-17 in the presence of a number of CEOs of member stock exchanges and general managers of Clearing Settlement and Depository centres in the Arab world. The two-day meetings will discuss issues and aspects ...

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• 15 September

  Sharjah, China discuss mutual investments, business prospects

  

  Sharjah / WAM In line with Sharjah’s development and strategic objectives to enhance economic diversification, the Sharjah FDI Office (Invest in Sharjah) concluded its participation in three leading global investment events which were held in Xiamen and Shanghai, China. The three exhibitions set the stage for discussions on common investment and business interests between both parties and presented “Invest in ...

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• 15 September

  Al Zeyoudi highlights UAE’s proactive climate action on global stage

  

  CALIFORNIA / WAM A high-level UAE delegation, headed by Dr Thani bin Ahmed Al Zeyoudi, Minister of Climate Change and Environment, has concluded a successful visit to the state of California, United States. The prime goal of the visit was to participate in the Global Summit on Climate Action in San Francisco, California, where decision makers from around the world ...

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