March, 2017

• 30 March

  China’s carriers set for biggest profit since 2010 on expansion

  

    Bloomberg Morton Shen, a manager at a Shanghai-based company, no longer needs to spend more than 17 hours to fly to Madrid after a layover in Amsterdam. A Chinese airline now can whisk him direct to Spain’s capital in about 13 hours for a cheaper fare. “Most travellers would prefer the direct flight as transfers waste too much time,” ...

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• 30 March

  Lululemon drops 18% after forecast misses mark

  

    Bloomberg Lululemon Athletica Inc. plummeted as much as 18 percent in late trading after the yogawear company’s forecast missed estimates, renewing concern that demand for athletic gear is wavering. The company expects earnings of $2.26 to $2.36 a share this year, well below the $2.56 projected by analysts. Its revenue forecast also came in light of predictions. Lululemon’s woes ...

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• 30 March

  Amazon closes Quidsi to narrow focus on groceries

  

    Bloomberg Amazon.com Inc. is closing Diapers.com, Soap.com and other sites it purchased for about $545 million in 2011 to eliminate a dogged competitor and gain e-commerce customers. The online retailer said it’s shutting Quidsi, the unit that ran the websites, because it couldn’t make a profit. But e-commerce analysts said Amazon probably intended to eliminate the sites as stand-alone ...

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• 30 March

  Ferrari World Abu Dhabi opens ‘Turbo Track’

  

    Abu Dhabi / Emirates Business The highly-anticipated rollercoaster ‘Turbo Track’ was officially launched at Ferrari World Abu Dhabi yesterday. The latest heart-pounding ride burst into life at a high-profile, inaugural event attended by His Excellency Mohamed Khalifa Al Mubarak, Chairman of Miral, Mohamed Abdalla Al Zaabi, CEO of Miral and Luca Fuso, Ferrari’s Chief Brand Officer, along with a ...

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• 30 March

  Samsung seeks to lure back buyers with S8 smartphone

  

    Bloomberg Samsung Electronics Co. knows it needs to get its new flagship smartphone right. Apart from making sure the gadget won’t cause bodily harm, the company packed it with a plethora of new features: taller, curved screens, encrypted facial recognition, deeper display colors, system-wide voice control and the ability to turn into a desktop computer. The Galaxy S8 comes ...

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• 30 March

  Pinterest seeks new ad revenue sources ahead of possible IPO

  

    Bloomberg Pinterest Inc. has started pursuing a segment of advertisers that may one day contribute a quarter of its revenue: small and medium-sized businesses. The company unveiled a new program, called Pinterest Propel, which provides special services for new advertisers unfamiliar with the way its site works. By committing to spend up to $100 a day on Pinterest ads, ...

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• 30 March

  Robots are coming for a third of UK jobs

    Bloomberg Up to one-third of British jobs could face automation in the next 15 years, but the technology will improve productivity and create new roles elsewhere, according to PricewaterhouseCoopers LLP. The transportation and storage industry and manufacturing have the most roles at risk, the report showed. Education, health and social work are least likely to be affected due to ...

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• 30 March

  Uber crash shows human traits in self-driving software

  

    Bloomberg A recent crash involving an Uber Technologies Inc. driverless car suggests autonomous software sometimes takes the same risks as the humans it may one day replace. The accident on Friday in Tempe, Arizona, caused no major injuries. Another human-driven car turning left failed to yield, hit the Uber car and flipped it on its side. After a short ...

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• 29 March

  Healthcare sector in UAE to hit AED103bn

  

    ABU DHABI / WAM The move towards quality healthcare as well as an increase in demand for preventive care and digital health will contribute to a massive 60 percent growth of the UAE’s healthcare sector in five years, according to a new study by MENA Research Partners (MRP), a leading research company in the region. The current AED64 billion ...

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• 29 March

  ZonesCorp’s new development to support SMEs

  

    ABU DHABI / WAM ZonesCorp, the largest developer and operator of purpose-built industrial zones in the UAE, unveiled a new development designed to support the growth of small and medium-sized enterprises, SMEs, in Abu Dhabi. The new zone being developed by ZonesCorp will feature 261 prefabricated, ready-to-use units covering an area of just over 300,000 square metres. Overall, 80 ...

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