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Bloomberg Hong Kong retailers’ struggles eased slightly in August even as social-distancing measures were extended to combat the latest wave of coronavirus infections in the city. Retail sales by value fell 13.1% from a year earlier to HK$25.6 billion ($3.3 billion), according to a government statement. That’s better than the median forecast for a 17.5% decline in the period, according ...

Bloomberg Condé Nast Inc, publisher of magazines like Vogue, The New Yorker and Vanity Fair, will open a global technology and product centre in Bangalore to amplify the digital capabilities of its brands and boost online revenues. The Condé Nast Technology Lab will open later this week starting with a few dozen engineers, with plans to expand headcount for product, ...

Bloomberg US Secretary of State Michael Pompeo urged the Vatican to ramp up its opposition to governments abusing religious freedom, as he sought allies for the administration’s push against China. Shortly after landing in Rome on the first day of a two-day visit, Pompeo lost no time in pointing the finger at China, as the Vatican prepares to renew a ...

DUBAI / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, announced the launch of the Emirates Lunar Mission, the first Emirati and Arab mission to explore the moon. The mission supports the UAE’s efforts to enhance the region’s space industry and contribute to its future built by ...

Abu Dhabi / WAM Khalifa Fund for Enterprise Development has officially launched the ‘SME Rating’, a digital classification system that provides a comprehensive overview of the logistics, operations and overall performance of SMEs. The SME Rating measures the SMEs through a key set of financial and operational evaluation criteria including financial and productivity management, business sustainability and human resources. The ...

Abu Dhabi / WAM The number of employed persons in the UAE accounted for 97.8 percent of the country’s working age population by the end of 2019, figures by the Federal Ccompetitiveness and Statistics Authority (FCSA) have shown, indicating that the majority of the total population are engaged in economically productive activities. The number of workforce was 7.388 million in ...

ABU DHABI / WAM Sanad, an industry leader in aerospace engineering and leasing solutions, and Etihad Airways, the UAE’s national carrier, have closed a new spare engine deal which further cements Abu Dhabi’s position as a self-sustaining international aviation sector hub. The announcement of the new deal came during the Global Aerospace Summit in Abu Dhabi, where industry leaders convened ...

Bloomberg India is considering a floor price for natural gas produced from local fields to shield explorers like state-run Oil & Natural Gas Corp (ONGC) as tariff slumps, people with knowledge of the matter said. Shares of explorers gained. The proposal being considered by the oil ministry pegs the price to the popular benchmark Japan-Korea Marker that is used for ...

Bloomberg A bruising Senate confirmation fight over President Donald Trump’s Supreme Court choice may seal the fates of several incumbent senators in the November election, though it has yet to drastically alter the odds for which party will control the chamber. Trump’s decision to nominate Judge Amy Coney Barrett to the high court with just weeks to go before Election ...

Bloomberg The UK could be facing a long-term increase in the size of the state as well as a substantial tax increase as a result of the coronavirus pandemic, according to the Institute for Fiscal Studies. The influential research group said on Tuesday it is “highly plausible” that government spending is around 45% of gross domestic product by the middle ...