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  Bloomberg Just as a four-year slump in Chinese demand for Swiss watches shows signs of ending, sales in the US, the next-largest market, have wilted. Swiss watchmakers have been caught off-guard as demand keeps sinking this year in the US, which is key for Rolex, LVMH’s TAG Heuer and Richemont’s Baume & Mercier. That’s raising concern that consumers there ...

  Dubai / WAM Khalaf Ahmad Al Habtoor, Founding Chairman, Al Habtoor Group, donated AED 10 million to Sandooq Al Watan, a National Fund for youth development. Sandooq Al Watan, is a community-driven initiative launched to help better prepare the nation’s children for the future. It aims to provide Emiratis with career advice from school to employment. It includes training programmes, ...

  Dubai / Emirates Business Sleek styling, adaptability and performance, 2-in-1 convertible laptops are bridging the gap between work and social experiences and are set to become a top seller at GITEX Shopper Spring Edition. Drawing an impressive line-up of retailers and brands from around the world, the retail extravaganza will again be a magnet for shoppers, technology enthusiasts and ...

  Dubai / Emirates Business Dulsco, a leading environment solutions provider in the UAE, has announced the commencement of construction work for its new 500,000 sq feet recycling facility at Dubai Industrial Park (DIP). The ground-breaking ceremony was held in the presence of Saud Abu Al-Shawareb, Chief Operating Officer, Dubai Industrial Park and other senior members from Dulsco. Scheduled for ...

  Dubai / WAM Fifteen inbound flights were diverted on Saturday from Dubai International Airport (DXB) and a number of outbound flights were delayed due to weather conditions, according to the Dubai’s airport operator. “Dubai Airports can confirm that normal operations at DXB have been disrupted as result of weather conditions persisting since last night. A total of 15 inbound flights ...

  Dubai / WAM Dubai Holding, the global investment holding company, on Saturday announced the launch of its dedicated Youth Council, which has been formed to empower young people across the organisation while seeking to capture their unique talents and voices. Open to Dubai Holding staff aged 21 through 30 years, the Dubai Holding Youth Council has been designed to ...

  Bloomberg European Union leaders gathering in Rome on Saturday sought to reinforce the unity of the remaining member states, flagging a common defense as a priority, just four days before Britain officially sends notice it’s leaving. UK Prime Minister Theresa May’s absence from the celebratory summit, marking 60 years since the Treaty of Rome created the bedrock for the ...

  Washington / AP President Donald Trump greenlighted the long-delayed Keystone XL pipeline, declaring it a “great day for American jobs” and siding with energy advocates over environmental groups in a heated debate over climate change. The presidential permit comes nearly a decade after Calgary-based TransCanada applied to build the $8 billion pipeline, which will snake from Canada through the ...

  Bloomberg China’s Zhonghong Zhuoye Group Co. agreed to acquire a 21 percent stake in SeaWorld Entertainment Inc. from Blackstone Group LP, becoming the embattled US theme-park operator’s largest shareholder. The Asian leisure and tourism holding company will pay Blackstone $23 a share, or about $448.5 million based on shares held at the end of December. That represents a 33 ...

  Bloomberg The euro area’s accelerating economy is translating into faster job creation and stronger inflation pressures. A key gauge of activity rose to a near six-year high in March, and employment increased the most since July 2007, with hiring picking up both in services and manufacturing. The jump in the headline IHS Markit Purchasing Managers Index compared with economists’ ...