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Bloomberg A cluster of powerful storms is set to disrupt Thanksgiving holiday travel for the Western US, with heavy snow cancelling flights in Denver and a higher risk of mudslides in parts of California. Winter storm warning and advisories cover the West from Oregon to Arizona and a flash flood watch stretches from north of Anaheim to the border with …

Bloomberg Barneys New York Inc will deepen its discounts over Black Friday weekend in a rare clearance of luxury brands — undercutting rival retailers that are generally loathe to offer price cuts on expensive merchandise. Clearance sales at Barneys will average 30% to 35% off starting on Wednesday as the holiday shopping rush begins, a representative for B. Riley Financial, …

Bloomberg For the least expensive Thanksgiving meal, head to discount grocery chain Aldi. That’s the conclusion of a report that measures the price tag on a basket of 20 common Thanksgiving items, including a 12-pound turkey, potatoes, green beans and corn, at 15 retailers in New Jersey. The average cost for a Thanksgiving dinner has dropped about 2.3% from last …

Bloomberg Best Buy Co entered the holiday shopping season on a positive note after posting quarterly sales that topped estimates and raising its full-year-outlook, sending the shares higher. Fuelled by demand for appliances, headphones, tablets and services like tech support, comparable-store sales in the US rose 2%, easily beating analysts’ projections. The Minneapolis-based consumer-electronics retailer also boosted its forecast for …

ABU DHABI / WAM The UAE won membership of the Executive Board of the Organisation for the Prohibition of Chemical Weapons (OPCW), for the 2020-2022 period, thus becoming the representative of the Organisation ‘s Asian member states. This is the first time that the UAE has become a member of the OPCW Executive Board since its joining date on December …

Bloomberg Oil rose on signs of progress in trade talks between the US and China, and estimates that American crude inventories retreated for the first time in five weeks. Futures gained 0.6% to trade above $58 a barrel in New York. Washington and Beijing “reached consensus on properly resolving relevant issues” to pursue a “phase one” trade deal during a …

Bloomberg One of the UK’s biggest wind farm developers will combine three offshore wind projects into one massive development, making it more likely the venture will move ahead. Iberdrola SA’s Scottish Power Renewables’s decision means it will consider all the work on a facility with 3.1 gigawatts (GW) of capacity as a single project. The East Anglia wind farms would …

Bloomberg Slumping solar development in China is hobbling growth worldwide. While worldwide installations are still forecast to rise this year, BloombergNEF lowered its global outlook 6% from its previous forecast as an anticipated building boom hasn’t materialised in China, the world’s biggest clean-energy market, according to a report. BNEF now expects 121 gigawatts of solar to be installed globally. “China, …

Bloomberg US equities fluctuated near record highs as investors searched for signs of progress in China’s comments about prospects for a “phase-one” trade deal. Treasuries and most European sovereign bonds rose. The S&P 500 swung between gains and losses, while European and Asian stocks were mixed after China said that Sino-American trade negotiators “reached consensus” on certain issues in a …

Bloomberg Indian stocks slipped from a record on political uncertainty for prime minister Modi’s Bharatiya Janata Party (BJP) and the completion of a re-balancing of the MSCI ACWI index. The S&P BSE Sensex slipped 0.2% to 40,821.30 at the close in Mumbai and the NSE Nifty 50 Index fell 0.3%. Shares fell after a coalition government led by the BJP …