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Bloomberg Beyond Meat Inc has another high-profile fast-food partner — KFC — to help the faux meat maker tackle a plant-based substitute for a different major protein source: chicken. KFC, owned by Yum! Brands Inc, will test plant-based nuggets and boneless wings at one of its Atlanta restaurants on Tuesday. The location will offer complimentary samples to customers who purchase ...

Bloomberg Allegiant Airlines, a discounter known for squeezing budget-conscious passengers into seats, is trying to entice customers to pay for a new amenity: extra legroom. The unit of Allegiant Travel Co removed a row of seats on three of its Airbus SE A320 jets to offer 30 spots with six inches of extra space. The challenge is to persuade travellers ...

Bloomberg Home furnishing giant Ikea has seen sales growth soften for three consecutive years in China as the country grapples with a slowing economy and waning consumer confidence caused by a grinding trade conflict with the US. Still, the Swedish retailer is pressing ahead with $1.4 billion of investment in the next 12 months and opening four more stores in ...

Bloomberg The union behind the “Fight For $15” campaign that successfully raised the floor for low-wage work in much of the US has a new target: Highway rest stops, where government ownership and oversight could help establish labour’s long-sought foothold in fast food. Fast-food workers at several Connecticut highway rest stops will announce wage theft claims against several companies including ...

ABU DHABI / WAM The United Arab Emirates has condemned the Houthi militias’ attempts to target the city of Jazan in the Kingdom Saudi Arabia with six ballistic missiles. In a statement issued on Monday, the UAE Ministry of Foreign Affairs and International Cooperation reiterated its full solidarity with the kingdom over these terrorist attacks targeting civilians, affirming its support ...

DUBAI / WAM DP World has announced a partnership with Zhejiang China Commodity City Group (CCC Group) to develop a ‘Traders Market’ at Jebel Ali Freezone (Jafza). DP World will hold a majority share in the 70/30 joint venture. The Traders Market project will span approximately 800,000 square metres, with Phase 1 development covering about 220,000 square metres. Phase 1 ...

Bloomberg India’s central bank approved a record 1.76 trillion-rupee ($24.4 billion) payout to the federal government, boosting New Delhi’s coffers at a time when it is under pressure to provide a fiscal stimulus to the slowing economy. The Reserve Bank of India’s (RBI) board approved a transfer, which includes 1.23 trillion rupees as dividend and 526.4 billion rupees from its ...

Bloomberg The firm that’s transforming an archipelago, desert and mountains — an area about the size of Belgium — on Saudi Arabia’s Red Sea coast into a global tourism destination is talking to banks to raise $3.5 billion, according to people with knowledge of the matter. The Red Sea Development Co. started discussions with local lenders for a 13 billion-riyal ...

Bloomberg Oil jumped after US President Donald Trump said that China wanted to restart trade talks, potentially easing tensions between the two countries. Futures in New York rose as much as 1.5 percent, snapping the longest run of declines in more than five weeks. Trump’s comments reversed a drop of as much as 2.2 percent that had looked set to ...

Dubai / Emirates Business To improve the ultimate health outcomes for patients and enhance their overall experience at all its facilities, Aster DM Healthcare is setting up Aster Innovation and Research Centre in GCC and India. Aster DM Healthcare is one of the first private healthcare organisations in the UAE to set up a dedicated innovation and research centre. This ...