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Bloomberg Walmart Inc is facing a strike by thousands of workers in South America amid the retail giant’s push to increase automation at its physical stores. About 17,000 Walmart workers in Chile went on an indefinite strike after labour talks between the company and the union failed. As many as 124 of the retailer’s 375 stores across the country closed ...

Bloomberg Ryanair Holdings Plc will need to pare back its growth plans for next summer if the grounding of the Boeing Co 737 Max drags on late into this year. Chief Executive Officer Michael O’Leary is set to meet with Boeing in the next two weeks, when the discounter will push for a specific date for the plane’s return to ...

Bloomberg Steinhoff International Holdings NV’s first-half sales gain gives the global retailer some wiggle room as it looks to finalise debt-restructuring talks. Still, there is plenty of uncertainty. Steinhoff said sales rose 3 percent in the six months through March to $7.7 billion. The owner of Poundland in the UK and Conforama in France reported its third set of earnings ...

Bloomberg When Italian rapper Fedez flew to Sicily to marry fashion star Chiara Ferragni, bankrupt Alitalia provided a special plane, complete with tailor-made tickets, a dedicated departure gate and onboard gadgets. The company’s largesse sparked protests in parliament and online — as well as demands from the government for an explanation. Alitalia said the flight, from Milan’s Linate airport to ...

ABU DHABI / WAM Search for Common Ground (Search) in collaboration with Hedayah, the International Centre of Excellence for Countering Violent Extremism (CVE), has released the first ever complete CVE Training Curriculum. Financed by the European Union’s Strengthening Resilience to Violent Extremism (STRIVE) Global programme, the initiative is aimed to raise awareness on collaborative CVE approaches among governments and civil ...

Bloomberg Abu Dhabi’s sovereign wealth fund agreed to buy about a 30% stake in Domestic & General Group Ltd, the UK appliance warranty provider owned by CVC Capital Partners. The deal with the Abu Dhabi Investment Authority (Adia) is expected to close by year-end, Domestic & General said in an emailed statement Wednesday, which confirmed an earlier Bloomberg News report. ...

ABU DHABI / WAM More than 200 of the respected energy experts, pioneers and decision makers from around the globe have now been lined up to lead the discussions at the 24th World Energy Congress in Abu Dhabi. To be held from September 9 to 12 at Abu Dhabi National Exhibition Centre (Adnec), the event will mark the first time ...

FUJAIRAH / WAM Stockpiles of oil products at the Fujairah port in the UAE increased for the first time in six weeks, against a backdrop of strong summer demand from utilities in the region and for jet fuel from Europe, data by the Fujairah Oil Industry Zone showed. Total stockpiles rose 4.2 percent over the past week to 19.36 million ...

Bloomberg Oil jumped to the highest in a week as an industry report showing a continued draw-down in US crude inventories tightened a supply outlook that’s being threatened by rising tension in the Middle East. Futures in New York rose as much as 2.7 percent on Wednesday, as Federal Reserve Chairman Jerome Powell signaled that policy makers may cut interest ...

DUBAI / WAM Dubai Business Events (DBE), the city’s official convention bureau, has recorded exceptional results during the first half of 2019, securing 118 successful bid wins for events to be hosted in Dubai over the coming years. These events won in H1 2019, including conferences, meetings, and incentives, are set to attract 75,288 delegates from around the globe to ...