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Bloomberg Amazon.com Inc. wants to appeal to more cashless customers, like tech-savvy millennials, while trying to cut its transaction expenses, copying a strategy set by PayPal Holdings Inc. The e-commerce giant is in talks with JPMorgan Chase Financial Co., Capital One Financial Corp. and other banks about creating new online accounts, according to two people familiar with the matter. The ...

Bloomberg The US has offered the UK a more limited “Open Skies” aviation deal after Brexit than it has as a member of the European Union, but participants expressed confidence that the lucrative transatlantic market would continue unimpeded. The main stumbling block in the negotiations is that the US is using its standard template for aviation agreements, which has less ...

Bloomberg General Electric Co. plans to replace a part in hundreds of recently delivered engines after uncovering a durability problem inside the turbines powering the upgraded workhorse jets of Boeing Co. and Airbus SE. The manufacturer has identified a fix for a previously disclosed issue with the new Leap engine, and the redesigned part will be incorporated into the production ...

Bloomberg Starbucks has sought every means to fuel its growth while fending off smaller, lower-cost rivals like Dunkin’ Donuts. And a push to lease stores, rather than own them, may be part of the answer. The two companies have vied for foot traffic to maintain same-store sales growth, which for Starbucks Corp. is at its lowest level since 2009. But ...

Bloomberg Shares in Just Eat Plc fell the most in 20 months despite the food-delivery company beating revenue estimates, after concerns over future spending and acquisition costs. Just Eat’s full-year 2017 revenue grew 45 percent to $755 million, with underlying earnings up 42 percent to 164 million pounds. International revenue grew 75 percent, representing 44 percent of group revenue, and ...

Bloomberg Ten months into the top job and Cathay Pacific Airways Ltd. Chief Executive Officer Rupert Hogg’s to-do list hasn’t gotten any shorter. While its cargo business and passenger traffic, especially premium travelers, are recovering, inflated wage costs and ever-increasing competition from Chinese rivals are issues he has to contend with. Among these, fuel-hedging bets gone awry top the list: ...

DUBAI / WAM Emirates Steel, a subsidiary of the General Holding Corporation (SENAAT) on Monday announced its financial results for the year 2017. More than AED6.6 billion in revenues achieved in the year, an increase of 22 percent compared to AED5.4 billion in the previous year. A solid 12 Earnings Before Interest, Taxes, Depreciation and Amortisation (EBITDA) margin; delivered in ...

DUBAI / Reuters Dubai International Financial Centre (DIFC) said the number of new companies launching operations in the financial free zone rose in 2017. The DIFC aims to more than double the number of financial firms within the free zone to 1,000 at a time when several centres in the Middle East are vying for expansion. DIFC, the largest such ...

ABU DHABI / WAM The Cabinet has adopted the formation of the ‘UAE Council for Artificial Intelligence’ to ensure the implementation of these technologies in various sectors. The move aims to serve the UAE Government’s objectives, and improve the quality of life of citizens and residents in order to achieve the vision of the UAE 2021 and make the UAE ...

Dubai / Emirates Business Middle East and North Africa (MENA) IT spending is projected to reach $155 billion in 2018, a 3.4 percent increase from 2017, according to the latest forecast by Gartner, Inc. Gartner analysts are discussing key IT and business issues that are driving the evolution of digital business during the Gartner ymposium/ITxpo in Dubai. In 2018, the ...