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By Gayathree Ganesan and Sruthi Ramakrishnan The steep drop in Lululemon Athletica’s (LULU.O) stock price, following a sales warning that resulted from poor color choices in the company’s spring collection, turns the spotlight on slowing growth in the athleisure category pioneered by the Canadian yogawear retailer. Shares of rivals Nike Inc (NKE.N) and Under Armour (UAA.N) also were down on Thursday, raising questions of whether athletic leisure […]

Microsoft has officially confirmed that the next major Windows update, known as Windows 10 Creators Update, will start rolling out on April 11 to customers worldwide. Like with last year’s Windows 10 Anniversary Update, which rolled out in August, the Creators Update will see a throttled release that will likely stretch over a few months. The update will arrive after several months of beta tests, leaks, and bits of […]

Growth in trade between African nations looks promising, driven by demographics and growing Middle Class Narrative surrounding the continent still too negative, while work needs to be done to improve infrastructure Abu Dhabi, UAE, March 30, 2017:  Industrialisation across Africa is being held back due to misperceptions about the risk of investing in the continent, according to a panellist at the Focus on Africa session held […]

Politics & Economics British Prime Minister Theresa May has outlined her desire for a trade deal with Qatar once the UK leaves the European Union She told an investment conference in Birmingham that Britain wants to work more closely with the Gulf state on defence, education and financial services. (Source: Al Jazeera English YouTube channel) Source link

Your daily guide to community and cultural activities across the Emirates for March 31, 2017, including performances, festivals, art exhibitions, film screenings, health and fitness events, talks, classes, workshops and family fun. Ellen Fortini rounds up 10 things to do today in the UAE. newslide Dubai Family fun Visit RiseDCH and enjoy a variety of activities, including Wakefit fitness today and Metallize CrossFit tomorrow, screenings of Harry […]

Ousted South Korean president Park Geun-hye was arrested on Friday after a Seoul court issued a warrant in connection with the corruption and abuse-of-power scandal that ended her presidency, according to local media reports. Facing at least 13 charges, Ms Park is accused of letting a now-jailed confidante, Choi Soon-sil, meddle in state affairs and gain unauthorised access to classified documents, while colluding to extort massive donations […]

Intuit’s Quickbooks Online platform has a new integration with Google’s G Suite that will allow small business users to create and send invoices directly through Gmail. Along with the new Gmail Add-on for Invoicing, Intuit is also rolling out an integration that brings QuickBooks functionality to Hangouts Chat, Google’s new dedicated messaging app for teams. Both of these integrations build on the bevy of integrations and partnerships […]

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When Viacom Inc’s (VIAB.O) Spike TV rebrands as the Paramount Network in early 2018, the struggling media company hopes to position itself as a challenger to top-rated U.S. cable networks like Comcast Corp’s (CMCSA.O) USA and Time Warner Inc’s (TWX.N) TNT with shows that have the caliber of HBO. Viacom is heading into the upfront, when U.S. TV channels sell the bulk of their advertising inventory for […]

JPMorgan is in talks to buy a new building in Dublin, but has told London staff it will not “rush into any decisions” on how it will adjust its operations after Brexit.  Bloomberg reported that the US bank was in talks to buy a 130,000 sq ft office in the centre of the Irish capital which could accommodate about 1,000 people. The bank declined to comment. The news […]

Speed was once a ticket to riches in financial markets. Now it’s the bare minimum. Electronic trading groups that made fortunes by being first to pounce on favourable prices are finding it tougher to stay ahead in markets where transactions unfold in billionths of a second. Their costs have risen at the same time that volatility and volumes — essential elements for profitable trading — have ebbed.  As a […]

CAPE TOWN, South Africa, March 30, 2017 The award-winning African Utility Week (www.African-Utility-Week.com ), taking place from 16-18 May in Cape Town, will showcase how the continent is coming up with innovative, home-grown solutions to its energy and water challenges and how these are creating exciting and lucrative opportunities for utilities and industry suppliers alike. Experts from respected partners in the industry such as the World Bank, […]

In pictures: Restoration of ancient Egypt Khufu boat Source link

LONDON Britain will tell Google, Facebook, Twitter, and Microsoft on Thursday to do more to stop extremists posting content on their platforms and using encrypted messaging services to plan attacks. Home Secretary Amber Rudd said on Sunday tech companies should stop offering a “secret place for terrorists to communicate”, after British parliament attacker Khalid Masood was widely reported to have sent encrypted messages moments before he killed […]

MUNICH, Germany Linde’s (LING.DE) works council chief will vote against the German industrial gases group’s planned $65 billion merger with U.S. rival Praxair (PX.N) when it comes up for approval by the supervisory board, he told Reuters on Thursday. Gernot Hahl said he believed Linde would bear the brunt of the $1 billion planned synergies, losing jobs as well as the right to co-determine company strategy that […]

In pictures: King Abdulaziz Camel Festival in Riyadh Source link

By Anthony Esposito | MEXICO CITY MEXICO CITY Mexico’s states are turning to Asia and beyond as some U.S. companies put investment plans on hold south of the border following President Donald Trump’s calls to bring jobs back home. A delegation of three Mexican state leaders, headed by the National Confederation of Governors (Conago), traveled to China this week to meet with business leaders and discuss investment […]

Saudi Aramco has formally appointed JPMorgan Chase & Co, Morgan Stanley and HSBC as international financial advisers for its initial public offering, expected to be the world’s largest equity sale, sources familiar with the matter told Reuters. The trio join Moelis & Co and Evercore, which have been appointed independent financial advisers, one source said. The company has also appointed Saudi Arabia’s NCB Capital and Samba Capital […]

For a US$2,000-a-night (Dh7,345) trip to the land of happiness, I’m a little surprised by the “assumption of risk and limitation of liability” statement my tour operator, Amanresorts, insists I sign before proceeding with my Bhutan itinerary. “I understand that I am undertaking travel to a remote geographical area in an undeveloped country where, among other things, a sense of urgency, attention to detail, standards of quality, […]

The State Department on Wednesday notified Congress of its intent to proceed with the sale without the conditions, according to Micah Johnson, a spokeswoman for the Senate Foreign Relations Committee. Congress now has two review periods to examine the sale and raise any objections. Continue reading the main story Mr. Tillerson will attend his first meeting of NATO on Friday in Brussels, where he may run into […]

In one of the letters to the Senate Armed Services Committee, POGO Executive Director Danielle Brian questioned whether Wilson could objectively oversee the massive amount of work Lockheed Martin does for the Air Force, considering her past work for the company’s subsidiary at Sandia. Lockheed holds more contracts than any other Air Force contractor. Brian also urged leaders of the committee to seek assurances from Wilson that […]

Filthy rich and already boast enough glass slippers to win a dozen princes? Italian shoemaker Antonio Vietri has the thing for you: 24-carat gold shoes. Vietri, from Turin in northern Italy, hopes to attract shoppers from wealthy Gulf countries with his blue or black suede moccasins with stitched gold-plated uppers. “These are the first shoes in the world in 24-carat gold,” he told AFP. “The particularity of […]

TOKYO Toyota Motor Corp (7203.T) on Thursday said it was recalling a total of about 2.9 million vehicles in Japan, China, Europe and other regions including its Corolla Axio sedan and RAV4 SUV crossover due to potentially faulty airbags. The Japanese automaker said that the latest recalls were part of a wider recall of airbags which use inflators made by Takata Corp (7312.T) ordered by global transport […]

In 2016, more than 4 billion records were leaked worldwide, exceeding the combined total from the two previous years, according to a report from IBM Security. In its IBM X-Force Threat Intelligence Index 2017, Big Blue explained the leaked documents comprised the usual credit cards, passwords, and personal health information, but also noted a shift in cybercriminal strategies, finding a number of significant breaches were related to […]

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