Saturday , December 5 2020

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Agthia set to become regional F&B leader after Al Foah deal

ABU DHABI / WAM Agthia Group held its 15th General Assembly Meeting on Monday, during which the company’s shareholders approved the proposed strategic combination with Al Foah Company LLC, the world’s largest date processing and packaging company. Aghhia is a food and beverages company owned by General Holding Corporation (Senaat) ...

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Meituan’s sales surge with China’s appetite for takeout

Bloomberg Meituan reported a 29% rise in quarterly revenue after China’s economic recovery boosted restaurants and whetted consumers’ appetite for takeout. The world’s largest meal delivery service posted sales of 35.4 billion yuan ($5.4 billion) during the July-September period, beating the average estimate of 34 billion yuan. It also logged ...

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World’s largest vaccine maker denies volunteer’s illness claims

Bloomberg The Serum Institute of India Ltd denied allegations that a Covid-19 trial volunteer in India suffered serious side effects from a vaccine developed by AstraZeneca Plc and Oxford University, and said it would take legal action over the claims. Serum, the world’s largest vaccine manufacturer, is conducting trials of ...

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Hong Kong tightens gatherings, sends civil servants home

Bloomberg Hong Kong introduced the city’s toughest public-gathering restrictions in months and decided to send civil servants back to work-from-home arrangements as the government steps up efforts to contain the latest wave of coronavirus infections in the Asian financial hub. Public gatherings will be limited to two people, including at ...

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UK bans installation of Huawei 5G equipment from September

Bloomberg The UK will ban the installation of 5G equipment from China’s Huawei Technologies Co by the end of next September. The restriction is part of an “initial” 250 million-pound ($333 million) package of measures brought in to diversify Britain’s wireless supply chain announced by the Department for Digital, Culture, ...

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Cyber Monday projected to hit pandemic-fuelled $12.7b

Bloomberg Online shoppers in the US are expected to drop a record-busting $12.7 billion on Cyber Monday — the busiest e-commerce day of the year — presenting a valuable opportunity for retailers whose websites, customer service departments and delivery operations can withstand the period of crushing traffic. Amazon.com Inc, Walmart ...

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