Luxury goods giant LVMH cancels $14.5b deal for Tiffany

New York: Luxury goods giant LVMH is ending its takeover deal of jewelry retailer Tiffany & Co., saying the French government had requested a delay to assess the threat of proposed U.S. tariffs and amid wider industry troubles caused by the pandemic. The Paris-based conglomerate said that both the French government and Tiffany had requested […]

UAE’s ports remain firm on expansion plans and investments amidst pandemic

Abu Dhabi: Despite the ongoing global pandemic and the business disruptions it has brought to global supply chains, UAE’s leading ports such as DP World and Abu Dhabi Ports say their plans for investments and increasing capacity remains well on track. “For us as DP world our development plans are not only focused on adding […]