British luxury brand Burberry said underlying sales fell 9% in the three months ended December as the COVID-19 pandemic closed shops and meant fewer tourists visiting its European stores.
Comparable store sales in Europe, the Middle East, India and Africa declined 37% in the quarter, the third of its financial year, but the company said it remained confident in the future, buoyed by sales growth of 11% in Asia Pacific stores.
'Economic Content Creators’ programme caps first week
The Dubai Press Club has marked the successful completion of the first week of the "Economic Content Creators" programme, organised with the support of the UAE Ministry of Economy.
DEWA SAT-1 sends 2,690 MB of data related to its work to ground station
Dubai Electricity and Water Authority (DEWA) announced on Sunday that its nanosatellite, DEWA-SAT 1, has transmitted 2,690 megabytes (MB) of data related to DEWA’s work to the ground station since launch in January 2022.
Novo's next-gen obesity drug candidate trial disappoints
Novo Nordisk on Friday revealed disappointing results in a late-stage trial for its experimental next-generation obesity drug CagriSema, wiping as much as $125 billion off its market value.
Amazon workers to strike at US warehouses during busy holiday season
Thousands of Amazon.com workers in the US will walk off the job on Thursday, in the crucial final days of the holiday season, after union officials said the retailer failed to come to the bargaining table to negotiate contracts.
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