Tesco agrees China deal, logs slumping interim profits
Arab Today
Britain's biggest retailer Tesco said Wednesday it has agreed to form a joint venture with China Resources Enterprise, but added that interim net profits dived amid "challenging" trade in Europe. "Tesco and CRE today announce that they have entered into definitive agreements to combine their Chinese retail operations to form the leading multi-format retailer in China," said a statement. The British supermarket chain also revealed that profits after taxation dived 33.6 percent to £820 million ($1.3 billion, 981 million euros) in the first half of its financial year, or 26 weeks to August 24, compared with a year earlier.
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Moscow - TASS
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London - DPA
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Spain - DPA
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Dubai - Arab Today
Dubai-based label ASMARAÏA just launched its pre-fall 2019 collection — and it’s all about cruelty-free, sustainable fashion with a festive edge. Checkmate The 15-piece collection features this checkered skirt-and-jacket ensemble that is giving us major “Clueless” vibes. Gold Rush ‘Tis the season to sparkle and this dazzling, floor-length gold skirt will do the trick. Take note of the chic black bow detail at the waist — it’s the ultimate party look. Feathered fashion The brand works with environmentally-friendly materials such as organic cotton, recycled polyester and faux fur, so you can be sure this feathered look doesn’t come at the cost of an animal’s life. Jewel Tones If you want to glisten like a polished jewel at your next festive function, this emerald-colored skirt is the perfect choice with its sequin details and shimmery overlay. Golden Girl Leopard print
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