Dubai to launch new Nol-Jaywan cards; pilot begins this month across public transport
Jaywan supports debit and prepaid cards, allowing users to make purchases at participating outlets, shop online and access other payment services
Business
Australia’s Canva to Restructure, Affecting 22% of Workforce
Australian graphic design platform Canva Group said on Wednesday that a restructuring would affect 1,271 jobs, or around 22% of its workforce, after growth slowed for the first time in a decade. The Sydney-based company is the latest technology firm to reduce headcount as the sector adapts to rapid advances in AI and changing business needs. Co-founder and CEO Melanie Perkins said the changes would reshape Canva's organizational structure, team locations and staffing requirements.
Business
UAE non-oil firms sharply raised prices in October amid rising confidence | The National
Activity in Dubai's non-oil private sector hit eight-month high last month
Business
M&S Profit Rebounds from Cyberattack but Clothing Drags on Recovery
British retailer Marks & Spencer said on Wednesday its first-half profit rebounded from last year's cyberattack-hit level, but was down on a two-year basis as strong trading in food failed to fully offset weakness in clothing. The 142-year-old M&S, one of the biggest names on the UK high street, said its adjusted profit before tax more than doubled in the six months to September 26 to £403.2 million ($542.4 million), on sales up 16.2% to £9.26 billion. Analysts had on average forecast profit of £399 million.