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    Rolls-Royce to raise $6.5 billion to overcome major cash crunch

    Rolls-Royce to raise $6.5 billion to overcome major cash crunch

    01 Oct 2020

    Rolls-Royce plans to raise a total of 5 billion pounds ($6.5 billion), including 2 billion pounds from shareholders, to rebuild its balance sheet as the coronavirus travel crisis wreaks havoc...

    Lufthansa cancels all flights between Germany and India from Sept.30 until Oct.20

    Lufthansa cancels all flights between Germany and India from Sept.30 until Oct.20

    29 Sep 2020

    Airline major Lufthansa on Tuesday said it will cancel all planned flights between Germany and India from Sept.30 to Oct.20.   According to the airline, the move comes after Indian...

    Khalifa Fund launches new digital tool

    Khalifa Fund launches new digital tool

    29 Sep 2020

    Khalifa Fund for Enterprise Development has officially launched the ‘SME Rating’, a digital classification system that provides a comprehensive overview of the logistics, operations and overall performance of SMEs. ...

    Walmart in talks for $25 billion investment in Tata’s ‘super app’

    Walmart in talks for $25 billion investment in Tata’s ‘super app’

    29 Sep 2020

    Walmart is in talks with Tata Group for an investment of up to $25 billion in the Indian conglomerate’s planned ‘super app’, people familiar with the matter said. The...

    Senegal president sees growth at 13.7% by 2023 thanks to oil, gas

    Senegal president sees growth at 13.7% by 2023 thanks to oil, gas

    29 Sep 2020

    Senegal's President Macky Sall said on Tuesday he expects the West African nation to soon achieve double-digit economic growth for the first time from 2023, with an expansion of 13.7%...

    UK mortgages hit 13-year high but consumers curb other borrowing

    UK mortgages hit 13-year high but consumers curb other borrowing

    29 Sep 2020

    British mortgage approvals hit their highest in almost 13 years in August, underscoring the scale of the post-lockdown bounce-back in the housing market, but consumers turned more cautious about day-to-day...

    France unveils big budget as virus cases worsen

    France unveils big budget as virus cases worsen

    28 Sep 2020

    France launched a free-spending budget plan on Monday, saying a fresh spike in new Covid-19 cases justified its unprecedented loosening of the purse strings. After 460 billion euros ($537...

    China’s industrial firms register growth for fourth straight month

    China’s industrial firms register growth for fourth straight month

    27 Sep 2020

    Profits at China’s industrial firms grew for the fourth straight month in August, buoyed in part by a rebound in commodities prices and equipment manufacturing, the statistics bureau said on...

    SCCI reaffirms its commitment to bolster institutional performance

    SCCI reaffirms its commitment to bolster institutional performance

    26 Sep 2020

    Business Bureau, Gulf Today The Board of Directors of the Sharjah Chamber of Commerce & Industry (SCCI) lauded the directives of Sheikh Sultan Bin Mohammed Bin Sultan Al Qasimi,...

    Asian shares mixed, cheered by US rally, stimulus hopes

    Asian shares mixed, cheered by US rally, stimulus hopes

    25 Sep 2020

    Asian shares other than those in China advanced Friday, cheered by a modest rally on Wall Street and rising hopes for fresh stimulus for the U.S. economy. Despite signs...

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