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Lulu, Go First sign agreement to transport cargo from Srinagar to Sharjah
Dubai: UAE’s Lulu Group on Monday signed a deal with Indian low-cost carrier Go First, formerly known as GoAir, to transport cargo from Srinagar to Sharjah (UAE). The airline will start the operations in December this year. Go
EXPLAINER: Why are foreign tech firms pulling out of China?
HONG KONG (AP) — Yahoo Inc. is leaving the China market, suspending its services there as of Monday amid what it says is an “increasingly challenging” business and legal environment. Foreign technology firms have been pulling out or downsizing their operations
Israel looks to pass budget in major test for new government
JERUSALEM (AP) — Israeli lawmakers are set to begin marathon voting on Wednesday to try and pass the first national budget in three years, a major test for the fractious coalition government that was sworn in earlier this year after four divisive elections.
Waste Management commits $300K for research, scholarships
NASHVILLE, Tenn. (AP) — Environmental services company Waste Management has announced a three-year commitment of $300,000 for environmental sustainability research at Tennessee
UAE unveils methane reduction plan
Agriculture, waste disposal and fossil fuel production account for 60 per cent of methane emissions globally. ...
Firms bid for Arabian Ranches homes
Local contractors are among the companies that have completed submissions for the projects ...
Client retenders Beaver Gulf contracts
Contractors are due to bid this month on three packages previously awarded to the Dubai firm ...
Banking sector remains most attractive in Africa – BoG
Ghana’s banking sector remains one of the most attractive on the continent for investors, Second Deputy Governor of the Bank of Ghana, Elsie Addo Awadzi has stated. According to her, the presence of pan-African banks like First Bank Nigeria and other
Government to ultimately opt for financial support from IMF – Fitch Ratings
Government would ultimately opt for financial support from the International Monetary Fund if liquidity or cash constrains grows, Fitch Ratings has stated. “The government has so far chosen not to pursue a regular IMF programme. However, we believe the
Premium quality brands shortlisted for global business quality awards 2021
Some global premium quality brands in Ghana have been shortlisted to receive the global business quality honours at the 5th edition of the Global Business Quality Awards and Breakfast Conference scheduled for Thursday, November 25, 2021 at the Movenpick
Diwali Relief: Petrol, diesel prices remain static
New Delhi: As a Diwali relief, fuel consumers were spared as oil marketing companies decided to keep the retail price of petrol and diesel unchanged on Wednesday in line with slight softening of global oil rates that is expecting OPEC to pump more oil this
Spirit Realty: Q3 Earnings Snapshot
Spirit Realty Capital Inc. (SRC) on Tuesday reported a key measure of profitability in its third quarter. The results beat Wall Street expectations. The real estate investment trust, based in ...
LiveRamp: Fiscal Q2 Earnings Snapshot
LiveRamp Holdings, Inc. (RAMP) on Tuesday reported a loss of $6.4 million in its fiscal second quarter. On a per-share basis, the San Francisco-based company said it had a loss ...
Unisys: Q3 Earnings Snapshot
Unisys Corp. (UIS) on Tuesday reported a loss of $18.7 million in its third quarter. On a per-share basis, the Blue Bell, Pennsylvania-based company said it had a loss of ...
Slate Grocery REIT Reports Third Quarter 2021 Results
TORONTO — Slate Grocery REIT (TSX: SGR.U) (TSX: SGR.UN) (the “REIT”), an owner and operator of U.S. grocery-anchored real estate, today announced its financial results and
Next forecasts slow down in sales over Christmas
Next says delays in supply chains, lorry driver shortages and "pent-up demand" diminishing will lead to sales slowing down over the Christmas period. The retailer said sales had risen by 14% in the three months to the end of October, but forecasted
1st LD-Writethru: Chinese shares close lower Wednesday
BEIJING, Nov. 3 (Xinhua) -- Chinese stocks closed lower on Wednesday, with the benchmark Shanghai Composite
ACEN taps Chinese firm as EPC contractor for Zambales solar project
Ayala-led AC Energy Corporation (ACEN) has tapped Power Construction Corporation of China Ltd. and its local subsidiary PowerChina Philippines Corporation as engineering, procurement and construction (EPC) contactor for its 283-megawatt solar farm project in
Malampaya gas supply seen dropping to 1,000 MW
The volume of gas that can be supplied by the Malampaya field will drop to 1,000 megawatts of equivalent power capacity in 2024, which is also the timeframe for the expiration of the project’s Service Contract (SC) 38, if no license extension is extended by
ALI profits rise despite ECQ
ALI profits rise despite ECQ James A. Loyola Ayala Land Inc. (ALI) posted a 35 percent rise in consolidated net income to P8.6 billion in the first nine months of 2021 as business operations continued to improve despite the reimposition of stricter quarantine
BSP seeks to amend single borrower's limit rules
The Bangko Sentral ng Pilipinas (BSP) is proposing changes to the rules governing single borrower’s limit (SBL) in terms of minimum capital and credit exposure. Bangko Sentral ng Pilipinas The BSP wants to amend SBL and the definition of capital “for purposes
Banks to share clients’ info to probe for fraud
The Bangko Sentral ng Pilipinas (BSP) has ordered all BSP supervised financial institutions (BSFIs) to cooperate and to share relevant information in aid of investigating fraudulent activities. (Photo via Pixabay) BSP Deputy Governor Chuchi G. Fonacier in a
RCR share price hits record high
The share price of RL Commercial REIT, Inc. (RCR) hit at an all-time high, closing at P7.22 apiece on November 2 and 3, 2021. The record price is 11.94 percent higher than its initial public offering (IPO) price of P6.45 per share. The company market its
Unemployment drops for eighth month in a row, down by 22% on 2020
Unemployment dropped for an eighth month in a row in October, according to the latest
Net 1 UEPS acquires the Connect Group for R3.7 billion
Johannesburg-based Net 1 UEPS Technologies is acquiring the Connect Group for R3.7 billion as part of a transformation into South Africa’s leading fintech platform, offering payment processing and financial services to underserved merchants and consumers. Net
Making a case for increased public investment in agricultural R&D as the goose that lays ...
IT HAS BEEN shown empirically that the economic benefits of increasing public investment in agricultural research and development (R&D;) is overwhelmingly strong. Thus the argument sometimes presented as to whether it makes sense to increase, or at least
Adani Power gets NCLT nod to acquire Essar’s 1,200 MW Mahan project in Madhya Pradesh
According to industry sources, the deal size of the project is estimated at around ₹2,800-3,000 crore. ...
UK house prices keep rising; markets await Fed tapering decision – business live
Rolling coverage of the latest economic and financial news UK house prices up 0.7% month-on-month in October Average property price up by more than £30k since the pandemic struck Is a UK interest rate rise certain? Good question Coming up: UK services PMI; US
Dalata upbeat as it agrees extended debt facilities
Dalata Hotel Group said today that the positive momentum since hotels re-opened after Covid-19 restrictions were lifted has continued. Dalata said that trading has been stronger than expected in September and October. Its hotels were seeing occupancy rates for
Indian seafood exporters face a Great Wall in China detecting Covid in packaging materials
The rise in the number of Indian seafood export firms banned by China in the wake of detecting Covid nucleic acid on packaging materials has started to worry shippers. From a meagre single digit level during June and July, the figure has crossed 50, forcing
Global shares linger at peaks ahead of Fed move
Global shares hovered at record highs while currency markets and US Treasuries were steady on Wednesday, as investors looked to the expected winding down of pandemic-era monetary stimulus in the world's largest economy. The Federal Reserve is expected to
Sensex rises over 250 points in early trade; Nifty tops 17,900
Equity benchmark Sensex jumped over 250 points in early trade on Wednesday led by gains in index majors Reliance Industries, L&T and Infosys amid a positive trend in US markets ahead of the US Fed’s policy outcome.
Sonalika Records 17,130 Overall Tractors Sales in Oct’21 to Register 5.5 Percent Growth, Surpassing Industry ...
Festive season celebrations in India are at their peak and Sonalika Tractors is going full throttle ahead to address farmer’s haulage and farm related requirements. One of India’s fastest growing tractor brand and the No. 1 exports brand from the country,
Merck Foundation Calls for Application for Scholarships for Doctors in Critical and Underserved Specialties in ...
Monrovia, Liberia & Mumbai, Maharashtra, India: Merck Foundation, the philanthropic arm of Merck KGaA Germany announced the call for applications for medical training scholarships for healthcare providers in critical and underserved specialities for
The Wrap: Taco Trio opens, and charcuterie rides into town on a VW bus
The Purple House nixes bagels, a hot sauce festival is born, and Thanksgiving is nigh so get planning. ...
Disposable income rises in Tibet
Rural and urban residents of southwest China's Tibet Autonomous Region witnessed rapid growth in disposable income in the first nine months of the year,
Disposable income rises in China's Tibet
LHASA, Nov. 3 (Xinhua) -- Rural and urban residents of southwest China's Tibet Autonomous Region witnessed rapid growth in disposable income in the first nine months
Dalata secures 12-month extension to €564m debt
The State’s largest hotel chain Dalata has secured a 12-month extension to its €564 million debt. The company, which owns the Maldron and Clayton hotels, said it had availed of an option with
Smurfit Kappa records double-digit growth in earnings as packaging ‘effectively sold out’
Paper packaging giant Smurfit Kappa has recorded double-digit growth in its earnings and revenue for the first nine months of this year on the back of increasing demand. The company said its integrated paper and corrugated system is “effectively sold out”.
Google will release one last update for these Pixel smartphones next year
NEW DELHI: recently rolled out the Android 12 update for its 2018 flagship smartphones -- and last month. With this update, the smartphones reached its guaranteed update period. Now, Google has confirmed that both the Pixel smartphones will receive their last
House of Bruar: Perthshire fashion retailer ‘desperately’ seeking new staff
The boss at Perthshire country fashion retailer The House of Bruar admits Brexit has caused huge issues as it reports a 10% turnover drop. ...
Reduce foreign participation in domestic debt market – report
Research published by the Economic Governance Platform has urged government to limit the participation of non-residents in the domestic borrowing market, as this is partly responsible for the high debt level. Data on the central government’s fiscal position
Budget must be pro-business, with pathway to prop up startups – Dr. Ankrah
A pro-business budget with affirmative policies to reduce fiscal constraints for startups and give incentives for businesses to take on more people like never before is badly needed, Dr. Sam Ankrah, President of Africa Investment Group, has said. He said a
Chinese yuan weakens to 6.4079 against USD Wednesday
The central parity rate of the Chinese currency renminbi, or the yuan, weakened 70 pips to 6.4079 against the U.S. dollar Wednesday,
China's benchmark interbank gold prices higher Wednesday
China's benchmark prices for spot interbank gold transactions were higher Wednesday, according to the China Foreign Exchange Trade System BEIJING, Nov. 3
ChiNext Index lower at midday Wednesday
The ChiNext Index, tracking China's NASDAQ-style board of growth enterprises, went down 0.71
China's overnight Shibor interbank rate decreases Wednesday
The overnight Shanghai Interbank Offered Rate (Shibor), which measures the borrowing cost of China's interbank market, decreased 12.6 basis points to 2
China's interbank treasury bond index opens higher Wednesday
China's interbank treasury bond index in net price opened at 990.49 points Wednesday, higher than the previous
China to strengthen personal data protection in fintech sector
BEIJING: China will strengthen personal protections in the financial technology sector to curb unauthorised data collection and abuses, the country's central bank chief said on Wednesday. Read full story ...
UAE business activity quickens as Dubai Expo spurs tourism
Business activity in the United Arab Emirates rose to the highest level in more than two years last month, helped in part by an influx of tourists drawn to Expo 2020 Dubai. A Purchasing Managers’ Index compiled by IHS Markit rose to 55.7 in October from 53.3
Gunmen kidnap lecturers from Nigerian university
Gunmen have kidnapped six people including four lecturers from the University of Abuja in Nigeria's capital. The attackers invaded
We demand voting rights in internal elections – Former NPP MPs
Former Members of Parliament of the New Patriotic Party (NPP) are demanding voting rights in all internal elections of the party as a recognition of their invaluable contributions to its progress, development and growth. They petitioned the General Secretary
Landsec acquires £425.6m majority stake in MediaCity
X Register for free to receive latest news stories direct to your inbox Register Landsec has acquired a majority stake in MediaCity and will pay £425.6m for the 75% interest for the 37-acre media, digital and tech hub. The site was previously owned by a 50:50
Online sales power Next performance – but supply chain issues on horizon
X Register for free to receive latest news stories direct to your inbox Register Leicestershire retail giant Next has published another set of impressive results, with turnover rising by 17% for the 13 weeks to October 30. Next has measured itself
City briefs: International Personal Finance and Synectics
X Register for free to receive latest news stories direct to your inbox Register Consumer credit company International Personal Finance (IPF) says its rebuild strategy is proving highly effective and has delivered sustained growth momentum, In a quarter three
City round-up: Pets at Home; Esken; Nanoco
X Register for free to receive latest news stories direct to your inbox Register Handforth-based Pets at Home has announced that chief executive Peter Pritchard will step down after 11 years in the business next summer. He has agreed with the board to leave
Geoscience company acquired by listed transport software firm
X Register for free to receive latest news stories direct to your inbox Register Tracsis, which provides software, hardware, data analytics and services for the rail, traffic data and wider transport industries, has acquired the entire issued share capital of
Fund manager exits Castle Donington logistics software firm
X Register for free to receive latest news stories direct to your inbox Register Equity investment firm Foresight Group has exited Castle Doningtomn-based Selazar, a logistics management software platform, after the firm was sold to an unnamed global
EG Group ‘close’ to buying American retailer for £300m extending reach to 33 US states
X Register for free to receive latest news stories direct to your inbox Register EG Group, the Blackburn-based petrol station giant, is understood to be nearing a takeover of a US food and convenience business. Reports suggest the Issa brothers are close to
'Hello Philippines, we are IKEA'
Manila: IKEA’s first-ever store in the Philippines, said to be the world's biggest of its kind, is yet to open. But its online shop is already taking and delivering customers' orders 24/7. The physical IKEA store in Pasay City, a district of Manila, is still
flydubai unveils new Boeing 737 MAX business class seat
Dubai: flydubai has launched a new business class seat aboard its Boeing 737 MAX aircraft. The budget carrier posted images of the new seating option on Instagram and Linkedin. “Here’s a sneak peek of something new on our Boeing 737. If you spot it the next
BUSINESS LIVE: Four energy suppliers go bust; Starling eyes non-UK IPO
Four more energy suppliers have gone bust meaning 19 have folded since August under the strain of soaring wholesale gas and electricity prices.
All contract manufacturers for Nike in Vietnam back to production
HCMC – Nearly 200 factories across Vietnam that make sportswear for Nike Inc have restarted operations after a months-long suspension triggered by the latest Covid-19 outbreak, said Nike’s Chief Sustainability
Asian shares mostly lower despite Dow’s push over 36,000
Shares were mostly lower in Asia on Wednesday, weighed down by concerns over disrupted supply chains and shipping, despite the Dow Jones Industrial Average’s first close above 36,000 points. Benchmarks fell in most major markets apart from Sydney and Taipei.
Meta makes changes to marketing strategy amid scandals
NEW YORK (NYTIMES) - Since the spring, the social media company formerly known as Facebook has been evaluating where it advertises and how much it spends doing so, taking pitches from agencies that want to help manage its enormous marketing budget. The
MAS proposes changes to classification of investment products to enhance safeguards for retail investors
SINGAPORE (THE BUSINESS TIMES) - The Monetary Authority of Singapore (MAS) is seeking feedback on classifying certain investment products such as perpetual securities as complex, which would raise the level of safeguards when these are distributed to retail
Lufthansa posts surprise return to profit as bookings surge
FRANKFURT (BLOOMBERG) - Deutsche Lufthansa posted a surprise profit in the third quarter as cargo demand boomed and said passenger bookings are also surging, buoyed by the imminent reopening of flights to the United States. The German group reported adjusted
Printer R.R. Donnelley & Sons Nears Deal to Go Private
Commercial-printing company R.R. Donnelley & Sons Co. is nearing a
Government to launch e-pharmacy project - Bawumia
The Vice President has hinted of plans by the government to launch an E-Pharmacy project to address challenges faced by members of the public in accessing medicines. He explained that several patients spend long hours searching for pharmacies where they can
Lufthansa posts surprise Q3 profit as cargo demand booms
Lufthansa posted a surprise profit in the third quarter as cargo demand boomed and said a reopening of the US border to Europeans will keep earnings positive through year-end. The German group reported adjusted earnings before interest and tax of €17 million
Smurfit Kappa invests €600m to chase demand as cardboard ‘sold out’
Cardboard box maker Smurfit Kappa said that it has approved €600 million of investments in projects over the first nine months of the year, as it seeks to keep up with growing demand for sustainable packaging. Tony Smurfit, chief executive of the Dublin-based
Smurfit Kappa records double-digit growth in earnings and revenue
Paper packaging giant Smurfit Kappa has recorded double-digit growth in its earnings and revenue for the first nine months of this year on the back of increasing demand. Revenue at the Dublin-listed group grew by 15pc year-on-year to €7.3bn in the nine months
Maruti Suzuki reports 32 percent sales dip, Five reasons why it's not the favourite carmaker ...
Data reveals Maruti Suzuki, that once enjoyed a market share more than 50 percent, has failed to touch the pre-pandemic sales mark ever since COVID-19 has hit the market. ...
PM-KISAN: Can both husband and wife claim Rs 6,000/year benefit? Know which farming families are ...
Under the Scheme, an amount of Rs 6000 per year is released in three 4-monthly instalments of Rs 2000 each directly into the bank accounts of the beneficiaries. ...
Nationwide: Average UK house price passes quarter of a million pounds for first time ever
The average house price in the UK has topped a quarter of a million for the first time in history, according to a closely watched industry survey. ...
Pets at Home boss Peter Pritchard to step down
Peter Pritchard has announced plans to step down as the chief executive of FTSE 250 retailer Pets at Home next Summer. ...
FTSE 100 Live: US Federal Reserve set to taper support as Bank of England meeting ...
All eyes will be on the US Federal Reserve later today when policymakers set out how they plan to taper their $120 billion a month programme of economic support. ...
Next on track for �800m profits as sales boom
NEXT reinforced its status as the King of the High Street today, with booming sales that leave it on track for year end profits of �800 million. ...
Watchdog sues timeshare scheme
Australia’s corporate watchdog has taken legal action for the first time against a timeshare provider for allegedly providing improper financial product advice to clients. ...
‘A lot has changed’: BCA chief defends climate target backflip
The Business Council of Australia’s CEO Jennifer Westacott has defended the BCA’s late adoption of an
Bond market questions RBA credibility
The Reserve Bank has come under fire from the bond market after it failed to defend its yield curve target on short-term bonds before formally abandoning the policy at this week’s November board meeting. ...
Commonwealth Bank adds cryptocurrency to banking app
The Commonwealth Bank today become the first Australian bank to offer its customers a method of
Logistics company Delhivery files for IPO worth $1 billion
BENGALURU: Logistics and supply chain services company Delhivery has filed for a Rs 7,460-crore (about $1-billion) IPO, riding on the frenzy of capital markets for new age internet companies. The company will raise Rs 5,000 crore through
ArcBest reports 3Q earnings
ArcBest Corp. on Tuesday reported third quarter 2021 earnings of $63.7 million, more than twice the amount earned in the third quarter last year. The Fort Smith-based supply chain logistics firm posted its highest revenue and operating income in the three
JUSAG gives government a week to address salary concerns
The Judicial Services Staff Association of Ghana (JUSAG), has given the government a week to address its concerns over conditions of service. This comes after a meeting between JUSAG and the Chief Justice. The association planned to strike over the
Brick maker reveals plan for £50m investment in new factory in Yorkshire
X Register for free to receive latest news stories direct to your inbox Register Ibstock, a UK manufacturer of clay bricks and concrete products, is to make a £50m investment to create the UK’s first automated brick slips factory in Nostell, West
Smurfit Kappa's nine month revenues up 15%
Paper and packaging giant Smurfit Kappa has reported a strong first nine months for the group with corrugated growth of 9% in Europe and 11% in the Americas compared to the same time last year. In a trading update for the nine months to the end of September,
Next's online strength drives 17% sales rise in Q3
British clothing retailer Next has beaten guidance with a 17% rise in third quarter full-price sales compared to 2019, before the Covid pandemic
Dubai financial regulator fines former Abraaj managing partner $1.9 million
Dubai: The Dubai Financial Services Authority (DFSA) Wednesday imposed a penalty of $1.92 million (Dh7 million) on Mustafa Abdel-Wadood, former managing partner of Abraaj. The DFSA notice prohibits and restricts Abdel-Wadood from performing any function in
Dubai's DEWA holds assets of nearly Dh200 billion, says CEO Al Tayer
Dubai: The Dubai-owned utility entity DEWA currently has assets of nearly Dh200 billion and projects with a combined value of around Dh86 billion, according to a top official. The updates on DEWA’s financial and operational status comes after the company was
Backup QBs shine across NFL in Week 8
From Mike White's memorable starting debut to Cooper Rush's prime-time comeback, as well as a rare win for Geno Smith and a comeback by Trevor Siemian to beat Tom Brady, ...
Xenia Hotels & Resorts: Q3 Earnings Snapshot
Xenia Hotels & Resorts Inc. (XHR) on Tuesday reported a key measure of profitability in its third quarter. The results beat Wall Street expectations. The real estate investment trust, based ...
Column: Brett Favre would be wise to pay up and shut up
By now we’ve gotten used to the idea that athletes may not be as accountable off the field as they are forced to be on it. The latest case in ...
Banking industry agree digital industry currency will impact sector – PwC survey reveals
As the Bank of Ghana is taking steps to introduce e-Cedi or digital cash, 70 percent of bank executives are convinced that the use of this form of currency will be prominent within three to five years, the PwC Ghana Banking Survey 2021 has revealed. The survey
AES to supply 24/7 renewable power to Microsoft's Virginia data centres
US power generation group AES Corp (NYSE:AES) said Tuesday it has signed a 15-year agreement to provide around-the-clock renewable energy to Microsoft Corp’s (NASDAQ:MSFT) data centres in
