Saturday , January 23 2021

International News

Europe’s firms face $724bn capital gap to fund rebound

Bloomberg The European Union (EU) needs to find new ways to recapitalise businesses so that the hole on corporate balance sheets doesn’t derail the recovery, according to a financial-industry group. Companies face an equity shortfall of as much as $724 billion, as existing government programs and private funding won’t suffice ...

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Nordic businesses warn of ‘crazy’ outcome if EU relief misspent

Bloomberg The European Union (EU) risks squandering the potential of its recovery fund unless spending is properly policed, according to the biggest business lobby groups in eight Nordic and Baltic countries. The 27-member bloc agreed on a 750 billion-euro ($907 billion) pandemic relief package in December to help end the ...

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Dubai issues 9,949 DED Trader licences till 2020-end

DUBAI / WAM The DED Trader licence, launched by the Business Registration & Licensing (BRL) sector of Dubai Economy (DED) to licence freelancers at their place of residence in Dubai and enable start-ups to conduct business activities online and across social networking accounts, has seen overwhelming response with 9,949 licences ...

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India’s ‘richest men’ caught in crossfire over farming laws

Bloomberg Two of India’s richest men have landed in an unlikely controversy over farming laws, becoming targets of protesters who allege the tycoons have benefited from their close links to PM Narendra Modi. For weeks, tens of thousands of farmers have camped outside the nation’s capital, demanding the withdrawal of ...

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Covid-19: China to donate vaccine doses to Philippines

Bloomberg China will donate 500,000 coronavirus vaccine doses to the Philippines and vowed to accelerate infrastructure investment in the Southeast Asian nation as ties between the two improve. The pledge was made by Chinese Foreign Minister Wang Yi during meetings with Filipino counterpart Teodoro Locsin and President Rodrigo Duterte in ...

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