Saturday , August 8 2020

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Argentina’s creditors seeking foreign backing on debt clauses

Bloomberg Argentina’s creditors have approached several international organisations to seek endorsement for a proposal to change the rules that govern some of the country’s overseas securities, according to people familiar with the matter. The International Monetary Fund (IMF), the US Treasury, the International Capital Market Association (ICMA) and the Institute ...

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Siemens Healthineers set to acquire Varian Medical for $16.4bn

Bloomberg Siemens Healthineers agreed to buy Varian Medical Systems in cash in a transaction that values the medical equipment maker at about $16.4 billion, more than 20% above its current market value. The German company offered $177.5 a share for the Palo Alto, California-based business, which will be financed through ...

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UK weighs London lockdown in worst-case scenario: Reports

Bloomberg Prime Minister Boris Johnson is considering sealing off Greater London and ordering at-risk members of the population to stay at home under a potential scenario designed to avert a second national lockdown, according to news reports on Saturday. Possible measures include locking down the capital if infection rates spike ...

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How the pandemic may change ‘work-life balance’ forever

Bloomberg When it comes to helping employees balance work hours with relaxation, Acuity Insurance Chief Executive Officer Ben Salzmann has a unique tool at his disposal: a 65-foot Ferris wheel. Before the pandemic struck, Salzmann would regularly fire up the amusement-park staple inside the company’s Sheboygan, Wisconsin, headquarters. About twice ...

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UAE, Azerbaijan discuss global fight against Covid-19

ABU DHABI / WAM His Highness Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation, has reviewed with Jeyhun Bayramov, Azerbaijani Foreign Minister, the strategic relations between the two countries in a number of areas including science, health, technology and education. This came over a phone ...

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Digital trade forum held to help boost UAE’s export economy

Abu Dhabi / WAM More than 270 UAE exporters and potential international buying partners came together virtually for the UAE’s major buyers and exporters forum since Covid-19 shut down global trade events. During an online trade promotion event, participants discussed how the UAE national export community can help them overcome ...

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DFSA alerts institutions to rising risk of cyberattacks

Dubai / Emirates Business Since the Dubai Financial Services Authority (DFSA) launched the DFSA Cyber Threat Intelligence Platform (TIP) in January, over 130 DFSA authorised firms and DIFC registered companies have joined the platform. The platform has provided members with information and technical indicators on a multitude of cyber threats, ...

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