Tata Steel posts record Indian output after Bhushan purchase

Mumbai. Tata Steel Ltd’s Indian steel output rose to a record in its latest financial year thanks to its 2018 acquisition of Bhushan Steel Ltd assets, potentially making Tata the country’s biggest producer. Production rose 35 per cent to 16.79 million tonnes in the year ended March 31, as Bhushan Steel added 4.2 million tonnes […]

SME Expo to kick-off in Abu Dhabi this April

ABU DHABI. The Small and Medium Enterprises Exhibition, SME Expo, will kick-off in Abu Dhabi this month. The exhibition, held under the patronage of Sultan Bin Saeed Al Mansouri, Minister of Economy and Chairman of the UAE SME Council, will take place on April 29 and 30 at the Abu Dhabi National Exhibition Centre, ADNEC. […]

Customs declarations make 78% of all transactions: Dubai Customs

Dubai: The number of customs declarations carried out by Dubai Customs had reached 78 per cent of the overall transactions carried out by the customs authority. According to a press statement, out of the total of 9.6 million transactions undertaken by Dubai Customs in 2018, 7.5 million were customs declarations. Around 98 per cent of […]

US-China trade talks: ‘Significant work’ remains

WASHINGTON: US and Chinese negotiators wrapped up their latest round of trade talks on Friday and were scheduled to resume discussions next week to try to secure a pact that would end a tit-for-tat tariff battle that has roiled global markets. The two sides offered few details of the progress as Chinese Vice Premier Liu […]

Swedbank chairman quits over money laundering scandal

STOCKHOLM. Swedbank Chairman Lars Idermark has quit only a week after the lender’s chief executive was ousted over her handling of a money laundering scandal, saying the controversy threatened to distract from his role as head of forestry group Sodra. The bank, Sweden’s biggest mortgage lender, had fired its CEO Birgitte Bonnesen last week only […]