Nestle SA has entered exclusive talks to sell its skincare business to a group led by EQT Partners for 10.2 billion Swiss francs ($10.1 billion) in what would be one of the biggest private-equity deals this year. The discussions with the consortium, which is co-led by the Abu Dhabi Investment Authority, are moving ahead as […]
Dubai: Project awards across the GCC declined in the first quarter of 2019 according to data from Meed Projects and estimates by the Economics Team at Abu Dhabi Commercial Bank. Data showed total GCC project awards remained relatively soft in the first quarter of 2019, moderating by 7.5 per cent and 7.8 per cent on […]
Melbourne: Tesla Inc. is rolling out a software update for two of its electric vehicles, including the flagship Model S, to beef up battery safety as part of a probe into a vehicle fire in Hong Kong. The over-the-air updates will revise the charge and thermal-management settings for the Model S and Model X, Tesla […]
A UK-registered small DA42 plane crashed three miles to the south of Dubai International Airport, killing four people More…
Dubai: London Stock Exchange on Thursday welcomes Finablr PLC (Finablr), a global payments and foreign exchange company, to open London’s markets for trading and to celebrate the listing of the Company’s shares on the Premium Segment of the Main Market of London Stock Exchange. Finablr is a global platform for Payments and Foreign Exchange solutions […]
Some flights have been delayed.
Johannesburg: The embattled South African state power utility’s debt burden, described by Goldman Sachs Group Inc as the biggest threat to the nation’s economy, has burgeoned, compounding the difficulty the government faces in formulating a turnaround plan. Eskom Holdings’ debt is approaching 500 billion rand (Dh128 billion or $35 billion), according to data compiled by […]
Defending champion Rafael Nadal lost just one game as he crushed France’s Jeremy Chardy in straight sets to advance to More…
A Spanish court said Thursday it had cleared Colombian superstars Shakira and Carlos Vives of accusations they More…
Researchers have created a way for a smartphone to “hear” a warning sign of ear infections – fluid buildup behind the More…