Why those hospital bills continue to inflate

Dubai: Feel like you are paying more each time you pay a visit to the doctor? That’s because you are. A new report finds that inflation in the UAE’s health care sector came to 11.5 per cent during 2018, which is nearly three times that experienced by the overall economy. It essentially means residents are […]

ThyssenKrupp secures union backing on overhaul

Munich. Thyssenkrupp’s management and labour leaders reached an agreement on a reorganisation announced on Friday that could result in 6,000 job cuts, Reuters reported on Saturday, citing a senior workers’ leader and ThyssenKrupp personnel chief Oliver Burkhard. Management and workers reached an agreement overnight that acknowledges the need for an overhaul while ensuring the fair […]

IFM to take pipeline owner Buckeye private for $6.5b

Houston. IFM Global Infrastructure Fund agreed to acquire Buckeye Partners LP, a US owner and operator of oil pipelines and terminals on the East Coast and Gulf Coast, for $6.5 billion. The Australian fund said Friday it will pay $41.50 for each unit of Houston-based Buckeye, a master limited partnership that has 6,000 miles of […]

China’s BAIC seeks to buy stake of up to 5% in Daimler

Beijing. China’s BAIC Group is looking to buy a stake of up to 5 per cent in Daimler AG to cement its investment in Beijing Benz Automotive, Reuters reported, citing three unidentified people familiar with the matter. BAIC told Daimler that it was planning to buy a 4 per cent-5 per cent stake earlier this […]