UAE hospital operator NMC to initiate legal action against ex-management

Dubai: NMC Health, confirmed it will pursue legal action against “anyone” involved in “potential fraudulent and criminal actions that led to the company’s current situation”, according to a senior official with the UAE’s largest hospital operator. And that could include the “former CEO” Prasanth Manghat or “anyone else with knowledge of the matter”. “The NMC […]

Coronavirus sparks ‘unprecedented collapse’ in eurozone economy

Brussels: There has been “an unprecedented collapse” in business across the eurozone this month as EU countries impose severe restrictions on movement to slow the coronavirus, according to indicators released Tuesday. The PMI survey by analysis company IHS Markit confirmed what economists and governments had been bracing for: a dramatically abrupt tumble into a certain […]