COVID-19: US imports record amount of gold from Switzerland as virus upends trade

London: Swiss exports of gold to the United States leapt to 111.7 tonnes in April — by far the biggest monthly total on record — while shipments to other destinations dwindled, customs data showed on Tuesday. The global gold market has been turned on its head by the novel coronavirus, with demand in China and […]

6 tips to kickstart your dream F&B business in the Covid-19 era

Since the pandemic, the F&B industry has been the hardest hit along with the travel industry. Pre-Covid, a typical restaurant would generate 60 per cent of its revenue from dine-in and the remaining 40 per cent from delivery. Delivery has never been the primary focus as the profitability is usually very low thanks to the […]

COVID-19: EU aims to back struggling south with fiscal shock and awe

Brussels: The European Commission unveiled an unprecedented stimulus plan to tackle the worst recession in living memory and underwrite struggling Italy’s membership of the 27-nation bloc. The government in Rome stands to receive 82 billion euros ($90 billion) in emergency grants and up to 91 billion euros in low-interest loans from the package that could […]

Euro Pack Industries: Curated package solutions that are future-proof

In an exclusive chat with GN Focus, Francis Mendonsa, CEO and Managing Director, Euro Pack Industries, highlights industry requirements and how his brand is disrupting the rapidly evolving packaging sector in the UAE and the region. What made you set up Euro Pack Industries? Please share a little bit of brand history. Euro Pack Industries […]

Aston Martin brings in Merc AMG chief as new CEO

London: Aston Martin Lagonda Global Holdings named AMG head Tobias Moers as its new chief in a management shakeup that comes two months after a cash rescue led by its billionaire chairman. Shares of the British luxury sportscar maker surged after it said that Moers, who leads Daimler AG’s Mercedes-AMG performance division, will replace Andy Palmer […]