Hertz files for bankruptcy after rental-car demand vanishes

New York: Hertz Global Holdings Inc., the car-rental company founded with a dozen Ford Model Ts over a century ago, filed for bankruptcy late Friday after sweeping travel restrictions and the global economic collapse destroyed demand for its vehicles. The Chapter 11 filing in Delaware allows Hertz to keep operating while it devises a plan […]

UK’s budget deficit hits a record $76b in April

London: Britain posted a record budget deficit in April as the government unleashed an unprecedented package to prevent the collapse of the virus-stricken economy. The budget deficit stood at 62.1 billion pounds ($76 billion) last month, the Office for National Statistics said. The figure is equal to the total borrowing in the whole of the […]

Make It Happen – Public Private Partnerships

A society born out of perseverance, collaboration and creativity, Dubai is where the changing horizon is the marker for a quest to excel, achieved only through partnerships and a shared vision for success. Governments, business and community are all part of one immutable whole, meaning Dubai is where an opportunity for one is measured by […]