Tokyo: Nissan Motor Co. is planning to cut more than 20,000 jobs across the world, as the carmaker grapples with factories and showrooms that have been shut down due to the coronavirus pandemic. The outbreak is forcing Nissan to cut back on production, and restructuring measures in Japan are also being considered. The job reductions […]
Don’t let the ongoing pandemic restrictions put a dampener on your festivities.
Dubai: A majority of UAE businesses – 56 per cent – are bracing for a drop in revenues by more than 75 per cent in the second quarter, with those in the travel and tourism space the worst affected. Disruption in cashflow and being cut-off from access to customers in the UAE remain the biggest […]
Moscow: Russia’s economy is forecast to shrink by 9.5 per cent in the second quarter of 2020 compared to the same period last year, while yearly GDP will fall by five per cent, economy minister Maksim Reshetnikov said on Thursday. “The main factor of the GDP decrease this year is the internal restrictions” on the […]
The Abu Dhabi CP held a virtual meeting with frontliners and officials on Thursday.
Beirut: Lebanese Prime Minister Hassan Diab blamed “criminal” currency manipulation for the unraveling of the country’s decades-old peg. Flanked by his entire cabinet during a televised speech on Thursday, Diab criticized what he said were years of neglect and mismanagement on the part of the state, saying his own government – in place since January […]
Unprecedented. It’s a word we’ve been hearing more and more as 2020 progresses, not only in the UAE but all over the world. As people have had to adjust their lifestyles to quarantine and self-isolate, businesses have had to make serious modifications to their processes and revenue models. Some, such as aviation, tourism and fine […]
Dubai: A former top official at Pacific Controls – accused of complicity in Dh370 million of missing company funds – has been detained by Dubai authorities. It is believed that the individual had flown into the country to dispose of some properties he had in the city, which was when the authorities picked him up. […]
Dubai, where the confluence of business, innovation and trade pave the way for human progress, is the flagbearer for the next generation of visionaries in a borderless world of unprecedented choice. A hyperconnected gateway of global opportunity, Dubai is where the private and public sectors converge, co-create and accelerate, defining the new goal post for […]
Hong Kong: ByteDance Ltd.’s valuation has risen at least a third to more than $100 billion in recent private share transactions, people familiar with the matter said, reflecting expectations the owner of video phenom TikTok will keep pulling in advertisers despite the Covid-19 pandemic. Stock in the world’s most valuable startup has changed hands recently […]