Abu Dhabi: Saudi Arabia’s bankruptcy committee has received about 381 requests for liquidation, settlement and reorganisation from companies, institutions and individuals between January and mid-May, amid COVID-19 pandemic, Saudi media reported. These requests entail the launching of the relevant authorities several procedures, including eight preventive settlement, as well as 40 financial reorganisation, 279 administrative liquidation, […]
Paris: Renault is launching talks with unions to restructure several French car plants, potentially leading to closures, as it confirmed plans to cut around 15,000 jobs worldwide. Unions in France have said they feared the measures could lead four sites to shut, though outright closures are likely to lead to a public backlash. Faced with a […]
Tokyo: Nissan has unveiled a new plan to turn around its fortunes, by eliminating 300 billion yen in annual fixed costs, cutting capacity and reducing the number of car models. Called “Nissan Next”, the three-year plan calls for more drastic measures by cutting marketing, research and other costs. The automaker will make fewer models, slashing […]
This is a developing story.
Dubai: Accor SA has cut 800 jobs in the Middle East and Africa due to the pandemic and sees some positive signs emerging from the United Arab Emirates and Saudi Arabia, according to its chief executive office for the Middle East and Africa. Most of its 25,000 employees working in the region have either been […]
The UAE now leads in mass testing per million people and has conducted more than two million tests.
Emirates asked the UAE residents and travellers not to respond to such fake e-mails or open links given in these e-mails.
Mumbai: India’s Wipro Ltd. has named Thierry Delaporte CEO, recruiting its new leader from rival Capgemini SE as the company tries to regain momentum in the tech services industry. Delaporte will take over on July 6, replacing Abidal Neemuchwala, and will also be managing director. Wipro had said in January that Neemuchwala would leave the post when a […]
The department has allowed retail and wholesale outlets to receive 70 per cent of their customers’ capacity.
Over a span of just six months, Covid-19 has not only changed the way we work, celebrate occasions and stay healthy but also forced countries to take a hard look at how they feed their residents. “I believe the current pandemic has provided us the opportunity to completely reimagine the global food system,” says Tony […]