DP World prepared to face the impact of COVID-19, says Bin Sulayem

Dubai: The giant Dubai-based ports operator DP World is “preparing for the worst” in the months ahead, as coronavirus inflicts the heaviest blow on global trade since World War II. However, the firm which runs port and logistics operations in 54 countries is still hungry for revenue-generating acquisitions, its chairman Sultan Ahmed bin Sulayem told […]

European Union virus recovery deal remains elusive

BRUSSELS: European Union leaders found that a quick deal on the bloc’s future long-term budget and a multibillion-euro post-pandemic recovery plan remained beyond their reach on Friday as the coronavirus ravages their economies. Following a four-hour video summit aimed at paving the way for a compromise this summer, there was common ground on the need […]