Saudi Arabia extends economic measures to mitigate pandemic impact

Dubai: Saudi Arabia is extending some private sector stimulus measures that would have expired this month, with the government saying it’s keen to support businesses that are struggling to recover from the effects of the coronavirus pandemic. Among the initiatives extended is a pledge to cover 60% of some Saudi salaries in the private sector through […]

Zoom now has to face-off with India’s Ambani-owned JioMeet

Mumbai: Zoom, one of the few success stories of the COVID-19 pandemic, now faces a new competitor in an app backed by Asia’s wealthiest person Mukesh Ambani. Ambani’s Reliance Industries Ltd. has launched the JioMeet video conferencing app after beta testing. The app has already garnered more than 100,000 downloads on the Google Play Store […]

Pizza Hut and Wendy’s operator NPC files for bankruptcy

NPC International Inc., the largest franchisee of Pizza Hut restaurants in the US, filed for bankruptcy after coronavirus-related shutdowns added to competitive pressures in the restaurant industry. The closely held company sought Chapter 11 protection in the Southern District of Texas court on Wednesday. NPC, founded in 1962, operates 1,227 Pizza Hut and 393 Wendy’s […]