World’s rich are in a post-pandemic luxury car buying spree

Paris: The global rebound from the coronavirus pandemic is revving luxury carmakers’ sales to never-before-seen heights, as order books at the likes of Lamborghini, Ferrari and Rolls-Royce burst with demand from the world’s wealthy. Just like regular earners around the world, the richest cut back on consumption during 2020, with “double-digit” falls in sales for makers […]

India extends $41 billion loan-guarantee offer to airlines

Dubai: India expanded an emergency credit programme to airlines and hospitals to cushion them from the impact of a wave of coronavirus infections and deaths. The loans, which were previously intended for specific sectors such as small borrowers, can be availed until September 30 or until total guarantees worth 3 trillion rupees ($41 billion) are offered, the […]