New Delhi. India’s top court upheld a law that bars founders of companies that have defaulted on loans from buying back stressed assets, in a ruling that may help the nation more quickly resolve bad debts. The Supreme Court said a provision of the bankruptcy law that prevents founders from regaining control of delinquent companies […]
Dubai: Car buyers in the UAE could soon save themselves a trip to the showroom. Instead they could sit at home to make a purchase of the model they desire, accessorise it and make the payment. Even the registration paperwork could be completed online. One would say that Tesla is already doing so in whichever […]
Mild weather during daytime and relatively cold by night.
Istanbul: The man in the cockpit of the Turkish economy is preparing it for a “soft landing” after bouts of severe currency turbulence. While Turkey is increasingly at risk of its first recession in a decade, Treasury and Finance Minister Berat Albayrak said the economy is actually showing signs of a slowdown in line with […]
President Donald Trump is expected to sign the bill later.
Mumbai: It was billed as the world’s cheapest car and shaped like a jelly bean — but after a bumpy 10-year ride India’s Tata Nano is nearing the end of the road. Tata Motors, India’s top automaker, said on Thursday that it could stop manufacturing and selling the vehicle from April next year due to […]
Davos. China is expected to join nearly 70 other countries in negotiating new rules to cover the $25 trillion e-commerce market, according to four people familiar with the discussions. The signatories — including the US, Japan and the European Union — are due to announce the agreement on Friday on the sidelines of the World […]
DAVOS Impatient with a lack of World Trade Organisation rules to cover the explosive growth of e-commerce, 76 countries and regions including the United States, the EU and Japan agreed on Friday to start negotiating a set of open and predictable regulations. China, which is locked in a trade war with the United States, signalled […]
Jakarta. Indonesia is among countries set to benefit from companies relocating factories from China because of its trade war with the US, according to Tom Lembong, chairman of the country’s Investment Coordinating Board. While countries like Indonesia, Vietnam, Bangladesh and Cambodia are seeing relocation of factories from China, the trade tension will cause downturns in […]
However, Trump made no firm announcement regarding his demand for $5.7 billion to fund the border wall.