Blog List Layout

  Bloomberg Tata Group’s Bigbasket may list its shares within three years after the latest capital raising valued India’s largest online grocer at $3.2 billion. The Bengaluru-based e-commerce firm, which is focussing on expanding its pan-India reach, may choose to launch an initial public offering in 24 to 36 months but was open to raising more private capital before that, ...

  Bloomberg Thailand, the world’s biggest rice exporter after India, is on track to ship the highest volume in four years as importing countries boost purchases to replenish stockpiles and keep a lid on food inflation. Exports will probably climb to 8 million tons this year as a weak currency boosts competitiveness and countries such as China look to rebuild ...

Bloomberg Volkswagen AG is requiring employees at one of its factories in southern China to work extended hours to compensate for production losses after staff came down sick with Covid, a person familiar with the matter said, as a wave of infections snakes across the country. The German carmaker has arranged for staff in several workshops at a plant it ...

Bloomberg US President Joe Biden will unveil nearly $2 billion in assistance and announce moves to deliver a Patriot missile battery to help Ukraine bolster its defenses this winter as its leader, Volodymyr Zelenskiy, arrives in Washington on Wednesday to deliver an in-person address to Congress. Zelenskiy left Ukraine for the first time since Russia invaded in February and at ...

Abu Dhabi / WAM Building on the ongoing efforts of the Department of Health – Abu Dhabi (DoH) in spearheading Abu Dhabi’s healthcare ecosystem, AstraZeneca, a science-led biopharmaceutical company, and G42 Healthcare, an AI-powered healthcare company, signed a strategic partnership agreement to locally manufacture innovative drugs in Abu Dhabi. The binding agreement focuses on collaboration in four key areas including ...

Dubai / WAM InfraX, a subsidiary of Digital Dewa, has signed a memorandum of understanding (MoU) with UnaBiz, Massive IoT service provider and the new owner of Sigfox 0G technology. Rashid Al Ahmedi, COO of InfraX, and Phillippe Chiu, Co-Founder and Co-CEO of UnaBiz, signed the MoU, which will pave way for joint collaborations between the parties that will see ...

  DUBAI / WAM As the 2022 World Cup in Qatar united the world to the Middle East, nearly 2,000 global business executives and investors will attend the World Corporate Summit in Dubai to share the vision of improving the world through business. Held in Dubai from November 21 until December 15 at the Palace Downtown Hotel, this record-breaking mega ...

Abu Dhabi / WAM The Abu Dhabi Arabic Language Centre (ALC), part of the Department of Culture and Tourism – Abu Dhabi (DCT Abu Dhabi), has helped develop an innovative new app that encourages adoption and mastery of the Arabic language. The ‘Scan and Learn Arabic’ app, launched in collaboration with Abu Dhabi’s Department of Community Development (DCD) and Department ...

  Bloomberg UK Chancellor of the Exchequer Jeremy Hunt delayed a decision on the support businesses will receive for their energy bills after March, sparking consternation from industry groups. While Hunt has extended assistance for domestic energy bills, he’s yet to say how much aid will be provided to companies after the current £18 billion ($22 billion) 6-month program ends. ...

  Bloomberg The drive to launch new carbon exchanges in Asia has reached new heights with Malaysia entering the fray, raising questions about how many will survive in a market that could be worth hundreds of billions in a few decades. Bursa Malaysia Bhd opened an exchange this month, joining more than a dozen that are under way or planned ...