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UAE gifts 51 Ghaf trees to African partners

  Abu Dhabi / WAM In celebration of 51 years of relations based on mutual respect and benefit with African countries, the UAE gifted 51 Ghaf trees to African partners as a gesture of cooperation and keenness to strengthen ties. Sheikh Shakhboot bin Nahyan Al Nahyan, Minister of State, remarked, “The late Sheikh Zayed bin Sultan Al Nahyan believed that ...

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Latest cost-of-living squeeze tests Nestle’s vitamins push

Bloomberg Packaged-goods giants like Nestle SA and Unilever Plc have poured billions into acquisitions of vitamin brands in recent years, seeking growth beyond traditional businesses like stock cubes, ice cream and soap. The bet appeared to pay off when Covid hit, turbocharging demand for supplements as worried consumers sought to boost their defenses against a new and mysterious virus. Over ...

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Most creditors approve Hong Kong Air’s $6.3bn debt restructuring plan

Bloomberg Most creditors of Hong Kong Airlines Ltd voted to support the carrier’s proposed HK$49 billion ($6.3 billion) debt restructuring, a step to stave off insolvency after travel to and from the city dried up the past three years. Of those voting among three classes of creditors, holders of at least 80% of the debt in each class backed the ...

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