DUBAI / WAM The Australian state of New South Wales (NSW) has showcased its agrifood innovation and manufacturing capabilities to strengthen further its ties with the UAE at a dinner event held at the Australia Pavilion at Expo 2020 Dubai. The event was led by the newly appointed Vish Padmanabhan, NSW Senior Trade Commissioner to India and the Middle ...

  The worst, it seems, has now happened in Ukraine. In a pre-dawn televised address, Russian President Vladimir Putin announced he had ordered an operation aimed at demilitarising Ukraine. It’s a dark moment for Russia, for Ukraine, for Europe — the darkest in Putin’s two decades at the helm. It is also a point of no return for Russia’s leader, ...

A leadership handover is normally time for refreshment and renewal at companies: new directions, exciting targets. Not so right now at Barclays Plc, where Jes Staley was recently pushed out prematurely as chief executive officer by UK regulators concerned about how he’d presented his personal ties with Jeffrey Epstein. The British bank’s new CEO, CS Venkatakrishnan, and Chief Financial Officer ...

  If you wanted to design a car company to fetch a princely valuation on the capital markets, it would probably look much like Porsche AG. Like Ferrari NV, Porsche has excellent profit margins and a reputation of sporting and luxury heritage. Plus, it has an impressive electric-vehicle strategy to challenge Tesla Inc — the Porsche Taycan already outsells the ...

  A high-profile speech on Ukraine is probably the last thing Democratic pollsters would have wanted from President Joe Biden. Good news on the pandemic would be welcome. If there had to be tough talk about a nasty foe, they would surely have hoped it would be about inflation, not Russian President Vladimir Putin. Or they may have wanted the ...

Bloomberg Alibaba Group Holding Ltd discussed raising at least $1 billion for Lazada before calling off negotiations with potential investors when talks bogged down over the Southeast Asian online mall’s valuation. The Chinese e-commerce giant had aimed to secure financing for Lazada as a precursor to a spinoff of the Singapore-based company and a potential initial public offering, people familiar ...

Bloomberg Air New Zealand plans to raise capital by the end of next month through the issue new shares as its losses continue to mount during the pandemic. The Auckland-based national carrier predicted a record full-year pretax loss of more than NZ$800 million ($540 million), after reporting loss of NZ$367 million in the six months ended on December 31. It ...

Bloomberg SAS AB risks a credit downgrade from Standard & Poor’s if the Scandinavian airline follows through with plans announced to convert debt into equity. The Stockholm-based airline said it planned a number of measures, including a rights offering and swapping hybrid and unsecured debt for equity, to raise capital and lower its debt levels, while repositioning the business coming ...

Bloomberg Thailand will further relax entry rules for foreign visitors starting next month, bowing to demand from the local tourism industry to lower costs as more countries ease border controls to lure holidaymakers. Vaccinated visitors to the Southeast Asian nation won’t be required to undergo a mandatory polymerase chain reaction test on the fifth day of the arrival starting from ...

  Bloomberg A Canadian commercial real estate landlord whose largest tenant is Amazon.com Inc is marketing its inaugural bond sale. RBC Canadian Core Real Estate Fund plans to issue green bonds in the near future, subject to market conditions, according to people familiar with the matter. Proceeds will finance the acquisition of two eligible projects in Vancouver and Calgary, said ...