Bloomberg Greece is trying everything to get its banks back on track, including a direct subsidy to some of their most troubled customers. The government is working on a plan to lessen the burden for borrowers of modest means who can’t repay their debts, according to two people familiar with the project. Though it’s not clear how many borrowers would ...

Bloomberg A rescue of beleaguered Jet Airways brokered by the Indian government is unlikely to end the pain of local airlines that are struggling to make money in one of the toughest markets, according to analysts. Tata Group’s interest in purchasing Jet Airways India Ltd. may be a “step in the right direction,” although it won’t transform overnight an industry ...

Bloomberg Boeing Co.’s 737 Max jet just got a vote of confidence with a $4.4 billion order from a South Korean carrier, less than a month after one of the planes crashed in an incident investigators believe was caused by a faulty flight system. Jeju Air Co., South Korea’s biggest budget carrier, ordered 40 Max 8 aircraft at a list ...

Bloomberg Shiseido Co., the Japanese beauty company seeking a more global presence, is bringing on a local hero with international appeal to sell its cosmetics, signing tennis star Naomi Osaka as a brand ambassador. Osaka, the first Japanese player to win a Grand Slam singles championship, has attracted advertisers looking for a fresh new face to reach a more diverse ...

Bloomberg EasyJet Plc delivered a surprisingly upbeat assessment of the impact of Brexit on the European travel market, saying that not only will flights continue unimpeded but that bookings for next year are actually higher. The company’s fiscal first half, which ends on March 31, two days after Britain is due to quit the EU, is showing “solid demand,” with ...

Bloomberg The world’s largest Ikea store will open in 2020 in the Philippines as the Swedish furniture retailer presses on its bets in Asia. Ikea will debut a 65,000 square metre (700,000 square feet) store in SM Prime Holdings Inc.’s Mall of Asia where it’s leasing a space that’s equal to more than 150 basketball courts, Ikea Southeast Asia Managing ...

Bloomberg Casino Guichard-Perrachon SA promoted David Lubek to chief financial officer as the embattled French supermarket chain freshens up management in a bid to fend off short sellers who question its accounting. Lubek, 45, replaces Antoine Giscard d’Estaing, a 57-year-old nephew of a former French president. The outgoing CFO will pursue new professional projects after 10 years at the company, ...

Abu Dhabi / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, on Monday received the participants of the ‘Interfaith Alliance For Safer Communities: Child Dignity in the Digital World Forum’ being organised by the Ministry of Interior. During the meeting, held at the Al Bahr ...

Abu Dhabi / WAM In collaboration with TransAD, Careem has introduced a new programme to provide flexible and safe income earning opportunities to Emiratis and sons and daughters of Emirati women living in Abu Dhabi. These UAE nationals can now opt to register on the Careem platform and drive private vehicles as part of a new initiative to open up ...

Abu Dhabi / WAM The Abu Dhabi National Oil Company (Adnoc), will accelerate delivery of its new integrated gas strategy, as well as its plans to increase its oil production capacity to four million barrels per day by 2020, with Dr. Sultan bin Ahmad Sultan Al Jaber, Minister of State and Adnoc Group CEO, saying there would be no let-up ...