Bloomberg India further reduced — to $3.3 billion — the amount of debt bidders for Air India Ltd will need to absorb and eased some eligibility requirements, as Prime Minister Narendra Modi tries once again to sell the national carrier. Expressions of interest are invited by March 17, according to preliminary terms published on Monday. The entire company will be ...

Bloomberg For already-suffering Japanese retailers, the rapidly spreading novel coronavirus could further dent business by keeping away one of their few growing groups of patrons: Chinese shoppers. China’s efforts to control the coronavirus have led to a ban on all tour groups heading overseas, and shut down transportation in multiple large Chinese cities. Limiting the movement of would-be Chinese customers ...

Bloomberg Steinhoff International Holdings NV’s European retail unit, which runs the Pepco and Poundland discount chains, is attracting interest from buyout firms, people with knowledge of the matter said. Advent International and Partners Group Holding AG are among private equity firms considering bids for Pepco Group, said the people, who asked not to be identified because the information is private. ...

Bloomberg Walmart Inc is testing out a higher minimum starting wage for certain jobs in hundreds of stores as part of a broader overhaul of roles and responsibilities across its massive US workforce. In the 500 or so stores that have introduced the retailer’s new operating model, dubbed “Great Workplace,” some associates in the fresh, front-end and replenishment areas will ...

Abu Dhabi / WAM The value of grants provided by the UAE in the first nine months of 2019 amounted to AED14.8 billion, a growth of 8 percent from AED13.7 billion in the same period of 2018, according to figures released by the Ministry of Finance. The total value of registered grants provided by the country during that period accounts ...

Bloomberg The rapid spread of a deadly virus from China will be top of emerging-market investors’ minds as they ponder its impact on the global economy. Concern that the outbreak will develop into something akin to the Sars pandemic of 2003 halted a seven-week rally in developing-nation stocks, currencies and bonds in the five days through Friday. The yuan underperformed ...

ABU DHABI / WAM UAE Minister of Health Abdul Rahman Bin Mohammed Al Owais has stressed that no case of coronavirus infection was found in the UAE and that all necessary precautions have been taken to protect the country from the disease. The minister made the statement during a meeting of the National Emergency, Crisis and Disaster Management team, which ...

ABU DHABI / WAM The Sorbonne Centre for Artificial Intelligence was inaugurated on Sunday at the Sorbonne University Abu Dhabi (SUAD), campus, in the presence of Zaki Anwar Nusseibeh, Minister of State and Chairman of the Board of Trustees of Sorbonne University Abu Dhabi and Professor Jean Chambaz, President of Sorbonne University and Vice Chairman of the Board of Trustees ...

ABU DHABI / WAM The National Health Insurance Company – Daman announced its vision to fill the shortage of qualified actuaries using home-grown talent over the coming decade; providing Emiratis an opportunity with a highly technical qualification whilst circumventing a large global shortage in the specialty. In a press statement on Sunday, Hamad Al Mehyas, deputy Chief Executive Officer of ...

DUBAI / WAM Dubai International Financial Centre (DIFC), has announced the enhancement of its digital onboarding platform, in line with the centre’s continued emphasis on improving the ease of doing business. According to a press release issued by DIFC on Sunday, the new fully integrated digital platform offers a simplified onboarding process and enhanced user experience. The streamlined digital process ...