January, 2020

• 6 January

  India offshore bond craze rolls on after record sales

  Bloomberg Indian companies have started the year with more debt offerings overseas, after record issuance in 2019 driven by stronger borrowers turning abroad as local credit markets struggled. The firms sold a record $22 billion of notes overseas in 2019. Yield-hungry global investors have been betting that the kind of higher-rated Indian issuers that have been big sellers could continue ...

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• 6 January

  Takeaway nears final victory in $8 billion Just Eat battle

  

  Bloomberg Takeaway.com NV is set to declare final victory in the five-month takeover battle for UK food-delivery company Just Eat Plc, people with knowledge of the matter said. Investors holding more than half of Just Eat stock have indicated they’ll agree to Takeaway’s all-stock bid, which values the company at about 6 billion pounds ($7.8 billion), according to the people. ...

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• 6 January

  Amazon, Future Group boost ties to fend off Ambani

  

  Bloomberg Amazon.com Inc signed pacts with the Future Group to sell products from India’s second largest brick-and-mortar retailer on its online marketplace, as they fend off rivals in the world’s last big untapped retail market. Amazon will become the authorised online sales channel for Future Retail Ltd’s stores, which sell everything from groceries to cosmetics and apparel, according to an ...

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• 6 January

  Little Caesars, DoorDash to offer US-wide delivery

  

  Bloomberg Little Caesars Enterprises Inc has teamed up with DoorDash Inc to offer nationwide delivery, as it seeks to navigate the expanding world of mobile and online ordering that’s threatening to sap business from laggards. Starting from Monday, delivery will be available at about 90% of Little Caesars’ US locations. The prices are the same as carryout, plus a $2.99 ...

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• 6 January

  Regulators mull simulators before 737 Max can fly again

  

  Bloomberg Federal aviation regulators are considering requiring pilots to complete simulator training before they can operate Boeing Co’s 737 MAX jets again, the Wall Street Journal reported, citing government and industry officials familiar with the matter. The Federal Aviation Administration (FAA) originally rejected the idea, causing extra costs and delays for airlines, the Journal said. But in recent weeks officials ...

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• 6 January

  Boeing plans fundraising as Max crisis drags on

  Bloomberg Boeing Co is looking at raising additional debt to help bolster its resources following the grounding of its 737 Max jetliner, Dow Jones reported. While Boeing had about $20 billion in available funds at the end of the third quarter, costs stemming from the Max crisis are increasing, the news agency said, citing people familiar with the matter it ...

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• 6 January

  Milkman concept revived by Dutch firm seeking edge

  

  Bloomberg The milk float, a home-delivery service that evolved from horse-drawn carriages to early electric vehicles, belongs firmly in the past. Or does it? A little known Amsterdam-based online grocery company had revived the concept, but with a modern flourish. Picnic BV has a concept dubbed “Milkman 2.0” to deliver groceries using electric vehicles, focussing on less food waste and ...

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• 5 January

  Children of determination to receive boxing training

  

  DUBAI / WAM In a press conference, national and international celebrities converged to announce the launch of the UAE’s first-of-its-kind initiative, “Boxing with Determination”, which will see children of determination receive training in boxing, a sport that will help build their motor skills and confidence. The initiative is a collaboration between Warehouse Gym the pioneers of boxing in the UAE, ...

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• 5 January

  55 firms benefit from AEO Programme: FCA

  

  ABU DHABI / WAM According to the Federal Customs Authority (FCA), the number of registered companies that benefitted from the advantages offered by the Authorised Economic Operator, AEO, Programme in the UAE totalled 55 at the end of 2019. Another 15 companies plan to join the programme, which will bring the number to 70 participants by the end of January, ...

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• 5 January

  UAE leaders sign last piece of Hope Probe structure

  

  Abu Dhabi / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, and His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, on Sunday signed on the final metal part to be fitted into the Hope Probe. The piece ...

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