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Bloomberg Chesapeake Energy Corp is preparing a potential bankruptcy filing that could hand control of one of the leading lights of the US shale revolution to senior lenders, according to people with knowledge of the matter. The dwindling options for a powerhouse that once rivaled Exxon Mobil Corp for title of king of American natural gas comes after CEO Doug Lawler’s ...

Bloomberg President Donald Trump is setting off on a trip aimed at delivering a message to the American people: It’s time to get back to normal after the pandemic. Trump hits the road on Thursday for Dallas, where he’ll hold his first in-person fundraiser in months. He’s expected to spend the rest of the weekend at his New Jersey golf ...

Bloomberg The surge in Tesla Inc.’s shares so far this month moved Elon Musk’s company even closer to displacing Toyota Motor Corp. as the world’s most valuable carmaker. With a market capitalisation of more than $190 billion, Tesla still has some distance to close to reach Toyota’s $210 billion valuation, which includes treasury shares, according to data compiled by Bloomberg. ...

Bloomberg Homes with outdoor space and fewer communal areas look set to become more desirable as the UK property market begins to show signs of revival after the coronavirus lockdown. Indicators of activity compiled by the Royal Institution of Chartered Surveyors strengthened as agents were allowed to restart viewings in England in May. A net balance of 10% of survey ...

Bloomberg Europe’s economy risks losing out on a massive dose of stimulus from its consumers. Households have stashed away hundreds of billions of euros in their bank accounts under lockdown. And even though shops in many countries have reopened, surveys show little sign that people are ready to splurge just yet amid spiralling unemployment and the threat of a second ...

ABU DHABI / WAM The central bank of the UAE (CBUAE) has projected the recovery of economic activity to commence in the second half of the year. The first quarter economic activities witnessed mixed movements, with the UAE economy performing well during the first two months of 2020. The bank affirmed — in the Quarterly Economic Review 2020 published on ...

ABU DHABI / WAM Inspired by the vision of President His Highness Sheikh Khalifa bin Zayed Al Nahyan, and as per the directions of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, and His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy ...

ABU DHABI / WAM Etihad Engineering, the Maintenance, Repair and Overhaul (MRO) arm of Etihad Aviation Group, has been expanding its operations in aircraft maintenance and parking, to meet the new requirements of airline operators as fleets have been grounded due to the Covid-19 pandemic. In a statement on Wednesday, Etihad Engineering said, “The MRO provider continues to adapt to ...

Abu Dhabi / WAM Abu Dhabi University (ADU) has been ranked among the top 750 universities in the world for the third year in a row, according to the 2021 QS World University Rankings. ADU recorded an increase of 15 percent in Academic Reputation, the world rankings indicator with the highest weightage. Reinforcing this performance, the university also improved at ...

Dubai / WAM Dubai International Financial Centre (DIFC) announced that it has welcomed Tata Asset Management Limited (TAML) to the centre. Tata Asset Management is one of the earlier asset management companies in India and is a part of the Tata group that have revenues of $113 billion (2018-19). Headquartered in India, the Tata Group is an over 150 years ...