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Bloomberg Jindal Steel & Power Ltd. is considering a breakup plan as part of a restructuring to help trim its 420 billion rupee ($6 billion) debt pile and boost investor confidence in a company that was once India’s biggest steelmaker by market value. The New Delhi-based company is looking at splitting its steel, power and international businesses into three separate ...

Bloomberg Hana Financial Group Inc. is in talks to buy a landmark office property opposite the Bank of England that’s being transformed into a major WeWork Cos. co-working space, according to people with knowledge of the plan. Aermont Capital LLP, the owner of the building at One Poultry, is seeking a price of about 185 million pounds ($240 million), the ...

HODEIDAH / WAM More than 31,000 Yemenis have benefited from emergency relief assistance provided by the Emirates Red Crescent (ERC), recently, including 22,500 children, while the Authority is continuing to rehabilitate drinking water plants to meet the needs of Yemeni households. Within this context, the ERC distributed 4,500 food baskets and basic commodities to Yemeni families in the districts of ...

DUBAI / WAM Nasdaq Dubai and Brokerage House Securities (BHS), have begun a joint campaign to publicise the benefits to investors of trading equity futures. The campaign will include seminars at Nasdaq Dubai’s new MarketSite event space, tailor made workshops, videos detailing how to trade and other activities that raise awareness of equity futures’ unique advantages. BHS is a trading Member ...

Abu Dhabi / Emirates Business Etihad Airways has launched a new hand baggage only ‘Deal Fare’ across selected destinations, allowing travellers to purchase lower fares in Economy Class if no checked baggage is required. The ‘Deal Fare’ includes a complimentary carry-on baggage allowance of 7kg and is available on flights between Abu Dhabi, Bahrain, Kuwait, Oman, Saudi Arabia, Jordan, Lebanon, ...

Abu Dhabi / WAM The Federal Authority for Nuclear Regulation, FANR, and Khalifa University of Science and Technology (KU), have signed a collaborative research agreement focused on advancing nuclear safety research and educating the UAE’s next generation of peaceful nuclear energy professionals. The agreement was signed during a ceremony held at FANR’s premises by Christer Viktorsson, FANR Director-General, and Dr. ...

Bloomberg Both Prime Minister Theresa May and opposition Labour Party leader Jeremy Corbyn found themselves under fire as British lawmakers prepared to return to work this week. For May the issue was Brexit. Her proposed agreement was attacked by European Union negotiator Michel Barnier, who said he “strictly” opposed it. It was derided by her former Brexit Secretary David Davis, ...

Bloomberg India’s world-beating economic growth is running up against some big risks: high oil prices, emerging market stress as the era of easy money draws to a close, and policy paralysis in the run-up to next year’s federal election. Those factors may push the rupee, Asia’s worst performer this year, even lower, as well as dampen some of the optimism ...

Bloomberg Xi Jinping’s government has demonstrated a unique ability to exert control over everything from political speech to the internet. It may now have met its match: China’s children. The country’s kids have taken to digital games like those around the world, playing hours of Honour of Kings and PlayerUnknown’s Battlegrounds. Their enthusiasm has made China’s the world’s biggest game ...

Bloomberg President Donald Trump wants to move ahead with a plan to impose tariffs on $200 billion in Chinese imports as soon as a public-comment period concludes this week, according to six people familiar with the matter. Asked to confirm the plan in an interview with Bloomberg News in the Oval Office, Trump smiled and said it was “not totally ...