Economy
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Bed Bath & Beyond files for bankruptcy
Bed Bath & Beyond Inc filed for Chapter 11 bankruptcy protection on Sunday after the home goods retailer failed to…
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US rideshare service Lyft plans major staff cuts
US rideshare service Lyft on Friday sent word to employees that it plans a major staffing reduction to cut costs. “We need…
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LVMH is shifting out of Hong Kong as luxury shoppers stay home
LVMH is shifting resources out of Hong Kong, reflecting waning interest in what used to be Asia’s premium shopping hub…
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Strikes over pay cripple German rail network, four airports
Rail workers went on strike across Germany on Friday, mostly bringing national operator Deutsche Bahn’s services to a halt in the morning…
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Credit Suisse bank bondholders sue Swiss regulator over write-down
Investors representing more than $5 billion (4.5 billion Swiss francs) of Credit Suisse bonds have sued the Swiss regulator over its decision…
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UAE bank ADCB reports record profit in first quarter, up 27 pct to $511 mln
Abu Dhabi Commercial Bank, the UAE’s third-biggest lender, reported a 27 percent rise in first-quarter net profit, boosted by higher…
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India will push back on West monopoly over ESG aims, asserts Modi economic adviser
India needs to resist efforts by some western ratings companies to push ESG norms on emerging markets even as Prime…
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Abu Dhabi’s TAQA to sell dual-tranche bonds Monday: Document
Abu Dhabi National Energy Company, known as TAQA, plans to price a two-tranche bond on Monday, a bank document showed,…
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Abu Dhabi’s G42, fund Mubadala combine healthcare assets
Emirati intelligence firm G42 and Abu Dhabi state fund Mubadala Investment Company have combined their healthcare assets into a new…
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Taiwan to buy 400 US anti-ship missiles intended to repel a China invasion
Taiwan will buy as many as 400 land-launched Harpoon missiles intended to repel a potential Chinese invasion, completing a deal…
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