Oman Shipping Company takes $80m loan from ADIB for new ships
ADIB’s funding enables Oman Shipping Company to purchase two more huge crude carriers for its 53-strong naval fleetOman Shipping Company (OSC) has taken a loan of $80 million from Abu Dhabi Islamic Bank (ADIB)...
BMW beats Mercedes in US sales for first time since 2015
Mercedes was meanwhile hamstrung by supplier bottlenecksBMW AG outsold Daimler AG’s Mercedes-Benz in the US for the first time in four years after blowing out its rival in the final month of 2019.BMW sold...
China threatens Germany with retaliation if Huawei is banned
The Chinese government threatened Germany with retaliation if it excluded Chinese vendor Huawei from 5G contracts in the European country, Bloomberg reported.“If Germany were to take a decision that leads to Huawei’s exclusion from the German...
Metro Bank launches cash delivery services for SMEs
Metro Bank has begun accepting registrations for its on-demand cash collection and delivery service for SMEs across the UK.‘MCash’ will operate through the bank’s mobile app, where business customers can log on and select...
Audi and Jaguar improve range of electric e-tron and I-Pace
Audi has announced minor hardware and software upgrades for its all-electric e-tron SUV.The German car maker says the new measures will be applied to future models and will increase the range to 271 miles...
GSK leanest with R&D spend in big pharma – but gets bang for its...
GlaxoSmithKline’s CEO Emma Walmsley has made great play of her company’s new approach to R&D under the leadership of its guru Hal Barron.After taking over in 2017 Walmsley is looking for a new direction...
Saudi stock offering creates world’s most valuable company
Saudi Arabian oil company Aramco surpassed Apple as the world’s most valuable public company Wednesday when its shares made their debut on the Saudi stock exchange, part of an ambitious shift away from the...
Marks & Spencer profits plunge 17% on poor clothes and home sales
Profits and revenue have slumped at Marks & Spencer after poor sales in its clothing and home departments.The retail giant (MKS.L) said pre-tax profits were down 17.1% in the first half of the financial...
Nokia and Microsoft get together for new alliance, 5 years after failed $7B smartphone...
It’s been more than five years since Microsoft’s $7 billion ill-fated acquisition of Nokia’s smartphone business, and now the companies are teaming up once again.The new partnership combines Microsoft’s expertise in cloud computing and...
Adam Neumann’s WeWork fall from grace may not be over yet
WeWork’s co-founder Adam Neumann’s public fall from grace is set to reach a new low. After being forced to step down as the chief executive in September by the company’s board, a new proposal...
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