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Economy and Finance
SoftBank to lend $20B to employees
TOKYO: Japan’s SoftBank Group Corp is planning to lend up to $20 billion (16.5 billion pounds) to its employees, including Chief…
Standard Chartered to face fine on sanctions breaches
LONDON: Standard Chartered PLC is facing a fine for failing to prevent sanctions breaches, Sky News reported on Saturday.…
UK to offer 600m pounds to housing fund
LONDON: British finance minister Sajid Javid said he would make 600 million pounds available to support the building of 50,000…
US lift 10% tariffs from Chinese furniture, modems
Washington to extend Huawei’s partial reprieve on supply curbs
WASHINGTON/ SINGAPORE: The Trump administration is…
ADB okays $25m loan to support lending operations
ISLAMABAD: The Asian Development Bank (ADB) has approved a $25 million syndicated loan to support the lending operations…
Stocks falter on renewed growth worries
NEW YORK/LONDON/BRUSSELS
The dollar recovered from early weakness but a gauge of global equity performance edged lower on…
Hong Kong unveils $3.4b economic stimulus package
HONG KONG
Hong Kong’s government announced an economic support package worth HK$19.1 billion (S$3.39 billion) on…
Investment firm to acquire 10,000 holiday homes
DUBAI: In a deal worth $5 billion (Dh18 billion), UAE-based IBC Group announced plans to acquire 10,000 prime properties…
CIS- next frontier for Islamic banking expansion: Moody’s
DUBAI
Islamic banking will grow substantially in Commonwealth of Independent States (CIS) countries in the next five years from a…
Huawei starts research on 6G internet
SHENZEN
5G has been a source of unrest for Huawei. The US government, worried that Huawei could build security flaw “backdoors”…
