US major home goods retailer Bed Bath & Beyond files Bankruptcy petition
Bed Bath & Beyond Inc, the US-based omni chain home goods retailer, on Sunday announced that it and certain of its subsidiaries, filed voluntary petitions for relief under Chapter 11 of the US Bankruptcy Code (Chapter 11) in the US Bankruptcy Court of New Jersey to implement an orderly wind down of its businesses while conducting a limited marketing process to solicit interest in one or more sales of some or all of its assets.
Electric Car Sales to Reach 14 million in 2023, says IEA
Electric car sales are expected to continue strongly through 2023 and more than 2.3 million electric cars were sold in the first quarter, about 25% more than in the same period last year, International Energy Agency (IEA) said on Wednesday.
Annual Investment Meeting 2023 highlights opportunities to stimulate FDI flow and boost economic growth
The Annual Investment Meeting (AIM Global 2023), one of the world’s largest investment platforms, will be hosted for the first time in Abu Dhabi from 8- 10 May, 2023, in collaboration with the Ministry of Industry & Advanced Technologies, and the Abu Dhabi Department of Economic Development (ADDED) as a lead partner.
Genting Malaysia Proposes Sale of Miami Land for $1.23 Billion
Genting Malaysia (GenM) Bhd, a wholly owned subsidiary of Resorts World Miami LLC, expects to realise a gain of $966 million from the sale of four parcels of land measuring about 15.47 acres in Miami for $1.23 billion.
Monetary authority of Singapore launches revised Green Finance action plan
The Monetary Authority of Singapore, the city-state’s central bank and financial regulator, has launched a green finance initiative – Finance for Net Zero (FiNZ).
Annual Investment Meeting 2023 to Explore the Role of Digital Technology in Designing Future Cities
The Annual Investment Meeting 2023 (AIM Global 2023), supported by the Ministry of Industry and Advanced Technology in partnership with the Abu Dhabi Department of Economic Development (ADDED), will explore the future of urban development and how important employing innovative solutions and digital technology is in building smarter and more sustainable cities that can withstand future challenges.
Exclusive: First Quantum warns employees that Panama mine may close if dispute is not settled
First Quantum Minerals Ltd has warned employees it may have to shutter operations in Panama if the government does not allow its copper exports to resume by next week, according to a memo sent to staff and seen by Reuters.
How sanctions complicated day-to-day banking for Russians
Financial sanctions against Russia have strangled its banks’ profits and wrecked many lenders’ international operations, but one year after Moscow sent its troops into Ukraine how much do they matter for average Russians?
Exclusive: Tencent scraps plans for VR hardware as metaverse bet falters
Tencent Holdings is abandoning plans to venture into virtual reality hardware, as a sobering economic outlook prompts the Chinese tech giant to cut costs and headcount at its metaverse unit, three sources familiar with the matter said.
Toshiba warns on profit after Q3 slump; COO resigns over expenses
Japan’s Toshiba Corp cut its annual earnings estimate after third-quarter profit slumped and its chief operating officer resigned over the inappropriate use of entertainment expenses.
