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08 May

Algeria authorises purchase of 15 new aircraft for Air Algerie- statement

The Algerian cabinet has authorised the national airline, Air Algerie, to purchase 15 new aircraft to open new routes to African and Asian destinations, Algerian State TV said on Sunday citing a cabinet statement.

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08 May

IKEA stores owner Ingka to pay Russia staff through August

IKEA stores owner Ingka Group has extended the period it will pay around 12,000 staff in Russia by three months, through August, and may continue to pay workers beyond that, its retail manager said in an interview.

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07 May

Exclusive-Xiaomi accuses Indian agency of 'physical violence' threats during probe

Chinese smartphone maker Xiaomi Corp has alleged its top executives faced threats of "physical violence" and coercion during questioning by India's financial crime fighting agency, according to a court filing seen by Reuters.

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08 May

Global scramble for metals thrusts Africa into mining spotlight

The need to secure new sources of metals for the energy transition amid sanctions on top producer Russia has increased the Africa risk appetite for major miners, who have few alternatives to the resource-rich continent.

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07 May

UK's Capco and Shaftesbury in talks about $4 billion merger - Sky News

London's West End focused commercial landlords Capital & Counties Properties Plc and Shaftesbury Plc are in advanced talks about a 3.5 billion pound ($4.32 billion) merger, Sky News reported on Saturday.

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07 May

Zimbabwe suspends bank lending in bid to arrest currency decline

Zimbabwe's government on Saturday ordered banks to stop lending with immediate effect in a move Harare said was designed to stop speculation against the Zimbabwean dollar and was part of a raft of measures to arrest its rapid devaluation on the black market.

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07 May

Southwest Gas settles boardroom battle with Icahn, replaces CEO

Southwest Gas Holdings reached a settlement on Friday with Carl Icahn that will replace the company's chief executive and hand as many as four board seats to the billionaire investor.

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