China Central Bank Raises Stake in India’s Mortgage Lender

The People’s Bank of China has raised its stake in Housing Development Finance Corp. to just over 1%. China’s central bank held about 17.5 million shares at the end of March, according to quarterly data filed by India’s biggest mortgage lender to exchanges. It is mandatory for companies to disclose shareholding of more than 1% at the end o...

Dubai Islamic Slumps as NMC Exposure Risks Wiping 45% of Profit

Dubai Islamic Bank PJSC shares dropped the maximum allowed after the lender said it has $541 million of exposure to NMC Health Plc, which could wipe out almost half of its estimated profit for this year. The Dubai-based bank had about $425 million of exposure at the end of March, while NMC owed its subsidiary Noor Bank about $116 million, accord...

Apple and Google are working together to help track the coronavirus

Apple and Google are partnering to help authorities track exposure to the coronavirus using Bluetooth technology. The two Silicon Valley giants will work on a platform to enable contact tracing, a measure that identifies people who have been exposed to the virus and who they have been in contact with, the companies announced Friday. The companie...

3M: We'll make more N95 masks for the US but we need to keep exporting them

3M, the world's largest maker of respirator masks, said Friday it is willing to comply with President Trump's order to manufacture and supply more critically needed N95 masks for the United States. But 3M cautioned about being forced to halt exports of those masks to other parts of the world. A day after Trump invoked the Defense Production Act ...

UAE officially proposes October 1, 2021 start for World Expo 2020 Dubai

The UAE has officially proposed that the World Expo 2020 Dubai be moved to start on October 1, 2021, in light of the ongoing issues caused by the coronavirus pandemic. The request was made in a letter addressed to Dimitri S. Kerkentzes, secretary general of the Bureau ...

Coronavirus: Google reveals travel habits during the pandemic

Google is to publicly track people's movements over the course of the coronavirus pandemic. The tech firm will publish details of the different types of places people are going to on a county-by-county basis in the UK, as well as similar data for 130 other countries. The plan is to issue a regular updates with the figures referring back to activ...

Cash Crunch Pits Airlines against Customers in Refund Spats

The fight to survive the Covid-19 crisis is pitting airlines across the globe against their grounded customers. Regulations in the U.S. and Europe generally call for carriers to offer passengers a refund if a flight is canceled, with exceptions for circumstances like bad weather. It happens in normal times, but country lockdowns have dissolved s...

Flybe's collapse could be 'first of many' airlines

The failure of Europe's biggest regional airline Flybe could be the start of more casualties, analysts predict. On Thursday, a global airline industry body warned the financial hit from coronavirus could reach $113bn (£87bn) this year. The bleak prediction came on the same day UK-based Flybe went into administration. Airline experts are forecas...

Zoom CEO apologizes for having 'fallen short' on privacy and security

The founder and CEO of Zoom has apologized to the video conferencing app's millions of users after coming under fire for a host of privacy issues at a time when it has emerged as a vital social and professional lifeline for many. “We recognize that we have fallen short of the community's -- and our own -- privacy and security expectations," Er...

Swiss-Belhotel makes debut in Oman with Muscat soft opening

Swiss-Belhotel International has announced the soft opening of Swiss-Belinn Muscat in Oman - its debut in the sultanate - as it continues to expand across the GCC. Swiss-Belinn Muscat is a contemporary 3-star hotel with 128 rooms, the company said in a statement. Gavin M. Faull, chairman and president of Swiss-Belhotel International, said: “Om...

Main campus

Open on location Google Map