LONDON: The British government said on Tuesday it would provide Transport for London, the capital’s public transport operator, with a grant worth 825 million pounds ($1.10 billion) to help it… Read more »
JOHANNESBURG: As South Africa’s growth is projected to shrink by almost 8 per cent in 2020, President Cyril Ramaphosa said the government was prioritizing economic reform and mass investments in… Read more »
ZURICH: LafargeHolcim gave an upbeat assessment about the construction industry on Friday, upping its full-year guidance and saying the COVID-19 recovery was well under way. The world’s biggest cement maker… Read more »
DUBAI: Dubai real estate developer Union Properties has completed a payment of 70 million dirhams ($19.06 million) towards its largest lender as part of a debt restructuring plan, it said… Read more »
OSLO: Norwegian telecom firm Telenor has agreed to sell its headquarters building in Oslo to Norwegian Property for about 5.45 billion crowns ($587.56 million), the company said on Tuesday. The… Read more »
NEW YORK: When it comes to sympathetic figures, landlords aren’t exactly at the top of the list. But they, too, have fallen on hard times, demonstrating how the coronavirus outbreak… Read more »
OTTAWA: Canada on Friday announced a round of new and enhanced support for businesses impacted by the coronavirus pandemic, including a new rent subsidy program to replace its previous, and… Read more »
RIYADH: Saudi Arabia’s king has issued an order exempting real estate deals from a 15% value-added tax (VAT) and imposed a new 5% tax on transactions as the Gulf state… Read more »
By Herbert Lash NEW YORK: One Vanderbilt, the latest super-tall skyscraper to grace New York’s skyline, opens Monday in a socially distant ribbon-cutting ceremony as COVID-19 leaves offices and the… Read more »
NEW YORK: J.C. Penney Co Inc reached a tentative deal with landlords and lenders valued at $1.75 billion to rescue the beleaguered department store chain from bankruptcy proceedings, averting a… Read more »