Khartoum inks a preliminary deal with a group led by UAE's AD Ports Group and Invictus Investment to build and operate Abu Amama port and economic zone on Red Sea.
Gautam Adani, who saw $100 billion rout in shares of his listed firms, says his conglomerate has "impeccable track record" of fulfilling debt obligations. Meanwhile, Citigroup stops accepting securities of his firms as collateral for margin loans.
British company's record earnings is more than double from a year earlier, intensifying pressure on governments to further raise taxes on the sector as consumers struggle to afford fuel.
Retailers, second after tech, cut 13,000 positions in January, compared with virtually no layoffs a year earlier. Financial firms, meanwhile, shed 10,603 jobs last month, up from 696 roles a year earlier.
Investors have lopped off more than $100 billion from the market capitalisation of seven of the group's listed stocks since Hindenburg Research last week questioned the group's debt levels and use of tax havens.
Elon Musk's 2018 tweet said that he had the financing to take Tesla private, even though it turned out he hadn’t gotten an iron-clad commitment for a deal that would have cost $20 billion to $70 billion to pull off.
A US-based short-seller's report last week accused the group of engaging “in a brazen stock manipulation and accounting fraud scheme over the course of decades.”
The statement came amid news circulated on social media platforms claiming that Egypt had contracted an Israeli company to manage the waterway’s services through a 99-year concession contract.
