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Airline debt could rise to $550bn by year end, industry body warns

by sundelbolong | May 26, 2020 | Business & Finance News

There are still large gaps in the financial aid needed to help airlines survive the Covid-19 crisis, the International Air Transport Association said on Tuesday. IATA, the trade association for the world’s airlines, expects the airline industry’s global...

Tobacco ban a ‘deal with the devil’, undermining transformation – lobby groups

by sundelbolong | May 26, 2020 | Business & Finance News

The ongoing tobacco ban is setting back transformation in the business environment and severely impacting black farmers and businesspeople, lobby groups have said. Government has “done a deal with the devil”, in refusing to lift the ban on cigarette sales...

Floor trading resumes at NYSE – with masks and plexiglas

by sundelbolong | May 26, 2020 | Business & Finance News

The New York Stock Exchange, the symbolic heart of Wall Street, reopened its floor Tuesday after a two-month closure due to the coronavirus, with traders donning masks and separated by plexiglas. Stocks surged at the outset of the session following the trademark...

WATCH | France’s R152bn plan to revive the auto industry using electric cars

by sundelbolong | May 26, 2020 | Business & Finance News

President Emmanuel Macron on Tuesday announced an €8-billion (R152bn) plan to revive France’s auto industry by making it the European leader in electric cars, in a boost for a sector brought to its knees by the coronavirus. Macron said the package would include...

Low-cost hospital group RH Bophelo lists in Rwanda

by sundelbolong | May 26, 2020 | Business & Finance News

Black-owned hospital group, RH Bophelo, is spreading its wings to East Africa in hopes that more investors will back its low-cost healthcare model. The company announced on Tuesday that it will be making a secondary listing on the Rwanda Stock Exchange on 1 June....
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