Property developer Land Securities
on Tuesday reported a big annual pretax loss as
coronavirus-driven shutdowns forced tenants to default on rent
payments, and more stores closed amid an already failing retail
Norway will sharply raise spending
this year from its trillion-dollar sovereign wealth fund, the
government said on Tuesday, exceeding a self-imposed cap for the
first time in over a decade to aid an economy reeling from the
novel coronavirus crisis.
Lebanese government officials
held talks with IMF officials on Monday, the Lebanese newspaper
al-Joumhouria reported, following Beirut's official request for
assistance from the Fund earlier this month.
German software company
TeamViewer on Tuesday reported a 75% jump in billings
in the first quarter as people around the world working from
home due to the coronavirus pandemic adopted its remote
Saudi Aramco said on
Tuesday its planned acquisition of a 70% equity stake in
petrochemical maker SABIC from the Public Investment
Fund (PIF), the kingdom's wealth fund, is on track to close in
the second quarter.