Pension funds wary of UK government call to finance post-Covid recovery
UK pension fund trustees are balking at government efforts to encourage them to spend billions on the nation’s economic recovery, warning over potential conflicts of interests for their savers. In an unprecedented intervention last week, prime minister Boris Johnson and chancellor Rishi Sunak published a letter to the industry, urging it to plough more cash […]
Private equity group buys into UK’s vaccine rollout success
Private equity group CVC Capital Partners has bought stakes in two UK-based companies whose software underpins the NHS’s coronavirus vaccine rollout, as it seeks to capitalise on Britain’s inoculation success in order to sell the technology to other countries. The Luxembourg-based buyouts group has bought a majority stake in System C and a minority stake […]
Start-up funding dries up as GCC investor ecosystem adapts to pandemic
Some private equity players are also looking into venture capital space to participate in the tech play in the region The pandemic-hit GCC start-up funding ecosystem is in slowdown, with investors choosing more carefully where to place their bets in the wake of the market seeing a correction in valuation, according to experts and venture […]
AirAsia Group to raise up to $113 million via private placement
(Reuters) – AirAsia Group plans to undertake a private placement to raise up to 454.5 million ringgit ($113 million) to address immediate and near-term cash flow requirements, the Malaysian budget airline group said on Thursday. The struggling airline, which reported a fifth straight quarterly loss in November as the pandemic took its toll on travel, […]
Lebanon inks final deal for 2.1 mln doses of Pfizer-BioNTech vaccine
BEIRUT, Jan 17 (Reuters) – Lebanon’s caretaker health minister signed a final deal on Sunday to secure 2.1 million doses of Pfizer-BioNTech’s COVID-19 vaccine as the country battles a steep rise in infections. The vaccines are expected to arrive in batches starting February, the ministry said in a statement. The ministry is also cooperating with […]
Wall Street rises on hopes of vaccine-fueled recovery
(Reuters) -U.S. stocks rose on Wednesday, led by energy shares, as investors bet on a strong economic recovery in 2021 on the back of COVID-19 vaccine rollouts and hopes of bigger fiscal support. The last few weeks of the year have seen a shift towards undervalued stocks that are primed to benefit from an economic […]
