Ofgem’s new licence rules to ease winter fuel bills
The UK regulator will frame new rules for suppliers to offer suitable debt terms or emergency credit for customers
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Facebook appoints former HSBC executive for Libra Networks
Ian Jenkins will be appointed as the chief financial officer and chief risk officer of Libra Networks
Uber capitalises on South Africa’s pharma market
The company has forayed into the African marketplace with a single application, increasing the level of competitiveness
Standard Bank’s $4 bn commitment toward fossil fuel raise concerns
Africa’s largest lender by assets has loans and commitment to oil and gas and coal sectors on its books
China’s sees surge in imports, exports with ease in trade restrictions
In September, the mainland’s exports increased 9.9 percent from the previous year
Investors support China Eastern Airlines’ equity diversification plans
China Life Investment will inject ¥11 billion, while Shanghai Jiushi will invest ¥10 billion in the airline
Almajdouie Logistics to implement advanced fleet management
The new fleet management system will help the logistics company to improve efficiency and fulfill stringent regional legal requirements
Juniper to equip Telefonica Spain with fourth-gen Input Output Cards
Telefonica Spain has inked a deal with Juniper Networks as part of the latter’s 5G network growth
UAE’s UPP Capital plans to reacquire 12.5% stake in Palm Hills Developments
In July, AAIB acquired 381.9 million shares worth EGP 544.2 million in Palm Hills Developments, making it the largest shareholder in the Egyptian company
China to be the only major economy to grow this year
The country’s GDP is expected to surge 1.9 percent before a significant surge of 8.2 percent in the coming year