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After winning the war on coronavirus, striving hard for a strong economic recovery is the nation’s top goal now
NEW DELHI: KKR & Co Inc will invest $1.5 billion in Reliance Industries' Jio Platforms, its biggest investment in Asia to date and bringing the amount of new funds raised by the Indian digital company this month to a massive $10 billion.
PETALING JAYA: Global management consulting firm Mckinsey & Co’s survey on Malaysia’s consumer sentiment in April shows 80% of the respondents are more careful about how they spend money and two-thirds (66%) are cutting back on their spending amid the Covid-19 pandemic.
MUMBAI: Billionaire Mukesh Ambani has extended his fund-raising streak for Jio Platforms Ltd by selling a US$873mil stake to General Atlantic, an early investor in Airbnb Inc and Uber Technologies Inc.
HONG KONG: High demand for video games during Covid-19 lockdowns buoyed Tencent Holdings’ first-quarter revenue and profits, with blockbuster games PlayerUnknown’s Battlegrounds Mobile and Honor of Kings helping it beat forecasts.
LONDON: Combining O2, the UK’s largest mobile phone operator, with Virgin Media, the nation’s second-largest broadband provider, could reshape the market for consumers as much as the telecommunications industry.
NEW YORK: Amazon.com Inc sold more groceries than ever before, but warned of steep losses ahead. Traffic surged on Facebook Inc and Google sites, though advertising dried up.
HLT Global Bhd, a company whose mainstay is to provide support services to the glove manufacturers, made two important announcements over the past three months.
PETALING JAYA: Malaysian furniture industry players should prepare themselves for opportunities to export various types of furniture to the United States post-Covid-19.