5 Min Read
LONDON (Reuters) - Sanjeev Gupta’s $500 million purchase of Europe’s largest aluminium smelter from Rio Tinto in 2018 was the steel tycoon’s first big industrial deal financed through traditional bank debt.
FILE PHOTO: The GFG Alliance flag flies at the completion of a 330 million pound deal to buy Britain s last remaining Aluminium smelter in Fort William Lochaber Scotland, Britain December 19, 2016. REUTERS/Russell Cheyne
Gupta’s GFG Alliance, a sprawling network of hundreds of privately-held companies with interests spanning steel, aluminium, mining, financial services and real estate, publicly announced the five-year term loan with a syndicate of banks.
By Reuters Staff
3 Min Read
LONDON (Reuters) - Scotland’s former political leader Alex Salmond said on Thursday his new pro-independence party, which could cost the ruling Scottish National Party votes in a May election, had nothing to do with his bitter row with the country’s current leader.
FILE PHOTO: Former Scottish National Party leader and former First Minister of Scotland Alex Salmond makes his opening statement to The Committee on the Scottish Government Handling of Harassment Complaints at Holyrood, examining the government s handling of harassment allegations against him, in Edinburgh, Scotland, Britain February 26, 2021. Andy Buchanan/Pool via REUTERS
By Reuters Staff
1 Min Read
FILE PHOTO: German Chancellor Angela Merkel arrives for a news conference after a virtual meeting with federal state governors at the chancellery in Berlin, Germany, March 30, 2021. Markus Schreiber/Pool via REUTERS/File Photo
BERLIN (Reuters) - Chancellor Angela Merkel urged Germans on Thursday to celebrate Easter quietly, reduce contacts and not travel unless absolutely necessary to try to stop a third wave of the coronavirus pandemic, which she said was now threatening younger people.
“It should be a quiet Easter, with those closest to you, with very reduced contact. I urge you to refrain from all non-essential travel,” Merkel said in a video message, adding this was the only way to help the doctors and nurses fighting the virus.
Saudi Arabia's finance minister Mohammed al-Jadaan said on Tuesday that 24 local private sector companies plan to invest 2 trillion riyals ($533.29 billion) from now to 2025 and another 3 trln riyals by 2030 to help boost the economic diversification plan.
By Reuters Staff
2 Min Read
SINGAPORE, March 30 (Reuters) - Lim Oon Kuin, the founder of collapsed oil trading firm Hin Leong Trading Pte Ltd, is expected to face another 23 charges of forgery-related offences soon, Singapore’s prosecution said.
The 23 charges are expected to be tendered on April 8, Deputy Public Prosecutor Navin Naidu told a Singapore court on Monday.
The Singapore Attorney-General’s Chambers confirmed the prosecutor’s comments.
The Lim family’s legal advisers, Davinder Singh Chambers LLC, did not immediately respond to an emailed request for comment.
Last year, Singapore police charged the 78-year-old former oil tycoon, better known as O.K. Lim, with two counts of abetment of forgery for the purpose of cheating.