Bahrain attracted $885 million in direct investment in 2020 through new companies setting up and expanding in the kingdom, the country's investment agency said in a statement on Monday.
Wall Street may be facing an uncomfortable four years after President-elect Joe Biden's team confirmed on Monday it planned to nominate two consumer champions to lead top financial agencies, signaling a tougher stance on the industry than many had anticipated.
By Reuters Staff
2 Min Read
BERLIN, Jan 18 (Reuters) - Germany’s upper house of parliament called on Monday for Chancellor Angela Merkel’s government to extend a waiver on insolvency filings for firms hit by the coronavirus crisis.
The provision, which is due to expire at the end of the month, has helped reduce the number of bankruptcies in Europe’s largest economy through lockdown, with the Federal Statistics Office last week reporting a 31.9% year-on-year drop in October.
The Bundesrat upper house called unanimously in a resolution for an extension to the waiver, saying that without it healthy but indebted companies would be forced to file for insolvency “through no fault of their own”.
Breakingviews
6 Min Read
LONDON (Reuters Breakingviews) - Jakob Stausholm will have to pick up a travel guide to Ulaanbaatar. Rio Tinto’s new chief executive has a challenging to-do list and atop it sits the miner’s troubled $10 billion Oyu Tolgoi copper and gold project, located 700 kilometres from the Mongolian capital. Trying to satisfy all the interested parties at once is probably a fool’s errand.
Workers talk at Rio Tinto s Amrun bauxite mine in Cape York, on the north-eastern tip of Australia March 7, 2019. Picture taken March 7, 2019.
It’s surprising the whole sticky mess, along with the high tensions between Australia and China and Rio’s frayed relations with indigenous peoples, didn’t dissuade Stausholm from taking the job. Turquoise Hill Resources, the Canadian-listed company that owns two-thirds of Oyu Tolgoi, lost a fifth of its market value on Jan. 11 after suggestions that the Mongolian government might not continue with the project. Shares of Turquoi