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South Africa clothing sector master plan key to revival
2020-09-03 19:34:00| Daily apparel & textile news and comment - from just-style.com
The South African clothing and textile sector is looking for action from the country's government under a clothing, textiles, footwear and leather industry master plan unveiled in July to help it recover from Covid-19.
France in huge coronavirus recovery plan focusing on green energy
2020-09-03 18:57:05| BBC News | Business | UK Edition
France unveils a 100bn-euro plan to kick-start the economy, with a promise to invest in green energy.
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Exxon Mobil Weighs Global Job Cuts after Unveiling Australian Lay-off Plan
2020-09-02 15:19:19| OGI
Exxon is the latest oil major to embark on axing jobs spurred by a historic collapse in fuel demand because of the coronavirus pandemic.
TIM approves sale of FiberCop stake to KKR and govt single network plan
2020-09-01 08:56:00| Telecompaper Headlines
(Telecompaper) Telecom Italia (TIM) announced that its directors approved the sale of a minority stake in its last-mile fixed network to US investment fund KKR Infrastructure during a board meeting in which they also backed a government plan to set up a single high-speed broadband network company with rival Open Fiber. The agreement with KKR will see the US firm take a 37.5 percent stake in TIM's last mile fibre and copper grid company FiberCop for EUR 1.8 billion, on the basis of an enterprise value of EUR 7.7 billion and an equity value of EUR 4.7 billion. That deal is expected to be launching pad for the government's plan to merge FiberCop with Open Fiber to create a single network operator
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J.C. Penney Lenders Plan Takeover After Sales Talks Hit Impasse
2020-08-31 20:54:00| National Real Estate Investor
The company plans to continue exploring outside bids, but its advisers will now work with lenders to negotiate a debt-for-equity swap.
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