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Amid a wave of airline deregulation advocacy, Democratic senators are rallying together in a bid to convince the Trump administration to retain an important policy that obligates airlines to reimburse passengers with cash for inconvenient flight delays. The Biden administration had introduced a plan ensuring compensation of up to $775 for carrier-induced disruptions.
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In a significant step towards economic collaboration, Pakistan and Saudi Arabia have finalized a strategic framework designed to enhance bilateral trade and investments. Following a recent defense agreement, this partnership emphasizes cooperation in critical sectors such as energy, technology, and manufacturing. The two nations are also considering collaborative initiatives like electrical interconnections.
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Emirates NBD, Dubais largest bank, launched an open offer to acquire 26% of RBL Bank at 280 per share, following its 26,853 crore strategic investment. The combined 38,000 crore deal marks Indias biggest FDI in financial services and a historic foreign acquisition of a private lender.
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