DIAMONDS ARE FOR EVERMORE

POPULAR UNITED ARAB

Emirates (UAE) diamond company

Evermore is looking to expand into the Indian market. It is currently scouting for a big name in Bollywood to recruit as its brand ambassador.

Evermore has initially earmarked

USD$500,000 for an entry plan onto the sub-continent, although that amount will increase as the enterprise expands.

The diamonds were first launched in Dubai, Bahrain and London, and are from Siroya ALTR, a joint venture between UAE-based Siroya and New York-based ALTR jewellery companies, which creates its gems in a state of the art laboratory.

Aerospace

Fight Or Flight

THE ITALIAN AIRLINE Italia

Trasporto Aereo S.p.A. (ITA), formerly known as Alitalia, has received an offer from German airline Lufthansa for a minority stake with options to purchase the remaining shares at a later date.

Italy, along with the US, is the most important market for Lufthansa outside of its home market. Its importance for travel lies in its status as one of Europe’s top vacation destinations.

However, the German airline was not Italy’s first choice when it came to selling shares in ITA. Air France-KLM Group was its preferred option, but negotiations dried up.

Micro Recession For Germany

ECONOMY GERMAN FINANCE MINISTER, Christian Lindner, has revealed that the country faces a mild recession this year, despite feeling positive about 2023 and 2024 overall.

Although there is a small amount of uncertainty, Lindner says the economic outlook is improving. The country’s inflation reading for December came back lower than expected as it declined to 9.6 percent.

Lindner said the government is now focused on “strengthening the competitiveness” of its economy. He believes the German economy is resilient and expects to see opportunities for a faster recovery.