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Embattled Air India seeks ‘urgent’ loan

MUMBAI: Air India has announced it is seeking an urgent multi-million-dollar loan to maintain day-to-day operations, highlighting the wretched financial predicament of the country's debt-stricken national carrier. In a statement posted…

Toys’R’Us winds down business

The British arm of troubled retailer Toys'R'Us is winding down its activities, administrators said Wednesday, as the US firm faces pressure from rival stores and online giant Amazon. It means up to 3,200 jobs are at risk and comes as…