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Tata Motors' JLR raises £560 million from Chinese banks

China India city Mumbai city Shanghai
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MUMBAI : Jaguar Land Rover Automotive Plc’s subsidiary in China, Jaguar Land Rover (China) Investment Co. Ltd.

has raised GBP 560 million or $705 million from Chinese banks to shore up liquidity as it recovers in the pandemic-hit markets.“The China subsidiary has signed a RMB 5 billion (about £560 million) unsecured three-year revolving loan facility with a syndicate of five Chinese banks.

The loan is expected to be drawn from the week of 8 June 2020," the company said in an official statement on Friday.Global news reports suggest that the lenders include Bank of China, ICBC, China Construction Bank, Bank of Communications and Shanghai Pudong Development Bank.Tata Motors Ltd’s luxury car subsidiary also has a 50:50 joint venture with the.

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Coronavirus Task Force - Robert Redfield - George Floyd - Derek Chauvin - COVID-19 cases top 2 million in US, according to Johns Hopkins - fox29.com - Usa
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COVID-19 cases top 2 million in US, according to Johns Hopkins
RELATED: CoronavirusNOW.com, FOX launches national hub for COVID-19 news and updatesTens of thousands came together for demonstrations across the country and the world over the past weeks, most of which have been reported to be peaceful.Floyd, a 46-year-old out-of-work bouncer, died after a former police officer, Derek Chauvin, pressed his knee into Floyd’s neck for several minutes.Centers for Disease Control and Prevention Director Robert Redfield warned that the protests in the wake of George Floyd’s death could be a “seeding event” for coronavirus infections and urged participants to get tested as soon as they could.Redfield, who is also a member of the White House Coronavirus Task Force, said the agency is concerned its health message
Coronavirus Task Force Robert Redfield George Floyd Derek Chauvin Usa covid-19 infection
COVID-19
United States
United States
Cases: 46 252 513
Deaths: 750 423
Recovered: 0
India
India
Cases: 34 321 025
Deaths: 459 652
Recovered: 0
Brazil
Brazil
Cases: 21 835 785
Deaths: 608 235
Recovered: 0
United Kingdom
United Kingdom
Cases: 9 215 683
Deaths: 141 607
Recovered: 0
Russia
Russia
Cases: 8 494 589
Deaths: 237 619
Recovered: 0
Detail statistic
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Covid-19.rehab - the latest news concerning the spread of the SARS-CoV-2 coronavirus (formerly 2019-nCoV), as well as the infectious disease that it causes COVID-19, in separate countries and in the world as a whole. Current news on the topic of coronavirus SARS-CoV-2. Quarantine, pandemic 2020, epidemic: what is it, when will it come to end, precautions and how to protect yourself from this disease. The most honest news, no fakes! To keep up with the latest news, stay tuned for updates on the site! Every day we will collect news and statistics on coronavirus from around the world for you to be aware of this topic.

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