‘Bad math’: Airlines’ Covid safety analysis challenged by expert
PARIS: A campaign by coronavirus-stricken aviation giants to persuade the world it’s safe to fly has been questioned by one of the...
Covid-19 may inflict a decade of economic pain to Mideast, Central Asia: IMF
DUBAI: It might take countries in the Middle East and Central Asia a decade to return to the economic growth seen before...
OPEC+ to discuss weakening oil demand outlook
LONDON: Oil producer group OPEC+ will meet on Monday to discuss the weakening demand outlook in the face of rising coronavirus infections...
India asks at least eight state-run firms to consider buybacks
NEW DELHI: India has asked at least eight state-run companies to consider share buybacks in the fiscal year that runs through March...
EU set to gain WTO clearance for US tariffs next week
BRUSSELS: The European Union should gain formal clearance next week to impose tariffs on $4 billion of annual U.S. imports in a...
Japan to join forces with US, Europe in regulating Big Tech firms
TOKYO: Japan will join forces with the United States and Europe to take on any market abuses by the four Big Tech...
China passes export-control law following US moves
SHANGHAI: China passed a law restricting exports of controlled items, allowing the government to act against countries that abuse export controls in...
China gives Shenzhen more autonomy for market reform, integration
SHANGHAI: China on Sunday detailed steps to grant more autonomy to Shenzhen, letting the southern financial and technology hub pilot reforms in...
UK govt says ‘well prepared’ for no-deal Brexit, even as businesses sound alarm
LONDON: Michael Gove, the minister handling Brexit divorce issues for Britain, said on Sunday that the UK is “increasingly well-prepared” for a...
Turkey lifts Black Sea gas field estimate after new find
ISTANBUL: Turkey has raised the estimated reserves in a gas field off its Black Sea coast to 405 billion cubic metres after...
Amid tensions with China, India warns Amazon, Flipkart over country of origin rule
MUMBAI: The Indian government has warned Amazon.com’s local unit and Walmart’s Flipkart that sellers on their platforms are not complying with a...
China’s experimental Covid-19 vaccine costs $60
BEIJING: A Chinese city is offering Sinovac Biotech’s experimental Covid-19 vaccine to essential workers and other high-risk groups as part of a...
China’s central bank changes laws for commercial banks
BEIJING: China’s central bank has issued draft revisions to its commercial bank law enacted 25 years ago, expanding application of the law...
Moody’s downgrades UK as Covid-19 and Brexit hit debt outlook
LONDON: Ratings agency Moody’s cut the United Kingdom’s debt rating on Friday over the huge economic hit from the coronavirus crisis, Brexit...
Coronavirus spending pushes US 2020 fiscal year deficit to record $3.132tn
WASHINGTON: The U.S. budget deficit hit a record $3.132 trillion during fiscal 2020, more than triple the 2019 shortfall due to massive...