Oil prices jump on vaccine hopes, EU deal
LONDON: Oil rose on Tuesday, helped by positive news about vaccine trials and an EU stimulus deal, taking prices to levels last...
Coca-Cola revenue tumbles as lockdowns hammer soda sales
Coca-Cola Co reported a 28 per cent drop in adjusted quarterly revenue on Tuesday as sales of its sodas were battered by...
UAE’s Amal spacecraft rockets towards Mars in Arab world 1st
DUBAI:Â A United Arab Emirates spacecraft rocketed into blue skies from a Japanese launch centre on Monday at the start of a seven-month...
Counselling organisations helping students embark on int’l academic journey
The demands of academic life are considered to be increasingly stressful for students in higher education; they have to go through a...
When the US sneezes, the world catches a cold. What happens when it has severe Covid-19?
WASHINGTON: During a blue-sky moment in 2018 near the end of a decade-long economic expansion, it was the United States that helped...
Oil falls as virus infections rise, eyes on EU recovery plan
LONDON: Oil prices fell on Monday as coronavirus cases increased in many countries across the globe, but investors remained cautiously optimistic about...
India attracts $40bn FDI from US amid tensions with China
NEW YORK: India has attracted over $40 billion in Foreign Direct Investment (FDI) from the US, after the latest funding spree from...
US GDP to contract by 6.6pc in 2020: IMF
WASHINGTON: The US output is expected to contract by an annualised rate of 37 per cent in the second quarter and by...
Kuwait scrambles to boost coffers with up to $16 billion debt plan
KUWAIT: Kuwait plans to issue between 4 billion and 5 billion dinars ($13 billion to $16 billion) in public debt by the...
Germany’s Merkel warns of summit failure on EU recovery fund
BRUSSELS: European Union (EU) leaders toiled in search of a coronavirus stimulus deal for a third day on Sunday but German Chancellor...
At G20, Germany pledges 3 billion euros for poor countries
BERLIN: Germany pledged 3 billion euros ($3.4 billion) at a meeting of G20 finance ministers to help the world’s poorest countries, the...
Chinese ports hit capacity as virus tests slow clearing
BEIJING: Testing of imported food for the novel coronavirus is pushing capacity at some major Chinese ports to their limit, major shippers...
After rail, Iran set to drop India from key gas project
--Iran had last week dropped India from Chahbahar rail project, inking 25-year multi-billion-dollar deal with China
--New Delhi hopeful Tehran might engage India...
On eve of bankruptcy, US firms shower execs with bonuses
Nearly a third of more than 40 large companies seeking US bankruptcy protection during the coronavirus pandemic awarded bonuses to executives within...
Oil prices fall after OPEC+ agrees to ease output curbs
LONDON: Oil prices fell on Thursday after OPEC and other producers including Russia agreed to ease record supply curbs from August, though...