Oil steadies on resurgence of virus cases
LONDON: Oil prices steadied on Friday but were still set for weekly declines as inventories rose and record-breaking new coronavirus cases in...
India suspends release of industrial output data for lockdown period
But unofficial calculations based on available data reveal industrial output contracted 34.7pc in May
US finalising federal contract ban for companies that use Huawei, others
As per the regulations, any US company that uses products from five Chinese companies, including Huawei, Hikvision and Dahua, will be banned
ADB collaborates with WHO to expand healthcare, contain Covid-19 across Asia
MANILA: The Asian Development Bank (ADB) on Thursday strengthened its partnership with the World Health Organisation (WHO) recognising that increased collaboration is...
Oil dips as coronavirus fears offset gasoline recovery signs
LONDON: Concerns about renewed coronavirus lockdowns in the United States outweighed signs of a recovery in US gasoline demand on Thursday to...
Covid-19 pandemic plunges working world into crisis: ILO
GENEVA: Global leaders called for a comprehensive approach to counter the impact of the coronavirus pandemic, which International Labour Organization chief Guy...
‘Weaponized’ Facebook fails to protect civil rights, audit says
Facebook has not done enough to protect users from discrimination, falsehoods and incitement to violence, an external civil rights audit found on...
Iran’s oil storage almost full as sanctions and pandemic weigh
LONDON: Iran has slashed crude oil production to its lowest level in four decades as storage tanks and vessels are almost completely...
Oil slips as US virus spike stokes demand worries
LONDON: Oil prices edged lower on Tuesday amid concerns that a surge in new coronavirus cases, especially in the United States, will...
UAE banks can withstand shocks of any size: central bank
DUBAI: The United Arab Emirates Central Bank said on Tuesday the country’s banking sector can withstand any scale of shock as banks...
Kenya uses app in battle against desert locusts
LORUGUM: Lorugum village in northwest Kenya is under siege. Hundreds of thousands of young desert locusts perch on trees, shrubs, and in...
Big Four told to ring fence auditing in Britain by June 2024
LONDON: PwC, Deloitte, KPMG and EY should ring fence auditing in Britain as a separate business by June 2024, their regulator said...
Oil mixed on tighter supply, surge in US virus cases
LONDON: Oil prices were mixed on Monday, with Brent crude edging higher on tighter supplies and positive economic data, while US benchmark...
Uber to buy Postmates in $2.65bn stock deal, expands food-delivery reach
The company looks to expand its reach in the food-delivery services arena as more people order at home due to coronavirus-led restrictions
UK minister says Huawei must meet conditions for involvement in 5G network
LONDON: China’s Huawei has clear conditions to meet for Britain to continue to allow its involvement in the development of 5G telecoms...