Oil prices drop on prospect of returning Libyan supplies
LONDON: Oil prices slipped on Tuesday amid rising Covid-19 cases and a possible return of Libyan oil production, which has been down...
Shell to write down up to $22 billion after coronavirus hit
LONDON: Royal Dutch Shell said on Tuesday it would write off assets worth up to $22 billion after the coronavirus crisis knocked...
India bans 59 mostly Chinese apps amid border crisis
NEW DELHI: India on Monday banned 59, mostly Chinese, mobile apps including Bytedance's TikTok and Tencent's WeChat in its strongest move yet...
Oil mixed on improving economic data, uptick in virus cases
LONDON: Oil prices were mixed on Monday, supported by improving economic data and supply cuts by major producers, but held in check...
Amazon to pay $500m in one-time bonuses to Covid-19 front-line workers
Amazon.com Inc said on Monday it would spend $500 million on one-time bonuses to its front-line employees and partners working through the...
Germany to sever ties with accounting watchdog after Wirecard scandal
BERLIN: The German government plans to terminate its contract with the country’s accounting watchdog after payments company Wirecard filed for insolvency last...
Facebook ad boycott campaign to go global, organisers say
Organisers of a Facebook Inc advertising boycott campaign that has drawn support from a rapidly expanding list of major companies are now...
180,000 foreign workers repatriated from Abu Dhabi in three months
ABU DHABI: In recognition of workers' contribution to the country, the Abu Dhabi government said on Sunday that it has prioritised the...
Global Covid-19 fundraising meeting raises $6.9 billion, leaders want vaccine for all
BRUSSELS: A global fundraising meeting on Saturday raised 6.15 billion euros ($6.9 billion) from the United States, the European Commission and numerous...
Uber’s Middle East business Careem sees ride-hailing recovery next year
DUBAI: Careem, a unit of Uber Technologies, expects ride-hailing demand to recover to pre-pandemic levels “sometime” in 2021, encouraged by a better-than-expected...
Locusts invade satellite city of India’s capital
NEW DELHI: Desert locusts on Saturday invaded Gurugram, a satellite city of India’s capital New Delhi, prompting authorities to ask people to...
India to end central control of gas prices, lift LNG transport use
NEW DELHI: India will gradually end central controls on gas pricing as it seeks to attract foreign investment and technology to lift...
L’Oreal to drop words such as ‘whitening’ from skin products
LONDON: L’Oreal, the world’s biggest cosmetics company, will remove words referencing “white”, “fair” and “light” from its skin-evening products, a spokeswoman said...
Gold on course for third weekly gain as coronavirus cases spike
Gold prices edged up on Friday en route to a third straight weekly gain, as a spike in coronavirus cases dashed hopes...
India’s auto and pharma sectors not ready to wean off China
NEW DELHI: Days after a border clash with China this month in which 20 Indian soldiers were killed, New Delhi told firms...