UK to seek new powers to scrutinise foreign takeovers
LONDON: Britain will seek changes to the law to allow scrutiny of some foreign takeovers to ensure they do not threaten the...
Inflation dog may finally bark, investors bet
LONDON: Gold, forests, property stocks, inflation-linked bonds - these are just some of the assets investors are pouring money into on the...
US current account deficit edges down; Covid-19 curbs trade
WASHINGTON: The US current account deficit dipped to a near two-year low in the first quarter as the Covid-19 pandemic restricted the...
Saudi Arabia to lift nationwide curfew, resume economic activities from Sunday
Restrictions will remain, however, for religious pilgrimages, int'l travel and social gatherings of more than 50 people
Oil tops $42 as OPEC+ laggards pledge better compliance
LONDON: Brent oil rose to above $42 a barrel on Friday, adding to gains in the previous session, after OPEC producers and...
Chinese vaccine may not be ready for sale until at least 2021: state media
BEIJING: A coronavirus vaccine candidate China is developing may not be ready for sale until at least 2021, as researchers struggle to...
Trump renews threat to cut ties with Beijing, a day after high-level US-China talks
WASHINGTON: United States (US) President Donald Trump on Thursday renewed his threat to cut ties with China, a day after his top...
India tells two state firms not to use China telecoms gear
New Delhi's move comes amid a backlash against companies from China after the killing of 20 Indian soldiers by Chinese forces
Oil falls on fears of more Covid-19 cases
LONDON: Oil prices fell on Wednesday on fears about fresh outbreaks of Covid-19 but prices drew some support from stimulus measures and...
Global corporate default rate to reach 9.5pc by February 2021: Moody’s
NEW YORK: The trailing 12-month global speculative-grade default rate climbed to 4.7 per cent in May, up from 4.1 per cent in...
Steroid drug hailed as ‘breakthrough’ in Covid-19 as trial shows it saves lives
LONDON: A cheap and widely-used steroid called dexamethasone has become the first drug shown to be able to save lives among Covid-19...
No immediate improvement in oil demand this year: IEA
PARIS: Global demand for oil is yet to show a pick up – latest estimates reckon that it would drop by about...
Global FDI to contract by 40pc this year: UNCTAD report
GENEVA: Global foreign direct investment (FDI) flows are forecast to decrease by up to 40pc in 2020, and further by 5pc to...
Oil prices up 4pc on supply cuts, improving demand
IEA forecast oil demand at 91.7 million barrels per day in 2020, 500,000bpd higher than its estimate in May's report
Facebook’s WhatsApp brings digital payment to users in Brazil
NEW YORK: Facebook Inc’s WhatsApp messaging service rolled out a system across Brazil on Monday that will allow users to send money...