Kia, Hyundai recall 3.37mn US vehicles over fire risks
Hyundai (005380.KS) and Kia (000270.KS) are recalling a combined 3.37 million vehicles in the United States due to the risk of engine fires, telling owners...
Banks behind 70% jump in greenwashing incidents in 2023 -report
The number of instances of greenwashing by banks and financial services companies around the world rose 70% in the past 12 months...
Dubai’s public parking company to raise $429mn in IPO
Price range for Parkin Co. set at 2 dirhams to 2.10 dirhams per share
India Froze Paytm Bank after years of warnings about data flows
India’s banking regulator stunned the finance and tech industries by abruptly suspending much of digital giant Paytm’s business late Wednesday. But the surprise...
Elon Musk announces plans to open source Grok, challenging ChatGPTÂ
Musk's decision reflects a broader division within the tech community regarding how artificial intelligence should evolve
Dubai imposes 20% tax on foreign banks
Foreign banks operating in the Dubai International Financial Centre are excluded from the tax
Egypt signs $8 billion loan deal with IMF
Country implements biggest-ever interest-rate hike and allows its currency to weaken more than 38%
Oil rises almost 2% as markets await OPEC+ decision
Oil prices rose on Friday and were set for weekly gains as markets awaited an OPEC+ decision on supply agreements for the...
Air travel boom creates crosswinds for air cargo
Air cargo enjoyed record demand when COVID-19 closed borders and snarled supply chains. Now, it is reeling from overcapacity and tumbling freight...
India’s fuel demand surges 5.7% due to booming economy
Diesel sales rise by 6%, attributed to heightened factory operations and a rising demand for truck transportation
India inks $100bn trade deal with EFTA bloc
Agreement seeks to foster economic growth and job creation through increased exports and investments
China forex reserves fall to $3.115tr in September
China's foreign exchange reserves fell more than expected in September, official data showed on Saturday, as the U.S. dollar rose against other...
Oil prices steady as markets shuffle back from supply jitters
Oil prices held steady on Wednesday after rising over 1% in the previous session, on a stronger dollar and as investors remained...
Saudi Arabia hikes oil prices for Asia, lowers for EuropeÂ
Prices for sales to the US kept unchanged
Binance CEO pleads guilty, resigns in $4.3bn US settlement
Changpeng Zhao, also known as CZ, admitted to facilitating transactions with terrorist groups, child abuse websites, and ransomware hackers