UK agrees more time for EU to ratify post-Brexit pact
BRUSSELS: The UK government agreed Tuesday to allow the European Union more time to formally ratify the post-Brexit trade deal which came...
Sheikh Yamani, mastermind of Saudi oil supremacy, dies at 90
DUBAI: Saudi Arabia’s Sheikh Zaki Yamani, the embodiment of the ascent of Arab petroleum power and the face of the 1973 oil...
Bitcoin plummets as doubts grow over sky-high valuation
LONDON/SINGAPORE:Â Bitcoin plummeted as much as 17pc on Tuesday as investors grew nervous at sky-high valuations, triggering the liquidation of leveraged bets and...
Oil rises on positive forecasts, slow US output restart
LONDON: Oil prices rose on Tuesday, underpinned by the likely easing of Covid-19 lockdowns around the world, positive economic forecasts and lower...
How rich is Saudi Arabia? Kingdom does the math in balance sheet overhaul
DUBAI: Saudi Arabia wants to demystify its finances.
The kingdom is working on creating a consolidated balance sheet of its assets and liabilities...
Tesla rival Lucid Motors to go public in $11.8bn blank-check merger
NEWARK: Luxury electric vehicle maker Lucid Motors on Monday agreed to go public by merging with blank-check firm Churchill Capital IV Corp...
Goodyear to buy Cooper Tire for $2.8bn, doubling China presence
Goodyear Tire & Rubber Co said on Monday it would acquire Cooper Tire & Rubber Company for about $2.8 billion to double...
Bitcoin slips sharply from record highs
LONDON: Bitcoin fell sharply on Monday after surging to a record $58,354 a day earlier, as a selloff in global equities curbed...
Oil rises as US output slowly returns after winter storms
TOKYO: Oil prices rose on Monday as the slow return of US crude output cut by frigid conditions raised concerns about supply,...
Engine failure: Boeing recommends airlines suspend use of some 777 jets
DENVER: Boeing Co has recommended suspending the use of 777 jets with the same type of engine that shed debris over Denver...
G7 leaders commit $4.3bn to finance global equitable access to tests, treatments and vaccines in 2021
NEW YORK:Â Commitments made at the Virtual G7 leaders meeting signalled significant progress in the global response to the Covid-19 pandemic with an...
Saudi Arabia to invest more than $20bn in its military industry over next decade
DUBAI:Â Saudi Arabia will invest more than $20 billion in its domestic military industry over the next decade as part of aggressive plans...
The Atlantic report debunks Chinese loan trap ‘myth’
China’s extension of loans in pursuit of geopolitical influence is an experimental learning process to develop efficient business strategies as it moves...
Bitcoin, ether hit fresh highs
SINGAPORE: Bitcoin hit a fresh high in Asian trading on Saturday, extending a two-month rally that saw its market capitalisation cross $1...
Apple seeks engineers to develop 6G connectivity
ISLAMABAD: Apple launched its first iPhones with 5G wireless speeds just a few months ago and now it’s looking to start work...