Oil hits highest in a year on growth hopes, OPEC+ cuts
LONDON: Oil hit its highest level in a year on Friday, closing in on $60 a barrel on economic revival hopes and...
US trade deficit jumps to 12-year high in 2020
WASHINGTON: The United States’ trade deficit surged to its highest level in 12 years in 2020 as the Covid-19 pandemic disrupted the...
Indian protests against agriculture reforms attract new supporters
BHAINSWAL: Thousands of farmers in a politically important Indian state on Friday rallied in opposition to new agricultural laws, signalling growing support...
US Treasury says wants to “understand deeply” GameStop frenzy before taking action
WASHINGTON: US Treasury Secretary Janet Yellen said on Thursday that before she and financial market regulators took any action, they needed to...
IMF warns of ‘uneven’ Mideast recovery with lopsided vaccine rollout
DUBAI: Economic recovery in the Middle East and North Africa is expected to accelerate this year following a double whammy shock, but...
McKinsey to pay $573 million to settle claims over opioid crisis role
NEW YORK: Consulting firm McKinsey & Co has agreed to pay at least $573 million to resolve claims by 40-plus U.S. states...
China’s FAW considers acquiring BMW partner Brilliance for about $7.2bn
FAW Group is looking at acquiring Brilliance China Automotive Holdings Ltd for about $7.2 billion in a two-stage deal that would see...
Sony raises outlook amid home entertainment boom, but struggles to build more PS5s
TOKYO: Japan’s Sony Corp raised its full-year profit outlook by one-third, helped by pandemic-fuelled demand for games, movies and other content, but...
Tiktok strengthens content review with new pre-share prompts
TikTok will flag unverified content to users before they share it, the video-sharing app said on Wednesday, the latest effort to combat...
Alphabet’s Google posts record sales as retailers shell out for ads
Google parent Alphabet Inc on Tuesday topped quarterly sales expectations for its advertising and Cloud businesses, helped in part by the pandemic,...
Oil rises on falling crude stocks, demand hopes on stimulus and vaccine rollouts
MELBOURNE: Oil rose in early trade on Wednesday on expectations global oil stocks will fall back to more normal levels this year...
Amazon scores Indian win as court freezes Future’s $3.4bn retail deal
NEW DELHI: An Indian court blocked Future Group’s sale of a swathe of assets to rival Reliance Industries on Tuesday after Amazon...
Oil prices hit near 12-month highs as producers restrain output
LONDON: Oil prices rose more than 2pc on Tuesday, hitting near 12-month highs after major crude producers showed they were reining in...
Pfizer sees about $15bn in 2021 sales from Covid-19 vaccine
Pfizer Inc on Tuesday forecast sales of about $15 billion from the coronavirus vaccine that it is making along with German partner...
Silver dealers scramble to find supplies for retail buyers
SINGAPORE: A retail investment frenzy in silver driven by social media has left dealers from the United States to Singapore scrambling for...