White House says US-China trade deal among issues in broad review
WASHINGTON: The Biden administration will review all national security measures put in place by former President Donald Trump, including the US-China Phase...
Oil rises but remains rangebound as OPEC cuts offset virus fears
SINGAPORE: Oil prices edged up on Friday but traded in a tight range as demand concerns caused by new coronavirus variants and...
J&J vaccine adds to Covid-19 armoury with 66pc global trial efficacy
Johnson & Johnson said on Friday that its single-dose vaccine was 66pc effective in preventing Covid-19 in a large global trial against...
New Toyota tech unit promises world’s safest drive
TOKYO: Toyota Motor Corp unveiled its Woven Planet research unit at a virtual media event on Friday, promising to deliver the world’s...
Hyundai wrestles with the risks of embracing Apple
SEOUL/SAN FRANCISCO: Executives in Hyundai Motor Co Group are divided over a potential tie-up with Apple Inc, with some raising concerns about...
Oil little changed as weaker dollar offsets demand worries
NEW YORK: Oil was steady on Thursday as the impact of a weaker dollar and big US crude inventory drawdown offset concerns...
First flashes of Brexit trade trouble appear in UK data
LONDON: Early signs of disruption caused by Britain’s shift to its new, less open trading relationship with the European Union are emerging...
Toyota beats Volkswagen to become World’s No.1 car seller in 2020
TOKYO: Japan’s Toyota Motor Corp overtook Germany’s Volkswagen in vehicle sales last year, regaining pole position as the world’s top selling automaker...
US economy likely logged its weakest performance in 74 years in 2020
WASHINGTON: The US economy likely contracted at its sharpest pace since World War Two in 2020 as COVID-19 ravaged services businesses like...
Oil above $56 as lower US stockpiles outweigh Covid and demand concerns
LONDON: Oil rose above $56 a barrel on Wednesday after industry data showed US crude inventories fell unexpectedly, outweighing persistent concerns about...
‘Crazy and evil’: Bill Gates surprised by pandemic conspiracies
LONDON: Microsoft co-founder turned philanthropist Bill Gates says he has been taken aback by the volume of “crazy” and “evil” conspiracy theories...
Starbucks sales miss as virus spike keeps customers at home
NEW YORK: Starbucks Corp has reported a larger-than-expected fall in quarterly sales as the renewed surge in coronavirus cases in the United...
Saudi Arabia hosts ‘Davos In Desert’ amid pandemic
RIYADH: Saudi Arabia will host a two-day Davos-style investment forum starting Wednesday, with dozens of global policymakers and business tycoons lined up to speak...
Oil prices tick up with European shares amid Saudi blast reports
LONDON: Oil prices ticked up on Tuesday alongside rising European shares and amid reports of a blast in Saudi Arabia, trading near...
IMF lifts global growth forecast for 2021, still sees ‘exceptional uncertainty’
IMF predicts global growth of 5.5pc in 2021, an increase of 0.3 percentage points from the October forecast, citing expectations of a vaccine-powered uptick later in the year