International

The World Bank has revised its 2023 economic growth projection for the oil exporters of the six-member Gulf Cooperation Council (GCC) downwards to 3.2 per cent in its latest update released on ...

The United States and Microsoft Corp (MSFT.O) reached a settlement on Thursday over the tech firm’s apparent violations of sanctions and export controls, which it disclosed voluntarily, the ...

Shares of Airbnb Inc (ABNB.O) fell as much as 6 per cent on Thursday after an online independent publication released a report that probed unpleasant experiences that customers had during ...

The collapse of crypto exchange FTX and its grant-making body, the FTX Future Fund, has left some researchers at top universities without the funds they were promised and others trying ...

Sibur, the largest producer and exporter of liquefied petroleum gas (LPG) in Russia, redirected exports to Africa, the Middle East and Asia in the past three months, industry sources said. ...

The Russian government on Wednesday said it had approved a deal for Spain’s Inditex (ITX.MC) to sell its Russian business to a UAE-based buyer, with some of its ...

Oil remained on track for weekly gains on Thurday, with further production cuts targeted by OPEC+ and a drop in US oil inventories overshadowing fears over global economic growth. Brent ...

Global trade growth in 2023 will slow to 1.7 per cent, the World Trade Organization (WTO) said in its annual trade statistics and outlook report, published on Wednesday. The volume of world ...

Exxon Mobil Corp’s (XOM.N) Low Carbon business has the potential to generate hundreds of billions of dollars in revenue and outperform the company’s traditional oil and gas ...

Walmart Inc (WMT.N) on Tuesday said it expects about 65 per cent of its stores to be serviced by automation by the end of its fiscal year 2026, just days after ...

Dogecoin’s Shiba Inu dog replaced Twitter’s blue bird as the social media company’s logo on Monday, helping the meme coin add as much as $4 billion to its ...

European banks are increasingly turning to bespoke deals with investors such as hedge funds to offload some of the risk on multi-billion euro loan portfolios and improve their financial strength, ...

Johnson & Johnson (JNJ.N) has agreed to pay $8.9 billion to settle tens of thousands of lawsuits alleging that talc in its iconic Baby Powder and other products caused cancer, ...

Alphabet Inc’s (GOOGL.O) Google released on Tuesday new details about the supercomputers it uses to train its artificial intelligence models, saying the systems are both faster and more ...

UBS Group AG (UBSG.S) will on Wednesday seek to reassure shareholders that its unexpected takeover of rival Credit Suisse Group AG (CSGN.S) in the biggest bank rescue since ...

Bahrain on Monday said it was introducing a new “golden licence” offering benefits to companies bringing large-scale investment projects to the small Gulf state as it seeks to reduce its ...

Banks are overly reluctant to tap their cash buffers in volatile markets, fearing adverse reaction from regulators and markets, and changes to the rules may be needed, the Bank of ...

Even as bitcoin flies high, investors are keeping their options open, judging by a record race to derivatives. Open interest for bitcoin options and futures has spiked over the past ...

Mumbai resident Shivam Vahia cannot remember the last time he left home to shop. He spends about 30,000 rupees ($364) a month buying necessities like groceries, clothes and gadgets, all by tapping ...

In separate speeches last year, the leaders of France and Germany warned their citizens of hard times ahead as the global economy encountered challenges ranging from trade conflicts through to ...

Oil prices posted gains in Asian trade on Tuesday after OPEC+ plans to cut more production jolted markets the previous day, with investors’ attention shifting to demand trends and the ...

Credit Suisse (CSGN.S) will face shareholder anger on Tuesday at what will be its final annual general meeting after the bank was rescued last month by Swiss rival UBS (...

A surprise production cut by Saudi Arabia and other Middle East producers has caught the energy industry flat-footed and will lift global prices with little room for a coordinated response ...

Mitsubishi UFJ Financial Group Inc (8306.T) will postpone the issuance of Additional Tier-1 (AT1) bonds to mid-May or later from late April, a spokesperson said on Monday, after the Swiss ...