British ministers head to the GCC for talks on new trade deal
Britain’s new trade ministers visited the Gulf region on Monday in a first joint visit for talks on a possible trade deal, the government said.
Trade secretary Jonathan Reynolds and minister for trade policy Douglas Alexander will meet their counterparts from the GCC region, which comprises...
UN food agency looks for $400 mln to feed millions in southern Africa
The U.N. World Food Programme (WFP) needs $400 million to feed millions of people in Southern Africa following a drought that plunged parts of the region into hunger, the programme said on Wednesday.
The...
Navigating Currency Fluctuations: Strategies for International Businesses
Understanding Currency Fluctuations
Currency fluctuations refer to changes in the value of one currency relative to another. These fluctuations are influenced by factors such as economic indicators, interest rates, political events, and market speculation....
UAE, Australia reach trade deal to boost exports, investment
The UAE has reached a trade agreement with Australia that is expected to boost shipments of agricultural products and resources, as well as provide Abu Dhabi with greater access to investment in green energy and...
UBS reaches milestone in Credit Suisse absorption as parent companies merge
UBS (UBSG.S), opens new tab on Friday completed the merger of the main parent companies of the Swiss bank and Credit Suisse, which it acquired last year after its longtime rival collapsed, putting an end...
One-fifth of GCC expats saving nothing – poll
Nearly half of the GCC workforce has less than US$5,000 in savings, while more than one-in-five do not save at all, according to a survey revealing the “rather low” level of savings in...
Support gathers for controversial New York bill on sovereign debt ahead of legislature return
A number of former heads of state and policy makers have urged New York State lawmakers to push ahead with a bill that would alter the legal landscape governing over $800 billion in sovereign bonds from emerging markets ahead of the May 6 return of the state's legislature.
The Sovereign Debt Stability Act, opens new tab aims to provide a sovereign debt restructuring mechanism by changing the state law governing about half of emerging market international bond contracts. If enacted, the bill would empower countries eligible for debt relief initiatives such as the G20's Common Framework to opt between a set mechanism for restructuring or a process that would limit bondholders' claims to those...
British ministers head to the GCC for talks on new trade deal
Britain’s new trade ministers visited the Gulf region on Monday in a first joint visit for talks on a possible trade deal, the government...
Second global AI summit secures safety commitments from companies
Sixteen companies at the forefront of developing Artificial Intelligence pledged on Tuesday at a...
Canada’s Trans Mountain bets on last-minute oil shippers on high-cost pipeline
Canada's Trans Mountain oil pipeline will rely heavily on last-minute shippers to turn a profit, the corporation's financial projections show, clouding Ottawa's efforts to sell the pipeline now that its C$34.2 billion ($25.04...
Top Stories
UAE, Australia reach trade deal to boost exports, investment
The UAE has reached a trade agreement with Australia that is expected to boost shipments of agricultural products and resources, as well as provide Abu Dhabi with greater access to investment in green...
FDIC chair Gruenberg says he will step down once successor is announced
U.S. Federal Deposit Insurance Corp Chair Martin Gruenberg said on Monday he planned to step down, finally succumbing to...
Billionaires’ wisdom: 10 inspiring quotes from the world’s richest men
The world’s richest billionaires come from varied backgrounds, industries,...
Saudi Arabia’s real GDP shrinks by 0.3% in Q2 2024, oil weighs
Saudi Arabia’s economy contracted by 0.3 per cent in...
AD Ports Group refinances $2.25bn debt, cuts borrowing costs
AD Ports Group has refinanced a $2.25bn syndicated loan,...
Lebanon, UAE and Saudi Arabia dominate list of influential Arabs
Lebanon has contributed the most names to the 2012...
Canada’s RBC, CIBC post bigger-than-expected profits on capital markets strength
Royal Bank of Canada (RBC) (RY.TO), opens new tab said on Thursday the investment banking environment looked promising after the country's biggest bank surpassed profit expectations,...
Saudi Arabia sets up new Aramco share sale that could raise $13.1 billion
Saudi Arabia's government on Thursday filed papers to sell a new stake in state oil giant Aramco (2222.SE), opens new tab that could raise as much...
Is the U.S. technology sector ripe for a spin cycle?
Big tech companies currently have several good reasons to spin off portions of their businesses into standalone public entities. Unlocking hidden shareholder value, reducing...
IBA president Kremlev defends divisive prize money scheme despite IOC pushback
The International Boxing Association's (IBA) plans to offer prize money to medallists at the Paris Games could widen the rift in the governance of amateur boxing...
EU agrees to quit energy investment treaty over climate concerns
European Union countries unanimously agreed on Thursday to quit an international energy treaty over concerns that it protects fossil fuel investments and undermines efforts...
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