IMF flags debt restructuring hurdles for distressed economies Managing Director Kristalina Georgieva's comments come on sidelines of G20 meeting Updated 25 Feb, 2023 05:19pm
Business & Finance China’s new home prices rise in Jan for first time in a year BEIJING: China’s new home prices rose in January for the first time in a year, official data showed on Thursday, as... Published 16 Feb, 2023 10:54am
Markets World Bank chief David Malpass to step down early WASHINGTON: World Bank chief David Malpass announced Wednesday he would step down nearly a year early, ending a... Published 16 Feb, 2023 09:48am
Markets Oil slips as US inventory rise offsets China hopes LONDON: Oil slipped on Wednesday, adding to a decline in the previous session, as a rise in U.S. crude inventories... Updated 25 Jan, 2023 04:34pm
Business & Finance India may peg nominal GDP growth at about 11% in 2023/24 budget India is likely to peg its nominal gross domestic product (GDP) growth at around 11% in the annual budget next week,... Published 24 Jan, 2023 10:54am
Technology India’s auto show set to feature electric cars, scooters NEW DELHI: Electric cars, scooters and trucks are expected to take centre stage at India’s biennial car show which... Published 11 Jan, 2023 09:34am
World China Covid surge not expected to ‘significantly impact’ Europe: WHO COPENHAGEN: The World Health Organization said on Tuesday it did not expect a surge of Covid-19 cases in China to... Published 10 Jan, 2023 05:27pm
Business & Finance BMW Group sales down 4.8% in 2022 on supply bottlenecks, China lockdowns BERLIN: The BMW Group delivered just under 2.4 million vehicles in 2022, down 4.8% from the year before, with brand... Published 10 Jan, 2023 02:38pm
World England rushes to discharge hospital patients to ease bed-blocking crisis LONDON: England’s National Health Service (NHS) aims to begin discharging thousands of patients into care homes and... Published 09 Jan, 2023 12:07pm
World Airlines slam ‘ineffective’ Covid tests for China travellers PARIS: The global airline association criticised on Wednesday decisions by governments to impose Covid tests and... Published 04 Jan, 2023 04:57pm
World China pledges ‘final victory’ over COVID as outbreak raises global alarm BEIJING: Global health officials tried to determine the facts of China’s raging COVID-19 outbreak and how to prevent... Published 04 Jan, 2023 03:24pm
Business & Finance Dubai scraps 30% tax on alcohol sales amid economic rebound DUBAI: Dubai has suspended a tax of 30% on alcohol and dropped a licence fee previously needed to buy alcohol in the... Published 02 Jan, 2023 01:08pm
World No spending spree likely in last full Indian budget before 2024 election BENGALURU: The Indian government will focus on fiscal consolidation in its Feb. 1 budget, the last full one before a... Published 22 Dec, 2022 10:12am
World World Bank says remittances up 5% in 2022, but growth to slow to 2% next year WASHINGTON: Remittances to low- and middle-income countries grew by nearly 5% to around $626 billion in 2022 - about... Published 30 Nov, 2022 08:35pm
Business & Finance Sri Lanka’s debt to China close to 20% of public external debt LONDON/JOHANNESBURG: Sri Lanka owed Chinese lenders $7.4 billion - nearly a fifth of its public external debt - by... Published 30 Nov, 2022 12:13pm
World Australian ex-PM censured over secret ministry posts SYDNEY: Australia’s parliament on Wednesday censured ex-prime minister Scott Morrison for secretly appointing... Published 30 Nov, 2022 10:06am
World China tightens security after rare protests against COVID curbs SHANGHAI/BEIJING: Police on Monday stopped and searched people at the sites of weekend protests in Shanghai and... Published 28 Nov, 2022 06:36pm
World Australian government moves to censure former prime minister over secret ministries SYDNEY: Australia’s Labor government said it will move a parliamentary censure motion against former Liberal prime... Published 28 Nov, 2022 11:07am
World Xi says China to consider holding Belt & Road Forum in 2023 BEIJING: Chinese President Xi Jinping said on Friday that China would consider hosting the third Belt & Road... Published 18 Nov, 2022 02:09pm
World G20: Bali preps for everything from security risks to tsunamis NUSA DUA: Indonesia on Tuesday will host the G20 leaders’ summit, gathering the globe’s most powerful figures... Published 13 Nov, 2022 10:29am
Opinion Lower oil prices defy robust forecasts for global demand Oil prices have tumbled by around a quarter in the past three months, largely due to fears of a prolonged slump in... Published 17 Sep, 2022 04:27am
World Xi to meet Putin in first trip outside China since Covid began LONDON/BEIJING: Xi Jinping will leave China for the first time in more than two years for a trip this week to ... Published 12 Sep, 2022 06:01am
Markets IMF calls for EU fiscal capacity, rules to be linked to risk BRUSSELS: The European Union should set up a fiscal capacity to pay for EU public goods, link the pace of debt cuts... Published 05 Sep, 2022 12:37pm
Business & Finance Sterling steadies after bruising week, markets await new PM LONDON: The pound steadied on Friday as some calm returned at the end of a bruising week in which concerns about the... Published 05 Sep, 2022 06:04am
Opinion Reimagining globalisation Recent years have been witness to the world being rocked by unforeseen and unimaginable global catastrophes. The... Published 17 Jul, 2022 05:19am
World Maskless pilgrims launch largest Hajj of Covid era MAKKAH: The biggest hajj pilgrimage since the Covid pandemic began kicked off Wednesday, with hundreds of thousands... Published 07 Jul, 2022 07:36am
Business & Finance Euro corporate bonds set for worst weekly loss since March 2020 LONDON: Euro corporate bonds were set on Friday for their biggest weekly total loss since the height of the market... Published 20 Jun, 2022 05:51am
World Trump’s ‘Big Lie’ comes to big screen, makes box office splash WASHINGTON: A new movie that pushes dubious and widely debunked conspiracy theories to bolster Donald Trump’s ... Updated 06 Jun, 2022 06:19am