News Archives for World - 2022-07-27

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World - 2022-07-27

USA

Fed opts for 75-basis-point rate hike, flags weakening economic data

FOMC says it remains 'highly attentive' to inflation risks

Updated 28 Jul, 2022 12:24am

South Asia

China to address ‘unbalanced and inadequate’ development in next five years: Xi

BEIJING: China must focus on addressing “unbalanced and inadequate development” in the next five years, President Xi...

Published 27 Jul, 2022 09:57pm

USA

Biden tests negative for Covid after completing treatment: W.House

WASHINGTON: US President Joe Biden has had two negative Covid-19 tests and no longer needs to isolate after...

Published 27 Jul, 2022 07:31pm

USA

US goods trade deficit narrows sharply in June; inventories increase

WASHINGTON: The US trade deficit in goods narrowed sharply in June amid a surge in exports, which could potentially...

Published 27 Jul, 2022 07:15pm

Energy

G7 aim to have price cap on Russian oil in place before Dec 5

BRUSSELS: The Group of Seven richest economies aim to have a price-capping mechanism on Russian oil exports in place...

Published 27 Jul, 2022 06:42pm

Middle East

Jordan’s king to Israeli PM: Palestinians must join regional projects

AMMAN: Jordan’s king told Israel’s visiting prime minister on Wednesday that Palestinians should be part of...

Updated 27 Jul, 2022 07:00pm

Middle East

UAE and Iran discuss boosting ties ahead of possible ambassador return

DUBAI: The Emirati and Iranian foreign ministers have held a telephone conversation and discussed boosting ties, UAE...

Published 27 Jul, 2022 05:22pm

South Asia

China closely tracking debris of its most powerful rocket

BEIJING: China is closely tracking the remnants of a Long March 5B rocket launched over the weekend, but the chances...

Published 27 Jul, 2022 05:05pm

South Asia

Iran says probing claimed Pakistani airline near-miss

TEHRAN: Iran is investigating a claim of a near-miss in its airspace between two Pakistani passenger jets due to...

Published 27 Jul, 2022 03:42pm

Europe

Ukraine hits key Russian-held bridge in Kherson

MOSCOW: Ukrainian forces hit a key Russian-held bridge overnight in the occupied southern city of Kherson during a...

Published 27 Jul, 2022 01:42pm

South Asia

Singapore extends stay of Sri Lanka’s Rajapaksa

COLOMBO/SINGAPORE: Singapore has permitted former Sri Lankan president Gotabaya Rajapaksa to stay in the island...

Published 27 Jul, 2022 11:56am

Europe

Ukrainian president nominates lawmaker from own party as prosecutor general

KYIV: Ukrainian President Volodymyr Zelenskiy has nominated Andriy Kostin, a lawmaker from the president’s Servant...

Published 27 Jul, 2022 11:52am

Europe

Lufthansa ground staff start walkout in Germany in pay dispute

BERLIN: Ground staff of Deutsche Lufthansa went on a strike early on Wednesday, prompting the cancellation of more...

Published 27 Jul, 2022 11:28am

Financial

Saudi National Bank profit almost doubles on higher operating income, lower expenses

DUBAI: Saudi National Bank (SNB) , the kingdom’s largest lender, said on Wednesday its net profit almost doubled in...

Published 27 Jul, 2022 11:07am

Middle East

Eye-popping: Saudi prince unveils mirrored skyscraper eco-city

JEDDAH: A futuristic Saudi megacity is to feature two skyscrapers extending across a swathe of desert and mountain...

Updated 27 Jul, 2022 12:04pm

Asia

Powerful 7.1 earthquake strikes Philippines; at least 4 dead

MANILA: A powerful 7.1 magnitude earthquake struck the northern Philippine island of Luzon on Wednesday killing four...

Updated 27 Jul, 2022 12:09pm

South Asia

India probes spurious liquor incident that killed 28

AHMEDABAD, (India): Authorities in India’s western state of Gujarat are investigating an incident in which at ...