Dubai has announced a new package worth 1.5 billion dirhams ($408 million) to help the economy cope with the effects of the coronavirus pandemic, the … Read more
The International Energy Agency (IEA) bumped up its 2020 oil demand forecast on Friday but warned that the spread of COVID-19 posed a risk to … Read more
North American Scrabble competitors will no longer be able to play racist and homophobic slurs from the “N-word” to “bumboy” and “poofs”, the head of … Read more
The economic recovery underway in Canada will be stronger in the near-term than expected a few months ago, according to a Reuters poll of economists … Read more
French industrial output rebounded more in May than expected after slumping the previous month during a nationwide coronavirus lockdown, official data showed on Friday.
Production … Read more
Automobili Lamborghini and The Italian Sea Group unveil the motor yacht ‘Tecnomar for Lamborghini 63’
Automobili Lamborghini and The Italian Sea Group presented the worldwide premiere of ‘Tecnomar for Lamborghini 63’, the Tecnomar fleet’s new motor yacht available in a … Read more
Italian industrial output rebounded much more strongly than expected in May after plunging in the previous two months due to a coronavirus lockdown, data showed … Read more
Britain will suffer the sharpest peak-to-trough economic slump of any major economy this year, rating agency Moody’s warned on Friday, while its debts as a … Read more
Insurers are creating products for a world where virus outbreaks could become the new normal after many businesses were left out in the cold during … Read more
Libya’s National Oil Corporation (NOC) lifted force majeure on all oil exports on Friday as a first tanker loaded at Es Sider after a half-year … Read more
Carnival Corp’s AIDA Cruises announced it would resume sailing operations in August, months after cruise operators were forced to pause voyages due to the COVID-19 … Read more
An oil tanker is on its way to Libya’s recently re-opened Es Sider, just as another that had been waiting near the port since July … Read more
Oil prices fell on Friday, adding to steep losses from the previous session, and were headed for weekly declines on worries that renewed lockdowns following … Read more
Gold prices retreated on Thursday, a day after vaulting to nearly nine-year highs, as investors embraced the safe-haven greenback in the face of record U.S. … Read more
Italian energy group Eni reaffirmed its commitment to Libya on Wednesday after a meeting between its Chief Executive and Libya’s UN-recognised Prime Minister Fayez al-Sarraj.… Read more
Around four-fifths of German firms with foreign exposure have experienced a collapse in revenues as a result of the coronavirus crisis, and 93% expect global … Read more
U.S. electric vehicle maker Tesla Inc is “very close” to achieving level 5 autonomous driving technology, Chief Executive Elon Musk said on Thursday, referring to … Read more
Dubai’s Atlantis resort, at the head of a palm tree-shaped island, workers in face masks clean cushions, sofas and king-size beds in luxury suites that … Read more
Microsoft announces set of new features in Microsoft Teams to make virtual interactions more natural
Microsoft announced a set of new features in Microsoft Teams that make virtual interactions more natural, more engaging, and ultimately, more human.
These features offer … Read more
British department store chain John Lewis is to close eight stores with a possible loss of 1,300 jobs after the coronavirus pandemic accelerated the switch … Read more
Emirates laid off more pilots and cabin crew this week in another round of job cuts as the Gulf airline shrinks its workforce due to … Read more
Stamp duty in the UK has been scrapped immediately for all homes under £500,000, to kickstart the stalled housing market.
Rishi Sunak said the move … Read more
Gold held steady above the key $1,800/oz level on Thursday, as worries over mounting COVID-19 cases offset hopes of a swift global economic recovery.
Spot … Read more
Oil prices drifted lower on Thursday as concerns about renewed COVID-19 lockdowns in the United States outweighed signs of a recovery in U.S. gasoline demand.… Read more
Orders for German industrial goods rose by 10.4% in May, rebounding from their biggest drop since records began in 1991 the previous month, data showed … Read more
Pret A Manger, the food-to-go chain, has announced plans to cut 1,000 or more jobs and close 30 stores as it wrestles with a precipitous … Read more
.Kenya Airways will lay off an unspecified number of workers, reduce its network and also get rid of some assets due to the coronavirus crisis, … Read more
Air Arabia Abu Dhabi will start operations on July 14, with direct flights connecting the capital of the United Arab Emirates to Alexandria and Sohag, … Read more
Gold prices eased on Monday as risk sentiment improved ahead of U.S. services sector data, although losses were capped by worries over surging coronavirus cases … Read more
Oil prices offered up a mixed market snapshot on Monday, with Brent crude edging higher, supported by tighter supplies, while U.S. benchmark WTI futures dropped … Read more
As Spain reopens after the COVID-19 crisis, its banking industry is seizing the opportunity to shrink its swollen branch network which has long been a … Read more
The crisis in hospitality will cost the economy £73bn this year, experts warned as battered pubs and restaurants prepare to reopen on Saturday.
A combination … Read more
Royal Dutch Shell is not ruling out moving its headquarters from the Netherlands to Britain, the oil company’s chief executive Ben van Beurden said in … Read more
Boeing Co and suppliers set the final number of parts it would need for the 747 jumbo jet program at least a year ago, signaling … Read more
The Vatican’s new financial regulator says he is confident that the days when the Holy See would “wash dirty laundry” in private are over and … Read more
The historic slump across British businesses levelled off last month as some of the economy reopened following an easing of the coronavirus lockdown, a business … Read more
Greece’s economy performed better than others in the euro zone in the first quarter but the hit from coronavirus restrictions in the second and third … Read more
Italy’s service sector contracted for a fourth month running in June but much less sharply than in May, a survey showed on Friday, after the … Read more
Two Israeli defence contractors will partner with Abu Dhabi-based technology company Group 42 to develop technologies to help fight the new coronavirus, the companies said.… Read more
Travel insurance policies will adapt to include provisions that allow travel overseas to selected countries under newly relaxed quarantine rules, British transport minister Grant Shapps … Read more
HSBC Holdings Plc said on Friday it would make new investments in its wealth management and insurance operations in mainland China.
The announcement comes at … Read more
Ryanair said on Friday pilots in its home Irish market had accepted a 20% pay cut and work practice changes to minimise job cuts, two … Read more
Tesla Inc is building mobile molecule printers to help make the potential COVID-19 vaccine being developed by CureVac in Germany, the electric-car maker’s Chief Executive … Read more
The energy minister of Azerbaijan, Parviz Shakhbazov, said he expected it to take two years for the global oil market to recover.
He added the … Read more
Saudi Arabia extended several government initiatives to support the private sector in mitigating the impact of the coronavirus outbreak, state news agency SPA reported, citing … Read more
Portugal’s government announced it sealed a final deal with private shareholders of ailing flag carrier TAP to take a controlling stake in the airline while … Read more
After numerous fashion manufacturers and textile retailers have filed for insolvency since the outbreak of the coronavirus crisis, the ailing fashion chain Esprit is now … Read more
Low cost carrier Ryanair resumed flights from Athens after a near four-month grounding due to COVID-19 travel restrictions, it announced.
A flight from Athens to … Read more