5h ago| South Asia

Taliban names Afghan UN envoy, asks to address General Assembly

The Taliban have asked to address world leaders at the United Nations in New York this week and nominated their Doha-based spokesman Suhail Shaheen as Afghanistan's UN ambassador, according to...

16h ago| Global Economy

OECD lowers global, US economic growth forecasts

The OECD warned Tuesday of an  “uneven” global economic recovery as it lowered its 2021 growth forecasts for the world and the United States while raising the outlook for Europe.

16h ago| Global Economy

Airline sector relieved over lifting of US travel ban

The United States’ decision to lift restrictions on incoming travellers vaccinated against Covid-19 was met with a sigh of a relief by the global airline sector, which has been dealt a body blow by...

1d ago| Global Economy

BP gambles big on fast transition from oil to renewables

Deep in the Oman desert lies one of BP’s more lucrative projects, a mass of steel pipes and cooling towers that showcases the British energy giant’s pioneering natural gas extraction technology.

1d ago| Global Economy

Fed to reveal new projections with investors on alert

US Federal Reserve officials will lay bare how soon and how often they think the economy will need interest rates rises over the next three years when they release new forecasts at their policy...

1d ago| Global Economy

Dollar creeps higher as Fed’s taper looms

The dollar began the week firmly on Monday with investors in a cautious mood ahead of several central bank meetings, headlined by the Federal Reserve, while looming catastrophe at indebted...

September 22, 2021
September 22, 2021

Taliban names Afghan UN envoy, asks to address General Assembly

The Taliban have asked to address world leaders at the United Nations in New York this week and nominated their Doha-based spokesman Suhail Shaheen as Afghanistan's UN ambassador, according to...

September 22, 2021
September 22, 2021

UK rules out gas supply emergency as prices soar

Britain’s government does not expect a gas supply emergency during the winter as soaring prices threaten energy groups, Business Secretary Kwasi Kwarteng insisted on Monday.

September 22, 2021
September 22, 2021

Global stocks sink on Evergrande contagion fears

World stocks sank Monday as trading floors were gripped by contagion fears from the expected collapse of debt-plagued Chinese property giant Evergrande, with investors also on red alert over...

September 22, 2021
September 22, 2021

Electric vehicles may cut global refining capacity demand

A global drive towards electrification of road transport to reduce carbon emissions may cut demand for the world’s oil refining capacity by half in 2050, consultancy Rystad Energy says. 

September 22, 2021
September 22, 2021

Britain may give state loans to energy companies

Britain is considering offering state loans to energy companies that take on customers from firms which go bust due to soaring wholesale natural gas prices, Business Secretary Kwasi Kwarteng said...

September 22, 2021
September 22, 2021

Airline sector relieved over lifting of US travel ban

The United States’ decision to lift restrictions on incoming travellers vaccinated against Covid-19 was met with a sigh of a relief by the global airline sector, which has been dealt a body blow by...

September 22, 2021
September 22, 2021

OECD lowers global, US economic growth forecasts

The OECD warned Tuesday of an  “uneven” global economic recovery as it lowered its 2021 growth forecasts for the world and the United States while raising the outlook for Europe.

September 22, 2021
September 22, 2021

US Democrats unveil plans to suspend debt limit

Democratic congressional leaders on Monday unveiled plans to suspend the nation’s borrowing limit, following a White House warning of  “economic catastrophe” unless that ceiling is raised.

September 21, 2021
September 21, 2021

Honda targets annual sales of 70,000 Prologue electric vehicles in US

Honda Motor Co’s US unit said on Monday it is targeting initial annual sales of 70,000 for its planned electric Prologue sport utility vehicle when it goes to market in 2024.

September 21, 2021
September 21, 2021

Wall St tumbles on growth worries

Wall Street’s main indexes tumbled on Monday, as concerns about the pace of a global recovery hit economy-linked stocks at the start of a week in which the Federal Reserve will decide on...