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  • 03, September 2024

    State oil firm’s ‘financial strain’ compounds Nigeria’s fuel shortage

    LAGOS: Weeks of fuel scarcities in Nigeria are compounding a cost-of-living crisis, with the state-run oil company acknowledging “financial strain” was hampering supplies.

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  • 03, September 2024

    China plans to launch anti-dumping probes into Canadian canola

    BEIJING: China said Tuesday it would launch an anti-dumping probe into Canadian canola and chemical products, in apparent retaliation for Ottawa’s new restrictions on imports of Chinese electric vehicles (EVs).

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  • 03, September 2024

    Angola weighs China, European financing bids to fuel economy

    BEIJING: China needs to step up its financing for Angola if the African nation is to absorb more Chinese-made goods from solar panels to electric cars, Angola’s finance minister said on Tuesday, as the former OPEC member considers vying bids from Beijing and Europe.

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  • 03, September 2024

    Cathay Pacific grounds 48 flights over A350s engine parts failure

    TOKYO, Sept 3 (KUNA) -- Hong Kong's Cathay Pacific Airways said it has cancelled 48 flights after discovering an engine glitch in one of its A350 aircraft, public broadcaster Radio Television Hong Kong reported Tuesday.

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  • 02, September 2024

    Gulf Capital Investment Company ‘InvestGB’, Investcorp announce strategic partnership

    KUWAIT: As part of its continuous efforts to provide the best investment opportunities to its clients, Gulf Capital Investment Company “InvestGB”, the wholly owned investment arm of Gulf Bank, has entered a strategic partnership with Investcorp, a leading global alternative investment manager.

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  • 02, September 2024

    ECB policymakers at odds over growth outlook

    FRANKFURT: European Central Bank policymakers are increasingly at odds on the outlook for growth, a rift that could shape the rate cut debate for months with some fearing a recession and others focusing on lingering inflation pressures, sources close to the debate said.

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  • 02, September 2024

    New unproductive forces: Chinese youth owning their unemployment

    BEIJING: After quitting the education industry last August due to China’s crackdown on private tutoring, He Ajun has found an unlikely second life as an unemployment influencer.

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  • 02, September 2024

    China rolls out the red carpet for African leaders

    BEIJING: China rolled out the red carpet on Monday for leaders from across Africa, seeking to deepen ties with the resource-rich continent it has furnished with billions in loans for infrastructure and development.

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  • 02, September 2024

    Egypt counts on foreign funds to buy gas as power crisis worsens

    CAIRO: Saudi Arabia and Libya have financed the purchase of gas cargoes worth at least $200 million to help Egypt ease its energy crisis this summer amid a steep decline in domestic gas output, two industry sources familiar with the matter said.

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