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  • 03, October 2022

    Iran traders pay a high price for Mahsa Amini protests

    TEHRAN: At a bazaar in north Tehran, merchants are paying a high price since protests erupted across Iran more than two weeks ago over the death in custody of young Kurdish woman Mahsa Amini.

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  • 03, October 2022

    Crude jumps as OPEC+ tipped to make big cut in oil output

    LONDON: Major oil-producing nations led by Saudi Arabia and Russia are expected to make this week their biggest output cut since the start of the COVID pandemic in efforts to buttress prices.

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  • 02, October 2022

    UK’s Truss says should have ‘laid the ground better’ for tax cuts

    LONDON: UK Prime Minister Liz Truss on Sunday conceded she should have better prepared Britain for her recent debt-fuelled mini-budget slashing taxes, which sparked market turmoil, dismal headlines and disastrous polls.

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  • 02, October 2022

    Sri Lanka cuts tax on female hygiene products

    COLOMBO: Sri Lanka’s government on Sunday cut taxes on female sanitary products in a bid to help women and girls unable to afford them because of the country’s economic crisis.

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  • 02, October 2022

    Iraq’s young covet govt jobs in headache for economy

    BAGHDAD: Decent salaries and stability are the hallmarks of a job in Iraq’s civil service, an institution much coveted by young graduates, even as it starves the private sector and hobbles the economy.

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  • 01, October 2022

    Germany deploys 200bn euro shield in ‘energy war’

    BERLIN: Germany on Thursday extended a 200-billion-euro ($194-billion) shield to protect households and businesses from skyrocketing power costs, as Europe’s biggest economy found itself in an “energy war over prosperity and freedom” against Russia.

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  • 01, October 2022

    Porsche ignites blockbuster IPO, defying market turmoil

    FRANKFURT: Luxury sports carmaker Porsche raced onto the Frankfurt stock exchange Thursday with one of Europe’s biggest listings in years, leveraging its brand power to defy global market turmoil.

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  • 01, October 2022

    UK’s PM defends ‘difficult’ tax cuts despite market turmoil

    LONDON: UK Prime Minister Liz Truss on Thursday defended her tax cutting policy after days of silence during which markets tanked and the Bank of England was forced into an emergency intervention.

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  • 01, October 2022

    Eurozone inflation jumps to record 10%

    Brussels: Eurozone consumer prices skyrocketed by a record 10 percent in September, official data showed on Friday, as inflation reached double digits on the back of soaring energy prices caused by Russia’s war on Ukraine.

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