BEIJING: China’s economic expansion slumped in the second quarter to levels not seen since early 2020, an AFP poll of analysts found, owing to painful COVID lockdowns and lingering weakness in the real estate sector.

Kuwait: The price of Kuwaiti oil went down 87 cents to USD 108.37 per barrel on Tuesday, compared with USD 109.24 pb since last Friday, said the Kuwait Petroleum Corporation (KPC) Wednesday.

LONDON: The euro struck parity with the dollar Tuesday for the first time in nearly 20 years as a cut in Russian gas supplies to Europe heightened fears of a recession in the eurozone.

London: The euro struck parity with the dollar Tuesday for the first time in nearly 20 years as a cut in Russian gas supplies to Europe heightened rears of a recession in the eurozone.

VIENNA: The Organization of the Petroleum Exporting Countries (OPEC) projected the growth of world oil demand at 2.7 million barrels per day (bpd) to average 103.0 million bpd in 2023 driven by growth in major importing countries, notably the United States.

Copenhagen: The world’s largest toymaker, Denmark’s Lego, said Tuesday it would stop all its Russian operations, ending the employment of its Moscow staff and a partnership with a company operating 81 stores in Russia.

LONDON: Joe Biden will make his first visit as US president to Saudi Arabia on Friday, where he will seek to persuade Riyadh to pump more oil to bring down prices that are fuelling inflation to the highest levels in decades.

SAN FRANCISCO: Apple’s quest to produce a viable self-driving car remains stalled despite years of work, with its team plagued by setbacks as rivals race ahead, The Information tech news website reported Monday.

SAN FRANCISCO: A leaked cache of confidential files from ride-sharing company Uber illustrates ethically dubious and potentially illegal tactics it used to fuel its frenetic global expansion beginning nearly a decade ago, a joint media investigation showed Sunday.