India is developing a land pool nearly double the size of Luxembourg to lure businesses moving out of China, according to people with the knowledge of the matter.
A total area of 461,589 hectares has been identified across the country for the purpose, the people said, asking not to be identified be
The effects of recession can lead to unemployment, fall in income and businesses closing down. Now, I’m not trying to scare you. The point is to prepare for the worst case scenario. There are ways to financially prepare for a (possible) recession. It would be best to start now to minimise the
April 20, 2020 will go down in oil-market history as the day when the U.S. benchmark price for crude dropped below zero for the first time -- and then kept falling. In a massive and unprecedented swing, the future contracts for May delivery of West Texas Intermediate tumbled to minus $37.63 a barrel
Reuters news agency reported that the iPhone is back. But Apple is girding for more disruptions in virus-hit China.
Apple Inc (AAPL.O) on Last Tuesday reported sales and profits for the holiday shopping quarter above Wall Street expectations, thanks to rising iPhone sales for the first time in a ye
Turkish Airlines said Tuesday that it has reached a partial agreement with Boeing over compensation for damages caused by the grounding of the airline’s Boeing 737 Max jets.
The airline did not disclose financial terms of the agreement.
Between 2013 and 2015, Turkish Airlines ordered 75 Max
Reem Abdellatif and Matthew Amlôt
As global markets begin to snap out of their trade war-induced slumber, optimism is slowly returning among investors and economists. Trade tensions, particularly between the United States and China, undermined growth in 2019. Against a backdrop of financial v
Given the current restrictive monetary policies in Lebanon and the shortage of dollars, both food importers and local agro-industrialists are under pressure.
Historically, Lebanon’s productivity sectors, mainly agriculture and industry, have been severely under-developed at the expense of the
Matthew Amlôt, John Benny
Saudi Aramco’s shares closed at 35.2 riyals ($9.39) per share, with the company reaching a valuation of $1.88 trillion, bringing it closer to the $2 trillion valuation initially targeted by Saudi Arabian authorities.
The company’s shares shot up to hit
Washington - The World Bank said on Saturday its lending to China has fallen sharply and will continue to be pared back, after US President Donald Trump demanded it stop altogether.
“Why is the World Bank loaning money to China? Can this be possible? China has plenty of money, and if they don
By Jacob Boswall
Lebanon is facing a combined political and economic crisis that has led to widespread bank closures, and semi-official capital controls limiting the amount of cash that individuals and businesses can access.
A sharp rise in demand for cash and a perilous drop in the value of the l
Oil prices were relatively steady with Brent crude holding above $63 per barrel near an eight-week high and WTI finishing above $57 per barrel.
The physical spot market is getting tighter and strong demand for Arabian Gulf medium sour crude has reflected that trend.
So as yet, there are no signs o
Ongoing economic reforms and incentives in the Middle East and North Africa (MENA) are expected to attract more capital from non-residents to the region, the Institute of International Finance (IIF) said in a recent report.
Capital flows from non-residents to MENA are expec
Trade tensions between the EU and the US have been mounting since Washington introduced tariffs on steel and aluminium imported from Europe on May 31, 2018. A month later, the bloc retaliated with 25 percent tariffs on US motorcycles and other items, including whiskey.
The US’ new tariffs on
Larry Elliott in Washington
The world is sleepwalking towards a fresh economic and financial crisis that will have devastating consequences for the democratic market system, according to the former Bank of England governor Mervyn King.
Lord King, who was in charge at Threadne
London, Washington - Facebook’s plans to launch its Libra cryptocurrency faced a new hurdle on Thursday, when the Group of Seven wealthy nations said such “stablecoins” should not be allowed to launch until the profound international risks they pose are addressed.
The pound swung dramatically in currency markets on Thursday 10-17-2019 after the president of the European Commission, Jean-Claude Juncker, said Brussels had come to an agreement with Britain on a Brexit withdrawal agreement to be presented to EU leaders.
Sterling rallied on news of the deal, gain
Reem Abdellatif, John Benny
The International Monetary Fund (IMF) on Wednesday10-16-2019 urged policymakers to implement better oversight and regulations to address financial vulnerabilities, just a day after the fund slashed its 2019 global growth forecast to its lowest level since 2008-2009 on ri