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GM reports US sales dip, that of EVs grew

The big Detroit automaker reported 659,601 US sales during the period.

Covestro accepts ADNOC takeover bid

The deal values German chemicals group at $13.3bn.

Masdar acquires Saeta Yield

The deal is estimated to be valued at $1.4 billion.

Boeing lifts wage hike to 30% 

The 30% general wage hike improves upon the 25% in the earlier offer.

ADNOC Distribution H1 dividend $350m

The total dividend for 2024 is expected to be $700 million.
  • WTO hopes to finalize fishing agreement

    GENEVA, SWITZERLAND -  The head of the World Trade Organization's fisheries talks voiced optimism  on Tuesday about striking an agreement on...

    The 164 WTO members kicked off a month of negotiations this week at the global trade body's headquarters in Geneva.

    The draft text is intended to help members reach agreement on a so-called "clean text" for submission to ministers in Abu Dhabi.

  • Shell halts Red Sea shipments over attack fears, say report

    WASHINGTON, US - British oil giant Shell has paused transit through the key Red Sea shipping route indefinitely, over fears of...

    The worries of escalation grew after United States and United Kingdom strikes on scores of sites in rebel-held Yemen.

    The Houthis have been targeting what they deemed Israeli-linked vessels, but after the strikes, they declared US and British interests "legitimate targets."

  • In Davos, Chinese premier takes aim at trade ‘barriers’

    Li's remarks came as the World Economic Forum's (WEF's) 54th annual conference is preoccupied with a slew of global risks,...

    Li did not name any countries but Beijing has tussled with the United States and the European Union over trade in recent years, particularly on high-tech and clean energy.

    US-China trade tensions soared under the presidency of Donald Trump and have continued under President Joe Biden.

  • Iraq recalls Iran envoy in rebuke to ally over deadly strikes

    Iran's Revolutionary Guards said they had destroyed the "Zionist regime's spy headquarters in the Kurdistan region of Iraq." The strike...

    Iraq challenged Iran's claim that the strikes targeted Israel's intelligence services in response to recent Israeli assassinations of Iranian and pro-Iranian commanders

    Iran defended its missile strikes in Iraq and Syria, saying they were a "targeted operation" and "just punishment" against those who breach the Islamic republic's security

  • Intensive phase of war in south Gaza ‘will end soon’: Gallant

    Israel had four divisions operating in Gaza before Monday's announced withdrawal, though it was unclear how many soldiers were involved...

    The army had stepped up military operations in the Khan Yunis and Rafah in recent weeks

    It said an entire division of soldiers had completed their withdrawal from Gaza on Monday

  • Iran Guards hit ‘terrorist’ targets in Iraq, Syria

    The IRGC also hit targets in Syria with ballistic missiles, including the "gathering places of commanders and main elements related...

    The attacks destroyed "a spy headquarters" and a "gathering of anti-Iranian terrorist groups" in Arbil, the capital of Iraqi Kurdistan, IRGC said

    Four people including prominent businessman Peshraw Dizayee were killed and six others wounded in the attack, according to Iraq's Kurdistan security council

  • Big win in Iowa moves Trump closer to Biden re-match

    The extent of his victory demonstrated the 77-year-old's success in turning his prosecutions into a rallying cry that has galvanized...

    The former president has led polling for more than a year, but the contest offered the clearest insight yet into his ability to convert that advantage into a White House return

    Major US networks took just half an hour to call the race, with Trump taking 51 percent of the vote and opening an unprecedented 30-point gap over Ron DeSantis

  • Iran, India reach final agreement on Chabahar Port

    Tehran, Iran – Iran and India on Monday finalized an agreement for the development of the strategic Chabahar port in...

    Chabahar Port, Iran's sole oceanic port on the Gulf of Oman, holds strategic importance both strategically and economically

    In May 2016, India, Iran, and Afghanistan signed a trilateral agreement for the Chabahar port, facilitating New Delhi's access to Kabul and Central Asia

  • Turkish strikes leaves hundreds of Syrian villages without electricity

    Qamishli, Syria - Hundreds of northeast Syrian villages and towns have lost power after Turkish strikes pounded electricity stations and infrastructure,...

    The Kurdish administration said Turkey launched a slew of strikes since Friday, mostly concentrated on infrastructure including power stations and oil refineries

    The semi-autonomous Kurdish administration listed hundreds of villages and towns facing blackouts due to the Turkish strikes in a statement Monday

  • Iran asks US and Britain to ‘stop war against Yemen’

    Tehran, Iran - Iran urged on Monday the United States and Britain to "stop the war against Yemen" following their recent...

    "We warn America and Britain to stop the war against Yemen immediately," said Iran's Foreign Minister Hossein Amir-Abdollahian

    The Houthis, who control large swathes of Yemen including the capital Sanaa since 2014, are part of a Tehran-aligned "axis of resistance" against Israel and its allies