The US space agency wants to develop the lunar economy in the coming years by building a space station in orbit around the Moon and a base on the surface. It has awarded contracts to several companies to develop landers to transport scientific experiments to the surface.

The EU announced the discovery of a sophisticated US$2.3-billion VAT tax fraud that triggered raids in 14 countries, including France, Germany, Greece and Spain. Over 600 people participated in the scheme, "believed to be the biggest VAT carousel fraud ever investigated in the EU," according to the European Public Prosecutor's...

LONDON, UK - Britain on Tuesday ousted China's nuclear firm CGN from construction of its new Sizewell C nuclear power station, which will now be built with remaining French partner EDF. The announcement came one day after Prime Minister Rishi Sunak warned that the "golden era" of UK-China relations was...

Bank will use funds for core business, give cash to investors.

Investors are now looking ahead to the release of US jobs data at the end of the week, which could provide clues about the Fed's next moves, while speeches by central bank boss Jerome Powell and other key policymakers will also be pored over.

In a rare display of anger against the Chinese government, scores of protestors took to the streets of Shanghai early Sunday calling for an end to lockdowns. China has been facing wide criticism over its zero-Covid policy. A fire spurred an outpouring of anger in Xinjiang region as many blamed...

US authorities announced a ban on the import or sale of communications equipment deemed "an unacceptable risk to national security" - including gear from Chinese giants Huawei Technologies and ZTE. Both firms have been on a roster of companies listed as a threat by the Federal Communications Commission (FCC).

The equities had a lackluster week owing to a decline in global crude oil prices amid fears that the surge in Covid-19 infections in China, the largest oil importer, will reduce demand.

Authorities have ordered nearly six million residents of eight districts in Zhengzhou, in the central province of Henan, not to leave the area for the next five days, setting up barriers around "high-risk" apartment buildings and checkpoints to restrict travel.

Wednesday's much-anticipated minutes showed most US central bank chiefs felt smaller increases would "likely soon be appropriate" as the economy shows signs of weakness following almost a year of monetary tightening.

The curbs in Zhengzhou are part of China's national zero-tolerance approach to Covid, which involves grueling lockdowns, travel restrictions and mass testing. However, nearly three years into the pandemic, Covid cases are now higher than they have ever been in China. There were 31,444 domestic cases on Wednesday, the National...

"Both of our national leaders (in the UAE and China) are keenly aware of the fact that, as two advanced countries at the forefront of technological innovation, it is especially incumbent upon us to be active global stakeholders at this precarious time. We know the threat is real," he adds.

Beijing will adopt industry, region and enterprise-specific measures to secure the sound development of key industries.

High inflation and the West's sanctions on Russia for its Ukraine invasion besides the supply chain disruptions caused by China's intermittent Covid-19 restrictions intensify the decline.

The deal "marks the longest gas supply agreement in the history of the LNG industry", said Saad Sherida Al-Kaabi, Qatar's energy minister and QatarEnergy's chief executive.

The country produced 18.5 billion cubic metres of natural gas in October, up 12.3 percent from a year ago.

The meeting came after the United States said it was looking for China to do more to rein in its ally North Korea, which on Friday test-fired a ballistic missile that US and Japanese officials said was capable of hitting the US mainland. Xi, who is on only his second...

Global main stock markets rallied as investors fished for bargain shares and shrugged off losses elsewhere, but oil prices fell as concerns over the global economy persist. London stocks were lifted by official data showing UK retail sales rose 0.6 percent in October, rebounding from a 1.5-percent slump in September....

Firm's result is seen as a gauge of Chinese consumer sentiment.

It is Tencent's second consecutive quarterly decline in revenue.

The G77+China block of more than 130 developing nations called in a position paper for a special fund "for assisting developing countries in meeting their costs of addressing non-economic and economic loss and damage" caused by extreme weather disasters and rising sea levels.

Mohammed bin Salman left Monday for the Group of 20 summit in Bali, Indonesia. The official Saudi Press Agency said the trip would include "a number of Asian countries", though officials have not yet confirmed details of the itinerary.

Eyeing a joint G20 declaration that would condemn Russia's eight-month-old invasion and threats to use nuclear weapons, US and European officials painted the summit in Bali as evidence of Russia's deepening isolation. "I think you're going to see most members of the G20 make clear that they condemn Russia's war...

Beijing, China— China said on Monday it hopes a meeting between President Xi Jinping and his American counterpart Joe Biden ahead of the G20 summit will bring relations "back on track". Asked by AFP at a regular press briefing what China's expectations were from the face-to-face talks in Bali, foreign ministry...

The kingdom is among the world’s leading phosphate exporters, along with China, the US, Russia and Morocco.

Loss is basically due to the sale of one of its online platforms.

Firm is suffering from slowdown in China's economic growth.

Biden's tour would include meetings of ASEAN and the Group of 20 industrialised nations in Cambodia and Indonesia.

The new CEO is being given a five-year contract, the firm said.

Global stock markets mostly moved higher as Americans headed to the polls in midterm polls. The dollar got back some of its recent losses versus the euro, while Chinese demand expectations were keeping oil prices in check. Europe's main markets were showing gains some two hours from the close save...

Stock markets mostly rose, extending last week's strong gains, while oil prices fell after China reaffirmed its commitment to its economically painful zero-Covid policy. The Chinese government said it would stick to its current plan, which involves harsh lockdowns and strict quarantine and testing regimens.

At the opening ceremony on Sunday, COP27 officials urged governments to keep up efforts to combat climate change despite soaring inflation, the energy crunch linked to Russia's war on Ukraine and the persistent Covid-19 pandemic.

The slowdown in trade comes as global demand for Chinese products weakens with energy prices soaring and the United States facing the threat of recession. Sporadic Covid-19 lockdowns have also hurt consumer enthusiasm and business confidence in the world's second-largest economy.

Owing to Covid restrictions in central China, Apple has said that production at the world's largest iPhone factory has been "temporarily impacted", warning that customers will now face longer wait times. It said the curbs have affected the primary iPhone 14 Pro and iPhone 14 Pro Max assembly facility.

Just in the past few months, climate-induced catastrophes have killed thousands, displaced millions and cost billions in damages across the world. Massive floods devastated swaths of Pakistan and Nigeria, droughts worsened in Africa and the western United States, and cyclones whipped the Caribbean.

The surplus under trade in goods increased 37 percent year-on-year to hit a record US$521.6 billion.

Dubai, UAE---China-UAE bilateral trade has exceeded US$64 billion during the first eight months of 2022, which marked a 27.93 percent increase compared to the same period last year, according to a top Chinese diplomat. “China has become the UAE’s largest non-oil trading partner in the world, and the UAE remained...

Europe must act immediately to prevent a shortage of natural gas next year as Russia slashes deliveries in the wake of the Ukraine war, the International Energy Agency warned. The IEA said the shortfall would occur if Russia stops pipelines deliveries completely and China steps up its imports of liquefied...

The UAE is China’s most important trade partner in the Arab world and responsible for 28 per cent of total non-oil trade between China and the region. The region’s second largest economy is also home to thousands of Chinese firms.

The Purchasing Managers' Index (PMI) -- a key gauge of manufacturing in the world's second-biggest economy -- came in at 49.2, down from September's 50.1 and below the 50-point mark separating growth from contraction, according to data from the National Bureau of Statistics (NBS).

Strengthening of political, economic and trade relations between China and the Gulf Cooperation Council countries during the past 15 years has also led to a cementing of cultural ties between the two powerhouses.

As the US is apparently pulling away from the Middle East, the cooperation between the Gulf and Asian regions is taking place in areas such as the new energy, artificial intelligence, and industrial diversification.

Prince Faisal bin Farhan hailed the "historical and solid relationship" between the major oil exporter and Beijing after talks with his Chinese counterpart Wang Yi."Our meeting today comes at an important time, as it precedes the expected visit of the Chinese president to the kingdom," Prince Faisal told the Al...

According to an analysis based on data released by Beijing's Ministry of Finance on Tuesday, the budget shortfall for all levels of government from January to September was $980 billion, almost three times the 2.6 trillion shortfall over the same period last year.

Most markets rose on hopes the Federal Reserve would soon slow its pace of interest rate hikes, though the mood was darkened over China after President Xi Jinping tightened his grip on power. The yen weakened against the dollar after a short rally after speculation Japanese authorities had stepped into...

Following the US withdrawal from Afghanistan, many experts believe that Washington is shifting its attention and resources to the "priority theatre" of the Indo-Pacific. But as the world recovers from the Covid-19 pandemic, the GCC countries are expected to play a more significant role in the ongoing Asianization of the global...

Sunday's announcements came after a week-long Congress of 2,300 hand-picked party delegates during which they endorsed Xi's "core position" in the leadership and approved a sweeping reshuffle that saw Li and other former Xi rivals relegated.

Traditionally, GCC trade was focused on the West. However, now it is moving to the East. This eastward shift is not too surprising given the continuing travails of many developed Western economies. With the sluggish recovery from the financial crisis in the EU and the US, Gulf economies have had...

Chinese President Xi Jinping locked in support for a historic third term in power at the Communist Party's Congress, but the dramatic removal of his predecessor from the event stole the headlines. At the end of the week-long gathering in Beijing, China's ruling party approved a sweeping reshuffle allowing Xi...

Android had a suite of Google apps pre-installed on its phones, including the company's own search engine, "which accorded significant competitive edge to Google's search services over its competitors", a Competition Commission of India statement said late Thursday. "Markets should be allowed to compete on merits and the onus is...