The gains, including a jump in US tech stocks, "looked more like a correction than a reaction to fresh news, as there was no fresh news that went against the slowing China rhetoric" or indication of a possible shift in policy by US monetary policymakers, said Swissquote Bank analyst Ipek...

The merger is expected to be completed by the end of Oct.

European stocks rebounded but Asian markets ended mixed after a Chinese rate cut failed to reassure investors. At midday, Paris stocks were up by more than one percent, with both Frankfurt and London also pushing higher. Market sentiment has taken a hammering this month by a string of weak data...

Dubai, UAE--Oil prices jumped about 1% on Friday on signs of slowing U.S. output, but both crude benchmarks also ended their longest weekly rally of 2023 on mounting concerns about global demand growth.West Texas Intermediate (WTI) crude futures gained 86 cents, or 1.1%, to settle at $81.25 a barrel, and...

China announced earlier Saturday that it had "launched joint air and sea patrols and military exercises of the navy and air force around the island of Taiwan", according to state media outlet Xinhua. The drills were conducted after Taiwan's Vice President William Lai made stopovers in the United States --...

The United States exploded off the blocks, opening up a 13-point gap on the Greeks six minutes into the first quarter. Despite questionable turnovers during patches of the game, the USA were a class apart as they extended their perfect record in World Cup tune-ups to 4-0 in games played...

Expectations of another Fed hike have pushed 10-year Treasury yields -- a gauge of future rates -- close to their highest levels since the global financial crisis. Data on Thursday did little to dissuade investors, with unemployment benefit applications falling the most since last month, indicating the labour market remains...

With support from a military force from neighboring Saudi Arabia, Bahrain crushed the 2011 protests which had demanded a constitutional monarchy and an elected prime minister.Bahrain faced US criticism at the time, with former president Barack Obama imposing an arms embargo for four years. But Obama's successor Donald Trump fully...

The value of the acquisition was reported to be $5.55bn.

The poorest country on the Arabian peninsula, Yemen's economy has collapsed in the eight years of war between Iran-backed Houthis and the Saudi coalition-backed government. The conflict has left hundreds of thousands of people dead and millions displaced, with the UN having accused all parties -- including in Saudi Arabia...

Dubai, UAE -- Saudi Arabia’s sovereign wealth fund, the Public Investment Fund (PIF), reported 9.6 percent growth in its US equity holdings to US$38.9 billion in Q2, with electric vehicle manufacturer Lucid contributing just 16 percent of the increase despite representing 24 percent of the portfolio.Lucid continued to drag down the fund’s US public holdings with q-o-q...

Ankara, Turkey -- Turkey intensified talks with Ukraine, the United States, and the European Union on the grain deal in preparation for a possible meeting between Turkish and Russian Presidents Tayyip Erdogan and Vladimir Putin, TASS reported."The Ministry of Foreign Affairs, the Ministry of Defense, and the Ministry of Trade...

Dubai, UAE--Oil prices declined more than 1% on Monday as concerns about China's faltering economic recovery and a stronger dollar weighed against seven weeks of gains on tightening supply from OPEC+ output cuts.Brent crude futures fell $1.07, or 1.2%, to $85.74 a barrel by 0631 GMT while U.S. West Texas...

BEIRUT, LEBANON – The US is responsible for the military escalation in eastern Syria, where terrorist groups such as the Islamic State (outlawed in Russia) intensified their activities recently, the Syrian Arab Republic’s foreign ministry said."US forces are sponsoring terrorists, who are responsible for the August 10 ambush on Syrian...

Lahaina, a town of more than 12,000 and former home of the Hawaiian royal family, has been reduced to ruins, its lively hotels and restaurants turned to ashes. No emergency sirens were sounded, and residents have spoken of learning about the blaze because of neighbors running down the street yelling...

YOKOHAMA, JAPAN - Dressed up and ready for battle, around 10,000 Pokemon fans have descended here this weekend, looking for fun but also collector's item cards potentially worth serious money.Since the launch of Pokemon cards in 1996 following the hit computer game of the same name - meaning "pocket monsters" -...

WASHINGTON, US - Elon Musk said that his much-hyped cage fight with Mark Zuckerberg would take place in Italy, as authorities there confirmed talks about hosting a "great charity event."While any showdown between the two tech titans has yet to be officially confirmed, Musk said on Friday on his X social...

The two projects -- in Texas and Louisiana -- each aim to eliminate one million tons of carbon dioxide per year, equivalent in total to the annual emissions of 445,000 gas-powered cars. It is "the world's largest investment in engineered carbon removal in history," the Energy Department said in a...

The American network will launch the deal with broadcasts of two games on Monday featuring Ronaldo and Karim Benzema. Fox's deal was for 100 matches this season and for both English and Spanish language rights. The matches will feature on Fox Sports 2 and Fox Deportes as well as Fox...

In Asian stock market trading, Hong Kong extended the week's losses Friday, even as e-commerce titan Alibaba surged on a forecast-busting rise in revenue.

A highly anticipated report showed July consumer prices rose more than the previous month but less than feared, giving the US central bank room to take a lighter touch with monetary policy after more than a year of tightening.The data also showed closely watched core inflation was easing, while jobless...

Based on the agreement, five Iranian prisoners in the US and five American prisoners in Iran will be exchanged," the official IRNA news agency reported, quoting an informed source. It reported that the deal with the US includes releasing an amount of $6 billion of Iranian money frozen in South...

United Nations, United States--The United States on Wednesday accused Sudan of having threatened to expel the United Nations mission from the war-torn country if the UN envoy, already in Khartoum's crosshairs, speaks before the Security Council on the atrocities of the conflict.During a session devoted to Sudan and South Sudan, US...

Tehran, Iran -- Oman has said it has been making efforts to facilitate regional and international cooperation by with the active participation of Iran.In a telephone conversation with his Iranian counterpart on Tuesday, Omani Foreign Minister Sayyid Badr Albusaidi referred to the recent talks between Iranian President Ebrahim Raisi and...

Paris, France -- Taiwanese chipmaker TSMC agreed Tuesday on a multibillion-dollar deal to build a plant in Germany, part of a push to put Europe at the center of the global semiconductor industry.The United States and China are embroiled in a fierce rivalry to dominate the chip industry, and Europe is...

The investment giant was hit by a drop in the share prices of major holdings.

Russia, which was not invited to the summit, said that a resolution was possible if Ukraine "stopped the hostilities and terrorist attacks" and if Western countries stopped arms supplies to Kyiv. It also called on Ukraine to cede its occupied territories to Moscow.

The drop in exports was bigger than expected and the heaviest since a 17.2 percent plunge in January-February 2020, when the economy came to a standstill in the early weeks of the Covid-19 pandemic. Apart from a brief rebound in March and April, exports have been in constant decline since...

The twice-impeached Republican, who is seeking a return to the White House in 2024, has unleashed a stream of invective against those prosecuting him or running the case in which he faces charges over attempts to overturn the 2020 election results and defraud the United States. His latest target: US...

Iraq's judiciary issued arrest warrants at the beginning of March for four men, including a former finance minister and staff members of former prime minister Mustafa al-Kadhemi, who Baghdad says all live outside the country. Haider Hanoun, the head of the Iraqi Commission for Integrity said that Interpol had issued...

TEHRAN, IRAN - Iran on Sunday appointed Mohammed Jafar Montazeri, who is under US and British sanctions, to head the Islamic republic's top court.Montazeri was named the supreme court chief after the "opinions of all the court judges" were taken into consideration, the judiciary's Mizan Online website said.The 75-year-old, who had...

A US central bank official said that more interest rate hikes "will likely be needed" to bring inflation down further, shortly after policymakers lifted rates to the highest level since 2001. Federal Reserve governor Michelle Bowman said she supported the policy-setting Federal Open Market Committee's decision for a rate hike...

NEW YORK, US - Two senior UN humanitarian officials have called for more funding and fewer bureaucratic impediments to support civilians affected by the crisis in Sudan, including roughly 14 million children.Ted Chaiban, Deputy Executive Director for Humanitarian Action and Supply Operations at the UN children’s agency (UNICEF), and Edem...

Dubai, UAE--Oil prices soared more than a dollar a barrel on Friday to record a sixth consecutive week of gains, after top producers Saudi Arabia and Russia extended supply cuts through September, adding to undersupply concerns.Brent crude futures rose $1.10, or 1.3%, to settle at $86.24 a barrel, while the...

The US military says Iran has either seized or attempted to take control of nearly 20 internationally flagged ships in the region over the past two years. Washington said its forces blocked two attempts by Iran to seize commercial tankers in international waters off Oman on July 5, while Tehran...

Dubai, UAE--Trade in goods and services amounted to US$ 31 trillion in 2022, a 13% rise year-on-year. According to the World Trade Statistical Review 2023, issued by the World Trade Organization, while trade in goods exceeded pre-pandemic levels already in 2021, trade in services caught up in 2022. China remained...

On July 11, Prime Minister Mohammed Shia al-Sudani announced that Iraq would start paying for Iranian gas with oil, as a way of circumventing the complicated mechanism. "Work is continuing with the American side concerning unpaid bills, which have fallen to 9.2 billion" euros ($10 billion), Sudani told reporters at...

Abu Dhabi, UAE - ADNOC and Occidental on Tuesday signed a strategic collaboration agreement (SCA) to evaluate potential investment opportunities in carbon dioxide (CO2) capture and storage (CCS) hubs in the United Arab Emirates (UAE) and United States (US), with a view to developing a carbon management platform to accelerate...

China accounts for 94 percent of the world's production of gallium -- used in integrated circuits, LEDs and photovoltaic panels -- according to a report by the European Union published this year. For germanium, essential for fiber optics and infrared, China makes up 83 percent of production.

European regulators in January had dismissed the previous legal basis -- "legitimate interest" -- Meta had used to justify gathering users' personal data for targeted advertising.

The closed-door meeting was one of the highest-level known gatherings of US and Afghan government officials in months, with the Washington team headed by Special Representative Thomas West and Kabul's by Foreign Minister Amir Khan Muttaqi. The US statement did not, however, identify the Afghan representatives -- describing them only...

Profits fell on lower refining margins, natural gas prices.

Brussels, Belgium - The European Commission on Thursday announced an antitrust probe into Microsoft bundling its Teams communication app with its popular Office suite, on concerns it could be cutting out competitors.The investigation, to see whether the US software giant is "abusing and defending its market position" through the practice, comes...

Analysts are divided ahead of the Fed's next decision in September, with the so-called "hawks" predicting additional rate hikes in the face of strong economic data, and "doves" expecting an end to the current hiking cycle given recent inflation data.

The air force jet was on a training exercise when it crashed on Wednesday in the south of the country, killing its crew, according to the kingdom's defense ministry. The statement from the ministry said that the accident resulted in the "martyrdom of the aircrew" without specifying exactly how many...

Revenue accelerated 25 percent to US$877 million.

Profits jumped 52 percent to $2.6 billion .

Israel's Prime Minister Benjamin Netanyahu seeks to bring his controversial proposal to curb the power of judges to a vote in the Knesset as soon as Monday. The proposal triggered dueling protests over the weekend between supporters of the proposal and those who fear it will undermine Israel's democracy.

Dubai, UAE-- Bahrain and the US have reaffirmed their commitment to freedom of navigation in international waters. They reiterated the importance of ensuring safe passage for commercial shipping in the Strait of Hormuz and condemned acts that put freedom of navigation in jeopardy.The joint statement came after a meeting between...

Asian equities wobbled at the end of a draining week as fresh US jobs data put revived bets on two more Federal Reserve interest rate hikes, adding to ongoing worries about China's economy. Investors have largely been on the back foot since Beijing announced a big miss on second-quarter growth.