Buoyed by a swift economic rebound post-COVID, Dubai is racing to attract people and capital to drive long-term growth, betting it can avoid past debt crises that dented its global ambitions.

The UK's landmark Developing Countries Trading Scheme comes into effect today

FBCCI president says at event on Bangladesh-UK trade

The Bank of Japan said Friday it would maintain its long-standing, ultra-loose monetary policy as it looks to boost economic growth.

Igor Sechin, head of Russian energy major Rosneft, said on Saturday that Russia is losing out to other Opec+ countries due to a smaller share of its oil production being exported.

Oil rose on Friday and posted a weekly gain, as higher Chinese demand and Opec+ supply cuts lifted prices, despite expected weakness in the global economy and the prospect for further interest rate hikes.

Iran’s crude exports and oil output have hit new highs in 2023 despite US sanctions, consultants, shipping data and a source familiar with the matter, adding to global supply when other producers are limiting output.

US planemaker Boeing slightly raised its annual 20-year forecast for new jetliner deliveries, propelled by the strength of the narrowbody market fueled by demand from low-cost carriers.

The yen plunged to a 15-year low against the euro on Friday after the Bank of Japan (BOJ) kept its ultra-low interest rate policy and forecast that inflation will slow later this year, in contrast with the European Central Bank’s (ECB) rate hike on Thursday.

Russia may account for almost a third of India’s oil imports by the end of the current financial year, Arun Kumar Singh, the head of India’s Oil and Natural Gas Corp Ltd, was cited as saying on Saturday by Russian news agency Interfax.

India is weighing a proposal to begin barter trade in goods like fertiliser and gas with Egypt as part of a wider deal that could see New Delhi extending a credit line worth several billion dollars to Cairo, sources told Reuters.

Russian government oil revenues plunged nearly 50 percent in the first five months this year, US Deputy Treasury Secretary Wally Adeyemo said Thursday, six months since a price ceiling was enacted.

An intensely hot summer and unprecedented drought are straining energy supplies in northern Vietnam, prompting rolling blackouts and sudden power outages that have led to  “uncountable” losses among local firms and foreign manufacturers.

The German economy is set to shrink in 2023 after a weak start to the year and as consumers continue to rein in spending because of stubbornly high inflation, Bundesbank president Joachim Nagel said Friday.

A sequential increase in merchandise imports in May that led to the trade deficit widening to a five-month high signalled a stable local economy, economists said.

From Elon Musk to Bill Gates and Apple’s Tim Cook, some of the United States’ biggest business titans have headed to Beijing, seemingly defying the barrage of doomsayer narratives around the US-China trade war.

US chip giant Intel will invest up to $4.6 billion to build a new site in Poland, creating around 2,000 jobs, the company said Friday.

Edison Real Estate Limited has recently signed a memorandum of understanding (MoU) with Eastern Bank Limited. 

A strong start to June for Sweden’s H&M and the return to profitability at online fashion retailer ASOS helped to allay concerns around a sector hit recently by weakening demand in the US.

High food prices will prompt poorer nations to cut back on food imports this year, the UN’s Food and Agriculture Organization said Thursday.