Feyisayo Ajayi
According to the latest data, demand for office space in Dubai has reached a five-year high due...
World news
News OTG Editorials
Bank of England Governor Andrew Bailey has warned of an “apocalyptic” outlook for consumers as a quarter...
U.S. OKs $40 billion in aid for Ukraine; Russia says it’s sent 900 Ukrainian soldiers to prison
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The $40 billion aid represents the largest aid package for the war-weary country to date.
US launches $3.5-billion effort to accelerate development of advanced carbon removal technology
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The $3.5-billion program would create four regional direct air capture hubs to spur the widespread deployment of...
Shanghai Port, a major transportation hub, has seen its container throughput recover to over 80 percent of...
Bitcoin went below $26,000 for the first time in 16 months, amid a bigger cryptocurrency sell-off that...
China is seeking to replenish its strategic crude stocks with low-cost Russian oil, a hint that Beijing...
Coinbase, the world’s biggest crypto exchange, has set up an Institute of Cryptology with Jack Dorsey’s Square...
Global stocks and the dollar fell on Wednesday as concerns about rising inflation on economic growth soured...
UK inflation rose to its highest level since Margaret Thatcher was prime minister 40 years ago.
Wheat hits 14-year high amid disruption from Russia-Ukraine crisis and India’s recent ban
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Prior to the invasion, Ukraine and Russia accounted for 30 percent of global wheat exports.
On Tuesday, WTI crude futures fell more than 1.5 percent to below $113 per barrel.
The number of 5G connections in China is expected to reach 892 million by the end of...
JPMorgan Chase & Co (JPM.N)CEO Jamie Dimon received an unprecedented rebuke on Tuesday, when shareholders overwhelmingly rejected the special $52.6 million...
A gauge of global equity markets rebounded and U.S. Treasury yields rose on Tuesday as a relaxation...
Ukraine’s government has relaxed restrictions on fuel pricing to allow traders to import more and make up...
Shanghai’s reopening would be carried out in stages, with movement curbs largely to remain in place until...
Saudi Arabia is on track to lift oil production capacity by more than 1 million bpd to...
This is the second export shipment of Tesla cars from Shanghai since the factory resumed production on...
World’s most valuable company Saudi Aramco reports record first quarter as oil prices soar
1 min read
The Saudi Arabia-based oil behemoth said net income rose 82 percent to $39.5 billion in the first...
The recent move by the United States and the European Union comes after India banned wheat exports...
Goldman Sachs Group Inc (GS.N) officers and directors have agreed to pay $79.5 million to settle shareholder allegations that their inadequate management led to the bank’s involvement in Malaysia’s 1MDB sovereign wealth fund looting crisis. On April 8, former Goldman banker...
Saudi Arabia’s consumer price index(CPI) rose 2.3% from a year earlier in April, mainly due to a...
India’s biggest carmaker, Maruti Suzuki, will build a manufacturing plant that can produce up to 250,000 cars...
Banijay, a French television production business planning to go public, reported stronger first-quarter sales and profits on Friday than a year earlier. Banijay is the world’s largest worldwide content producer and distributor, with over 120 production businesses spread across 22 nations and over 120,000 hours of original programming. Banijay will go public through a merger with a blank-check acquisition firm backed by...
Elon Musk said on Friday that his $44 billion cash purchase for Twitter Inc (NYSE: TWTR) is “temporarily on pause” while he waits for evidence on the number of false accounts on the social media platform. Twitter shares were down 9.6% to $40.71 in premarket trading on Friday, a...
Tether, the world’s largest stablecoin, which is meant to be pegged 1-to-1 to the U.S. dollar has...
Siemens’ business suffers a 600 million euro ($630 million) knock in the first quarter, with more expenditures to come. The German industrial and technology conglomerate is the latest multinational to report damages as a result of its decision to leave Russia after the invasion on February 24. Siemens incurred 600 million euros in impairment and other charges, the majority of which were recorded in the company’s train-making mobility division. Siemens’ second-quarter earnings were hit hard by the charges, with net income falling to 1.21 billion euros ($1.27 billion). Siemens shares dropped 5% in early trading. The company has reiterated its full-year plan, with slower growth in factory automation and digital buildings projected to balance a dip in transportation. This report’s...
Consumer goods and services inflation is presently at 8.3 percent, down 0.3 percent from the previous month.
This comes after Russian-backed separatists in eastern Ukraine were accused of siphoning off the gas at the...
Despite gold's reputation as a safe haven against inflation, inflation data was higher than expected but not...
