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Washington: President Donald Trump has signed an executive order banning transactions with eight Chinese apps including Alipay and WeChat Pay in an escalation of a trade war that has been unfolding through most of his term. The order, however, goes...
Tokyo: Brent oil prices rose on Wednesday to the highest since February after Saudi Arabia agreed to make bigger cuts in output than expected during a meeting with allied producers, while industry data showed U.S. crude stockpiles fell last...
Washington:  Amazon said Tuesday that it bought 11 jets from Delta and WestJet airlines to boost its growing delivery network and get orders to shoppers faster, reported AP. The company said it’s the first time it has purchased planes for...
Riyadh: Leaders of the Gulf Cooperation Council (GCC) have closed ranks and underlined the need to coordinate efforts in order to confront common challenges. This came as the leaders of the GCC states on Tuesday signed the final communique of...
Manama: This week’s BD 70 million issue of Government Treasury Bills has been oversubscribed by 130%. The bills, carrying a maturity of 91 days, are issued by the Central Bank of Bahrain (CBB), on behalf of the Government of Bahrain. The...
Tokyo: Asian shares edged lower on Tuesday amid uncertainty about Senate runoffs in Georgia, which could have a big impact on incoming U.S. President Joe Biden’s ability to pursue his preferred economic policies. MSCI’s broadest index of Asia-Pacific shares outside...
Riyadh: Saudi Arabia will reopen its airspace and land and sea border to Qatar as of Monday, Kuwait's foreign minister said in televised comments, citing a deal towards resolving a political dispute that led Riyadh and its allies to...
Seoul: The coronavirus pandemic is likely to have come as a big draw on South Korean oil refiners last year as their low refining margins ate into their profitability, industry sources said Sunday. Whipsawed by weak oil prices and sluggish...
Frankfurt:  Digital currency Bitcoin extended its record-smashing rally on Saturday, beginning the year with a surge over $30,000 for the first time, with ever more traders and investors betting that it is on its way to becoming a mainstream...
Shanghai: China’s relationship with the United States has reached a “new crossroads” and could get back on the right track following a period of “unprecedented difficulty”, senior diplomat Wang Yi said in official comments published on Saturday. Relations between the...