Oil holds advance after OPEC+ delivers modest cut in production

West Texas Intermediate traded near $89 a barrel in early Asian trade, 2.4 per cent higher than Friday’s close

Liz Truss elected as UK’s new Prime Minister

In September of last year, Truss was appointed secretary of state for foreign, commonwealth and development affairs

World’s first Covid vaccine you inhale is approved in China

World’s first Covid vaccine you inhale is approved in China

China’s National Medical Products Administration approved CanSino’s Ad5-nCoV for emergency use as a booster vaccine

India's SpiceJet in talks to raise $200m to ease financial woes

India’s SpiceJet in talks to raise $200m to ease financial woes

The carrier will also spin off its cargo business into a separate company, SpiceXpress, in the quarter ending September 30

Mikhail Gorbachev

Former Soviet leader, Mikhail Gorbachev, passes away

Gorbachev won the Nobel Peace Prize in 1990

Honda battery plant

Honda, LG will build $4.4bn EV battery plant

The duo will set up a joint venture for the plant with construction starting early 2023

Whatsapp

WhatsApp rolls out in-app shopping product with India’s JioMart

The new feature lets users in India shop for products from JioMart, and pay for them directly within the app

Gold

Gold edges higher as greenback wavers amid hawkish rates stance

Bullion ended Monday little changed after tumbling to the lowest level in a month

Finnair

Finnair to launch daily services between three Nordic capitals and Doha

The services will be operated with Finnair’s Airbus A330 aircraft

Apple India

Apple plans to manufacture iPhone 14 in India

The company has been working with suppliers to ramp up manufacturing in India and shorten the lag in production of the new iPhone

Tourist project

In pics: UAE President, regional leaders inspect tourism project in Egypt

The leaders were briefed about the five-star hotel which features several tourist facilities

free trade agreement

UK-GCC free trade agreement: What’s on offer?

Increased trade and investment can unlock further growth in the UK and the GCC, and an ambitious free trade agreement is imperative

Explainer: How companies in Middle East approach diversity, equality and inclusion?

Current efforts are not limited to just hiring, but also include investing in developing female talent to build up diverse pipelines, opines Maliha Jilani, member of the global social impact practice and partner at Heidrick & Struggles (Dubai)

Oil extends losses as traders weigh Iran supply, demand outlook

Oil extends losses as traders weigh Iran supply, demand outlook

Oil is still up around 20 per cent this year and the surge in energy prices over the first half have underpinned record earnings for producers

Gold steady in Asia with traders digesting cooling US Inflation

Gold steady in Asia with traders digesting cooling US Inflation

Bullion initially jumped on August 10 after the US consumer price index decelerated by more than expected in July

Oil edges lower as market tightness eases, pipeline restarts

Oil edges lower as market tightness eases, pipeline restarts

West Texas Intermediate declined toward $91 a barrel in early Asian trading

Apple’s Chart-Topping Run Gets a Boost From Retail Investors

Apple’s chart-topping run gets a boost from retail investors

Since bottoming in mid-June, the iPhone maker’s shares have surged 27 per cent, outpacing the S&P 500 Index and the Nasdaq 100 Index

Oil steadies as Traders weigh Russian pipeline halt, stockpiles

Oil steadies as Traders weigh Russian pipeline halt, stockpiles

West Texas Intermediate held above $90 after edging higher on August 9

Elon Musk sells $6.9bn of Tesla shares, first since April

Elon Musk sells $6.9bn of Tesla shares, first since April

Musk has now sold around $32bn worth of stock in the electric-car maker in the past 10 months

Gold holds drop after US jobs data support rate-hike outlook

Bullion dropped 0.9 per cent as US non-farm payrolls jumped by more than double what economists had forecast

SoftBank reports record $23.4bn loss as holdings tumble

SoftBank reports record $23.4bn loss as holdings tumble

The Vision Fund segment posted a loss of 2.33 trillion yen in the three months ending June 30, following a then-record 2.2 trillion yen loss in the previous quarter

Meta

Meta makes bond-market debut with four-part offering

Meta may sell $8bn to $10bn of debt depending on demand, with proceeds used for general corporate purposes

Shell records strong performance in second quarter, adjusted earnings of almost $11.5bn

$6bn share buybacks are expected to be completed by Q3 2022 results

Mukesh Ambani and Gautam Adani

Asia’s richest men prep for battle as Adani enters Ambani’s turf

Gautam Adani had overtaken Mukesh Ambani as Asia’s richest man a few months earlier

Amazon Meta

Even tech giants like Amazon and Meta can’t escape the slowdown

With many of the biggest tech giants poised to report earnings in the next two weeks, investors are bracing for mostly bad news

IMF cuts World GDP outlook a third time as inflation, rates jump

Global economic expansion will likely slow to 3.2 per cent this year, less than the 3.6 per cent forecast by the fund in April

Monkeypox shot

Danish shot gets EU nod for monkeypox as WHO declares emergency

Bavarian Nordic’s smallpox vaccine Imvanex gets permission to be labelled for monkeypox and another disease caused by the vaccinia virus

GCC unified visa

These are the world’s most and least powerful passports in 2022

As recently as 2017, Asian countries barely featured among the world’s 10 most-accepted passports

WHO monkeypox

WHO declares monkeypox outbreak a global emergency

Monkeypox has mostly been confined to developing countries for years, but has spread across Europe and the US in recent months

Droupadi Murmu Indian President

Droupadi Murmu elected as 15th President of India

Hailing from a tribal community in the Indian state of Odisha, the former primary school teacher has served previously as the Governor of Jharkhand, a state in the eastern part of India