Mario Draghi

Mario Draghi resigns as Italy’s Prime Minister

The government will continue as a caretaker to handle ongoing business

Gold

Gold slumps to lowest since March 2021, dollar strength likely to continue

Gold has lost more than $110 in July alone as traders increased bets on a full percentage-point increase in US rates

UK inflation at new 40-year high worsens living standards crisis

UK inflation at new 40-year high worsens living standards crisis

Consumer prices rose 9.4 per cent from a year earlier, the biggest increase since February 1982

Ranil Wickremesinghe

Sri Lanka’s parliament picks Ranil Wickremesinghe as new President

Wickremesinghe, beat Dullas Alahapperuma by securing 134 or more than 50 per cent of votes cast in parliament on Wednesday

IMF Sri Lanka

Sri Lanka talks to move quickly when new leaders set: IMF

The IMF signalled just days ago that higher authorities needed to be in place in Sri Lanka in order for restructuring talks to resume

Elon musk - Tesla

Musk seeks to block ‘warp speed’ Twitter trial over $44bn deal

Musk is requesting a February 13, 2023 trial at the earliest

Joe Biden meets Saudi Crown Prince

US President Joe Biden begins Middle East tour, meets Saudi Crown Prince

The Saudi Crown Prince and US President chaired a meeting at Al-Salam Palace in Jeddah

euro slips to dollar parity

European stocks dealt fresh blow as euro slips to dollar parity

The two currencies are worth the same for the first time in two decades

Twitter seeks a quick trial soon to resolve suit against Musk

Twitter wants a quick trial to resolve suit against Musk

The company hopes to start the non-jury case on September 19

IPOs

Here are Asia’s biggest IPOs to watch for the second half

Share sales globally plummeted some 70 per cent from a year ago in the first half, to levels not seen in almost two decades

Shinzo Abe

Former Japan PM Abe dies after being shot at stump speech in Nara

Japan’s longest-serving leader was attacked from behind when he was speaking in front of Kintetsu Railway’s Yamato-Saidaiji Station

Marburg

Ghana reports suspected cases of Marburg virus disease

Marburg is a highly infectious viral hemorrhagic fever in the same family as the more well-known Ebola virus disease

Boris Johnson resigns as UK Prime Minister

Johnson, who resigned as leader of the Conservative Party, said that he will serve as PM until a new leader is in place

Boris Johnson

Johnson to resign as UK PM, will stay as caretaker until October

Johnson will also make a statement to the country on Thursday

Remote work

Dutch approve to make work from home a legal right

The pandemic has fuelled a shift in attitudes about work

UAE, Indonesia sign agreement

UAE, Indonesia sign comprehensive economic partnership agreement

The pact will help increase annual bilateral trade to $10bn within five years by removing trade barriers on a range of goods and services

Costliest places

These are the 50 costliest places for expats to live and work

High rankings for many Asian cities were driven by inflation and strong currencies

UAE President receives Indian Prime Minister

Narendra Modi offered his condolences to the UAE President and the people on the passing of Sheikh Khalifa bin Zayed Al Nahyan

Mukesh Ambani resigns, son Akash Ambani succeeds as chairman

Mukesh Ambani resigns, son Akash Ambani succeeds as chairman

Mukesh will continue to be the chairman of Jio Platforms Ltd, the flagship company that owns all Jio digital services brands

Copper

Metals haven’t crashed this hard since the Great Recession

For a metal like copper, its uses in everything from heavy industrial machinery to advanced electronics mean the market is tightly linked to economic shifts

UK

UAE citizens will not require visas to visit UK from 2023

The directive has been extended to other GCC countries as well

hydrogen

UAE government team to visit Germany for talks on hydrogen

German and Emirati companies signed memorandums of understanding in March for shipments from the Gulf state of blue hydrogen in the form of ammonia

Can facial recognition technology detect you with a mask?

Algorithms can recognise facial features during authentication, based on their programmed understanding of how a mask fits on the face

Emirates Mexico

Dubai’s Emirates ramps up frequencies to Mexico with daily service

The Dubai-Barcelona-Mexico route is operated with a two-class Emirates Boeing 777-200LR

World Cup

New York, Miami among cities hosting 2026 FIFA World Cup matches

The US last hosted the World Cup in 1994, an event that gave rise to Major League Soccer

US President

US President to visit Saudi Arabia in July

Joe Biden will visit the country on July 15-16

Combustion cars

Europe moves closer to cutting off its lifeblood combustion engine

Members of Parliament voted in favour of mandating that carmakers eliminate emissions from the cars they sell from 2035 onward

UAE and Japan strengthen bilateral ties in various sectors

The meetings focused on UAE’s preparations to host COP28 in 2023 and strengthen economic, energy and industrial cooperation between the two countries

Queen Elizabeth II celebrates 70 years as British Monarch

Her Majesty has becomes the first monarch in British history to celebrate a Platinum Jubilee

Turkey officially changes its name at UN to ‘Turkiye’

Turkey officially changes its name at UN to ‘Turkiye’

President Erdogan has been pressing for the name to be changed to ‘Türkiye’ (tur-key-yay) as it is spelled and pronounced in Turkish