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04 April 01:48 PM

Gulf news

22 July 2020 04:21 PM United Airlines suffers $1.6bn losses in Q2   
United Airlines reported losses worth $1.63 billion during the second quarter (Q2) of 2020, driven by a plunge in air travel demand due to COVID-19.
Global Reports
21 July 2020 05:27 PM Coca-Cola sees largest decline in Q2-2020
Coca-Cola's net revenues dipped by 28% to $7.2 billion during the second quarter (Q2) of 2020.
Global Reports
21 July 2020 02:21 PM LinkedIn slashes 6% of global workforce amidst pandemic
LinkedIn announced its plan to cut 6% of its global workforce, about 960 jobs, across the group’s sales and hiring divisions.
Global Reports
21 July 2020 00:33 PM EU leaders agree on EUR 750bn COVID-19 recovery fund
The European Union’s (EU) leaders have reached a historic deal over huge post-coronavirus recovery package, following four days of negotiations in Brussels.
Global Economy
20 July 2020 06:03 PM Ford partners with Intel's Mobileye for collision avoidance technology
Ford Motor has inked a deal with Intel's Mobileye to prevent car crashes and ensure the safety of drivers.
Global Reports
20 July 2020 03:48 PM Chevron to acquire Noble Energy for $5bn
Chevron Corporation has reached an agreement to acquire Noble Energy in an all-stock deal worth $5 billion, or $10.38 per share.
Global Economy
16 July 2020 05:13 PM World's population to begin shrinking after 2050
 The number of the world's inhabitants is expected to decline after 2050, negatively affecting the global economy.
Global Reports
15 July 2020 06:23 PM Apple wins court's ruling on EU's EUR 13bn tax order
The European Union's (EU) general court has cancelled the 2016 order to Apple to pay EUR 13 billion in Irish taxes.
Global Reports
15 July 2020 06:12 PM Google buys $4.5bn stake in Reliance's digital unit
Mubasher: India’s Reliance Industries announced Alphabet Inc’s Google will be purchasing a 7.7% stake in its digital unit, Jio Platforms, for $4.5 billion.
Global Economy
14 July 2020 04:41 PM Phison to sell shares in joint venture to Kingston
Phison Electronics will sell its shares in Kingston Solutions (KSI), a joint venture with Kingston Technology Corporation, to Kingston.
Global Reports
14 July 2020 04:30 PM Huawei to be banned from UK’s 5G networks
The UK government announced that it will ban mobile network operators from buying equipment from China’s Huawei by the end of 2020.
Global Economy
14 July 2020 02:08 PM Google in talks to buy $4bn stake in Jio Platforms
Google is now in advanced talks to invest about $4 billion for a stake in Reliance Industries’ digital arm, Jio Platforms.
Global Economy
13 July 2020 04:46 PM MENA's economy expected to contract 5.7% in 2020 - IMF
The International Monetary Fund (IMF) expected that MENA's economy will retreat by 5.7% in 2020, compared to its April outlook of 3.3%.
Global Reports
13 July 2020 04:21 PM Analog Devices to acquire chipmaking competitor Maxim for $21bn
The US multinational semiconductor company Analog Devices Inc. (ADI) is set to buy rival Maxim Integrated Products Inc. for more than $20 billion.
Global Economy
8 July 2020 04:04 PM United States to leave WHO next year
The United States will withdraw from the World Health Organization (WHO) on 6 July 2021.
Global Economy
7 July 2020 05:30 PM Eurozone expected to see deeper recession than forecast
The euro zone economy will slide deeper into recession in 2020 and recover less in 2021 than previously expected
Global Economy
6 July 2020 05:37 PM Big four auditors in UK to separate practices by mid-2024
The UK's Big Four accounting firms, comprising PwC, Deloitte, KPMG, and EY, will separate their audit practices by June 2024.
Global Reports
6 July 2020 04:27 PM Uber acquires on-demand food delivery app Postmates for $2.65bn
Uber Technologies Inc. has acquired food-delivery service Postmates Inc. for about $2.65 billion in an all-stock transaction.
Global Economy
5 July 2020 04:12 PM Fujifilm collaborates with GRA, Dr Reddy’s for potential coronavirus drug
Global Response Aid (GRA) and Dr. Reddy’s Laboratories signed an agreement with Japan’s FujiFilm Corporation for the production and distribution of Avigan.
Global Economy
2 July 2020 04:44 PM US initial jobless claims surge 1.427m
The initial jobless claims in the US increased for the first time more than expected by 1.427 million in the week ending on 27 June.
Global Reports
1 July 2020 05:41 PM Asia's economy likely to contract 1.6% in 2020
The IMF expected that Asia's economy will retreat by 1.6% for the first time in history during 2020.
Global Reports
1 July 2020 04:21 PM EasyJet to slash jobs in Berlin, cancel German domestic flights
EasyJet said on Wednesday that it plans to cut jobs and the number of aircraft stationed in Berlin.
Global Economy
30 June 2020 06:07 PM UK's economy slides to 40-year low in Q1-20
The UK’s economy witnessed the steepest drop since 1979 during the first quarter of 2020 as household spending collapsed to record levels.
Global Economy
29 June 2020 05:15 PM UK aims to sell GBP 275bn of debt in 5M
The UK is looking to raise a record GBP 275 billion ($340 billion) of government debt from April until the end of August
Global Economy
29 June 2020 05:02 PM BP to sell petrochem business to INEOS for $5bn
London-based BP has approved to sell its global petrochemicals business to INEOS, one of the world's largest chemical producers, at a total of $5 billion.
Global Reports