Customers at a supermarket in Qingdao, China. Agence France-Presse
Robust earnings from Google-owner Alphabet and Twitter took the S&P 500 and Nasdaq indexes close to record levels on Friday, with data showing the domestic economy slowed lesser than expected in the second quarter providing support.
General Motors (GM) and Ford Motor announced their quarterly sales in China fell, albeit at a slower pace sequentially, as the US automakers were hit by a slowing economy amid the Sino-US trade war.
Bolstered by improving sales and better margins, profits for China’s industrial companies rose in May, bucking a months-long downtrend. But analysts are unsure if the modest gains can last. China’s industrial profits have been faltering for over a year
The UAE business community greeted Highness Sheikh Mohamed Bin Zayed Al Nahyan for being elected as the President of the UAE.
Wheat prices surged to a new record high in European trading on Monday after India decided to ban exports of the commodity as a heatwave hit production.
The 21st edition of the annual Airport Show hosted by Dubai, the world’s largest annual airport event, to open its doors on Tuesday at the Dubai World Trade Centre (DWTC)
Under the deal, the biggest in India since 2018, Adani Group will pay $6.4 billion in cash to acquire Holcim's 63.1% stake in Ambuja Cements Ltd and 54.5% holding in ACC Ltd. The rest of the companies' shares will be bought via an open offer.