Ships seen at the Kaohsiung port in southern Taiwan. Reuters
Japan’s exports likely fell for an eighth straight month in July, a Reuters poll showed on Friday, as a protracted US-China trade war and weak global demand hurt shipments from the world’s third-largest economy.
Stronger-than-expected Chinese export data helped push global stock markets higher on Thursday following a volatile week that had investors scrambling for safety due to fears of a worldwide economic pullback.
China on Friday announced tariff hikes on $75 billion of US products in retaliation for President Donald Trump’s latest planned increase, deepening a conflict over trade and technology that threatens to tip a weakening global economy into recession.
The Abu Dhabi National Oil Company (Adnoc) announced on Thursday, the award of a contract worth up to $519 million (Dhs1.9 billion) to further expand the scope of the world’s largest combined three-dimensional (3D) onshore and offshore seismic survey,
Abu Dhabi: The UAE property market is in fine fettle despite the COVID-19 pandemic. The completion rate of property projects in Dubai this year is quite encouraging despite the global trends, with over 20,000 units having been completed
The pan-European STOXX 600 rose 0.1%, with tech and healthcare sectors leading gains. In Asia, MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.39% while Japan's Nikkei gained 0.91%.