VIDEO: Volcano erupts near Manila; airport shut, villagers flee

A small volcano in south of the Philippine capital that draws many tourists for its picturesque setting in a lake erupted with a massive plume of ash and steam...

Man faces trial for forging parking ticket in Dubai

A 28-year-old Filipino expat in Dubai has been charged in court for creating a fake parking ticket to avoid payment.  According to public prosecution records, the parking offender confessed...

VIDEO: Sheikh Mohamed condoles new Sultan of Oman on the death of Sultan Qaboos

His Highness Sheikh Mohamed Bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, offered his condolences to Sultan Haitham Bin...

Pakistan to establish first restructuring company

Prime Minister Imran Khan has taken one more step towards economic development as the federal government decided to establish Pakistan’s first corporate restructuring company. The upcoming entity, Pakistan Corporate Restructuring...

India may use more CMBs to meet debt obligations in FY21

India’s higher market borrowings can impact the fiscal deficit. The government is likely to opt for auctioning of more cash management bills (CMBs) to meet the debt obligations of government...

Pakistan stocks witnesses massive overall spike in its gains last week

The Pakistan Stock Exchange (PSX) in the outgoing week witnessed massive overall spike in its gains as local and foreign investors rampaged across the market to quickly hit upper circuits...

Economic development gets the lion's share in Sharjah's Dhs29.1 billion budget

His Highness Dr Sheikh Sultan Bin Mohammed Al Qasimi, Supreme Council Member and Ruler of Sharjah, has approved the budget which will see an increase in expenses across several...

Djokovic sweeps past Nadal in ATP Cup final

UK financial regulator plans cash saving products’ overhaul

Britain’s financial regulator proposed an overhaul of cash saving products designed to improve interest rates offered to long-standing customers. The Financial Conduct Authority (FCA) said last year that first-time customers...

Mediaset wins shareholders’ nod for pan-European expansion plan

Italy’s Mediaset won shareholder approval for governance tweaks needed to smooth a pan-European expansion plan despite opposition from its second-biggest investor Vivendi, which is fighting the project in court. Fedele...