Chinese automakers Geely, Great Wall Motors and BYD are expected to be joined by European brands Audi, BMW, Mercedes-Benz and Volkswagen and others at Shanghai's National Convention and Exhibition Center for the Shanghai Auto Show. China, where the COVID-19 pandemic began in December...

Until Wednesday, Syria's central bank governor Hazem Qarfoul was praised by the state-run media as an intelligent problem solver able to manage the  recent Syrian pound crisis.  However, by afternoon, soon after Bashar al-Assad issued a decree dismissing Qarfoul, the...

Al-Qaeda experts believe that Hayat Tahrir al-Sham has been in a parallel transformation, which is not restricted to the theological mindset as the former al-Qaeda affiliate is founding its own economic hub in northwestern Syria.  Besides the local governing body in Idlib city,...

Middle East economies are recovering from the coronavirus pandemic faster than anticipated, largely due to the acceleration of mass inoculation campaigns and an increase in oil prices. But the International Monetary Fund warned that uneven vaccine distribution would derail the region's...

The Syrian pound on Saturday has kept its rebounding from an all-time low struck during the last two months after the regime tightened controls on bank withdrawals and internal transfers and restricted movement of cash around the country to stop dollar hoarding. The pound was trading...

EY FIX THIS? So far, dredgers and tugboats haven't been able to free the ship. An expert salvage team, whose job it is to respond to boat-related disasters, flew from the Netherlands to the canal on Thursday to join the efforts. Already, it seems the ship's massive weight, some 220,000...

Tokyo prosecutors on Monday indicted two Americans accused of helping former Nissan boss Carlos Ghosn jump bail and make his audacious escape from Japan in 2019. In a statement, prosecutors said Michael Taylor and his son Peter were being indicted on a charge of enabling the escape...

The Syrian regime will impose new procedures to halt the free fall of its pound, seeking to tighten the noose on the exchange market  amid accusations of deliberate plunging of the currency rate by dealers. Syria Stocks, a leading Facebook page delivering daily exchange rates,...

Saudi Arabia’s state-backed oil giant Aramco announced Sunday that its profits nearly halved in 2020 to $49 billion, a big drop that came as the coronavirus pandemic roiled global energy markets. Saudi Arabian Oil Co. released its annual financial results a year after the pandemic sent...

Bitcoin briefly rose above $60,000 for the first time on Saturday, as increasing backing from corporate heavyweights helps the world's most popular virtual currency continue its record-breaking run. The cryptocurrency hit an all-time high of $60,012 at 1149 GMT, according to the website...

 (AP) — “It’s a world of lawlessness,” Rev. Kim Dal-sung muttered over the phone as he drove his tiny KIA over narrow dirt paths zigzagging through greenhouses made of plastic sheets and tubes. In the bleak landscape of dull blue and gray in Pocheon, a town near South Korea’s...

MTN Group remains committed to negotiating a $65 million sale of its 75% stake in its Syrian unit, the South African mobile operator said on Sunday, despite the business being placed under judicial guardianship last week. MTN Syria was placed under guardianship by a court in Damascus...

TORONTO (Reuters) - Hedge funds are turning bullish on oil once again, betting the pandemic and investors’ environmental focus has severely damaged companies’ ability to ramp up production. Such limitations on supply would push prices to multi-year highs and keep them there for two...

Boeing lost $8.4 billion in the fourth quarter on weaker demand for planes during the pandemic and another setback to a new large plane designed for long-haul flights. In the past two years, Boeing has posted huge losses mostly because of the crisis around two deadly crashes involving its...

The Lebanese pound rose against the dollar Thursday, trading at LL8,750 on the black market, as an initially positive development in the Cabinet formation process was shut down by certain political factions.

BEIJING (AP) — China eked out 2.3% economic growth in 2020, likely becoming the only major economy to expand as shops and factories reopened relatively early from a shutdown to fight the coronavirus while the United States, Japan and Europe struggled with rising infections. Growth in the...

WASHINGTON (AP) — The U.S. government announced Wednesday that it will halt imports of cotton and tomatoes from the Uighur region of China in its most sweeping action yet to pressure the Communist Party over its campaign against ethnic minorities. Officials said Customs and Border Protection...

BEIJING (AP) — China’s best-known entrepreneur, e-commerce billionaire Jack Ma, made his fortune by taking big risks. The former English teacher founded Alibaba Group in 1999, when China had few internet users. Online payments service Alipay launched five years later, before regulators said...

The dollar was set to end 2020 around 2-1/2 year lows on Thursday, allowing currencies from the euro to Chinese yuan to strengthen, while holiday-thinned euro zone bond yields were mostly steady after dropping 30-100 basis points over the year. The prospect of a brighter 2021 has lessened...

The Russian subsidiary of Japan’s Honda Motor Co said on Wednesday it would stop supplying new cars to official dealers in Russia in 2022. It said the move was linked to Honda’s efforts to restructure its operations.