Shares worldwide skidded further Friday as a pick-up in US and European business activity did little to ease investors' jitters surrounding Sino-US tensions, while gold kept marching toward a record high as it broke above $1,9000 an ounce. The mood darkened after Beijing ordered Washington...

Oil prices slipped on Friday, shrugging off a weaker U.S. dollar, as tensions between the United States and China rose against a backdrop of rising coronavirus cases. Brent crude LCOc1 fell 25 cents to $43.06 a barrel by 0713 GMT, and U.S. West Texas Intermediate (WTI) crude CLc1 eased 28...

Emirates, the largest airline in the Middle East, will cover customers' coronavirus-related medical costs in a bid to "boost travel confidence", the Dubai Media Office said Thursday. "Emirates will cover its passengers for COVID-19 related medical expenses and quarantine costs when they...

Apple pledged Tuesday to be carbon neutral across its entire business, including its manufacturing supply chain, by 2030, in a stepped up push to fight climate change. The tech giant, which is already carbon neutral for its corporate operations, said the move would mean no climate impact...

The US Commerce Department on Monday announced it has blacklisted 11 Chinese businesses for involvement in human rights violations against the Uighur minority, cutting off the firms' access to American goods. Washington, together with other western nations and rights groups, has accused...

Oil prices were broadly stable on Friday in early U.S. trading, as expectations of stimulus programmes balanced concerns about the recovery in fuel demand as coronavirus cases surged, while major crude producers prepared to lift output. Brent crude futures fell 15 cents to $43.22 a barrel...

Oil prices steadied on Thursday, weighed down by an agreement from OPEC+ to ease record supply curbs but buoyed by tightening global inventories as economic activity picks up. Brent crude fell 4 cents to $43.75 a barrel by 11:10 a.m. EDT (1510 GMT). West Texas Intermediate (WTI) crude...

Beijing on Thursday slammed the US clampdown on Chinese telecom giant Huawei as "dirty play" and took a shot at Washington's own human rights record by pointing to racism in the United States. The pushback from Beijing came a day after the US announced visa restrictions for Huawei employees...

China's economy returned to growth in the second quarter following a coronavirus contraction, with President Xi Jinping promising continued expansion ahead and urging foreign companies to be a part of it. The forecast-beating figures released Thursday follow a string of data showing the...

An oil tanker sought by the U.S. over allegedly circumventing sanctions on Iran was hijacked on July 5 off the coast of the United Arab Emirates, a seafarers organization said Wednesday. Satellite photos showed the vessel in Iranian waters on Tuesday and two of its sailors remained in the...

Nissan Wednesday unveiled the Ariya, a new 100-percent electric crossover model that the boss of the struggling Japanese car manufacturer said would open a "new era" in the firm's fortunes. It was the first completely new model produced by Nissan since the Kicks in 2016 and the first...

Oil prices rose on Wednesday after a sharp drop in U.S. crude inventories, with the market waiting for OPEC and its allies to decide on the easing of output curbs later in the day as the global economy slowly recovers from the COVID-19 pandemic. Brent crude futures were up 35 cents, or...

Forces loyal to a Libyan commander said they will only allow the reopening of oil fields and terminals once a mechanism has been set up to fairly distribute revenue across the country, which is split between rival, warring factions. Powerful tribes in eastern Libya loyal to Khalifa Hifter...

Long queues at gas stations around the country underscore Venezuela's continuing fuel shortages, despite Iran stepping in to help its Latin American ally with a major fuel shipment last month. "Iranian petrol is an illusion that has lasted a month," driver Nestor Hernandez told AFP in...

The United Arab Emirates wants to see a return of Libya's oil production as soon as possible but with safeguards in place to prevent proceeds from fuelling further conflict in the north African country, a senior Emirati official tweeted Monday. Libya has been divided since 2015 between...

As coronavirus restrictions ease, business is rebounding in Cairo’s cafes, restaurants and shops. In the evenings, the sounds of street vendors plying their wares blends with the honking of horns, as the city gets back to normal. But the evening revival may not last long. To try...

The Libyan National Oil Company announced Friday the resumption of oil production and exports after a nearly six-month shutdown due to conflict dividing the country. "The NOC has lifted force majeure on all oil exports from Libya," the company said in a statement, adding that production...

Emirates laid off more pilots and cabin crew this week in another round of job cuts as the Gulf airline shrinks its workforce due to the coronavirus pandemic, four sources said. The Dubai state-owned carrier is cutting thousands of jobs, including pilots and cabin crew as it manages a cash...

Oil prices drifted lower on Thursday as concerns about renewed COVID-19 lockdowns in the United States outweighed signs of a recovery in U.S. gasoline demand. U.S. West Texas Intermediate (WTI) crude CLc1 futures fell 14 cents, or 0.3%, to $40.76 a barrel by 0229 GMT, after rising 0.7% on...

Oil prices edged higher on Tuesday as the U.S. government forecast higher fuel demand and lower production, overshadowing concerns that a surge in new coronavirus cases will hamper a demand recovery. “The market is popping because of the higher forecast demand, and jobs data,” said Phil...