Economy
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Egypt credit outlook lifted to positive by S&P after currency devaluation
Egypt’s credit outlook was lifted to positive by S&P Global Ratings after a long-awaited currency devaluation was poised to ease…
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India buying more US oil as tighter enforcement of sanctions affect trade with Russia
Indian oil refiners are on track to take the most American crude in almost a year after tighter enforcement of…
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World’s top solar firm Longi in China plans thousands of job cuts on glut
China’s Longi Green Technology Energy Co. — the world’s largest solar manufacturer — is cutting almost one-third of its workforce…
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Pressure builds at IMO meet for charge on global shipping sector’s CO2 emissions
The European Union, Canada, Japan, and climate-vulnerable Pacific Island states are among 47 countries rallying support for a charge on…
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Major global warehouse developers bet on India as companies look beyond China
Land is getting hard to find in a sprawling industrial park in southern India where workers are scrambling to build…
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Iran inks big contracts with domestic companies to increase oil production
Iran on Sunday sealed contracts worth billions of dollars with domestic companies to boost its oil production in the face…
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EU backs law against forced labour in supply chains
European Union countries have agreed to a law requiring companies to ensure their supply chains do not cause environmental damage…
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Boeing plane found missing panel after landing in US airport
A post-flight inspection revealed a missing panel on a Boeing 737-800 that had just arrived at its destination in southern Oregon on…
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Supply crisis hits Africa cocoa plants, fueling global chocolate price surge
Major African cocoa plants in Ivory Coast and Ghana have stopped or cut processing because they cannot afford to buy beans, four…
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Adnoc, BP suspend $2 bln Israel gas deal as war in Gaza rages
BP Plc and the United Arab Emirate’s state energy firm suspended a $2 billion bid to buy a major stake in…
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