Economy
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US, partners making progress on ways to use frozen Russian assets: Treasury official
The United States and its G7 partners are making progress on finding ways to provide larger amounts of urgently needed…
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Egypt adds an extra hour to rolling power blackouts
Egypt said it was extending its rolling power blackouts across the country for an extra hour on Tuesday to allow for…
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Russia’s two largest banks to open in annexed regions of Ukraine by July
Russia’s two largest banks expect to open branches and offices in July in the regions of Ukraine that Moscow claimed…
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Microsoft to invest $3.2 billion in AI in Sweden
Microsoft said Monday it would invest 33.7 billion kronor ($3.2 billion) over two years in cloud and artificial intelligence infrastructure…
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IATA says airline passengers, revenues to hit records in 2024
Airlines will fly nearly five billion passengers in 2024 and revenues will soar close to $1 trillion, both record highs,…
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Riyadh Air set to expand partnerships with more airlines
Riyadh Air is expanding its network of partnerships with established carriers around the world as Saudi Arabia’s newest airline seeks…
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OPEC+ extends output cuts to support prices until end of 2025: Statement
The OPEC+ group of oil-producing nations agreed Sunday to extend their production cuts in a bid to support prices, as…
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India’s heatwave kills at least 53 people, leaves nearly 25,000 with heat strokes
Nearly 25,000 people have suffered suspected heat stroke and 56 died after several heatwaves across India between March and May,…
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Maersk faces significant port congestion in Asia, Mediterranean
Maersk faces significant terminal congestion in Mediterranean and Asian ports, causing substantial delays in its vessel schedule, the Danish shipping…
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S&P downgrades France’s credit rating in blow to president Macron’s government
Ratings agency Standard & Poor’s downgraded France’s credit score on Friday citing a deterioration in the country’s budgetary position, a…
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