Economy
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Egypt will halt summer load-shedding power cuts Sunday, PM says
Egypt will halt load-shedding power cuts during the summer as of Sunday, after some natural gas shipments arrived, Prime Minister…
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Amazon fight off landmark union bid by UK staff
US e-commerce giant Amazon has fractionally fought off a bid by workers in Britain to win union recognition for the…
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Egypt total budget deficit at $10.48 billion in 2023/24, finance minister says
Egypt’s total budget deficit fell to 505 billion Egyptian pounds ($10.48 billion) in the fiscal year 2023/24 that ended June…
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Russian ruble strengthens slightly after weakening in Monday’s session
The Russian ruble strengthened slightly against the dollar on Tuesday after weakening a day earlier, the first day of trading following…
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China waits anxiously for economic plan as gloom reigns
Rows and rows of partially inhabited high-rises sprawl into the suburbs of the northern Chinese metropolis of Tianjin, their empty…
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US importers balk at return of $10,000 container shipping rate
The cost to ship a standard 40-foot container of toys, auto parts or other goods from Shanghai to New York…
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Thailand’s manufacturing sector faces crisis as Chinese imports soar
When Chinese electric vehicle maker BYD opened its first Southeast Asian factory in Thailand earlier this month, the nation of 66 million…
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Baltic countries to leave joint power grid with Russia and Belarus
The power grid operators of Estonia, Latvia and Lithuania have signed an agreement to decouple from the Soviet-era joint BRELL…
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Former China Energy exec given life sentence for taking bribes, state TV reports
A former senior official from mining and utility group China Energy Investment Corp was given a life sentence on Tuesday…
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Crew of capsized oil tanker off Oman still missing, maritime center says
The 16-strong crew of a Comoros-flagged oil tanker that capsized off Oman are still missing, the country’s maritime security center…
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