US new home sales surprisingly strong in August

WASHINGTON: Sales of new homes rose faster than analysts expected last month in the United States, according to government data released Friday, though prices...

Delivery robots take the strain out of shopping in UK town

MILTON KEYNES: It's famous for its roundabouts and statues of concrete cows. But the English town of Milton Keynes now has another claim to...

Evergrande’s founder calls for construction, sales to resume

BEIJING: The head of teetering Chinese developer Evergrande has urged staff to resume construction and sales to deliver properties, state media reported yesterday, as...

South African Airways resumes flights after bankruptcy

JOHANNESBURG: South Africa's embattled national airline yesterday flew its first plane since March 2020 after emerging from bankruptcy proceedings. Passengers on the South African...

Asian markets rally on easing Evergrande fears, comments

HONG KONG: Asian markets rose yesterday as concerns about a collapse of troubled property giant Evergrande receded for now, while investors were also cheered...

Lebanon raises fuel prices as subsidies are phased out

BEIRUT: Crisis-hit Lebanon yesterday raised fuel prices for the second time in less than a week amid severe rationing spurred by the collapse of...

ADB cuts Asia growth forecast on slow COVID vaccine rollout

MANILA: The Asian Development Bank warned of "lasting scars" from the coronavirus pandemic as it cut its 2021 growth forecast for developing Asia on...

Evergrande agrees deal to avoid default on key bond

BEIJING: Embattled Chinese property titan Evergrande said yesterday it had agreed a deal with domestic bondholders that should allow the conglomerate to avoid missing...

Airline sector relieved over US decision to lift travel ban

PARIS: The United States' decision to lift restrictions on incoming travellers vaccinated against COVID-19 was met with a sigh of a relief by the...

Afghan merchants fear for future amid rise of costs

KABUL: Merchants in the historic Afghan trading city of Herat fear for their future after being hit by Taleban tax collection and a backlog...

OECD lowers global, US economic growth forecasts

PARIS: The OECD warned yesterday of an "uneven" global economic recovery as it lowered its 2021 growth forecasts for the world and the United...

Chinese property tycoon loses $1 billion in Evergrande panic

BEIJING/HONG KONG: The boss of a Shanghai-based property developer lost more than a billion dollars yesterday, as fears over the potential collapse of Chinese...

E Paper

24th September