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...

Germany’s DAX struggles as index grows to 40 firms

FRANKFURT: The DAX fell 2.6 percent in trading yesterday to its lowest level since July, as market turmoil marred the German blue-chip stock market...

Pandemic speeds innovation shift to Asia: UN

GENEVA: The COVID-19 pandemic sped up the shift of innovation from Europe and North America towards Asia, UN world rankings showed Monday. The Global...

Soaring rents spark housing seizure referendum in Berlin

BERLIN: In her apartment in suburban Berlin, Regina Lehmann despairs at the letter from her landlord, a big real estate group: the rent is...

Fed expected to stay cautious amid mixed signals

WASHINGTON: With the United States on the upswing from the COVID-19 pandemic, the Federal Reserve is expected to weigh in next week on whether...

Canada vote heralds more govt spending

OTTAWA: Canada spent hundreds of billions of dollars to aid workers and keep businesses afloat during the pandemic, causing its national debt to soar....

IMF chief denies altering World Bank report to appease China

WASHINGTON: IMF chief Kristalina Georgieva disputed an independent investigation which found that in her previous job at the World Bank, she pressed staff to...

Critics warn of Apple, Google ‘chokepoint’ repression

WASHINGTON: The global dominance of tech giants serves as a convenient online chokepoint for authoritarian governments to crack down on dissent or rig elections,...

China losing battle to sell its ‘win-win’ deals to Congolese

KINSHASA: Much has ground to a halt during the coronavirus pandemic, but not the march of Sino-Congolese friendship. Or so the Chinese embassy in...

E Paper

26th September