Russia’s property tycoons are minting vast fortunes after a government move to boost the market during the pandemic helped spur a housing boom.Sergei Gordeev, the...

The International Monetary Fund warned on Friday that Australia must act to curb runaway home prices, which have surged more than 20 percent in major...

Nike has cut its sales forecast, pointing to myriad supply chain problems that are delaying deliveries of athletic gear and expected to crimp sales for...

Al Ghurair Investment, the holding company controlled by Al Ghurair family, is looking to acquire more food-related businesses in the broader Middle East and North...

US-raised Indian entrepreneur Nisha Ramisetty is co-founder of Naksha Collections, a Dubai start-up creating travel-inspired gourmet meal kits.Launched last November with business partner Sam Williams...

Developing economies in Asia will likely grow at a slower pace than earlier expected due to prolonged COVID-19 outbreaks and uneven progress in vaccinations, the...

Japan's financial watchdog said Wednesday it requested Mizuho Financial Group Inc and its banking arm Mizuho Bank to submit a work plan for system maintenance...

It has been almost impossible for investors to ignore the dizzying returns of cryptocurrencies, with Bitcoin skyrocketing more than 1,500 per cent from its March...

Cairo-based Cartona, a business-to-business platform connecting retailers to manufacturers and wholesalers, said it has raised $4.5 million in a funding round led by Dubai venture...

Toyota is dumping the big V8 engine in the latest redesign of its Tundra full-size pickup truck, a bold move in a market that likes...

Dubai’s economy is forecast to expand 3.1 per cent in 2021, helped by effective policy measures that minimised the impact of Covid-19, according to the...

US dollar strength picked up in September, with the dollar index building towards 94 levels. Sentiment has greatly eroded through the latter half of the...

Coinbase Global is bowing to pressure from US regulators and tabling plans to launch a product that would pay users interest for lending out their...

Cryptocurrency prices extended a slump on Tuesday after a broad sell-off sparked by worries about contagion from China Evergrande Group swept through global markets.Bitcoin slid...

Emergency unemployment benefits in the US expired two weeks ago, but employers who expected an increase in job applications are still largely waiting for them...

Hydrogen will dominate the talks this week at one of the biggest global energy conferences of the year, to be held in the UAE.World leaders...

Evergrande Group, China's second biggest property developer by sales, has come under increasing scrutiny in recent months as the company grapples with a severe liquidity...

India’s aviation sector is no exception when it comes to navigating pandemic-induced turbulence.But what sets it apart from others around the world is the rising...

US supermarkets can expect another plant-based meat competitor to squeeze on to shelves crowded by the likes of Beyond Meat, Impossible Foods and Tyson Foods...

We all go through phases in our personal lives when we sense we have outgrown our fashion style, a piece of furniture doesn’t represent us...

It’s been 10 years since Uniqlo’s global flagship store opened in Tokyo’s swanky Ginza district. The huge, 12-story complex became a must-visit spot for a...

Angolan state oil giant Sonangol registered a $4.1 billion net loss in 2020 as the Covid-19 pandemic hollowed out sales and the company struggles to...

Algeria is preparing a new investment law to improve its business climate and attract foreign investors.The intention is to boost the non-energy sector, Prime Minister...

Indonesia may allow foreign tourists to start returning to the popular resort island of Bali and other parts of the country by October after a...

I’m a resident of Dubai and currently work for a mainland company on an unlimited contract. I have an unofficial job offer from another mainland...

About 69 per cent of banks in Europe, the Middle East and Africa (EMEA) believe they will lose market share within two years unless they...

Streetwear pioneer Nigo was named Wednesday as the new artistic director of Kenzo, luxury group LVMH announced.Known for his celebrity collaborations, Nigo takes over from...

About $4.8 trillion were added to the global debt pile in the second quarter of this year, pushing the total to a record high of...

Thomas Emerson, 27, a British expatriate working in the UAE’s mining industry, started investing two years ago but now wishes he'd learnt some crucial money...

Rating agency Fitch said that numerous sectors could be exposed to heightened credit risk if China's number 2 property developer Evergrande Group were to default,...

Amazon.com has increased its average starting wage in the United States to more than US$18 an hour and plans to hire another 125,000 warehouse and...

Tata Sons, the holding company for India’s largest conglomerate, is considering an historic revamp of its leadership structure by creating a chief executive role to...

Apple unveiled the iPhone 13 and a new iPad mini on Tuesday (Sep 14), expanding 5G connectivity and showing off faster chips and sharper cameras...

Lebanon's finance ministry said it will receive $1.135 billion in reserve assets, known as Special Drawing Rights, from the International Monetary Fund on Thursday.It comes...

Siblings Ishaan and Aanya Thakur first learnt about cryptocurrencies from their father Manish Raj, a former Wall Street investment banker, who would tell them about...

UPS is girding for more supply chain problems in 2022 after this year's upheaval, but does not expect the disruption to cause huge spikes in...

Nearly 10 percent of Japanese firms said they will hire more regular workers, over three times as many as those that will slash them, to...

As a leader in a global industry that increasingly relies on digital platforms, I am often asked what the future of the remittance sector will...

Oman is set to recover in 2021 from the dual impact of the Covid-19 pandemic and the collapse in oil prices last year. The economy...

The drilling subsidiary of Abu Dhabi National Oil Company expects to raise approximately Dh2.76 billion ($751 million) from the planned listing of 7.5 per cent...

Orange's Stephane Richard said he wants a fourth term as chief executive of France's biggest telecoms operator after his mandate ends next May, he was...

Growing up, many of us had someone – be it a teacher, elderly neighbour or parent – who offered invaluable advice to us, from how...

“Don’t settle for good when you can get the best” is the mantra of Chirenj Chandran and Anser Abdul Latheef, two UAE-based expatriates who aim...

A U.S. private equity firm has abandoned a planned $3 billion purchase of Chinese property developer Soho China, with antitrust authorities yet to approve the...

Shares advanced in Asia on Friday as investors step up buying despite another decline on Wall Street that kept the S&P 500 and the Nasdaq...

Bank of America announced its most significant management changes since the financial crisis, replacing the chief financial officer and elevating five new members to the...

The world's poorest countries on Friday asked for more help to meet vaccination and quarantine requirements as well as costs to ensure they can take...

Toyota, the world's top-selling automaker, said on Friday it would further slash production in Japan and abroad because of ongoing virus disruptions and a chronic...

Two splendid diamond bracelets that belonged to French queen Marie-Antoinette will go under the hammer in Geneva later this year, the auction house Christie's said...

Chinese authorities have ordered gaming giants Tencent and NetEase to end their focus on profits and cut content perceived to be breeding "effeminacy", as Beijing...

China's factory gate inflation hit a 13-year high in August, as commodity prices remained elevated despite Beijing's attempts to cool them.The producer price index (PPI)...

Global sukuk issuances in 2021 are likely to remain below the record levels achieved in 2020, as higher oil prices and continued economic recovery reduce...

China’s import and export growth accelerated in August despite disruptions due to the spread of the coronavirus’s delta variant.Exports rose 25.6% over a year earlier...

A storm is brewing – one we cannot allow to gain too much momentum. A pullback in financing for traditional energy platforms, notably oil, has...

My family back home has needed extra financial help from me for the past couple of months. This has meant I have missed two monthly...

Standard Chartered has signed a deal with Singapore’s biggest trade union group to form a digital bank, the British lender’s second virtual business in the...

The cryptocurrency linked to the Solana network has jumped to the seventh spot among the world’s top 10 virtual coins amid optimism that the blockchain...

First, carmakers thought the worst of the chip shortage would be in the first half of the year. Then, it was the third quarter. Now,...

Jatin Gupta laughs at the memory of transferring money to India just a few years ago. He remembers how he would first withdraw cash from...

Back in the spring, a shortage of computer chips that had sent auto prices soaring appeared, finally, to be easing. Some relief for consumers seemed...

In the run-up to November’s Cop26 conference, four recent publications illustrate just how difficult it is to tackle climate change.The technical solutions are well-understood and...

Global growth is slowing, the latest economic data for August has shown.The extent of the slowdown – and in some regions a contraction – depends...

The UAE’s economy is expected to grow by more than 4 per cent this year as the country continues to roll out initiatives to help...

Any start-up entrepreneur knows that getting a business off the ground involves wearing multiple hats and requires heavy involvement in the design process of your...

Business activity in the non-oil private sectors of the Arab world’s two biggest economies continued to improve in August, with output growth driving the fastest...

Americans have become obsessed with collectibles, bidding up prices for trading cards, video games and other mementos of their youth. The frenzy has brought small...

Landing a waitressing job or bartending gig at the Lost Dog Cafe in Northern Virginia had never been easy.“Help Wanted” signs were a rarity, and...

Companies around the world are increasingly willing to link their borrowing costs to gender equality, as they face pressure to lift the number of women...

Gender neutral toy aisles could become compulsory in California department stores, under rules being considered in the state's legislature.The bill will not ban separate areas...

Myanmar’s economy is in free fall after the February 1 coup that threw the country into substantial turmoil and probably decades back in development, and...

Hyundai unveiled the design of its Casper micro SUV on Wednesday.The new subcompact will be manufactured by Gwangju Global Motors, a joint venture between Hyundai...

China will be looking to boost its investments in Afghanistan's mining sector, as the Taliban take over the reins of the country following the withdrawal...

The OPEC oil producers' cartel and allied non-member countries led by Russia signed off Wednesday on gradually increasing production as the global economy and demand...

Australia's economy expanded more than expected in the second quarter, data showed Wednesday, easing concerns that the country could suffer a double-dip recession as it...

The world will fall short of reaching Paris Agreement goals to reach net-zero emissions by mid-century, even if all power generated by then is green,...

Hong Kong's leader doubled down on her zero-COVID strategy on Tuesday, brushing off growing pushback from the business community over the city's indefinite international isolation.The...

Thin summer liquidity often leads to exaggerated price action, although volatility in foreign-exchange markets remains near recent lows.But Friday’s long-awaited speech by US Federal Reserve...

Profits at the four largest banks in the UAE grew during the first half of this year as operating conditions improved and impairment charges for...

Abu Dhabi food and beverages company Agthia acquired snacks maker BMB Group, marking its second acquisition within the healthy foods category as it seeks to...

London's once bustling City finance district is grinding back to life, but it bears the scars of the deadly pandemic, sparking fresh questions over the...

Opec+, the group behind historic market corrections, is set to meet for its monthly ministerial meeting on September 1 to decide whether to bring 400,000...

No matter your age, you can always learn from previous generations' money mistakes to help you make more prudent financial decisions.Generation Z typically does not...

Toyota Motor Corp said Monday its global output increased 11.9 percent in July from a year earlier to 773,135 vehicles, but the pace of increase...

Global energy major Royal Dutch Shell plans to add new clean energy projects in Oman and boost its renewables portfolio as the sultanate aims to...

Trading and investment platform Saxo Bank said it registered a 200 per cent annual growth in the number of new female investors in the UAE...

As the Covid-19 pandemic keeps several airline fleets grounded, carriers are accelerating the retirement of aircraft, leading to a surge in the dismantling and trading...

Non-hydropower-based renewables – which refers largely to wind and solar power – will account for 72 per cent of global capacity growth between 2020 and...

I am working on a limited contract. I have submitted my resignation to my company and they are asking me to serve a one-month notice...

The prices of private homes in Hong Kong rose 0.46 per cent in July, official data showed on Friday, just short of a record high.The...

Japan’s Pokemon Center megastores are pretty amazing. Stocked with just about every plushie, toy, and trinket you could imagine for the Pokemon franchise, the happy...

Democratic Republic of Congo's government is reviewing its $6 billion "infrastructure-for-minerals" deal with Chinese investors as part of a broader examination of mining contracts, Finance...

The slow rollout of coronavirus vaccines will cost the global economy $2.3 trillion in lost output, a report released Wednesday found.The Economist Intelligence Unit's study...

One in 10 of Korea's burgeoning cryptocurrency exchanges will be shut down from Sept. 25 because they do not meet even the country's lax requirements...

The Bank of Korea on Thursday raised the base interest rate by 0.25 percentage point to 0.75 percent.The hike was the first since the era...

Facebook and Netflix have been slapped with huge fines in Korea for collecting and using personal information such as facial recognition data without consent.The Personal...

Federal Reserve head Jerome Powell has built a reputation as a skilled advocate for the US central bank, thanks to strong personal ties forged with...

For months, Gabrielle Walker had been looking for a part-time job. She applied to restaurant chains and retailers like Nando’s and Primark, and she scoured...

Airbnb opened the doors of its properties to 20,000 Afghan refugees globally Tuesday and sought assistance from hosts who rent property through the home-sharing company...

Korean businesses of all sizes in Vietnam are panicking as the country's biggest city Ho Chi Minh went into brutal lockdown amid spiraling coronavirus infections.The...

The major commercial districts in Seoul have been even more devastated by coronavirus lockdowns in the first half of the year even as other tourist...

Ready meals or meal kits, once the last refuge of the terminally lazy, have become almost a staple of many people's lives in the pandemic.Meal...

European business leaders have warned that Hong Kong's stringent quarantine measures have left its residents "indefinitely trapped" in the city, threatening its status as an...

Bitcoin topped the closely watched $50,000 level again in an ongoing recovery in the cryptocurrency market from a disorderly rout only three months ago.The largest...

Majid Al Futtaim, the Middle East's largest mall-operator, said first-half earnings climbed 2 per cent as the region's economic recovery continued despite the impact of...

Abu Dhabi Islamic Bank, the biggest Sharia-compliant lender in the emirate, launched a digital-only bank to tap into the UAE’s growing segment of tech-savvy youths.The...

Lebanese officials agreed on Saturday to effectively reduce subsidies on fuel imports, a move that is expected to increase prices at the pump while easing...

Off-plan property sales in Dubai quadrupled in July, boosting the emirate's property market transactions during the month, as the UAE economy continues to recover from...

US Treasury Secretary Janet Yellen has told senior White House advisers she supports reappointing Jerome Powell as Federal Reserve chairman, according to sources.President Joe Biden...

A super tanker that blocked the Suez Canal is heading back to Asia, authorities said, five months after it became wedged across the vital waterway...

I am currently out of the country and my employer has terminated me. My visa expires in October. What happens if my employer doesn't cancel...

The pandemic has accelerated the pace of technological advances in health care, from video consultations to artificial intelligence-powered triage, and medically underserved East Africa is...

Asian stock markets fell Friday as worries surrounding the spread of the Delta variant again took center stage.Tokyo’s benchmark Nikkei 225 lost 1% to 27,013.25...

China passed a sweeping privacy law aimed at preventing businesses from collecting sensitive personal data Friday, as the country faces an uptick in internet scams,...

China Petroleum and Chemical Corp, also known as Sinopec, has launched the first phase of the Gulei refining complex in Zhangzhou city in China's southeastern...

Australian airline Qantas said Wednesday it would make COVID-19 vaccines mandatory for staff, as the company bids to get planes back into the skies.The national...

Nissan has revealed the all-new 2023 Z sports car in a global broadcast from Brooklyn’s Duggal Greenhouse, about five miles from where the original 1970...

Job vacancies in the UK have spiked to their highest recorded level, official figures showed Tuesday, in a further sign that the British economy is...

Demand for travel is set to bounce back, with almost 70 per cent of global consumers planning to travel domestically in the next six months...

Hyatt Hotels will buy resort-management company Apple Leisure Group from two private equity firms for $2.7 billion.Apple Leisure manages about 100 resorts with more than...

The housing market is growing volatile as the average apartment price in Seoul surpassed W1.1 billion even in government statistics and in the entire capital...

The Korean won has fallen to the lowest level against the U.S. dollar in almost a year. The won closed down W7.3 at W1,176.30 against...

Electric car and van startups racing to become the next Tesla Inc all want to avoid Elon Musk's journey through "manufacturing hell."But electric vehicle firms...

BT named Adam Crozier as its next chairman on Tuesday, saying the experienced operator would take over the roll on December 1 to see the...

China’s economic growth will soften this year due to summer flooding and anti-coronavirus controls, an official said Monday, after consumer sales and other activity weakened...

Japan's economy grew slightly in the second quarter, recovering from a slowdown at the start of the year despite continuing virus surges and restrictions, data...

Thailand's economy unexpectedly grew in the second quarter from the first helped by exports and government spending, but spiking COVID-19 cases continue to batter domestic...

Chinese steel futures declined on Monday (Aug 16), with rebar leading the declines after falling to a more than 10-day low, as slower-than-expected growth in...

China's central bank injected billions of yuan through medium-term loans into the financial system on Monday, which many market participants interpreted as an effort to...

Dubai-listed investment firm Amanat Holdings swung to a net profit in the second quarter on the back of a recovery in its healthcare assets, streamlining...

German sportswear company Adidas has entered into an agreement to sell its underperforming Reebok business to retail conglomerate Authentic Brands Group for up to €2.1...

Hong Kong’s home prices have jumped to a record high, joining other global real estate markets that are soaring on low mortgage rates and rising...

A pilot programme to promote hiring based on skills rather than a candidate’s educational qualifications was introduced on Saturday (Aug 14) by networking site LinkedIn.The...

The number of Americans seeking unemployment benefits fell for a third straight time last week, the latest sign that employers are laying off fewer people...

Struggling Hong Kong carrier Cathay Pacific on Wednesday reported a $972 million net loss in the first six months of 2021 as the pandemic continues...

An acute labor crunch amid the coronavirus pandemic is boosting U.S. wages, with many large chains now paying $15 an hour, a minimum level long...

Samsung on Wednesday unveiled the Galaxy Z Fold and Z Flip 3 phones on Wednesday which represent its best hope to shore up its dwindling...

The number of small businesses that employ workers other than the owner has been dwindling for 32 months.They were hit hardest by the raise in...

Egypt’s annual inflation rate reached a seven-month high, the state-run statistics agency Capmas said on Tuesday. Prices increased to 5.4 per cent in July, the...

My salary was reduced by 30 per cent last year because of the Covid-19 pandemic. Before this happened, I was managing my debts and had...

A Chinese court on Wednesday (Aug 11) jailed Canadian businessman Michael Spavor for 11 years for spying, a sentence swiftly condemned by Prime Minister Justin...

Japanese technology company SoftBank’s fiscal first quarter earnings dropped 39% because of the absence of the cash benefit from the merger of Sprint, which boosted...

Nissan says its huge factory in Smyrna, Tennessee, will close for two weeks starting Monday due to computer chip shortages brought on by a coronavirus...

Hanwha Solutions will acquire a French renewable energy company to expand its business amid the global effort to reduce carbon emissions.The company said Monday it...

China Telecom could raise more than $8 billion in a Shanghai initial public offering that would be the biggest this year, months after it was...

Businesses large and small, from McDonald’s and Home Depot to local yoga studios, are reinstituting mask mandates as U.S. coronavirus cases rise. Bars, gyms and...

The economic outlook for the Philippines ’ capital region has become even more gloomy after more than 24 million people have been plunged into a...

India's Supreme Court on Monday said an antitrust investigation into business practices of Amazon.com Inc and Walmart's Flipkart must continue, rejecting demands of the two...

Bitcoin and Ether have reached their highest levels in more than two months after a major ethereum upgrade, defying uncertainty over cryptocurrency rules in the...

It's always "better to shop a little early" for the holidays, but this year, says Judy Ishayik, co-owner of a New York toy store, "We...

United Airlines will require employees in the U.S. to be vaccinated against COVID-19 by late October, perhaps sooner, joining a rising number of big corporations...