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British ministers head to the GCC for talks on new trade deal

Britain’s new trade ministers visited the Gulf region on Monday in a first joint visit for talks on a possible trade deal, the government said. Trade secretary Jonathan Reynolds and...

Markets Marcus Robinson -

Saudi Fund for Development signs first loan agreement with Dominica

Saudi Fund for Development (SFD) formalised its first development loan agreement with the Commonwealth of...

Finance Victoria Winston -

How Abu Dhabi’s investment legacy is fostering economic development

Abu Dhabi and the UAE have long been recognised as important investors in the...

Banking Aditya Dave -

UAE unveils ‘Invest in the Emirates’ campaign, fronted by Idris Elba

The UAE government has unveiled its ‘Invest in the Emirates’ campaign, fronted by Hollywood...

News Shreya Rajput -

UAE, Australia reach trade deal to boost exports, investment

The UAE has reached a trade agreement with Australia that is expected to boost...

Forex Sameer Shah -

Latest

Who could replace Humza Yousaf as Scotland’s first minister?

Scotland's First Minister Humza Yousaf said on Monday he would step down, saying he was not the right candidate to rebuild ties with other parties...

Atos sets June 5 deadline to decide on rescue plans from Kretinsky, Layani

Distressed IT consulting firm Atos (ATOS.PA), opens new tab has given itself until Wednesday to choose between two revised restructuring proposals that would dilute its current...

Norway sovereign wealth fund backs HSBC bonus policy reform

Norway's $1.6 trillion sovereign wealth fund, one of the world's largest investors, will support HSBC's proposed bonus policy change for so-called material risk takers...

Turkey inflation hits 75% in expected peak before relief

Turkish annual consumer price inflation reached 75.45% in May, a bit above expectations, official data showed on Monday, in what is expected to be...

Polish finance ministry expects to exceed debt limits in 2026 and 2027

Poland's general government debt is forecast to rise to 60.6% of gross domestic product (GDP) in 2026 and to 63.2% in 2027, according to...

Saudi leads as Gulf markets close higher; Egypt hits four-year high

Stock markets in the Gulf ended higher on Monday, led by the Saudi index on strong corporate earnings, while investors awaited the U.S. Federal...

Law firm Paul Hastings hits rival King & Spalding for latest mass hire

U.S. law firm Paul Hastings on Monday said it has hired a large team of finance and restructuring partners from King & Spalding, including...

Investors scramble to get out of the way of the rising yen

A dramatic rally in the yen is tapping one of the most powerful forces in markets: momentum. And as trend-followers who rode the currency's...

India’s Modi plans post-election reforms to rival Chinese manufacturing

Indian Prime Minister Narendra Modi plans a raft of business-friendly measures if he wins a third term this week, including pushing through regulations making...

India’s UltraTech Cement tops Q4 profit view, sees moderate demand in fiscal 2025

UltraTech Cement (ULTC.NS), opens new tab, India's largest cement maker by capacity, topped fourth-quarter profit estimates on Monday on strong sales volumes but said it...

Exclusive: Dutch PM urges Germany’s Scholz to deliver on $24 bln TenneT bid, letter shows

Dutch Prime Minister Mark Rutte has urged German Chancellor Olaf Scholz to come up with a bid for the German unit of grid firm...

Visa, Mastercard to pay $197 million to settle consumer ATM fee lawsuit

Visa (V.N), opens new tab and Mastercard (MA.N), opens new tab have agreed to pay $197 million to resolve a class action by millions of consumers accusing the...

Foreign investment in UK finance sector halves in 2023, says City of London

Foreign investment in Britain's financial and professional services halved to one billion pounds ($1.25 billion) in 2023, the City of London said on Tuesday,...

Brazil economy rebounds to start year, but flood impacts unclear

Brazil's economy rebounded in the first quarter from a sluggish second half of 2023 on stronger investments and consumer demand, official figures showed on...

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