Business
Latest stories
Qatar Must Tackle 'Culture of Consumption', Says Emir

Qatar's emir said Tuesday that the super-rich Gulf state must tackle its "culture of consumption" as it deals with the sharp decline in world energy prices.

In a speech to mark the opening session of Qatar's Advisory Council, Sheikh Tamim bin Hamad Al-Thani also called for the elimination of "extravagance and waste" as the emirate faces its first budget deficit in 15 years.

W140 Full Story
EU Calls for Investment in Tunisia

EU foreign policy chief Federica Mogherini on Tuesday called for more investment to revive the economy of Tunisia, home country of the Arab Spring, calling it a "strategic priority".

W140 Full Story
Largest US Oil Pipeline Shut Off after Deadly Blast

The largest gasoline pipeline in the United States remained shut off Tuesday in the southern state of Alabama following an explosion that killed one and injured five, as crews battled to control the resulting wildfire.

W140 Full Story
US Markets on Edge for More Election Surprises

Bombshells notwithstanding, US stock markets still see a victory by Republican presidential candidate Donald Trump as the less likely outcome of the November 8 vote, analysts say.

But if he does defeat Hillary Clinton, the Democratic nominee, the reaction could be dramatic. What is less clear is whether that initial post-vote market reaction will last. 

W140 Full Story
Bank of Japan Delays Inflation Goal in Blow to 'Abenomics'

Japan's central bank on Tuesday again pushed back the timeline for hitting its inflation goal, the latest policy change that has raised questions about its attempt to revive the deflation-plagued economy.

The Bank of Japan has for more than three years embarked on a bond-buying stimulus programme to try to keep interest rates ultra-low and increase borrowing and spending.

W140 Full Story
Saudi Finance Minister Sacked by Royal Decree

Saudi Arabia on Monday sacked its veteran finance minister as the kingdom undergoes a major economic restructuring because of lower oil revenues.

W140 Full Story
U.S. Stocks Dip as Presidential Polls Tighten

Wall Street stocks edged lower Monday as rising uncertainty over the U.S. presidential campaign countered the lift from major acquisitions by General Electric and CenturyLink.

Markets are recalibrating the U.S. presidential contest after the shock FBI announcement that it was reviewing a newly discovered trove of emails linked to Hillary Clinton's controversial private server, which sent shares tumbling Friday.

W140 Full Story
Eurozone Growth Stable as Inflation Picks Up

Economic growth in the eurozone remained low but stable in the third quarter as inflation rose to a 27-month high amid fears over Brexit and major elections in France and Germany.

W140 Full Story
Egypt Tourism in Limbo Year after Russian Plane Bombing

A year after jihadists bombed a Russian plane carrying holidaymakers in Egypt, tourism shows little sign of recovery in the Arab country grappling with an economic crisis.

W140 Full Story
EU, Canada Sign Long-Delayed Trade Deal after Belgian Drama

Canadian Prime Minister Justin Trudeau and European Union leaders on Sunday finally signed a landmark trade deal seven years in the making, after it was nearly being torpedoed by a small region of Belgium.

W140 Full Story