Cuts to US Oil Jobs and Spending Threaten Output Growth
The US oil industry has laid off thousands of workers and cut billions in spending due to lower oil prices and the biggest consolidation in…
Category: BUSINESS
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Al-Rumayyan: Saudi PIF Targets $1 Trillion Assets by Year-End
Yasir Al-Rumayyan, Governor of Saudi Arabia’s Public Investment Fund (PIF), has said the sovereign wealth fund is preparing to unveil a new long-term strategy within…
Volkswagen Unveils Compact Electric SUV ahead Munich Car Show
Volkswagen unveiled a concept for a new small electric SUV on Sunday as part of the automaker’s push to offer affordable battery-powered vehicles amid greater…
SpaceX snaps up EchoStar spectrum for $17B
SpaceX plans to deploy the new airwaves for its direct-to-cell service, designed to provide broadband-speed satellite connectivity directly to ordinary smartphones SpaceX’s $17B spectrum buy…
Coinbase Drops Out of the Top 10 Exchanges Holding XRP
The XRP reserve of prominent US-based cryptocurrency exchange Coinbase has continued to dwindle, with the unexplained dump sparking controversy. “XRP Liquidity” called the community’s attention to yet…
Doha to host 7th GCC Businesswomen Forum in November
Doha, Qatar, The Federation of Gulf Cooperation Council Chambers (FGCCC), in cooperation with the Qatar Chamber and with the support of the General Secretariat of…
China’s Export Slows in August as US Tariffs and Trade Bite
China’s exports grew last month but at a slower pace than in recent months, the country’s customs agency said Monday. Exports reached $321.8 billion in…
European Automakers Confront Tariffs, Chinese Rivalry at Munich Car Show
Major automakers will showcase their latest models at Munich’s car show on Monday as Europe’s automotive sector faces crises ranging from US tariff hikes to…
Microsoft cloud services disrupted by Red Sea cable cuts
Microsoft’s Azure cloud services have been disrupted by undersea cable cuts in the Red Sea, the US tech giant says. Users of Azure – one…
Gold Poised for Best Week in Three Months; US Jobs Data on Tap
Gold rose on Friday and headed for its best week in three months, supported by growing expectations of a Federal Reserve rate cut this month,…