News

PETALING JAYA: The government’s decision to cut ministry spending in response to disruptions from the Iran‑related oil shock will compel all agencies to optimise costs and reprioritise their budgets, says...

TOKYO: Japan’s finance minister hinted strongly today that Tokyo was close to intervening in the market to support the yen, after the currency slipped to its lowest level against the...

MADRID: Spain’s dynamic economy withstood the turmoil unleashed by the Middle East war to post 0.6% growth in the first quarter (Q1), in line with expectations, official data showed today....

BANGKOK: Rice supply is expected to fall this year as farmers cut planting acreage across Asia because of fertiliser shortages and soaring fuel costs from the Iran war, with an...

LONDON: Two-year German bond yields headed for a ninth daily rise today as oil prices shot up following a report that the US is considering renewed military action against Iran,...

LONDON: Unilever’s first-quarter underlying sales growth beat expectations today, driven by a return to volume-led growth in emerging markets and strong demand for its “power brands”, including Dove and Vaseline,...

PARIS: Global automaker Stellantis — owner of the Jeep and Fiat brands — said Thursday it had swung back into profit in the first quarter on rising sales as it...

DHAKA: Bangladesh will sign a US$3.7 billion deal with Boeing today to acquire 14 planes over the next decade for its national carrier Biman Bangladesh Airlines, the state news agency...

FRANKFURT: Volkswagen on Thursday reported another big drop in quarterly profits as the struggling German auto giant battles challenges from the US tariff blitz to fierce Chinese competition. The 10-brand...

DUBAI: The UAE’s decision to quit Opec and Opec+ has brought years of tensions with Saudi Arabia out into the open, marking a strategic break with Saudi-led oil governance in...