• Nigeria looks to revive ailing palm oil sector

    OKOMU, Nigeria: Standing beside the piles of dark red palm fruits ready for crushing for their essence, Nigerian farmer Micah Ojo hopes to cash in on the government’s drive to revive the country’s once thriving palm oil business. 

    Read More
  • Supply chain woes dog global recovery

    PARIS: Power outages in China, chaos in Britain’s petrol stations, factory closures in Germany-supply chain problems around the world are threatening to gnarl up a global recovery as countries try to re-emerge from pandemic-induced recessions. 

    Read More
  • Mounting gas rates buoy oil prices ahead of OPEC+ meet

    LONDON: The sharp rise in wholesale gas prices is spilling over into the oil market, with looming demand for electricity generation and heating likely to further spur the sector this winter. 

    Read More
  • New York’s street vendors still waiting for COVID recovery

    NEW YORK: After his small Manhattan food stand lost its customers during the coronavirus pandemic, Abdul Rahman-an Afghan vendor who arrived in New York in 1992 — has resumed service, albeit at a fraction of former business since offices are still far from full. 

    Read More
  • Dubai Expo ‘new city’ will exist for decades, says chief

    DUBAI: Dubai has created a “new city” for Expo 2020 that will exist for decades, the head of the event told AFP, promising most of the vast site will remain in use after the six-month world fair. The $7 billion, purpose-built showground occupies a vast site on Dubai’s outskirts, with hundreds of pavilions and exhibitions sprawling across an area twice the size of Monaco.

    Read More
  • Thousands brave heat as delayed Dubai Expo opens

    DUBAI: Thousands of people toured Dubai’s Expo 2020 on the opening day on Friday, braving hot temperatures as the COVID-delayed world fair finally opened its doors one year late. 

    Read More
  • Tata emerges frontrunner to acquire Air India

    NEW DELHI: India’s conglomerate Tata Group has emerged as the frontrunner to acquire debt-stricken Air India as the government looks to close one of its most ambitious disinvestment projects, sources revealed.

    Read More
  • Walmart to hire 150,000 US workers ahead of holiday season

    CHICAGO: Walmart announced Wednesday it will hire 150,000 more workers in the United States, joining other large companies in staffing up ahead of the holiday shopping season. The nation’s biggest private employer, Walmart said “most” of the new positions in its home market would be permanent, full-time roles spread across the country.

    Read More
  • Philippine economy to take 10 years to recover from virus

    MANILA: The Philippine economy will take more than a decade to return to pre-pandemic growth, an official said yesterday, warning the next two generations of Filipinos would be paying for the cost of COVID-19.

    Read More