• US summit lifts climate hopes

    WASHINGTON: US President Joe Biden yesterday ramped up US ambitions on slashing greenhouse gas emissions, putting the United States back at the forefront with a summit he hopes brings the world closer to limiting climate change. 

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  • Oil prices recover one year on from historic subzero plunge

    LONDON: One year ago, crude oil prices plunged into the abyss, wiped out by the global coronavirus pandemic and disagreement within OPEC. Twelve months on, prices have recovered and are rising, boosted by the global vaccination rollout and brightening optimism over demand. 

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  • Nigerians feel squeeze as prices soar

    LAGOS: Nigerian haulage operator Waheed Ibikunle and his family used to eat boiled eggs every day as part of their breakfast. With the price of a crate of eggs almost doubling since January to 1,500 naira ($4), the family has had to cut them from their daily diet. 

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  • Boeing CEO Calhoun given more time to chart comeback

    NEW YORK: Boeing announced on Tuesday that David Calhoun would remain CEO potentially through 2028 as the aviation giant navigates a multi-year comeback following the 737 MAX scandal and the COVID-19 travel industry collapse. 

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  • Millions of Americans are jobless, yet firms struggle to hire

    WASHINGTON: More than a year into the COVID-19 pandemic, millions of American remain jobless, but even as the economy reopens some employers are finding hiring an unexpected challenge. 

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  • Graveyard: China’s failed share-cycle scheme from above

    BEIJING: Handlebars tight in snaking rows of color, thousands of abandoned bicycles line an open field outside the city of Shenyang, relics of a shared bike mania that has overwhelmed China’s cities. 

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  • Hybrid leader Toyota turns on electrics

    SHANGHAI: Toyota, which pioneered hybrid cars, unveiled Monday plans for its first global line-up of battery electric vehicles as other carmakers have pulled ahead in electrification. 

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  • Dubai leasing firm buys Boeing’s troubled MAX jets

    PARIS: US plane builder Boeing said yesterday that it had sold 15 of its troubled 737 MAX jets to Dubai Aerospace Enterprise, a leasing company, for an undisclosed amount. 

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  • Facebook unveils audio push, adds podcasts

    SAN FRANCISCO: Facebook on Monday said it is adding podcasts and “live audio rooms” in a push to get people talking and take on the fast-growing audio-based app Clubhouse. 

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