Economy

Chinese smartphone maker Xiaomi reports 13.6% rise in Q1 revenue.

Xiaomi Corp reported a 13.6% rise in first-quarter revenue on Wednesday, beating estimates even as demand for its smartphones plunged amid the coronavirus pandemic...

Oil prices rise on demand prospects as lockdowns start to ease.

Brent crude futures hit a high of $28.57 a barrel and were up 4.8 per cent, or $1.31, at $28.51. Oil prices rose on Tuesday,...

UAE stock markets recover after 2 days of losses

Oil prices rose on Tuesday, extending gains from the previous session. The UAE stock markets reversed the trend on Tuesday, recovering after two consecutive days...

Coronavirus: The oil market’s six-week plunge.

A look back at a tumultuous period for black gold after U.S. crude oil futures collapse below $0 for the first time in history. Oil...

Covid-19: World faces worst crisis since Great Depression: International Monetary Fund.

IMF chief Kristalina Georgieva says the horrendous global economic situation could get even worse next year due to the fallout of the coronavirus pandemic. The...

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