Bitcoin fell over 6 percent on Friday to its lowest in two weeks as a rout in global bond markets sent yields flying and sparked a sell-off in riskierassets.It was last trading down 1 percent at $46,671, on course for a drop of almost 20 percent this [Read story...]

India’s economy grew 0.4 percent year-on-year in the final quarter of 2020, official data showed on Friday, ending its first recession since independence as easing coronavirus restrictions sparked a modest recovery.The country has struggled to claw [Read story...]

Global stocks fell on Friday, with emerging market and Asia shares hardest hit, as a recent rout in global bond markets spooked investors amid fears the heavy losses suffered could trigger distressed selling in other assets.MSCI’s Emerging Markets [Read story...]

British Airways-owner IAG is counting on digital health passes to help spur a travel recovery this summer, after the pandemic pushed it to a record 7.4 billion euro ($9 billion) loss last year, when it ran just a third of normal flights.Tighter trave [Read story...]

Stock trading app Robinhood on Friday confirmed it is cooperating with inquiries from US regulators into its decision to temporarily throttle purchases of shares in companies such as GameStop during frenzied trading in January.The free brokerage plat [Read story...]

The International Monetary Fund urged Tunisia on Friday to cut its wage bill and limit energy subsidies to reduce a fiscal deficit, putting more pressure on the fragile government amid a severe financial and political crisis.With the coronavirus pand [Read story...]

Bitcoin is at a “tipping point” and could either become the preferred currency for international trade or face a “speculative implosion,” Citianalysts said. With the recent embrace by the likes of Tesla Inc and Mastercard Inc, bitcoin could b [Read story...]

MTN Group remains committed to negotiating a $65 million sale of its 75 percent stake in its Syrian unit, the South African mobile operator said on Sunday, despite the business being placed under judicial guardianship last week.MTN Syria was placed u [Read story...]

The World Trade Organization’s (WTO) first female and first African director-general Ngozi Okonjo-Iweala began work on Monday, ending a six-month leadership void by vowing to unblock negotiations on rules to stop over-fishing.After a long campaign [Read story...]

Dubai-listed healthcare firm Amanat Holdings has bought long-term care firm Cambridge Medical and Rehabilitation Center for an enterprisevalue of $232 million from private equity firm TVM Capital Healthcare. Amanat said the deal was its first wholly [Read story...]

Reuters State-owned Saudi Arabian Airlines (Saudia) plans to order 70 airliners from Airbus and Boeing, Saudi news outlet Maaal reported onMonday, citing unidentified sources. Saudia is in talks with local banks to raise 11.5 billion riyals ($3.07 b [Read story...]

China’s aviation regulator said on Monday that its major safety concerns with the Boeing Co 737 MAX have to be “properly addressed” before conducting flight tests, but it is studying a plan with US planemaker for recertification of the aircraft [Read story...]

Egypt will start registering millions of gig workers in order to offer them health insurance and emergency state aid during the coronavirus pandemic, which has taken a particularly heavy toll on the nation’s ad-hoc employees, officials said. There [Read story...]

Kuwaiti cabinet proposes new amendments to public debt law, MP saysThe Kuwaiti government has proposed new amendments to the country’s public debt law, including capping borrowing to maximum 60 percent of gross domestic product, the head of a parli [Read story...]

Tencent Cloud, the cloud computing arm of Chinese technology giant Tencent Holdings, will launch an internet data center in Bahrain by the end of 2021, Bahrain said on Monday.For the latest headlines, follow our Google News channel online or via the [Read story...]

Abu Dhabi’s state holding company ADQ is worth $110 billion, sovereign wealth fund tracker Global SWF said, the first publicly available estimate of ADQ’s assets under management.Established in 2018, ADQ has gained prominence in the past year as [Read story...]

Saudi Arabian Mining Co (Ma’aden), the Gulf’s largest miner, plans to boost the capacity of its major fertilizer project in the north of the country thisyear as it expects demand to rise, its chief executive told Reuters on Monday. Ma’aden, whi [Read story...]

Property market in Dubai may “bottom out next year after weathering a tough 2020, according to S&P Global Ratings.“We already had a supply and demand imbalance in the market even before the pandemic, and after Covid-19 the situation just got [Read story...]

Online review platform Trustpilot said Monday it plans to sell shares in London, in a stock offering that helps shore up the city’s status as a financial hub and destination for tech companies after Brexit.For the latest headlines, follow our Googl [Read story...]

Germany exported 30 percent less goods to Britain in January compared to a year ago, official estimates showed Tuesday, with demand hurt both by Brexit and the coronavirus pandemic.Federal statistics agency Destatis said German exports to Britain hav [Read story...]

Turkish President Recep Tayyip Erdogan said late on Monday that exports rose 9.6 percent year-on-year to more than $16 billion in February, with the foreign trade deficit declining 15.3 percent in the first two months of the year.For all the latest h [Read story...]

The United Arab Emirates’ telecommunications company Etisalat increased profit by $224 million (AED821 million) to $2.8 billion (AED10.3 billion) in 2020, according to results posted to the Abu Dhabi Securities Exchange on Tuesday.Etisalat, of whic [Read story...]

Kuwait is trying to cover its fiscal shortfall through asset swaps and tapping its sovereign wealth fund, as a standoff between government and parliament pushes the cabinet to look for palliative measures while structural reforms remain deadlocked. T [Read story...]

Boeing’s technical and financial woes could see smaller players try to grab some of the US major’s aviation market share, an expert said. Joint ventures such as CRAIC, between Russian and Chinese firms, may grant more weight to such a challenge, [Read story...]