By Sudarshan Varadhan, Ruth Chai and Adrian PortugalPeople in the Philippines are flocking to install solar power on rooftops and escape the burden of soaring electricity prices, making it the world's biggest spender on solar panels since the war in Iran started.Top power distributor Meralco has ra…
British companies expectations for growth in the coming quarter fell this month to their lowest level this year, according to a survey on Monday that added to a run of downbeat business sentiment readings.The Confederation of British Industry (CBI) said its gauge of expected output volumes for the…
TOKYO (dpa-AFX) - Japan will on Monday release May numbers for retail sales, highlighting a light day for Asia-Pacific economic activity. Sales are expected to rise 3.1 percent on year, up from 2.1 percent in April.Japan also will see May figures for construction orders and housing starts; in April…
The Bank for International Settlements argued that stablecoins still do not measure up as money in its Annual Economic Report 2026, released Sunday at its yearly general meeting in Basel, Switzerland.In a chapter titled "Anchoring trust in money: innovation beyond stablecoins," the report judges to…
Andy Burnham, the Labour lawmaker expected to replace Keir Starmer as British prime minister, will outline his vision for Britain on Monday, his office said, promising to change how the nation is governed with power moving from London to the regions.Burnham, who returned to Westminster earlier this…
The European Banking Authority on Friday unveiled a sweeping framework to penalize cryptocurrency issuers that violate the European Union’s digital-asset laws, signaling a tougher enforcement stance as the trade bloc finalizes its historic regulatory architecture.The consultation paper published Ju…
--Hot Weather, Rising Stock Markets Seen Lifting Retail Sales in May, Job Creation Continues, Factory Output to Extend Monthly Gain on Export Demand(MaceNews) – The tentative U.S.-Iran peace agreement has led crude oil prices lower to pre-war levels, calming jitters among policymakers and investors…
Cairo — Egypt is sharpening its push into the global offshoring market, placing digital freelancers at the center of a broader strategy to scale cross-border digital services and expand export-driven growth, as competition for digital talent intensifies worldwide.Mahmoud Sofrata, Vice President for…
Majda MuhsenIraq's National Housing Policy 2025-2030 aims to reduce the country's housing deficit by half by the end of the decade through large-scale residential developments and greater private-sector participation, according to the spokesperson of Ministry of Construction, Housing, Municipalitie…
Manama: BENEFIT, the Kingdom’s innovator and leading company in Fintech and electronic financial transactions service, has rolled out a new enhancement to BenefitPay app, in line with the directives of the Central Bank of Bahrain, enabling users to view their QR code directly from the app’s homepag…
Sharjah: The Sharjah Chamber of Commerce and Industry (SCCI) reported an impressive surge in registered memberships in the first half of 2026, recording nearly 30,000 new memberships and membership renewals.As part of its ongoing commitment to reinforcing Sharjah’s position as a leading economic a…
By Makini Brice, Francesca Landini and Dave GrahamTemperatures hit 40 degrees Celsius (104 degrees Fahrenheit) in parts of Europe on Sunday as storms moved into other areas, with France reporting 1,000 excess deaths during the record-breaking heatwave.The French public health agency said most of th…
Muscat – Al Mouj Muscat, Oman’s flagship integrated tourism complex, has unveiled the findings of a comprehensive independent impact study showing it has contributed OMR 878 million to the Sultanate’s GDP over the past two decades. This milestone marks twenty years of distinction and reflects the e…
Cairo: The Egyptian government has officially announced that Cairo will host the third edition of the Global Entrepreneurship Festival (GEF) 2026, scheduled to take place from November 6–8, 2026, under the patronage of H.E. Dr. Mostafa Madbouly, Prime Minister of Egypt.The event will bring together…
Hungary's Paks nuclear power plant is likely to reduce output by an additional 320 MW on Sunday because of the high temperature of the Danube River that it uses as a coolant, the government said on its website.* Government says daily temperature record of 39.9 degrees Celsius likely to be broken on…
By Marc JonesGlobal pressures from rising public debt to financial fragilities and the sustainability of the AI boom are increasing risks, underscoring the need for disciplined policymaking, according to the Bank for International Settlements.The central bank umbrella group's Annual Economic Report…
Majda MuhsenIraq plans to discuss a proposed Energy and Development Fund with the United States that could eventually mobilise up to $400 billion over 30 years to finance infrastructure and energy projects, Prime Minister Ali Faleh Al-Zaidi said.In an interview with Sky News Arabia, Al-Zaidi said t…
Marwa Abo AlmajdEgypt's Korra Energi has been awarded a construction contract worth 470.7 million Egyptian pounds ($9.5 million) for the GennVax Egypt vaccine manufacturing facility in the Suez Canal Economic Zone (SCZONE) in Ain Sokhna.The contract covers civil, architectural and mechanical, elect…
Atheel KAFD Hotel, set to open later this year, will do so with a leadership team that is majority Saudi — positioning the property as an early indicator of how the Kingdom's rapid hospitality growth is changing who runs its luxury hotels.Saudi nationals hold 63 percent of the seats on the hotel's…
Sydney posted its weakest weekend home auction clearance rate in more than six years as higher interest rates and property tax changes dampened activity and weighed on prices, according to Bloomberg.
