Dubai, UAE – KamelPay, the UAE-born fintech building integrated financial solutions for businesses and their workforce, has launched AbsoluteCard, a complete corporate payments ecosystem built for the way businesses spend, control and reconcile. AbsoluteCard brings together a web portal, a mobile a…
Nigeria has joined the International Energy Agency as an associate member, bringing Africa's largest oil producer, into a network that represents more than 80% of global energy demand, the organisation said on Thursday.The IEA's governing board unanimously approved Nigeria's entry.Nigeria, home to…
By Harry Robertson and Satoshi SugiyamaThe Japanese yen rose sharply against the dollar on Thursday as traders braced for possible intervention from Japanese authorities, who signalled a new approach to bolstering the chronically weak currency.The yen rally helped knock the dollar down against its…
Italy's unemployment rate fell slightly to 5.0% in May but a net 22,000 jobs were lost during the month, with the fall in the jobless rate due to people no longer looking for work, national statistics bureau ISTAT reported on Thursday.
The Indonesian parliament's financial commission has agreed to begin deliberating on a bill to create international financial centres with their own separate court system to settle business disputes, the head of the commission said on Thursday.Here are the details:
Hong Kong's retail sales leapt 7.9% in value in May from a year earlier to HK$33.8 billion ($4.31 billion), the 13th straight month of gains, government data showed on Thursday.In April, retail sales jumped by a revised 8.7% on the year.In volume terms, May retail sales surged 4.8% from a year earl…
Dubai, United Arab Emirates – National Bank of Fujairah PJSC (NBF), one of the UAE's trusted banks, hosted the latest edition of its enterprise resilience knowledge-sharing series in partnership with Dubai Airport Freezone (DAFZ) and the Dubai Business Women Council (DBWC), bringing together more t…
Nigeria, which is Africa's biggest oil producer joined the International Energy Agency as an associate member, the agency said in a statement on Thursday.
OpenAI, the company behind ChatGPT, has reportedly discussed giving the US government a 5% equity stake as artificial intelligence oversight in Washington intensifies.The company raised the idea in early discussions with the Trump administration as it seeks to navigate a tougher political environme…
European natural-gas prices climb on concerns over regional storage levels ahead of winter and lingering uncertainty over LNG supplies from the Persian Gulf. In early European trading, the benchmark Dutch TTF contract is up 2.4% to 44.04 euros a megawatt-hour. Although global LNG exports increased…
Russia's central bank said on Thursday that an increase in Russian imports, including gasoline, will not lead to a significant change in the rouble rate.Russia is seeking to import gasoline after Ukrainian drone strikes caused fuel shortages across the country.
Germany’s 10-year Bund yields climbed to 2.95%, a near two-week high, tracking US Treasury yields as investors prepared for US jobs data later in the day.However, gains were limited by softer-than-expected Eurozone inflation data and reduced expectations for aggressive ECB rate hikes this year.Wedn…
The unemployment rate in Italy ticked down to 5.0% in May 2026 from 5.1% in April, slightly below market expectations of 5.1%.This was the lowest level since the current data series began in 2004, as the number of unemployed individuals decreased by 22 thousand month-on-month to 1.28 million, which…
Italy's unemployment rate fell slightly to 5.0% in May but a net 22,000 jobs were lost during the month, with the fall in the jobless rate due to people no longer looking for work, national statistics bureau ISTAT reported on Thursday.The unemployment rate was below a median forecast of 5.1% in a R…
By WSJ StaffIf the U.S. economy added more than 100,000 jobs in June, as economists expect, we will have had four straight months of jobs growth over 100,000, something that hasn't happened since early 2024.This item is part of a Wall Street Journal live coverage event. The full stream can be found…
By Toby SterlingChinese export controls, technological dependence on the U.S. and the structural weakness of Europe's chip industry mean it faces a "bleak future" unless it can act swiftly to shore up domestic supplies, an EU-funded report found on Thursday.The report by the European Union's Instit…
Tourist arrivals to Thailand are expected to recover in 2H with the de-escalation in Middle East tensions, CGS International economists say in a report. The recovery would offer a meaningful boost to the Thai economy through higher tourism receipts, stronger domestic consumption and better employme…
Thailand’s Business Sentiment Index rose to 46.1 in June 2026 from 42.5 in May, marking its least pessimistic reading in three months.The improvement was driven by the easing of the Middle East conflict, lower energy prices, and the government's "Thais Help Thais Plus" scheme, which temporarily boo…
By Pablo SinhaGold prices rose on Thursday as softer-than-expected U.S. jobs data and lower oil prices eased inflation concerns, while investors awaited the nonfarm payrolls report for cues on the Federal Reserve's policy path.Spot gold TVC:GOLD had risen 0.9% to $4,067.67 per ounce by 0753 GMT, af…
Indian pharmaceutical exports to China are contracting. In FY26, shipments to China fell by 11.54 percent, dropping from $324.91 million in FY25 to $287.42 million.The China slide comes even as India’s pharmaceutical exports grew 2 percent to $31 billion in the year gone by.Indian drugmakers failed…
