Economy
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UN Secretary-General António Guterres on Monday called for increased action to deliver $500 billion a year in affordable, long-term financing to developing countries at the eighth World Investment Forum held in Abu Dhabi. more
Microsoft acquires Activision Blizzard in a mega $69 billion deal

London: Microsoft has successfully finalized its $69 billion acquisition of Activision Blizzard, marking a significant move in the video game industry, Bloomberg reported.

JP Morgan's Q3 profit grows riding on soaring NII,First Republic Bank purchase

New York: JPMorgan Chase reported an increase in its third-quarter profit, boosted by higher interest payments and the acquisition of First Republic Bank, Reuters reported.

UN chief proposes $3.3 billion budget for 2024

UN Secretary-General António Guterres on Tuesday introduced a $3.3 billion programme budget for the Organization in 2024, amidst an array of global challenges ranging from conflict ...

Global economy a mixed bag, horizon uncertain: UNCTAD

The global economy is at “a critical juncture”, with some economies thriving and expanding, while others falter and slow down, the UN’s trade and development body said o ...

Uzbekistan: Doing business will become easier and more profitable

Over the past seven years, entrepreneurship has become a priority in Uzbekistan's policy. It is evident how much attention the government dedicates to this area.

Annual cost for reaching the SDGs? More than $5 trillion

The cost of achieving ambitious sustainable development targets is estimated at between $5.4 and $6.4 trillion per year between now and 2030, UN economists said on Tuesday.

Pakistan International Airlines cancels several flights amid liquidity crisis

Facing severe cash flow problems, Pakistan International Airlines (PIA) has cancelled several domestic and international flights, media reports said.

China's property crisis: Country Garden registers USD 7bn loss

China's major private property developer Country Garden has revealed a record USD 6.7 billion loss for the first half of the year.

Dutch brewer Heineken completes Russia exit, sells business for USD1

Dutch brewer Heineken has announced the completion of transaction to sell its Russia operations to Arnest Group for a symbolic USD 1.