Aramco shares up for third session

Dubai: Saudi Aramco shares advance for a third session – though the market valuation remained below $2 trillion – with investors focusing on the energy company’s inclusion in major international equity indexes this week. The stock climbs 1% in Riyadh, extending gains since it started trading on Wednesday to 16%. The main Saudi index also […]

China suspends tariffs plans on US goods


 Beijing: Beijing suspended additional tariffs on US products that had been due to kick in on Sunday, after Washington and Beijing announced a major thaw in their trade war Friday. China will suspend the planned addition of 10 percent and 5 percent tariffs on some US imports, and “continue to suspend additional tariffs on […]

Google’s shopping comparison draws Justice Department scrutiny

Washington: US antitrust enforcers are examining Google’s conduct in the online shopping comparison market as they continue their probe of the search giant. Richard Stables, chief executive officer of London-based shopping comparison site Kelkoo Group, said he spent more than an hour with Justice Department officials Friday to discuss how Alphabet Inc allegedly hurt his […]

Thomas Cook brand set for 2020 relaunch by Chinese owner

Hong Kong: Thomas Cook is set to be relaunched by its Chinese owner, who plans to use the 178-year-old British tour operator’s brand on a travel platform targeting European customers. Fosun Tourism Group, the Shanghai-based company that bought Thomas Cook’s trademark following its dramatic collapse in September, will debut the platform in the first half […]

Trade war: China to buy $200b of additional US goods over two years — USTR

WASHINGTON: China has agreed to buy $200 billion worth of additional US goods and services over the next two years as part of a phase one trade pact to be signed in early January, US. Trade Representative Robert Lighthizer told reporters on Friday. As part of the agreement, Beijing committed to buy an additional $32 […]