India’s pursuit of global investors hits turbulence

LONDON: India’s ambition to attract more foreign money into its financial markets is being buffeted again, having only just started to make progress after years of talk but very little action. Deadly clashes between Indian and Chinese troops on the Himalayan border, a surge in coronavirus cases and its second sovereign credit rating cut of […]

Global energy leaders signal optimism at Abu Dhabi CEO roundtable

Abu Dhabi: Global energy giants representing the world’s leading oil, gas, and petrochemical companies sounded cautious optimism on the state of the global economy and the uptick in demand for energy as they convened at a special virtual edition of the Abu Dhabi CEO Roundtable. The exclusive, invitation-only event marked the fifth edition of the […]

US employment gains only seeing marginal gains, with jobless tally at 20.5m

Washington: US applications for unemployment benefits fell less than forecast last week, showing only gradual improvement from the worst of the pandemic-related layoffs even as states re-open more of their economies. Initial jobless claims for regular state programmes totaled 1.51 million in the week ended June 13, down slightly from an upwardly revised 1.57 million in […]