Business
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Global airline industry to post USD 6.9 billion loss in 2022: IATA
GENEVA: The global airline industry is projected to report a lower loss at USD 6.9 billion in 2022, mainly due…
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Rouble slumps to near 8-week low vs dollar after oil price cap launch
MOSCOW: The Russian rouble weakened sharply for the fourth session running on Tuesday, sliding past 63 to the dollar for…
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Asian shares lower as strong data hit hopes for dovish Fed
BANGKOK: Stocks were mostly lower in Asia on Tuesday after Wall Street pulled back as surprisingly strong economic reports highlighted…
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Microsoft offers 10-year deal on new ‘CoD’ games to Sony
SAN FRANCISCO: Microsoft has offered a 10-year contract to Sony to make future ‘Call of Duty’ (CoD) games available on…
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HBO Max, Discovery+ streamingservice to now be called just ‘Max’
SAN FRANCISCO: Warner Bros. Discovery (WBD) will soon launch the combined streaming service of Disney+ and HBO Max which is…
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Digital transformation spending in India to reach $85 bn by 2026
NEW DELHI: The digital transformation (DX) spending in India is likely to reach $85 billion by 2026 as firms in…
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World Bank sees India’s growth at 6.9% this year
■ Asia fourth-largest economy expanded 6.3% in the July-September quarter, and gross domestic product growth for the full fiscal year…
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Airtel, Meta to boost India’s digital ecosystem
NEW DELHI: In a bid to support the growth of India’s digital ecosystem, Bharti Airtel and Meta (formerly Facebook) on…
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ADNOC awards three contracts worth $4bn to achieve 2030 production targets
Abu Dhabi National Oil Co., known as ADNOC, has awarded three contracts worth $4 billion as it eyes reaching a…
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RBI Monetary Policy may hike policy rate by 25-35 bps: Experts
CHENNAI: The Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) may hike the repo rate between 25-35 basis points…
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