Japan’s biggest lender, Mitsubishi UFJ Financial Group (MUFG) (8306.T) said it will aim for net zero emissions in its finance portfolio by 2050, responding to pressure to align its business with the targets set in the Paris Agreement on climate change. The bank will also join the United Nations’ Net-Zero Banking Alliance and be the…
Most major stock markets in the Gulf rose in early trade on Monday, driven by gains in the financial sector, although Qatar bucked the trend to trade lower.Saudi Arabia’s benchmark index (.TASI) gained 0.4%, with Al Rajhi Bank (1120.SE) rising 0.9% and Saudi Telecom Company (7010.SE) up 0.8%.The kingdom announced on Sunday that foreign visitors…
Iran has signed a $1.78 billion contract with Petropars Group to develop the country’s Farzad B gas field, Oil Ministry website SHANA said on Monday, after the failure of talks with Indian companies to develop the offshore site.Under the deal, the subsidiary of state-run National Iranian Oil Co (NIOC) will produce 1 billion cubic feet…
The dollar edged higher on Monday as new COVID-19 restrictions in Asia and mixed economic data in China encouraged investors to stick with safer currencies. The euro fell marginally while other major currencies remained in tight ranges in a quiet start to the week. Bitcoin skidded to a three-month low after Tesla Inc (TSLA.O) boss…
Sudan hopes to entice investors and secure pledges to pay off its arrears to the International Monetary Fund at a conference in Paris on Monday, paving the way for wider relief on external debt of at least $50 billion. Sudan built up huge arrears on its debt, but recently made rapid progress towards having much…
U.S. Secretary of State Antony Blinken discussed the violence in Israel, the West Bank and Gaza in phone calls with the Qatari, Egyptian and Saudi foreign ministers, the State Department said on Sunday.Blinken and Qatar’s Sheikh Mohammed bin Abdulrahman Al-Thani discussed “efforts to restore calm in Israel and the West Bank and Gaza in light…
British businesses ramped up their search for new staff as pubs, restaurants and other hospitality and travel firms got ready for Monday’s lifting of coronavirus restrictions in England, a survey showed.
Australian shares were set to open higher on Monday, tracking a sharp rebound on Wall Street driven by tech stocks, while local miners may face pressure from weak commodity prices after China’s regulatory action on its steel producers. The local share price i…
Stephen Curry scored a game-high 46 points en route to his second NBA scoring title and Jordan Poole stalled a Memphis rally with a late 3-pointer Sunday afternoon as the Golden State Warriors held off the visiting Grizzlies 113-101 in San Francisco to claim …
Israeli Prime Minister Benjamin Netanyahu said on Sunday that an end to seven days of hostilities with Gaza militants was not imminent, despite diplomatic moves to retore calm.”Our campaign against the terrorist organisations is continuing with full force,” Netanyahu said in a televised speech. “We are acting now, for as long as necessary, to restore…
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