UAE’s economy projected to shrink 6% amid oil slump, COVID-19
The UAE's GDP is estimated to shrink about 6 percent in 2020, the central bank said in its quarterly review on Tuesday.
Category Archives: News
US economy expanded at record pace in Q3 but COVID threat remains
The US economy recovered significantly from Q2's plunge, but it is likely the current COVID resurgence will slow growth.
US Secretary Pompeo offers to mediate between Israel and Lebanon
Talks between two countries over offshore oil and gas exploration are at an impasse.
EU giving a ‘final push’ to reach Brexit deal, says Barnier
With less than 10 days left till the new year, EU and UK leaders and negotiators intensify talks to reach a trade deal.
Europe faces slower-than-expected economic recovery, IMF warns
A slower recovery would be more likely to produce long-term 'scarring' that could weigh on the bloc in the future.
Not so holly jolly: US consumer confidence hits four-month low
Consumer confidence remains far below pre-pandemic levels despite making some gains in recent months.
Afghanistan: At least five killed in Kabul car bomb blast
Four doctors among those killed after a magnetic bomb attached to their car exploded in the Afghanistan capital.
Palestinian teen killed by Israeli forces in Jerusalem’s Old City
Mahmoud Omar Kameel, 17, was shot multiple times after he allegedly fired at Israeli soldiers.
Malaysia steps up COVID vaccine plans with AstraZeneca deal
Prime Minister Muhyiddin Yassin says government also in final stages of vaccine negotiations with Russia and China.
Countries shut borders over new COVID strain: Live news
The discovery of the new strain sowed new panic in a pandemic that has killed almost 1.7 million people worldwide.
Asian shares dip on concerns over new virus strain
Asian shares pull back from multi-year highs on fears the new virus strain could slow economic recovery.
Canada pledges $70m in aid to crisis-hit Palestine refugee agency
Canadian funding will support poor and vulnerable refugees and comes as UNRWA faces its 'worst financial crisis ever'.
‘Caught on TV’: Philippines police officer charged over shootings
Amid national outcry over murder of mother and son, President Duterte says suspect cannot escape prosecution.
Winter sports shut down in S Korea to check COVID-19 spread
Government also extends ban on gatherings of five or more people across country in attempt to stamp out third wave.
The lingering trauma of Hong Kong’s exiled protesters
For Hong Kong activists now in exile, a year of dissent and despair has left emotional wounds they will carry for years.
Black US Air Force service members face discrimination: Report
Report finds that Black members of the Air Force have fewer opportunities than their white peers.
Harris, Ivanka Trump stump in Georgia ahead of Senate runoff
Vice President-elect Kamala Harris tells crowd 'everything at stake' ahead of crucial US Senate runoffs in Georgia.
Texas police release video of officer shooting Joshua Feast
A lawyer for Joshua Feast’s family, Ben Crump, says footage portrays 'a defenceless man who was shot in the back'.
Biden weighing plan to shield 1 million migrants from deportation
Sources say a final decision is expected only after Joe Biden takes office as US president on January 20.
US Congress poised to pass COVID relief bill
The $900bn stimulus package is aimed at boosting the economy and includes direct payments to Americans.