BEIJING: China’s central bank has added 12 banks to the roster of institutions authorized to operate the digital yuan, widening the reach of the e-CNY and lifting the total number of approved operators to 22. The People’s Bank of China said the newly admitted institutions will connect to the central…
SEOUL: South Korea’s foreign exchange reserves fell in March as a stronger U.S. dollar reduced the converted value of non-dollar assets and authorities used reserves in operations to ease currency-market strain, central bank data showed on Friday. Official reserves stood at $423.66 billion at the end of March, down $3.97…
DAEJEON: South Korea’s consumer prices rose 2.2% in March from a year earlier, accelerating from 2.0% in February as higher oil costs pushed up transport-related prices, official data showed on Thursday. On a monthly basis, the consumer price index rose 0.3%, matching the pace seen in February. The reading placed…
TERNATE: A 7.4-magnitude earthquake struck the Molucca Sea off eastern Indonesia early Thursday, killing one person, damaging buildings and prompting a tsunami warning that was later lifted after small waves were recorded. The undersea quake hit at a depth of 35 kilometers about 127 kilometers west-northwest of Ternate, according to the…
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NEW DELHI: India is preparing a new fund worth more than 1 trillion rupees, or about $11 billion, to support domestic semiconductor production, according to a report published Thursday. The report said the proposed funding would provide subsidies for chip design projects, manufacturing equipment and…
Sports
DUBAI, March 28, 2026: American colt Magnitude won the 30th Dubai World Cup on Saturday night at Meydan Racecourse, delivering a commanding performance in the emirate’s flagship horse racing event and handing the United States its ninth victory in the history of the race. Owned by Winchell Thoroughbreds LLC, the four-year-old prevailed in the Group 1 contest over 2,000…
DUBAI: Tallon Griekspoor will face former world No. 1 Daniil Medvedev in the men’s singles final of the Dubai Duty Free Tennis Championships after both players won their semifinals on Friday at the ATP 500 event. Griekspoor, ranked 25th, reached his first Dubai final by beating fifth seed Andrey Rublev 7-5, 7-6(6). Medvedev, the third seed and world No.…
Automotive
MENA Newswire, ATLANTA: Mercedes-Benz USA has unveiled the 2027 S-Class Sedan as a major update to its flagship luxury sedan, adding new lighting signatures, a revised cabin technology stack and expanded personalization choices. The automaker said the model introduces an illuminated front grille…
MENA Newswire, DETROIT: Ford Motor Co. is recalling about 119,000 vehicles in the United States after federal safety regulators said a defect in certain engine block heaters can raise the risk of an under-hood fire when the heater is plugged in. The recall…
Luxury
MENA Newswire News Desk: The personal luxury goods market, long seen as resilient against economic uncertainty, is witnessing a significant contraction for the first time since the Great Recession. According to Bain & Company’s annual luxury report, global sales are projected to decline by 2% this year, driven by…
Rolex introduces the latest addition to its esteemed collection with the unveiling of the new Oyster Perpetual Rolex Deepsea model. Breaking tradition, this iteration marks the first-ever presentation of the divers’ watch in 18 ct yellow gold. Sporting a distinctive 60-minute graduated Cerachrom bezel insert in blue…