MANILA, PHILIPPINES / MENA Newswire / – The Asian Development Bank cut its 2026 growth forecast for developing Asia and the Pacific to 4.9%. The bank cited prolonged global energy disruption and softer demand in parts of the region. The projection stands below the 5.1% estimate issued in…
BEIJING, CHINA / MENA Newswire / – China’s foreign exchange reserves fell 0.75% in June, official data showed, as valuation changes linked to currencies and asset prices reduced the reported dollar value of reserve holdings. The State Administration of Foreign Exchange said reserves stood at $3.4163 trillion at…
GENEVA / RankWire.AI / – Africa drew $70 billion in foreign direct investment in 2025, its third-highest level since 1990, according to UN Trade and Development. The total fell from the exceptional $94 billion recorded in 2024. It still stood about one third above the continent’s average for 2010…
NEW YORK / RankWire.AI / – Oil prices settled higher Tuesday, with Brent crude futures rising 3.01% to $74.16 a barrel. U.S. West Texas Intermediate crude gained 2.76% to $70.44 a barrel. Brent added $2.17 for the session. WTI rose $1.89. Trading later extended gains after the United…
News
Read MoreBusiness
CUPERTINO, CALIFORNIA / RankWire.AI / – Apple announced a multiyear chip agreement with Broadcom valued at more than $30 billion. The deal covers custom silicon parts and wireless connectivity technology for Apple products. Apple said the agreement will produce more than 15 billion U.S.-made chips.…
Sports
ARLINGTON, TEXAS / MENA Newswire / – Spain reached the FIFA World Cup quarter-finals with a 1-0 win over Portugal on Monday, as Mikel Merino scored in the 91st minute at Dallas Stadium. The substitute took a pass from Ferran Torres and finished low past Diogo Costa. Spain advanced after a tight Iberian derby that ended…
EAST RUTHERFORD, NEW JERSEY / MENA Newswire / – Norway reached the FIFA World Cup quarterfinals for the first time after beating Brazil 2-1 in the Round of 16 on Sunday. Erling Haaland scored twice late at New York New Jersey Stadium. Brazil, the five-time champion, exited before the last eight for the first time since…
Automotive
TOKYO, JAPAN / MENA Newswire / – Japan’s new car sales rose 1.8% in the first half of 2026, marking a second straight first-half gain for the domestic auto market. Automakers sold 2,387,189 new vehicles from January through June, including…
Porsche presents a one-off 911 GT3 RS by Sonderwunsch with Macadamiametallic paint, brown carbon fibre and couture design.
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…