CAIRO (special correspondent):Islamic Research Foundation Cairo organised a Webinar last week, on the topic of the US-China Trade and Media war, especially its new Xinjiang-related bill. Scholars from Al-Azhar University Egypt, Nanjing University China and RMIT University, Australia participated in Webinar. Scholars from Al-Azhar University shed light on the history of Muslims in China. It...
Oct 5 (Reuters) – Elon Musk’s U-turn on buying Twitter Inc (TWTR.N) could not have come at a worse time for the banks funding a large portion of the $44 billion deal and they could be facing significant losses. As in any large acquisition, banks would look to sell the debt to get it off their books....
BIRMINGHAM, England, Oct 5 (Reuters) – British Prime Minister Liz Truss will argue on Wednesday that disruption sparked by her economic plans will be worth it in the long run, using her first speech to the party faithful as Conservative leader to try to restore her dwindling authority. Weakened after being forced into a U-turn...
LONDON, Oct 4 (Reuters) – Oil prices rose on Tuesday as expectations that OPEC+ may agree to a large cut in crude output on Wednesday offset concerns about the global economy. Brent crude was up 64 cents, or 0.7%, to $89.50 per barrel by 0823 GMT after gaining more than 4% in the previous session....
BIRMINGHAM, England, Oct 2 (Reuters) – British Prime Minister Liz Truss tried to reassure her party and the public on Sunday by saying she should have done more to “lay the ground” for an economic plan that saw the pound fall to record lows and government borrowing costs soar. On the first day of her...
SYDNEY/LONDON, Sept 27 (Reuters) – The dollar on Tuesday took a pause in what has been a relentless climb higher as the euro and even the besieged Japanese yen and British pound managed to recover a little ground, but medium-term fundamentals were still in the greenback’s favour. The euro rose 0.42% to $0.9647, sterling climbed...
Sept 25 (Reuters) – Pfizer Inc (PFE.N) Chief Executive Officer Albert Bourla said on Saturday he had tested positive for COVID-19. “I’m feeling well and symptom free,” Bourla said in a statement. Bourla, 60, back in August had contacted COVID and had started a course of the company’s oral COVID-19 antiviral treatment, Paxlovid. Paxlovid is an...
BRUSSELS, Sept 22 (Reuters) – The European Union is looking at an oil price cap, tighter curbs on high-tech exports to Russia and more sanctions against individuals, diplomats said on Thursday, in response to what the West condemned as a new escalation in Moscow’s war in Ukraine. The 27-nation EU was spurred into action by...
FRANKFURT, Aug 23 (Reuters) – It was meant to be Europe’s stellar year. A post-pandemic spending euphoria, supported by copious government spending was set to drive the economy and help fatigued households regain a sense of normality after two dreadful years. But all that changed on Feb. 24 with Russia’s invasion of Ukraine. Normality is...
TOKYO, Aug 22 (Reuters) – Oil prices slumped on Monday, ending three days of gains, as investors were concerned aggressive U.S. interest rate hikes will weaken the global economy and dent fuel demand while a strengthening dollar also added to pressure. Brent crude futures for October settlement declined $1.58, or 1.6%, to $95.14 a barrel...