The government of Papua New Guinea and US oil giant Exxon Mobil Corp plan to resume talks on the P’nyang natural gas project, nearly two years after negotiations broke down , Oil Search Ltd, a partner on the project, said Monday. 

Dubai’s residential property market is on a steady course, with prices expected to rise modestly over the next couple of years, according to a Reuters poll of housing analysts who say property prices there will remain affordable during that time. 

AB Volvo said on Monday it had struck a deal to buy a heavy duty truck subsidiary of Jiangling Motors Corp (JMC) for about 1.1 billion Swedish crowns ($125.7 million) to make trucks in the world’s biggest vehicle market. 

Yemen will receive about $665 million worth of reserves from the International Monetary Fund (IMF) on Monday which will help ease an acute economic and humanitarian crisis in the war-torn country, the fund’s regional representative for Yemen said.

Igor Sechin, chief of oil giant Rosneft, has told the Kremlin that carbon border taxes like the European Union’s could inflict far greater damage to Russia’s economy than sanctions, the Kommersant newspaper reported on Monday.

General Motors Co said yesterday it would take a hit of US$1 billion (RM4.23 billion) to expand the recall of its Chevrolet Bolt electric vehicles due to the risk of fires from the high-voltage battery pack--a blow for the largest US automaker as it seeks to ramp up EV sales. 

Major stock markets in the Gulf mostly rebounded on Sunday, after declining in the previous session, but falling oil prices continued to weigh on Saudi Arabia where the benchmark index extended losses. 

The Federal Reserve Bank of Kansas City said on Friday its annual economic symposium in Jackson Hole, Wyoming, will take place on August 27 virtually and not in person as planned, the clearest sign yet of the impact of the Covid-19 Delta variant on the Fed’s plans.

Algeria’s gross domestic product (GDP) grew 2.3 per cent in the first quarter of this year helped by a better performance from the energy sector, official data showed on Saturday, after a 3.9 per cent contraction a year earlier.

India is set to exceed its targets for cutting greenhouse gas emissions and boosting the share of non-fossil fuels in electricity generation but any further commitment to reducing its carbon footprint will depend on climate finance from rich countries, a senior official said.

Moscow pledged retaliatory measures after a new set of sanctions imposed by the United States on a Russian ship and two companies involved in the Nord Stream 2 gas pipeline, Russia’s foreign ministry said in a statement on Saturday.

Brazil’s Economy Minister Paulo Guedes said on Friday that political conflict is contaminating the economy and overshadowing positive news on economic growth and the prospect of a much smaller primary budget deficit next year.

US Treasury Secretary Janet Yellen has told senior White House advisers she backs reappointing Jerome Powell as US Federal Reserve Chair, whose term expires in February, a Bloomberg News reporter wrote on Twitter.

The Taliban now hold the keys to an untouched trillion-dollar trove of minerals including some that could power the world’s transition to renewable energies, but Afghanistan has long struggled to tap its vast deposits.

Alongside a grinding seven-year military conflict, Yemen’s government and the Huthi rebels are locked in battle on another front--a currency war that has opened up a gulf in riyal values.

Stocks recovered ground on Friday despite concerns about economic growth amid rising Covid-19 cases, which continued to take its toll on oil prices.

Britain on Friday said a planned takeover of chip designer Arm by US firm Nvidia raises  “serious competition concerns”, while the deal may still be probed on security grounds.

The White House is withholding support for a Democratic proposal to impose a pollution tax on imports from China and other countries, casting doubt on whether Democrats will be able to deploy what environmentalists consider one of the greatest weapons to tackle global climate change in a massive spending bill this year.

The investment surge by both new and established automakers in the electric vehicle market is a bonanza for factory equipment manufacturers that supply the highly automated picks and shovels for the prospectors in the EV gold rush.

Cryptocurrency exchange Binance said on Friday it would demand stricter background checks on customers to bolster efforts against money laundering, with immediate effect, a move that comes after weeks of pressure by regulators globally.