Cash-strapped Pakistan to lease part of Karachi port to UAE for $220 million
AD Ports Group of the United Arab Emirates (UAE) signed an agreement Thursday to take over the running of part of Pakistan's main Karachi docking facility in a deal worth an immediate $220 million, the company said.
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Stock markets fall as central banks hike rates
Stock markets retreated Thursday as a clutch of central banks in Europe hiked interest rates again to combat persistently high inflation.
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US Fed official says more rate hikes necessary
A senior US Federal Reserve official said Thursday that additional interest rate hikes are needed to tackle historically high inflation.
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Climate goals depend on fixing global finance: top economist
If world leaders and the heads of multilateral development banks gathered at a Paris summit recognise that climate goals depend on revamping the architecture of global finance, it would be a "historic" development, a top development economist said Thursday.
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First Olympic Esports Week kicks off in Singapore
Athletes appeared to be teleported on stage and a larger-than-life projection of the IOC president addressed the crowd as the first-ever Olympic Esports Week kicked off in Singapore on Thursday.
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Erkan: Former Wall Street star overseeing Turkey's troubles
Hafize Gaye Erkan can be forgiven for approaching her new job with caution after moving from the bright lights of Wall Street to the treacherous terrain of Turkey's much-maligned central bank, a place where job security is scarce.
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Beijing records hottest June day as extreme heat sears northern China
Beijing logged its hottest June day since records began on Thursday, the national weather service said, as swathes of northern China sweltered in 40-degree heat.
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Ducatis roar into Assen dominating the MotoGP field
MotoGP heads to the Dutch Grand Prix on Sunday fresh from a thrilling race in Germany that seemed to demonstrate a continental shift in the balance of biking power.
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Olympic chief criticises Ukraine for 'sanctioning' its own athletes
Olympic chief Thomas Bach on Thursday criticised the Ukrainian government for "sanctioning" its own athletes by not allowing them to compete in recent global competitions.
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US Coast Guard still focused on sub 'rescue' despite oxygen crunch
A multinational mission to find a missing submersible near the Titanic wreck is still focused on rescuing the five-member crew alive, the US coast guard insisted Thursday, despite fears that the vessel's oxygen may already have run out.
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