Business Recorder

South African rand steady as traders mull new US tariffs, fragile Gulf ceasefire

JOHANNESBURG: The rand was steady in early trade on Thursday as investors weighed proposed US tariffs linked to forced ​labour and tracked developments in the Gulf. South Africa’s trade ‌ministry said the country remains compliant with all domesti…

#SouthAfricanRand #GulfCountries #USTariffs

Business Recorder

European shares steady as investors eye Mideast tensions; Remy gains

European shares were steady at the open ‌on Thursday, as the Middle East conflict kept investors cautious, while beverage maker Remy Cointreau gained after announcing a turnaround plan. The pan-European ​STOXX 600 index inched up 0.1% to 622.17 po…

#EuropeanShares #MideastTensions

Business Recorder

Nepali climber alive after six days missing on Everest

KATHMANDU: A Nepali climbing guide who went missing on Mount Everest for six days and was believed dead has been found alive after crawling alone almost to Base Camp, officials told AFP on Thursday. His wife had even begun to offer last rite praye…

#MountEverest #Nepal

Business Recorder

US House votes for measure that would end Iran war, in blow to Trump

WASHINGTON: The Republican-led US House of Representatives approved a resolution on Wednesday to block President Donald Trump from continuing the war against Iran, reflecting ​growing concern among members of his party about the three-month-old co…

#USCongress #IranUSConflict #USPresident

Business Recorder

Israeli strikes kill nine people in Gaza, medics say

CAIRO/GAZA: Israeli strikes killed at least nine Palestinians, including five family members, in separate attacks in the Gaza Strip ​on Thursday, health officials said. Medics said Israeli planes launched ‌strikes on four apartments around the sam…

#Gaza #IsraelUS

Business Recorder

Supernet Technologies secures Rs1bn contract

Supernet Technologies Limited (STL) was declared on Thursday the successful bidder for a project valued at approximately Rs1 billion. The project, awarded by a leading organization in Pakistan, involved the provision of hardware and related servic…

#SupernetTechnologies

Business Recorder

Iron ore touches six-week low on China demand worries

Iron ore prices extended losses on Thursday to hit their lowest levels in more than six weeks, weighed down by rising concerns about demand in top consumer China as steel margins shrink and steel consumption weakens amid high input costs. The most…

#China

Business Recorder

Ibrahima Konate opens up on depression after deaths of Jota and father

France defender Ibrahima Konate said on Wednesday he battled depression following the deaths of Liverpool teammate Diogo Jota and his father while continuing to fulfil his football duties. Portugal forward Jota and his brother Andre Silva died in …

#IbrahimaKonate

Business Recorder

Yuan firms as traders track Iran war, weigh strength of China’s economy

SHANGHAI: China’s yuan strengthened slightly on Thursday as the dollar index corrected and traders weighed signs of China’s economic resilience against the country’s unattractive yields. Eyes are also on the US-Israeli war on Iran, as conflicting …

#IranUSConflict #Tehran

Business Recorder

Ukraine strikes kill three in Russia-annexed Crimea

Ukraine launched attacks on the two main centres in the Russia-annexed Crimea peninsula, Kremlin-installed officials in the region said early on Thursday, a day after Moscow and Kyiv traded strikes on each other’s cities. Sergei Aksyonov, the Russ…

#Ukraine #Russia