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Oil slumps as fears of global slowdown rise

Bloomberg Oil tumbled the most in a week as global financial markets swooned and the swelling US crude stockpiles reinforced the fears about an economic slowdown. Futures slipped more than 5 percent in New York, joining a slide in equities. American crude inventories registered a surprise increase for the second straight week, US data showed on Wednesday, although gasoline demand ...

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Trump’s farm tariffs no match for China’s retaliatory duties

Bloomberg US President Donald Trump’s new tariffs on Chinese agricultural products are likely to hurt the Asian nation a lot less than the retaliatory duties Beijing already imposes on the US. The White House, while delaying tariffs on big-ticket consumer products until Dece- mber, decided to push ahead with 10 percent tariffs on Chinese agricultural products as well as antiques, ...

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Etisalat, Sparkle ink deal to enable 5G roaming globally

Dubai / Emirates Business Etisalat Carrier & Wholesale (C&WS) and Sparkle announced the establishment of a 5G data roaming interconnection between Etisalat and TIM, paving the way for 5G roaming between Middle East and across the globe. This strategic agreement will set the path for 5G and the global mobile and carrier community. While Expo 2020 was the first major ...

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