Tuesday 27 September 2016
 
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Mideast markets sink to multi-year lows

Middle East bourses fell sharply on Thursday as investors cashed out after Brent crude oil slipped below $30 a barrel and global markets resumed selling off.   The Saudi index tumbled 3.3 per cent to close at 5,8

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China deflation fears grow as producer prices sink

China's manufacturers slashed prices at the fastest rate in six years in August as commodity prices fell and demand cooled, signalling stubborn deflation risks in the economy and adding to expectations for further stimulus measures.

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China deflation fears grow as producer prices sink

China's manufacturers slashed prices at the fastest rate in six years in August as commodity prices fell and demand cooled, signalling stubborn deflation risks in the economy and adding to expectations for further stimulus measures.

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Boat with migrants sinks off Libya, 200 feared dead

A boat packed with mainly African migrants bound for Italy sank off the Libyan coast on Thursday and officials said up to 200 might have died.   A security official in the western town of Zuwara, from where the o

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Samsung’s unveils washing machine with a built-in sink

Samsung Electronics’ next-generation washing machine boasts a built-in sink, with an embedded washboard and water jet. The Samsung active dual wash top load washing machine, was introduced taking into account the culture of

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50 dead as Myanmar ferry sinks in bad weather

About 50 people were believed to have drowned off Myanmar when a ferry sank in bad weather, government officials said on Saturday, though residents said they believed more people on the overcrowded vessel had died. The boat had 20

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Bahrain maritime force rescues sailors as boat sinks

Eight sailors who were lost at sea for 30 hours after their cargo ship sank have been rescued by a Bahrain-based maritime force. The search was conducted by the Combined Task Force-151 (CTF-151), which is part of the Juffair-based

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Gold firms plan cuts to stay afloat as bullion sinks

Struggling gold producers plan increasingly drastic measures such as scrapping dividends, cutting jobs, halting projects and shutting mines to survive the latest price plunge, but not all of them will make it. Gold tumbled to a mo

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Boat with 170 African migrants sinks off Libya

A boat with around 170 African migrants on board trying to reach Europe has sunk off the Libyan coast, a spokesman for the Libyan navy said on Saturday. "The coast guards have rescued 17 of the illegal migrants," said Ay

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60 migrants killed as boat sinks off Yemen

At least 60 African migrants and two Yemeni crew perished in the treacherous waters off Yemen's coast last weekend, in a boat sinking that has just come to light and is believed to be the deadliest there this year, the United Nations said on

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