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International Business

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StanChart plans 7,000 job cuts, cites AI and automation drive
StanChart plans 7,000 job cuts, cites AI and automation drive

HONG KONG: Standard Chartered said on May 19 that it will eliminate more than 7,000 jobs over the next four years as the bank increases...

Global oil stockpiles shrinking rapidly, IEA chief says
Global oil stockpiles shrinking rapidly, IEA chief says

PARIS, France: The head of the International Energy Agency warned on May 18 that commercial oil inventories are being depleted quickly...

Trump exits China summit without major wins on trade or Iran
Trump exits China summit without major wins on trade or Iran

BEIJING, China: President Donald Trump left Beijing on May 15 after two days of meetings with Chinese President Xi Jinping that produced...

UAE, France deepen strategic economic partnership: Business France CEO
UAE, France deepen strategic economic partnership: Business France CEO

DUBAI, 20 May, 2026 (WAM) -- Louis Margueritte, Chief Executive Officer of Business France, the French national agency for international...

DEWA becomes first government entity to adopt Microsoft 365 Copilot Cowork
DEWA becomes first government entity to adopt Microsoft 365 Copilot Cowork

DUBAI, 20th May, 2026 (WAM) -- Dubai Electricity and Water Authority (DEWA) has adopted Microsoft 365 Copilot Cowork, becoming the...

Update: China's commerce ministry elaborates on outcomes of China-U.S. economic, trade consultations
Update: China's commerce ministry elaborates on outcomes of China-U.S. economic, trade consultations

BEIJING, May 20 (Xinhua) -- China's Ministry of Commerce on Wednesday elaborated on the preliminary outcomes of the recently held China-U.S....

International

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Mother passes away 10 days after finding son died in Venezuelan jail
Mother passes away 10 days after finding son died in Venezuelan jail

CARACAS, Venezuela: Ten days after the state confirmed to Carmen Navas that her son had died in state custody, the 82-year-old passed...

Drivers in Ireland face huge fines for unpaid motorway tolls
Drivers in Ireland face huge fines for unpaid motorway tolls

DUBLIN, Ireland: Fifteen people who avoided paying tolls on the M50 motorway, including car, truck, and van owners, were fined a total...

Cruise ship, which reported Hantavirus aboard, ends trip at Rotterdam
Cruise ship, which reported Hantavirus aboard, ends trip at Rotterdam

ROTTERDAM, Netherlands: Authorities at the Dutch port of Rotterdam prepared quarantine arrangements on May 18 for the remaining 23...

Corporate costs from Iran conflict top $25 billion worldwide
Corporate costs from Iran conflict top $25 billion worldwide

LONDON/NEW YORK CITY: The war involving the United States, Israel and Iran has already cost companies around the world at least US$25...

William plans estate sales to invest £500 million in communities
William plans estate sales to invest £500 million in communities

LONDON, U.K.: Prince William plans to sell portions of the Duchy of Cornwall over the next decade to help finance more than £500 million...

Global oil stockpiles shrinking rapidly, IEA chief says
Global oil stockpiles shrinking rapidly, IEA chief says

PARIS, France: The head of the International Energy Agency warned on May 18 that commercial oil inventories are being depleted quickly...