Economy
Saudi delivery drivers bake in 'deadly' summer heat
Sheltering under a palm tree in Saudi Arabia's capital, a Pakistani delivery driver stole a quick break during the lunch rush when orders -- and scorching temperatures -- are at their peak. "Working in Saudi Arabia's scorching midday sun poses severe health risks to delivery workers.
US trade gap narrows less than expected in June
The US trade deficit narrowed slightly less than analysts anticipated in June, according to government data released Tuesday, helped by an uptick in exports. The figure was helped by a bigger uptick in exports than imports, with the former rising 1.5 percent to $265.9 billion.
Forex inflow in FMDQ declines by 16.5% in one week as naira gains
Foreign exchange inflows into the official market declined by 16.5%, according to data obtained from the FMDQ Exchange, where the dollar is traded officially.
Tokyo's Nikkei index closes up 10.2% after previous day's record fall
Tokyo's key Nikkei index closed more than 10 percent higher Tuesday, bouncing back from a record selloff the previous day on worries over the US economy and a stronger yen. Among major shares in Tokyo on Tuesday, Honda roared 14.70 percent to 1,435.5 yen following a report that it was expected to announce a record quarterly profit.
Saudi Aramco Q2 profit dips 3% as output stays low
Saudi oil giant Aramco on Tuesday reported net income of $29.07 billion in the second quarter, a slight drop from the same period last year as output remained subdued. But the cash cow saw its profits drop by a quarter last year because of lower oil prices and production cuts, and profits in the first quarter of this year were down 14.5 percent.
Tokyo stocks surge after previous day's record fall
Tokyo stocks surged Tuesday following a record selloff the previous day that was fuelled by worries over the US economy and a stronger yen. Among major shares in Tokyo on Tuesday, Honda roared 16.58 percent to 1,459 yen following a report that it was expected to announce a record quarterly profit.
Asian stocks rebound from rout as Fed faces calls to cut rates early
Asian equities rallied Tuesday after the previous day's global rout fuelled by US recession fears that have led to calls for the Federal Reserve to cut interest rates before its next meeting.
Key moments in Boeing's difficult history with the 737 MAX
Key moments in Boeing's difficult history with the 737 MAX
Hearing to probe Alaska Airlines emergency on Boeing jet
US investigators will on Tuesday open a two-day hearing into a near-catastrophic January incident on a Boeing 737 MAX operated by Alaska Airlines that required an emergency landing. Over the course of two day-long sessions on Tuesday and Wednesday in Washington, the NTSB will hear from about 15 witnesses.
Economy
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