In a major financial sector reform, India yesterday decided to merge its railway budget with the annual union budget from the next fiscal year, ending a nearly century-long practice and easing the way for the government to cut populist subsidies and push through structural reforms.
Central bank governor says reserves at record high of $40bn; growth expected to remain stable at 1.5% to 2% this year
Dubai Financial Group is working with Citigroup to find a buyer for its stake in Omani lender Bank Muscat after the sale was triggered by an agreement with creditors,
Angelique Kerber would have inherited the No1 ranking from Serena Williams yesterday even if she had lost Saturday’s US Open final.
Musicians play as dancers perform the Abbots Bromley Horn Dance in Abbots Bromley, Britain, yesterday.
Third seed Stan Wawrinka rose to the occasion once again to beat top-seeded defending champion Novak Djokovic 6-7(1) 6-4 7-5 6-3 and win the US Open on Sunday for the third grand slam title of his career.
Saudi authorities deployed drones to watch over nearly 2mn pilgrims as they ascended Mount Arafat at the climax of the Haj pilgrimage yesterday, part of stepped up efforts to avoid a repeat of last year’s crush.
After two months in which even a 50-point move in the Dow Jones Industrial Average was reason for excitement
Turkey yesterday sent more tanks into the northern Syrian village of al-Rai to fight Islamic State extremists, opening a new front after its intervention last month against the group, state media reported.
After getting a fillip from the month-long Qatar Summer Festival (QSF), many retailers and boutiques at different malls in Qatar expect their sales to further improve before and after the Eid al-Adha holidays.
One railway worker was killed and three people were wounded when a bomb exploded on a train in Thailand’s southern town of Pattani yesterday, police said, a day after peace talks between the Thai government and Muslim rebels.
Thousands of workers and members of leftist social movements descended on Buenos Aires’ Plaza de Mayo on Friday to protest the economic measures of centre-right President Mauricio Macri.
