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Bank of England chief Carney extends post-Brexit stay

LONDON: Mark Carney will remain Bank of England chief until January 2020 to steer the UK economy through possibly "quite a turbulent period" post-Brexit, finance minister Philip Hammond announced Tuesday. Speaking in parliament, Hammond…

Oil prices climb as Iran sanctions loom

SINGAPORE: Oil prices rose on Tuesday amid looming US sanctions against Iran’s petroleum industry, despite efforts by Washington to get other major suppliers to make up for the expected disruption. U.S. West Texas Intermediate (WTI)…

VW ‘dieselgate’ fraud: Timeline of a scandal

FRANKFURT AM MAIN: As Volkswagen faces the wrath of investors in the first mass "dieselgate" lawsuit on its home turf, here's a look at how the emissions cheating was uncovered and the fallout for the auto giant:  2014 US researchers at…

Careem expands its services to Sudan

DUBAI: Middle East ride-hailing firm Careem said on Sunday it had started a service in Sudan, one of few international companies to enter the country since U.S. economic sanctions were lifted last year. Sudan is grappling with an…