Friday 29 July 2016
 
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GM raises full-year forecast after strong second-quarter profit

General Motors Co on Thursday raised its forecast for full-year profits after reporting a record second-quarter profit as it continued to capitalise on strong sales of pickup trucks and sport utility vehicles in the US. The earnin

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GM raises full-year forecast after strong second-quarter profit

General Motors Co on Thursday raised its forecast for full-year profits after reporting a record second-quarter profit as it continued to capitalise on strong sales of pickup trucks and sport utility vehicles in the US. The earnin

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Planemakers shrug off economy worries as travel demand grows

Airbus and Boeing raised their long-term forecasts for new aircraft demand on Monday, betting that rising wealth in Asia would continue to boost air travel and offset any short-term hits to the global economy. The world's two

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Mideast tourist arrivals to jump 5 per cent

International tourist arrivals to the Middle East is expected to grow between 2 and 5 per cent this year, the United Nations World Tourism Organisation (UNWTO) said in a report. "2016 projections remain positive with expected

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World Bank revises 2016 oil price forecast to $41 per barrel

The World Bank has raised its 2016 forecast for crude oil prices to $41 per barrel from $37 per barrel in its latest Commodity Markets Outlook as an oversupply in markets is expected to recede. Amid improving market sentiment and

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Opec cuts 2016 oil demand growth forecast, warns of more

The Organization of the Petroleum Exporting Countries (Opec) on Wednesday cut its forecast for global oil demand growth in 2016 and warned of further reductions citing concern about Latin America and China, pointing to a larger supply surplus

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Zika virus spreads explosively, 4m cases forecast

The Zika virus, linked to severe birth defects in thousands of babies in Brazil, is "spreading explosively" and could infect as many as four million people in the Americas, the World Health Organization (WHO) said on Thursday.

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UN cuts global economic growth forecast to 2.4pc

The United Nations said it cut its forecast for global economic growth in 2015 by 0.4 percentage point to 2.4 per cent, largely due to lower commodity prices, increased market volatility and slow growth in emerging market economies.

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New smartphone app designed to forecast famine

A new mobile phone app designed to help aid workers predict where hunger may strike and provide help in good time was launched by Austrian scientists on Thursday.   The app, which is free to use, combines and ana

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Mena packaging industry to grow to $52bn

The packaging industry sector in the Middle East and North Africa (Mena) region has been forecast to grow to $52.4 billion by 2019, from the current $41 billion, according to market research by Smithers Pira.   F

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