Russia's Covid-19 vaccine approved for use

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Russian President Vladimir Putin has said a locally developed vaccine for Covid-19 has been given regulatory approval after less than two months of testing on humans. Mr Putin said the vaccine had passed all the required checks, adding that…

Beirut marks one week since explosion

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People in the Lebanese capital, Beirut, have held a minute of silence for the more than 200 people believed to have been killed by an explosion a week ago. The commemoration took place at 18:09 (15:09 GMT), the exact time when 2,750 tonnes…

New Zealand records first virus cases in 102 days

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New Zealand has put its second-largest city back into lockdown after recording four new Covid-19 cases, ending a 102-day streak without a local infection. A three-day lockdown was swiftly imposed in Auckland after the cases were confirmed. The…

Twitter looking at a possible TikTok tie-up

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Twitter has approached TikTok's Chinese owner ByteDance to express an interest in buying its US operations, according to reports. Video-sharing platform TikTok has been at the centre of fierce debate in recent weeks and takeover talk. Last…

Bahrain and other GCC countries reaffirm commitment to OPEC+ deal

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Oil ministers from the Gulf Cooperation Council and reaffirmed their commitment to the OPEC+ deal during a virtual meeting, state news agency SPA reported. The ministers agreed that members that failed to fully comply with production cuts…

Kuwait outlines 3-stage plan for return of expats

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The Ministry of Interior (MoI) outlined a plan for the return of expats in three stages, to organize arrivals of those with valid residencies to avoid crowding at the airport. In the first stage, priority is given to professionals in jobs…

Saudi Arabia to assess allowing Umrah amid COVID-19

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Saudi Arabia will evaluate this year’s Hajj season which was held amid heightened security and strict coronavirus-related restrictions over the next two weeks, Dr. Hussein al-Sharif, Undersecretary of the Ministry of Hajj and Umrah for Hajj…

Dubai launches economic program for post COVID-19 recovery

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Dubai launched an economic program as part of its efforts to reshape the emirate’s economy for a “sustainable” and “resilient” future post the coronavirus pandemic, the government said. The Dubai government partnered with the Mohammed…

Nokia claims to return to profit despite drop in sales

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Finnish telecommunications equipment provider Nokia said it had returned to profit in the second quarter and hiked its 2020 forecasts, despite a drop in sales due to the coronavirus pandemic. Net profit came in at 94 million euros ($112 million)…

Huawei takes top spot in global phone shipments

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Huawei has become the biggest vendor of smartphones in the world for the first time, according to analysts' estimates. It took the top spot by shipping 55.8 million devices in the last quarter, overtaking Samsung's 53.7 million. The report…

Global airlines less hopeful on COVID-19 recovery

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Global airlines cut their coronavirus recovery forecast on Tuesday, saying it would take until 2024 - a year longer than previously expected - for passenger traffic to return to pre-crisis levels. In an update on the pandemic’s crippling…

McDonald's global sales suffer

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McDonald’s Corp on Tuesday reported a broad drop in global same-store sales and missed profit expectations, as its restaurants were shut due to the COVID-19 pandemic, limiting operations to only drive-thru and delivery. Shares of the Chicago-based…

Gold hits record

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Global equity benchmarks edged higher and gold soared to an all-time high on Monday as investors weighed expectations for another U.S. stimulus package against concerns that rising tensions between the United States and China will the slow the…

Tunisia president designates new PM

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Tunisian President Kais Saied designated the interior minister as the new prime minister to succeed Elyes Fakhfakh, who resigned over allegations of a conflict of interest. New premier Hichem Mechichi, 46, an independent, now has a month…