Month : July 2026

Business

Apple expands Broadcom chip deal in U.S. manufacturing

omandailynews.com
Apple announced a multiyear chip agreement with Broadcom valued at more than $30 billion. The deal covers custom silicon parts and wireless connectivity technology for Apple products. Apple said the agreement will produce more than 15 billion U.S.-made chips. It...
Business

China foreign exchange reserves decline in June

omandailynews.com
China’s foreign exchange reserves fell 0.75% in June, official data showed, as valuation changes linked to currencies and asset prices reduced the reported dollar value of reserve holdings. The State Administration of Foreign Exchange said reserves stood at $3.4163 trillion...
Business

ADB cuts Asia Pacific 2026 growth forecast to 4.9%

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The Asian Development Bank cut its 2026 growth forecast for developing Asia and the Pacific to 4.9%. The bank cited prolonged global energy disruption and softer demand in parts of the region. The projection stands below the 5.1% estimate issued...
Health

DRC Ebola trial tests therapies as outbreak spreads

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The Democratic Republic of the Congo has opened patient enrollment in a clinical trial for Bundibugyo virus disease as confirmed Ebola cases rose to 1,708, including 580 deaths. Government data showed the latest totals on Wednesday. The trial targets the...
Business

Developing Asia FDI reaches $644 billion in 2025

omandailynews.com
Developing Asia attracted $644 billion in foreign direct investment in 2025, up from $623 billion a year earlier, United Nations Trade and Development said in its World Investment Report 2026. The gain kept the region as the largest FDI recipient...
Business

Brent crude rises to $74.16 as oil prices climb

omandailynews.com
Oil prices settled higher Tuesday, with Brent crude futures rising 3.01% to $74.16 a barrel. U.S. West Texas Intermediate crude gained 2.76% to $70.44 a barrel. Brent added $2.17 for the session. WTI rose $1.89. Trading later extended gains after...
Business

Africa FDI reaches $70 billion in 2025

omandailynews.com
Africa drew $70 billion in foreign direct investment in 2025, its third-highest level since 1990, according to UN Trade and Development. The total fell from the exceptional $94 billion recorded in 2024. It still stood about one third above the...
Sports

Portugal fall to Spain as Ronaldo legacy closes

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Spain reached the FIFA World Cup quarter-finals with a 1-0 win over Portugal on Monday, as Mikel Merino scored in the 91st minute at Dallas Stadium. The substitute took a pass from Ferran Torres and finished low past Diogo Costa....
News

Macron visit puts Syria reconstruction deals in focus

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French President Emmanuel Macron arrived in Damascus on Monday for an official visit focused on Syrian-French relations, reconstruction and economic cooperation. The trip marks the first visit by a French president to Syria since 2009. Syrian Foreign Minister Asaad Hassan...
News

Italy and GCC sign MoU to expand political cooperation

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Italy and the Gulf Cooperation Council signed a memorandum of understanding in Rome on Monday to strengthen cooperation and create a structured channel for political consultations. The agreement was signed during a meeting between Italian Deputy Prime Minister and Foreign...