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Dollar Heads for Weekly Gain as Yen Reaches Key 160 Level

New york: The US dollar remained steady on Friday, poised for a weekly gain, while the Japanese yen tested the significant 160-per-dollar level. The dollar index, which evaluates the greenback against a basket of currencies, including the yen and the …

UN Report Identifies Five Key Areas for Climate Optimism

Abu dhabi: Scientists warn that the Earth is likely to surpass a significant global warming threshold within the next decade, edging closer to a climate disaster.

According to Emirates News Agency, a new report from the United Nations Environment P…

Gold Slips, Set for Weekly Loss on Rate-Hike Fears

Abu dhabi: Gold prices fell on Friday and were poised for a weekly loss amid rising inflation and interest rate-hike fears. Spot gold was down 0.7 percent at $4,442.94 per ounce, as of 0402 GMT. It has fallen about 2 percent for the week so far. The U…

Fire Claims 12 Lives at Sri Lankan Elderly Home

Colombo: A fire at a home for older people in Anguruwatota, located 55 kilometers from Colombo, has resulted in the deaths of 12 individuals, according to police reports on Thursday. An additional eight residents have been hospitalized following the i…

Oil Steadies After First Drop This Week

Dubai: Oil was steady after its first decline this week on optimism that talks between the US and Iran will see energy flows resume through the Strait of Hormuz. West Texas Intermediate traded below US$93 a barrel, after sliding more than 3% on Thursd…

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