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Egypt calls for local currency settlement among BRICS countries

ANKARA: Egyptian President Abdel Fattah al-Sisi called Wednesday on the BRICS countries to conduct their financial settlement using local currencies.

“Egypt affirms the importance of advancing frameworks of cooperation in the field of financial settl…

Starbucks reports global sales decline in July-September

NEW YORK: Starbucks reported on Wednesday that its global sales fell 7% in July-September – the coffee chain’s third consecutive quarter of decline.

Starbucks’ global comparable store sales fell 7% in July-September and 2% for the full fiscal year, a…

China expels Volkswagen executive over alleged cocaine use

ISTANBUL: China has deported Jochen Sengpiehl, Volkswagen’s chief marketing officer in the country, back to Germany after he tested positive for cocaine, state media reported Wednesday.

Foreign Ministry spokesman Lin Jian said Sengpiehl was deported …