QatarEnergy announced a 27-year natural gas supply deal with China Monday, calling it the "longest" ever seen as it strengthened ties with Asia at a time when Europe is scrambling for alternative sources. The state energy company will supply four million tonnes of liquefied natural gas annually from its new …
Read More »EU to offer debt reduction paths
The European Commission will present in the second half of October proposed changes to European Union fiscal rules that are likely to offer countries individual debt reduction paths, Commission Vice President Valdis Dombrovskis said on Saturday. At a news conference after EU finance ministers held talks in Prague, Dombrovskis said …
Read More »Former Tata Sons chair Cyrus Mistry dies in road accident
Cyrus Mistry, the 54-year-old former chairman of Indian conglomerate Tata Sons, died in a road accident near financial capital Mumbai on Sunday, Indian police said. Mistry was ousted as chairman of Tata Sons, the holding company of the $300-billion salt-to-software Tata conglomerate, in a boardroom coup in 2016, sparking a …
Read More »India’s status as world’s fastest growing major economy to be short-lived: poll
India likely recorded strong double-digit economic growth in the last quarter but economists polled by Reuters expected the pace to more than halve this quarter and slow further toward the end of the year as interest rates rise. Asia's third-largest economy is grappling with persistently high unemployment and inflation, which …
Read More »Saudi Arabia to invest $1 billion in Pakistan
Saudi Arabia plans to invest $1 billion in Pakistan, Saudi state TV reported on Thursday. Saudi King Salman bin Abdulaziz had given the directive for the kingdom to support the Pakistani economy, the state broadcast added. Foreign Minister Bilawal Bhutto-Zardari, taking to Twitter, welcomed the development. "Pleased to have conversation …
Read More »Türkiye to pay for some Russian gas in roubles: Erdogan
President Recep Tayyip Erdogan has confirmed that Türkiye will start paying for some of its Russian natural gas imports in roubles. The announcement was initially made by Moscow late Friday after more than four hours of talks between Erdogan and Russian President Vladimir Putin in Sochi. The United States is …
Read More »Bitcoin rises 3.4% to $24,584; up 39.7% from year low in June
Bitcoin rose 3.36% to $24,584.24 at 1707 GMT on Saturday, adding $798.93 to its previous close. Bitcoin, the world's biggest, best-known cryptocurrency, is up 39.7% from the year's low of $17,592.78, hit on June 18. Ether, the coin linked to the ethereum blockchain network, rose 0.61 % to $1,734.08 on …
Read More »China’s homegrown C919 jet nears certification as test planes complete tasks
China's homegrown C919 narrow-body jet, designed to challenge the Airbus-Boeing duopoly, is nearing certification as its test planes completed all of the test flight tasks, the company said on Saturday. The state-owned manufacturer Commercial Aircraft Corp of China (COMAC) said on its official social media account that the six test planes …
Read More »UAE announces $2 billion investment in hi-tech Indian ‘food parks’ to ease shortages
The United Arab Emirates has pledged $2 billion to help develop a series of "food parks" in India to tackle food insecurity in South Asia and the Middle East, the UAE, India, the United States and Israel said on Thursday. Speaking in Jerusalem at a virtual summit with UAE, Israeli …
Read More »India tightens flour exports after global wheat shortage
India will impose restrictions on the export of flour in a fresh move to insulate domestic markets from a global wheat crisis. Wheat grain exports were severely curtailed in May to shore up national food reserves following global shortages and surging prices triggered by Russia's invasion of Ukraine. The Directorate …
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