Low oil prices shrink Gulf jobs for Indians

Saudi Arabia, but it faces an equally worrying and more intractable problem of declining remittances from the Persian Gulf region due to low crude oil prices that have rendered a large number of expatriates jobless.Remittances to India from the Gulf countries fell 2.2% in 2015-16 from that a year ago to $35.9 billion, declining for […]

Russia and Ukraine Tensions Return As Oil Tanker Conflicts Spread from Middle East to Europe

Russian Human Rights High Commissioner Tatiana Moskalkova phoned her Ukrainian counterpart Lyudmila Denisova, calling her “to clarify the circumstances of the vessel’s detention, as well as the crew: whether there are citizens of the Russian Federation on board, how many are there; whether seafarers are provided with consular support, whether their rights are violated and […]

Tankers ship Iranian fuel cargoes to U.S. for seizure

The four tankers that initially carried the cargoes were the Liberia-flagged Bella, Bering, Pandi and Luna. They are owned and managed by companies controlled by Greece-based firms Vienna LTD and Palermo SA. The fifth vessel, the Wila, which was boarded by Iranian forces near the Strait of Hormuz on Wednesday, is owned by Bandit Shipping […]

Saudi Aramco to press ahead with plan to boost output capacity, CEO says

Aramco’s capital spending plan for 2021 will be “significantly lower than previous guidance,” CEO Amin Nasser also said on a call with analysts and investors after the company’s second quarter results, which were published on Sunday.

ED probes scam linked to embezzlement fraud in Brazil

Aggarwal argued the company’s business has been affected by ED’s action and it is not able to perform day-to-day business. He argued the action has been taken when it is not even known whether a scheduled offence has been registered or not and that ED has not supplied to the company “reasons to believe” to […]

Epic Games is suing Apple over Fortnite, App Store policies

Editors’ Recommendations Apple removes Fortnite from the App Store Facebook speaks out against Apple App Store policies following gaming app issue Fortnite also removed from the Google Play Store Epic Games Founder Tim Sweeney targets Apple over developer fees Apple says cloud gaming apps like Google Stadia violate iOS app store rules

Maruti to roll out CNG models of all small cars

Bhargava said factory-made CNG vehicles cost substantially more than those retrofitted with kits because of taxes and manufacturing costs but pointed out that they are also safer. “Retrofitment is done with imported parts — this is not Make in India,” he said. “To promote Make in India, the government must encourage factory-fitted CNG vehicles… We […]

Plant extracts could be key to new Māori-led export sector

Called Molecularly Imprinted Polymers, the technology had been around since the 1930s but Ligar was the first company in the world to use it at scale. It could also filter out contaminants, like pesticides in wine for example, Slaughter said.

Spotlight: Cuba seeks to promote foreign investment amid COVID-19

Cuban Minister of Foreign Trade and Investment Rodrigo Malmierca said that once the three-phase single-window service is completed, companies, declarants, freight forwarders, transporters, and foreign suppliers will be able to better deal with registration, permits, as well as payments.

Epic sues Google after Fortnite is kicked off the Play Store

Earlier today, Apple removed Fortnite from the iOS App Store after Epic Games directly challenged its payment processing policies by offering V-Bucks for sale via direct purchase from Epic—at a discount, no less. It made the same offer for the Android version of the game, and as reported by The Verge, it’s achieved the same […]