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.

Vietnam’s military-run telco among Asia’s most influential companies: ACES Awards

Viettel, owned and operated by the Ministry of National Defense, is known for its pioneering use of digital technology to create a more tech-savvy society thanks to several of its digital transformation schemes, including a focus on developing e-government management, smart cities, and digital transformations in the health, education, and transport sectors.

Pandemic wipes out most profits of catfish companies

Mekong Delta catfish farmers worry about lower prices The UN Food and Agriculture Organization (FAO) predicts that the total catfish output in the world will reach 3 million tons in 2020, of which 50 percent is from Vietnam.

COVID-19 vaccine: How do pharma companies get volunteers for trials, what are the risks, and other questions answered

Unlike, the US and Europe, where companies or sponsors of clinical trials run awareness campaigns and advertisements to enrol volunteers, in India clinical trials are generally low-profile affairs. The Clinical Trial Registry – India (CTRI) website is the principal source of information on various clinical trials, their recruitment status, the centres that are participating, and […]

Saudi ex-spy chief’s lawsuit spotlights secret power plays

Graft allegations against Aljabri have met with scepticism in the American intelligence community, with one former CIA official telling AFP: “Everyone in the US who knows Dr Saad and Saudi Arabia and knows what MBS is capable of, would not believe that.”

S.African regulator working to clarify companies’ rights in pandemic insurance claims

JOHANNESBURG, Aug 6 (Reuters) – South Africa’s financial watchdog is consulting with lawyers and the insurance industry on a potential test case to clarify whether insurers should pay rejected claims from firms hit by the impact of the coronavirus, it told Reuters on Thursday.

World Bank announces 2-year conditional non-debarment of Indian company for corrupt practices

World Bank on Wednesday announced a two-year conditional non-debarment of an Indian company in connection with corrupt and fraudulent practices in two road infrastructure projects in Karnataka and Uttar Pradesh. Egis India Consulting Engineers Private Limited is accused of corrupt and fraudulent practices in the Second Karnataka State Highway Improvement Project and the Uttar Pradesh […]

ABB and Green.TV launch World EV Day ‘drive electric’ pledge campaign

Frank Muehlon, Head of ABB’s global business for E-mobility Infrastructure Solutions commented: “As part of ABB Electrification’s Mission to Zero, we are committed to enabling a cleaner and greener society for all. World EV Day shines a spotlight on the need for greater electric vehicle uptake, and we hope this campaign will help to catalyze […]

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 […]

Trump’s tariffs will make fixing your car more expensive

Hopkins Manufacturing Corp may shift its China supplier network to factories in Taiwan. Multi Parts has stopped hiring new employees. AutoZone Inc. and O’Reilly Automotive Inc. plan to raise prices.Businesses in the replacement auto-parts industry — from component makers to local mechanic shops — are scrambling to cope with President Donald Trump’s tariffs on imported […]