Oil prices have reached new highs after European Union leaders agreed to prohibit more than two-thirds of Russian oil imports. On Tuesday, Brent crude surpassed $123 a barrel for the first time in two months. Oil and gas prices have… Read More ›
Day: May 31, 2022
EU Has Agreed To A Progressive Russian Oil Embargo, With Hungary Granted Exemptions
Leaders of the European Union have come to a consensus to impose a ban on importing of Russian crude oil and the latest decision would come into effect by the end of the current year. The decision would however exempt, for the time being, pipeline shipments Hungary… Read More ›
Abrdn CEO Predicts Indian And Chinese Stock Markets Might Quadruple By 2050
According to Abrdn CEO Stephen Bird, stock market capitalisation in India and China might quadruple by 2050 as Asia moves from “laggard to leader” in the climate transition. Bird commended the economic revolution that has lifted more than a billion… Read More ›
Apple’s Upcoming iPhone and iPad Software Will Include Numerous Significant Upgrades
With its future software releases, iOS 16 and iPadOS 16, which the firm is scheduled to announce during its WWDC 2022 developer conference on June 6, Apple is reportedly introducing a plethora of new updates to iPhones and iPads. According… Read More ›
BT and Ericsson partner in building private 5G networks across Britain
BT and Ericsson have struck a multi-million pound partnership agreement to offer private 5G networks to businesses across Britain, enabling them to deploy Internet of Things (IoT) and other technologies securely and swiftly. Private 5G networks mirror public 5G, but connectivity is… Read More ›
Israel UAE sign Free Trade Agreement
On Tuesday, in a significant development Israel has signed a free trade agreement (FTA) with the United Arab Emirates marking its first big trade accord with an Arab state. The agreement sees removal of tariffs as well as a boost… Read More ›
EU leaders agree in principle to Russian oil embargo
On Tuesday, EU leaders have “in principle” reached an agreement to ban oil imports from Russia, said European Commission chief Ursula von der Leyen. “I am very glad that the leaders were able to agree in principle on the sixth… Read More ›
Foxconn expects stable supply chain from third quarter
On Tuesday, Foxconn, the world’s largest contract chipmaker, said it expects the second half of this year to be “in a better direction” since COVD-19 lockdown appears to be easing in Shanghai. “We are quite confident in the stability of… Read More ›
Spurt in defense deals in Europe midst Ukraine Russia war
In a statement Israel’s defence minister said, Europe is interested in purchasing weapons from Tel-Aviv in the backdrop of the Ukraine-Russia war. He declined to expand on the possibility of Germany purchasing Israeli missile interceptors. Last month, Germany’s Chief of… Read More ›
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