In a statement NetBlocks, an internet service disruption monitor, said, Moscow has re-routed internet traffic in the occupied Ukrainian region of Kherson through Russian communications infrastructure. The move is aimed at tightening Russia’s grip on a region where it has… Read More ›
Economy & Finance
Hungary and Slovakia will be exempt from Russian oil embargo: EC
According to two EU officials, the European Commission may exempt Hungary and Slovakia from an European embargo on Russian oil, given their dependence on Russian crude. The European Commission is expected to finalise a sixth package of EU sanctions against… Read More ›
Greece lifts COVID-19 restrictions in bid to boost tourism
Ahead of the crucial summer tourist season, Greece has lifted its COVID-19 restrictions for foreign and domestic flights, said its civil aviation authority in a statement. Athens hopes to see revenues from tourism bounce back from the pandemic slump. To… Read More ›
Amazon’s Net Loss Raises The Question Of Whether It Has Created Too Many Warehouses
Amazon.com Inc has spent billions of dollars on new warehouses in recent years, slashing earnings while claiming to investors that it had no alternative but to fulfill ever-increasing consumer demand. According to observers, Amazon may have created too much, too… Read More ›
Food Prices Will Continue To Rise, Warns Asda Chairman Stuart Rose
The high cost of raw materials will result in food prices continuing to rise and remain higher “for quite some time,” according to Asda chairman Lord Rose. Many families trying to make ends meet will “suffer,” the Conservative peer said,… Read More ›
Saudi Arabia May Reduce June Crude Prices To Asia From Their All-Time Highs
Saudi Arabia, the world’s largest crude exporter, may drop prices for crude grades supplied to Asia in June after benchmarks fell from records the previous month as COVID lockdowns curtailed demand in China, the world’s largest petroleum importer, traders said… Read More ›
Supply Chain Issues And Uncertainty Over Tariffs To Slowdown U.S. Solar Industry
The solar sector in the United States is predicting a significant slowdown in project instals this year due to global supply chain issues and the potential of new U.S. tariffs on panel imports from Southeast Asia. Southern Co, a U.S…. Read More ›
Surging energy prices fueling French inflation
On Friday, according to preliminary EU-harmonised data inflation in France, fuelled by surging energy prices touched a record high in France in April, applying fresh pressure on newly re-elected French President Emmanuel Macron. In a statement, the INSEE statistics agency… Read More ›
Britain wants to renegotiate portions of Brexit deal related to Northern Ireland
In a statement to a British parliamentary committee, Britain’s Europe minister James Cleverly said, London and Brussels are at an impasse over changes to parts of the Brexit deal that relate to Northern Ireland. Both sides have been trying to… Read More ›
USTR and WTO chief discuss pandemic response among WTO members
In a statement the office of USTR said, United States Trade Representative Katherine Tai met World Trade Organization Director General Ngozi Okonjo-Iweala and discussed ongoing talks among WTO Members to reach an outcome on a pandemic response. “Ambassador Tai stressed… Read More ›