Business
Weak dollar and supply concerns drive up oil prices
There was a notable rise in oil prices on Monday. This was due to a weaker dollar and supply concerns ahead of the European Union’s embargo ...
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Business
PM Modi calls for diversified, resilient supply chains at SCO summit
At the 22nd SCO Summit today in Samarkand, Uzbekistan, Prime Minister Narendra Modi attended the event along with leaders from SCO countries...
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Business
Lawsuit filed against Tesla over alleged false autopilot and self-driving claims
Elon Musk’s electric car company Tesla Inc is being sued in a proposed class action lawsuit alleging that the company misled the public by f...
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Business
Despite the lowest unemployment since 1974, the UK jobs boom is fading
A fall in the workforce and other signs suggest that the country’s jobs boom is petering out added to the Bank of England’s inflation concer...
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Business
Export growth in China sinks in August, while imports shrink
There was a drop in Chinese trade in August due to a decline in global consumer demand and a drop in domestic demand, as a result of high en...
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Business
Modi-let India to surpass Germany and Japan as 3rd largest economy by 2029
Indian economy will reach third place in the world by 2029. India will surpass Germany by 2027 and Japan most likely by 2029, according to a...
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Business
Zohr gas field production reaches 2.7 billion cubic meters a day in Egypt
During Fiscal Year 2021-2022, the Ministry of Petroleum and Mineral Resources announced that the Zohr gas field recorded its highest product...
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Business
Indian economic growth is expected to be 7.4 percent this year and next
Indian Finance Minister Nirmala Sitharaman said the Indian economy will grow at 7.4 percent this fiscal year and next. International Monetar...
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Business
An energy crisis causes the euro to slump to two-decade lows
A record two-decade low in the euro was recorded on Tuesday as renewed concerns over an energy shock pushed inflation higher and made Europe...
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Business
British economy shrank record 11 percent in 2020, its lowest since 1709
Updated official figures published on Monday showed that Britain recorded its biggest drop in output in more than 300 years as it faced the ...
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Business
Indian commerce ministry develops an outreach strategy to boost agro exports
In order to achieve the current financial year’s agro export target of over $23 billion, the Indian Commerce and Industry Ministry has devel...
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Business
Nigeria asset sale hits regulatory snag for Exxon Mobil
In response to Nigerian President Muhammadu Buhari’s approval of the $1.28 billion sale of shares in Exxon Mobil’s Nigerian unit to Seplat, ...
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Business
OPEC Fund provides $30 million loan to Paraguayan farmers and businesses
Under its Food Security Action Plan, the OPEC Fund for International Development (OFID) has signed a $30 million loan agreement with Banco S...
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Business
Snapchat owner suffers from slump in advertising
Snapchat’s shares plunged after it missed revenue expectations and warned it faces incredibly challenging conditions. As a result of disrupt...
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Business
India invites French aircraft maker SAFRAN to collaborate with India
A high-level delegation from French aircraft engine maker Safran Group, led by its CEO Olivier Andries, met with Indian Defence Minister Raj...
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Business
PM Modi: Digital India makes technology more accessible
Digital India Week 2022 was inaugurated by Prime Minister Narendra Modi today at Mahatma Mandir in Gandhinagar. This Digital India Week has ...
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Business
DOE delegation to explore Canadian clean energy opportunities
The Abu Dhabi Department of Energy (DoE) visited Canada to meet with senior government officials and stakeholders in the Canadian energy sec...
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Business
India and EU begin extensive free trade negotiations again after nine years
India and the EU are resuming negotiations for the India-EU Free Trade Agreement after a nine-year lull. A joint event held at the EU HQ in ...
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Business
OPEC Fund to lend US$25 million to develop Latin American infrastructure
OPEC Fund for International Development (OFID) and Corporacion Interamericana para el Financiamiento de Infraestructura (CIFI) have signed...
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Business
Citigroup Inc employee error wiped out $315 billion from Europe stocks
After a sudden 8% decline in Swedish stocks, Citigroup Inc . said its London trading desk caused a flash crash in Europe that sent shares ac...
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