Will sanctions easing reboot Venezuela’s oil industry?
CARACAS: On paper, the easing of US oil sanctions against Venezuela should allow its battered economy to once again profit from a resource it has more of than any country in the world.
CARACAS: On paper, the easing of US oil sanctions against Venezuela should allow its battered economy to once again profit from a resource it has more of than any country in the world.
NEW YORK: The US department store Macy’s, which has had financial troubles for years, announced it has rejected a $5.8 billion takeover offer, citing reservations about its would-be investors’ financing capacity.
Kuwait: Zain sponsored the tenth season of Atyab Al Marshoud International showjumping Championship, held at the Kuwait Riding Center in Sabhan.
PESAWAR: Pakistan and Afghanistan reopened a key trade crossing on Tuesday, officials on both sides said, after a row over travel papers as Islamabad cracks down on cross-border movements.
NEW DELHI: India’s stock market has edged out Hong Kong to become the world’s fourth-largest, a milestone that underscores growing global investor optimism about New Delhi’s economic prospects, Bloomberg said Tuesday.
BAGHDAD: Iraqi no-frills carrier Fly Baghdad has condemned Washington’s imposition of sanctions, saying the US Treasury provided no proof of its allegation the airline had assisted Iran’s Revolutionary Guards.
RIYADH: Mounting maritime security threats off Yemen’s coast have stalled work on scrapping a decrepit oil tanker, officials have told AFP, jeopardizing a rare success story in the war-torn country.
WASHINGTON: Africa and the world are on a journey from a period marked by the pandemic and high inflation, to a new digital, climate-friendly economy. To get there, we must navigate high debt levels and limited policy space, and we must work together to overcome fragmentation, said Managing Director Kristalina Georgieva.
HELSINKI: The Finnish economy recovered swiftly from the pandemic, but Russia’s invasion of Ukraine worsened the outlook, with high inflation and rising interest rates weighing on household purchasing power and investment.
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