Euro strikes dollar parity for first time since 2002
London: The euro struck parity with the dollar Tuesday for the first time in nearly 20 years as a cut in Russian gas supplies to Europe heightened rears of a recession in the eurozone.
London: The euro struck parity with the dollar Tuesday for the first time in nearly 20 years as a cut in Russian gas supplies to Europe heightened rears of a recession in the eurozone.
VIENNA: The Organization of the Petroleum Exporting Countries (OPEC) projected the growth of world oil demand at 2.7 million barrels per day (bpd) to average 103.0 million bpd in 2023 driven by growth in major importing countries, notably the United States.
Copenhagen: The world’s largest toymaker, Denmark’s Lego, said Tuesday it would stop all its Russian operations, ending the employment of its Moscow staff and a partnership with a company operating 81 stores in Russia.
LONDON: Joe Biden will make his first visit as US president to Saudi Arabia on Friday, where he will seek to persuade Riyadh to pump more oil to bring down prices that are fuelling inflation to the highest levels in decades.
SAN FRANCISCO: Apple’s quest to produce a viable self-driving car remains stalled despite years of work, with its team plagued by setbacks as rivals race ahead, The Information tech news website reported Monday.
SAN FRANCISCO: A leaked cache of confidential files from ride-sharing company Uber illustrates ethically dubious and potentially illegal tactics it used to fuel its frenetic global expansion beginning nearly a decade ago, a joint media investigation showed Sunday.
Austria’s OMV said Monday that Gazprom was further reducing the supply of gas, as the Russian giant began 10 days of routine maintenance on its Nord Stream 1 pipeline.
Kuwait: The price of Kuwaiti oil dropped USD 3.46 to reach USD 104.45 per barrel (pb) on Thursday, compared with USD 107.91 the day before, said Kuwait Petroleum Corporation (KPC) on Friday.
San Francisco: Elon Musk on Friday pulled the plug on his $44 billion deal to buy Twitter, accusing the social media giant of “misleading” statements about the number of fake accounts, a regulatory filing showed.
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