Air travel down 60 per cent, as airline industry losses top $370 billion: ICAO
A new report from the UN’s air transportation agency confirms there was a “dramatic” fall in international air travel due to COVID-19,
Trade & Economy
IOC Buys Its First Cargo Of Iraqi Basra Medium Oil
Indian Oil Corp (IOC), the country’s top refiner, has loaded its first cargo of Iraq’s newly introduced Basra Medium crude grade, according to ship tracking data from Refinitiv Eikon and a source with knowledge of the matter.
Lulu Group to invest Rs 200 cr in Noida
The Abu Dhabi-based Lulu Group has announced its expansion plans in Uttar Pradesh, involving Rs 200 crore more investment at Greater Noida.
World Bank expects global economy to expand by 4% in 2021
The World Bank Group on Tuesday issued a guarded growth forecast for the global economy this year, saying that a four per cent overall expansion was likely, although the recovery will likely be a “subdued” one.
The virus that shut down the world: Economic meltdown
With millions forced to work from home this year, offices and shops closing as part of containment measures, and travel severely curtailed everywhere, it was inevitable that the economy would suffer.
The deal is done’: EU and UK clinch narrow Brexit accord
The details of the accord have yet to be made public, but if the sides have struck a zero-tariff and zero-quota deal, it will help to smooth trade in goods that makes up half their $900 billion in annual commerce.
Foreign investors stock up on Indian equities with record Rs 1.4 lakh crore net inflow; dump debt securities
FPIs made a comeback in May and the positive momentum continued till August as they pumped in a net amount of Rs 91,000 crore during the period under review.
UAE-India forge close cooperation in food security
The proposed India-UAE Food Corridor attracted investments worth US$5 billion from the UAE
Britain signs free trade deal with Singapore
The deal with Singapore largely mirrors a standing agreement the Southeast Asian nation has with the European Union.
Oil rises on vaccine rollout, concern on Iraq oilfield attack
U.S. West Texas Intermediate (WTI) crude futures rose 23 cents, or 0.5%, to $45.75 a barrel at 0200 GMT, while Brent crude futures climbed 21 cents, or 0.4%, to $49.07 a barrel. Prices were little changed overnight