Business

25 June 2022; MEMO: Israeli settlers have been escaping high prices in Israel by shopping in the Palestinian cities of the occupied West Bank, Israel Hayom revealed earlier this week.

According to the Israeli daily, there is an increasing trend as more Israelis buy fuel and go shopping in Palestinian cities and villages despite "massive danger".

According to the newspaper, the reason is the high living standards and prices in Israel compared to the comparatively low prices in Palestinian shops.

26 June 2022; MEMO: Saudi Arabia has lifted its unofficial boycott of goods and products from Turkiye, after the two countries and their leaders reconciled following years of deteriorated diplomatic ties.

25 June 2022; MEMO: The US has confirmed that it would not support the rehabilitation of the head of the Syrian regime, Bashar Al-Assad, in any way.

US Assistant Secretary of State for Near Eastern Affairs Ambassador Barbara Leaf conveyed that the US will not support efforts to normalise or rehabilitate Syrian President Bashar Al-Assad.

Mumbai, Jun 24 (PTI) The rupee on Friday slipped 1 paisa to close at its all-time low of 78.33 against the US dollar amid growing concerns over aggressive monetary policy tightening by central banks and relentless foreign capital outflows.

Positive domestic equities and a weak American currency overseas supported the local unit, forex dealers said.

At the interbank foreign exchange market, the local currency opened at 78.20 and finally settled at its all-time low of 78.33, down 1 paisa from its previous close.

24 June 2022; MEMO: China has urged the US to respond to Iran on resuming compliance with the Joint Comprehensive Plan of Action (JCPOA), the historic nuclear deal with Tehran which is stalled, Anadolu News Agency reports.

Insisting on diplomatic efforts to end the deadlock, China's Foreign Minister, Wang Yi said: "The US side should earnestly recognise its responsibilities and respond positively to reasonable demands of the Iranian side."

New Delhi, Jun 22 (PTI) Tata Steel has not made any purchase of PCI coal from Russia post its April announcement of severing business ties with Russia amid the ongoing conflict with Ukraine, a company spokesperson said on Wednesday.

On April 20, Tata Steel had said it would stop doing business with Russia. To ensure business continuity, all its steel manufacturing sites in India, the UK and the Netherlands have sourced alternative supplies of raw materials to end its dependence on Russia.

London, Jun 21 (PTI) British Prime Minister Boris Johnson on Tuesday called for a sensible compromise on the pay demands by workers' unions that have resulted in the UK's worst rail strike in 30 years, with a majority of the staff walking out to cripple the networks.

Just one in five trains are expected to run on Tuesday, Thursday and Saturday when workers are on strike, with services across England, Wales and Scotland being affected from Monday evening. Passengers have been urged to travel by train only if necessary.

22 June 2022; MEMO: A new joint venture into Africa between the UAE and Israel has been agreed in a deal that will see Tel Aviv reap further rewards from the Arab country's normalisation with the apartheid state.

22 June 2022; MEMO: Saudi Crown Prince, Mohammed bin Salman, on Wednesday arrived in the capital, Ankara, on an official visit to Turkiye.

President Recep Tayyip Erdogan is set to receive the Crown Prince with an official ceremony at the presidential complex.

Ahead of an official dinner, the two leaders will hold one-on-one and inter-delegation meetings.

Erdogan earlier said they would discuss ways to take bilateral relations to a much higher level during the Prince's official visit.

22 June 2022; MEMO: Jordan is to buy water from Israel in a bid to ease shortages in the Hashemite Kingdom. Moreover, explained Minister of Water and Irrigation Mohammed Al-Najjar, the government will not expropriate land on which illegal wells have been sunk.

"Many wells are located in remote areas," Al-Najjar was quoted as saying by the Jordan News. "If they had been close to the water networks, though, we would have taken possession of them."