Business

03 May 2022; MEMO: Iranian Oil Minister Javad Owji met with his Venezuelan counterpart Tareck El Aissami on Monday, according to a video published by El Aissami on his Instagram account, reports Reuters.

"It's a pleasure to have you here," El Aissami said in the video, which gave no details of the meeting.

Venezuela and Iran are both under US sanctions and have tightened their relationship regarding oil in recent months.

Berlin, May 2 (PTI) Prime Minister Narendra Modi arrived here on Monday on the first leg of his three-nation Europe trip during which he will hold detailed bilateral discussions with German Chancellor Olaf Scholz and co-chair the India-Germany inter-governmental consultations.

Landed in Berlin. Today, I will be holding talks with Chancellor @OlafScholz, interacting with business leaders and addressing a community programme. I am confident this visit will boost the friendship between India and Germany, Modi tweeted soon after his arrival here.

Xinhua: Chinese automakers have gained more and more popularity in the Israeli market with electric vehicles (EVs) amid the Israeli government's ambitions to gradually phase out fossil fuel vehicles.

In a showroom of China's automaker Geely Auto Group in the central Israeli city of Tel Aviv, Segal Yafa, a buyer from the south of the city, has signed a contract for three China-manufactured Geometry C electric vehicles.

   "One for my husband, one for myself, and one for my friend," Yafa told Xinhua.

Xinhua: Former diplomat of the Netherlands Peter Bootsma has been working with Boao Lecheng International Medical Tourism Pilot Zone on China's tropical island of Hainan since September 2021.

He says the medical tourism zone provides opportunities for international pharmaceutical companies.

BEIJING, April 30 (Xinhua) -- On Friday afternoon, the Political Bureau of the Communist Party of China (CPC) Central Committee held its 38th group study session. Xi Jinping, general secretary of the CPC Central Committee, presided over the session, which is about regulating and guiding the healthy development of capital in China according to law.

Xinhua: Zahony, a town that locates within 100 km to five borders with five countries in northeastern Hungary, has become an important hub for China-Europe freight trains to enter the EU.

Norbert Csomos, managing director of MAV-REC Railway Engineering Cooperation Ltd., has witnessed the development in Zahony, where the first container train from China arrived in July 2017.

NEW DELHI, May 2. /TASS/. The European Union will stop importing Russian coal in summer and will do away with Russian oil by the end of 2022, German Chancellor Olaf Scholz said in an interview with The Indian Express newspaper published on Monday.

The European Union has adopted, along with its transatlantic partners, "unprecedented sanctions against the Russian Federation," the Chancellor said. "Many countries have joined these sanctions, even if this necessarily implies economic costs for ourselves," he noted.

New Delhi, May 1 (PTI) Jet fuel prices on Sunday were hiked by 3.22 per cent -- the ninth straight increase this year -- to an all-time high, reflecting a surge in global energy prices.

The price of aviation turbine fuel (ATF) -- the fuel that helps aeroplanes fly -- was hiked by Rs 3,649.13 per kilolitre, or 3.22 per cent, to Rs 1,16,851.46 per kl (Rs 116.8 per litre) in the national capital, according to a price notification of state-owned fuel retailers.

New Delhi, May 1 (PTI) India's petrol and diesel sales growth moderated in April while cooking gas LPG consumption fell as record high prices dented demand, preliminary industry data showed on Sunday.

Petrol sales growth moderated to 2.1 per cent in April when compared with the same period in the preceding month, while diesel demand was almost flat. Cooking gas LPG, which had consistently shown growth even during the pandemic period, saw a massive 9.1 per cent month-on-month drop in consumption during April.

01 May 2022; MEMO: Egypt's Suez Canal Authority said Sunday that its monthly revenues hit all-time high in April, Anadolu reports.

In a statement, the Suez Canal Authority said the international waterway made $629 million in revenues in April, an increase of 13.6% from $553.6 million last year.

The strategic waterway raised the transit fees for ships since last year amid a boom in global trade movement.

In 2021, the Suez Canal recorded its highest revenues, raking in $6.3 billion.