Business

02 April 2022; MEMO: The director of the Algerian Sonatrach Petroleum Corporation Tawfiq Hakkar has announced that his country is currently unable to be an alternative provider of Russian gas for European partners.

New Delhi, Apr 2 (PTI) Petrol and diesel prices were on Saturday hiked by 80 paise a litre each, taking the total increase in rates in the last 12 days to Rs 7.20 per litre.

Petrol in Delhi will now cost Rs 102.61 per litre as against Rs 101.81 previously, while diesel rates have gone up from Rs 93.07 per litre to Rs 93.87, according to a price notification of state fuel retailers.

Rates have been increased across the country and vary from state to state depending upon the incidence of local taxation.

Ghaziabad, Apr 2 (PTI) Selling of raw meat will not be allowed in the open during the ongoing Navratra, Ghaziabad Mayor Asha Sharma said on Saturday.

The district magistrate clarified that licensed meat shops can run their business in covered kiosks during the nine-day-long festival.

BRUSSELS, April 1 (Xinhua) -- The annual inflation in the eurozone accelerated to a record 7.5 percent in March, according to a flash estimate published on Friday by Eurostat, the European Union's (EU) statistical office.

Inflation has been driven primarily by the 44.7 percent year-on-year hike in energy prices in March. The figure for February was 32 percent.

Food, alcohol and tobacco prices rose by 5  percent in March compared to the year prior. In February, the annual inflation rate in this category was 4.2 percent.

New Delhi, Mar 31 (PTI) India on Thursday defended its decision to look for "good deals" for its energy requirement amid volatility in the market, while pointing out that Europe has been a major buyer of Russian oil and gas even after the crisis in Ukraine unfolded.

External Affairs Minister S Jaishankar made the remarks in the presence of visiting British Foreign Secretary Liz Truss at the India-UK Strategic Futures Forum, shortly after holding extensive talks with her on a range of issues, including the situation in Ukraine.

01 April 2022European Union antitrust regulators, on Friday, scrapped their investigation into Qatar Energy after evidence they collected did not confirm their initial concerns, Reuters reported.

"Today's closure decision is based on a thorough analysis of all relevant evidence, including information received from Qatar Energy and the European gas importers," the European Commission said in a statement.

Last month, Reuters exclusively reported that the state-owned company was no longer in the EU crosshairs.

31 March 2022; MEMO: The United States is aiming for $6.1 billion worth of trade with Algeria, Secretary of State Antony Blinken announced yesterday, through a "greater presence for American businesses" in the North African country.

31 March 2022; MEMO: Turkey's Presidential Spokesperson, Ibrahim Kalin, has said that the purchase of the S-400 missile defence system from Russia is a "closed issue" as he stressed that his country, which has the second largest army within NATO, needs such a system. Kalin made the comment earlier this week to CNN's Becky Anderson.

"We have told the Americans and others, that the whole S-400 file is closed," he explained. "We are not thinking of sending it anywhere."

31 March 2022; MEMO: The International Monetary Fund (IMF) said on Wednesday that Tunisia must take a series of measures to reduce the budget deficit and revive the economy, Anadolu has reported, including strict control over the public sector wage bill and better targeted subsidies. An IMF team visited Tunisia last week for talks on the economic reform programme.

BEIJING (AP) — Chinese leader Xi Jinping on Thursday issued strong backing for Afghanistan at a regional conference, while making no mention of human rights abuses by the country’s Taliban leaders.

Xi pledged China’s support in a message to a gathering of representatives from Afghanistan, China, Russia, Pakistan, Iran, Tajikistan, Turkmenistan and Uzbekistan in a central Chinese city that spotlights Beijing’s aspirations to play a leading role in Afghanistan following the withdrawal of U.S. forces last August.