Business

05 May 2021; MEMO: Eritrean President Isaias Afwerki yesterday arrived in the Sudanese capital, Khartoum, for fresh mediation efforts aimed at resolving the Ethiopian Renaissance Dam, local media reported.

New Delhi, May 5 (PTI) Petrol and diesel prices were raised for the second day in a row on Wednesday as state-owned fuel retailers resumed daily rate revision after a more than two-week long hiatus during assembly elections in states like West Bengal.

Petrol price was increased by 19 paise per litre and diesel by 21 paise a litre, according to a price notification of state-owned fuel retailers.

Petrol in the national capital now costs Rs 90.74 a litre and diesel comes for Rs 81.12 per litre.

PTI, 5 May 2021: (Eds: Disclaimer: The following press release comes to you under an arrangement with PRNewswire. PTI takes no editorial responsibility for the same.)

JERUSALEM, May 4 (Xinhua) -- The Israeli state-run company Israel Aerospace Industries (IAI) said on Tuesday that it will establish a Boeing 777 passenger-to-cargo conversion facility at Incheon International Airport, the largest airport in the Republic of Korea (ROK).

The facility will be set up due to the expected increase in demand for wide-body freighter aircraft with long-flight capacity, IAI noted.

04 May 2021; MEMO: Egypt's Ministry of Defence has announced that it will buy $4.5 billion worth of Rafale fighter jets from France in a move that has sparked outrage among human rights defenders.

The deal will go ahead through a loan to be repaid over ten years.

LONDON (AP) — Britain has announced 1 billion pounds ($1.4 billion) of new trade and investment with India, including a deal with the Serum Institute of India to aid in the development of vaccines against COVID-19 and other diseases.

The announcement came before a video meeting Tuesday between U.K. Prime Minister Boris Johnson and Indian counterpart Narendra Modi, who are expected to agree on deeper cooperation that could pave the way for a free-trade agreement between their countries.

04 May 2021; MEMO: Iraq's Oil Minister Ihsan Abdul Jabbar Ismail yesterday said he does not expect oil prices to drop below $65 a barrel and that lower oil prices should not be a concern after OPEC+ eases production cuts from May.

Iraq has been severely affected by the drop in crude oil prices over the past two years due to the coronavirus pandemic.

02 May 2021; MEMO: Pakistan on Sunday banned inbound pedestrian movement from neighboring Iran and Afghanistan in an attempt to contain the spread of coronavirus, Anadolu Agency reported.

The decision that will be effective from May 4-20 was taken at a meeting of the National Command and Operation Center, a government agency that deals with the country's anti-virus strategy, in the capital Islamabad with Planning Minister Asad Umar in the chair.

New Delhi, May 2 (PTI) External Affairs Minister S Jaishankar will begin a four-day visit to London from Monday primarily to attend a meeting of foreign ministers of Group of Seven (G7) rich nations.

India has been invited to the meeting as a guest country.

"The external affairs minister will be visiting London from May 3-6 to participate in the G7 foreign ministers meeting, at which India has been invited as a guest country. He will thereafter undertake a bilateral visit to the UK," the Ministry of External Affairs said.

WASHINGTON (AP) — President Joe Biden’s call for authorizing Medicare to negotiate lower prescription drug prices has energized Democrats on a politically popular idea they’ve been pushing for nearly 20 years only to encounter frustration.

But they still lack a clear path to enact legislation. That’s because a small number of Democrats remain uneasy over government price curbs on pharmaceutical companies.