Business

05 Dec 2020; MEMO:  The European Union (EU) has called for the "cat and mouse game" with Turkey to stop, adding that it wants a "more stable and more predictable" relationship with the Islamic majority country.

Speaking at a press conference, European Council President Charles Michel announced on Friday: "We need to work together to have that predictable relationship and we're going to use all channels."

05 Dec 2020; MEMO:  Libya's National Oil Corporation (NOC) announced on Friday that the Organisation of Petroleum Exporting Countries (OPEC) had exempted it from production cuts because of difficult conditions facing the country.

A statement issued by the NOC confirmed that the decision to exempt Libya from the production cuts was taken during a meeting held on Thursday via video conferencing.

New Delhi, Dec 6 (PTI) Petrol price on Sunday was hiked by 28 paise per litre and diesel by 29 paise, the fifth straight day of increase in rates due to firming international oil prices.

Petrol price in Delhi rose to Rs 83.41 per litre from Rs 83.13. Diesel rates went up from Rs 73.32 to Rs 73.61 per litre, according to a price notification of oil marketing companies.

Rates crossed Rs 90-mark for petrol and Rs 80 in case of diesel in Mumbai.

New Delhi, Dec 5 (PTI) Meeting the government for the fifth time on Saturday with their demands for scrapping the three new farm laws, union leaders decided to have their own tea and food, ferried from their langar (community kitchen) at Singhu border, where thousands of farmers are protesting for over a week.

The fifth round of talks began at 2.30 PM and was attended by 40 representatives of various farmer organisations.

London, Dec 5 (AP-PTI) A week of intense trade talks between Britain and the European Union ended in stalemate Friday, with negotiators stepping back while politicians decide whether major differences can be bridged to avoid a messy, economically disruptive rupture in less than a month.

04 Dec 2020; MEMO:  Saudi Arabia's Public Investment Fund (PIF) is seeking a loan of $5 to $7 billion from international banks for investment opportunities, according to Bloomberg.

The PIF obtained its first loan in September 2018 amounting to $11 billion, and another loan of $10 billion in 2019.

According to data from the PIF, the fund has assets of $347 billion.

Juneau, Dec 4 (AP-PTI) The US Bureau of Land Management plans to hold an oil and gas lease sale in Alaska's Arctic National Wildlife Refuge next month, weeks before President-elect Joe Biden, who has opposed drilling in the region, is set to take office.

Conservation groups criticized Thursday's announcement as rushed and based on environmental reviews that are being challenged in court as flawed.

Jaipur/Kota, Dec 3 (PTI) Protests against the Centre's new farm laws gained momentum in Rajasthan on Thursday as farmer organisations blocked roads and held demonstrations and rallies in solidarity with thousands gathered at the national capital's borders as part of their 'Delhi Chalo' march.

A group of farmers, under the banner of Akhil Bhartiya Kisan Sangharsh Samanvay Samiti, held a protest at Jaipur's Surajpole mandi and blocked the Jaipur-Delhi highway for nearly an hour to demand a repeal of the laws.

Mumbai, Dec 4 (PTI) The Reserve Bank of India on Friday said retail inflation is likely to remain elevated and pegged it at 6.8 per cent for the third quarter of the current fiscal.

RBI Governor Shaktikanta Das said the Monetary Policy Committee (MPC) is of the view that inflation is likely to remain elevated, barring transient relief in the winter months from prices of perishables.

NEW DELHI (AP) — A chilly breeze whirls through New Delhi in the mornings and the sun is partly obscured by toxic haze, a marker of another winter in the Indian capital. But along the city’s borders, this year is visibly and viscerally different.

The perpetually busy arterial highways that connect most northern Indian towns to this city of 29 million people now pulse to the cries of “Inquilab Zindabad” — “Long live the revolution.”