Business

07 Oct 2020; MEMO: Lebanese authorities have blocked an oil tanker taking off from Greece and heading to Syria’s Assad regime, Safa news agency reported yesterday.

According to Asharq Al-Awsat newspaper, Safa said that the Lebanese judiciary has been investigating the arrival of the tanker to the country’s coast.

Mito, Oct 7 (AP/PTI) Japan has proposed raising its catch quotas for Pacific bluefin tuna, a fish so highly prized for sushi and sashimi that its population is at less than 5% of historical levels.

An online meeting of countries that manage the Pacific bluefin that began Tuesday is studying the proposal to raise Japan's catch limits for both smaller and larger bluefin tuna by 20%.

Washington, Oct 7 (PTI) The Trump administration has announced new restrictions on H-1B nonimmigrant visa programme which it said is aimed at protecting American workers, restoring integrity and to better guarantee that H-1B petitions are approved only for qualified beneficiaries and petitioners, a move which is likely to affect thousands of Indian IT professionals.

GENEVA, Oct. 6 (Xinhua) -- World merchandise trade is expected to fall by 9.2 percent in 2020, followed by a 7.2-percent rise in 2021, the World Trade Organization (WTO) said on Tuesday in its revised trade forecast.

In April, the WTO had predicted a decline in the volume of world merchandise trade for 2020 between 13 percent and 32 percent as the COVID-19 pandemic disrupted normal economic activity and life around the world.

Washington, Oct 6 (PTI) US Secretary of State Mike Pompeo will meet External Affairs Minister S Jaishankar in Tokyo on Tuesday, the State Department said.

Pompeo and Jaishankar are in Tokyo to attend the second QUAD ministerial involving their counterparts from Australia and Japan.

While Pompeo and Jaishankar talk over the phone at frequent intervals, this is their first meeting after the recent border incursions by China in India.

Washington DC; 05 Oct 2020 (UMMN): A new bill introduced in the House of Representatives “would require the president to consult with the Israeli government to ensure [qualitative military edge] concerns are settled” for arms sales to the Middle Eastern countries.

05 Oct 2020; MEMO: Saudi Arabia’s total production of gold increased 158 per cent to 12,353 kilogrammes in 2019 compared to the 4,789 kilogrammes recorded in 2014, a new report revealed.

According to the publication, the kingdom has also increased its total production of silver, reaching 5,588 kilogrammes in 2019 compared to 4,800 kilogrammes in 2014.

London, Oct 5 (PTI) Indian ride-hailing company Ola has been refused a licence to continue operating in London over passenger safety failings by the British capital's transport authority, a decision the company said would appeal.

The Bengaluru-headquartered company, which had launched its services in London in February, has 21 days to appeal against the decision of Transport for London (TfL) and can continue to operate in the interim.

Kanpur: City side of Central station will be redeveloped. Substantiating this vital information, VP Sood, project manager, said that Kanpur Central redevelopment plan would equip with various facilities. The plan has been sent to the Railway Board.

About 80% of the development work will be done on the city side. The numbers of the  passengers entering the station remain more than the Cantt side. It also becomes a reason to consider redevelopment works on this spacious side.

04 Oct 2020; MEMO: An Israeli newspaper has reported that Sudan and Oman have postponed normalising ties with Israel until after the US elections, Rai Al-Youm reported on Friday.

Reporting Israeli newspaper Maariv, Rai Al-Youm disclosed that the two Arab countries would not offer their “precious gifts” to US President Donald Trump and Israeli Prime Minister Benjamin Netanyahu before the US elections.