Business

GENEVA, Oct 15 (NNN-TELESUR) — Venezuelan Ambassador to the United Nations Educational, Scientific and Cultural Organization Hector Constant denounced the impacts of the illegal economic, financial, and commercial blockade imposed by the United States on the South American nation.

Constant said that illegal economic measures prevent Venezuela’s development.”It affects the country’s efforts to achieve the Sustainable Development objectives of the U.N. Agenda 2023,” he added.

GENEVA, Oct 15 (NNN-TELESUR) — Cuban Ambassador Representative to the United Nations in Geneva Pedro Luis Pedroso denounced at a meeting of Heads of Delegations of the World Trade Organization (WTO) the effort of the United States to hinder the commercial relations with the island.

DHAKA, Bangladesh, Oct 15 (NNN-XINHUA) – The three-day “Digital Device and Innovation Expo 2019” kicked off in Bangladeshi capital Dhaka on Monday.

The exhibition is being held at the Bangabandhu International Conference Centre (BICC), also known as Bangladesh-China Friendship Conference Centre, in Dhaka.

Organisers said, the exhibition is mainly highlighting the successful journey of 10 years of Digital Bangladesh.

STOCKHOLM, Oct 15 (NNN-PTI) — Indian-American Abhijit Banerjee, Esther Duflo and Michael Kremer jointly won the 2019 Nobel Economics Prize on Monday “for their experimental approach to alleviating global poverty.”

“The research conducted by this year’s Laureates has considerably improved our ability to fight global poverty. In just two decades, their new experiment-based approach has transformed development economics, which is now a flourishing field of research,” said the Nobel committee in a statement.

RIO DE JANEIRO, Oct 15 (NNN-Xinhua) — Brazil’s National Trade Confederation (CNC) announced that they expect 91,000 temporary jobs will be created in the upcoming holiday season.

The figure is the highest estimated in the past six years and, if confirmed, will represent a 4-percent increase year-on-year.

The Christmas season is expected to bring 35.9 billion reals to the retail sector in Brazil, the CNC estimates.

14 Oct 2019; MEMO: The Pentagon has agreed to sell Kuwait 19 armoured recovery vehicles and associated heavy equipment to the tune of $281 million, the New Khaleej reported yesterday.

The M88 Recovery Vehicle is one of the largest armoured recovery vehicles and it is referred to as HERCULES – Heavy Equipment Recovery Combat Utility Lifting Extraction System. It would be used to ensure the sustainability of Kuwait’s new tank defence system.

New Delhi, Oct 14 (PTI) Reliance Industries will pay for Venezuelan crude oil via exports of diesel in a barter arrangement as it resumed taking supplies from the US sanctions-hit Latin American nation after a gap of four months.

Although US oil sanctions imposed on Venezuela in January 2019 have no direct secondary component, oil companies such as Reliance Industries (RIL) that have a significant US presence have curtailed their commercial ties with the Opec nation.

Reliance had in March capped oil purchases from the Latin and halted selling diluent.

Bengaluru, Oct 14 (PTI): The workers of Hindustan Aeronautics Limited across its nine units in the country, began an indefinite strike on Monday, pressing various demands including wage revision.

All India HAL Trade Unions Coordination Committee (AIHALTUCC) had on Sunday announced the indefinite strike after talks with the management ended in failure.

PONTIAN, Oct 13 (NNN-BERNAMA) — The Ministry of Housing and Local Government (KPKT) will hold discussions with the Ministry of Finance (MOF) on the lowering of the threshold for foreigners to purchase condominiums and apartments in urban areas from RM1 million to RM600,000.

Housing and Local Government Minister Zuraida Kamarudin said there was a need to re-examine the policy, as there were many among the rakyat who disagreed with it.

12 Oct 2019; MEMO: In a presidential decree, the Assad regime in Syria has decided to exempt Jordanian trucks from transit fees, Jordanian MP Tariq Khouri, who is close to Syria, told mass media on Thursday.

According to Al-Araby Al-Jadeed, Khouri explained that this decree lifts the sanctions imposed on the ground transportation movement between the two countries.