Category: Business

The ratings agency S&P has returned Greece’s credit rating to investment grade for the first time since 2010. S&P is upgrading the country’s credit rating to BBB-/A-3 from BB+/B for long- and short-term local and foreign currency sovereign credit ratings. Its decision makes it the first of the three major U.S. ratings agencies to lift […]

WASHINGTON: Fifty years after the 1973 Arab oil embargo, the current crisis in the Middle East has the potential to disrupt global oil supplies and push prices higher. But don’t expect a repeat of the catastrophic price hikes and long lines at the gasoline pump, experts say. The Israel-Hamas war is “definitely not good news” […]

Qatar has agreed to supply British firm Shell with natural gas for 27 years, the Gulf emirate’s state-owned energy company announced yesterday. Since Moscow’s invasion of Ukraine last year, European countries have scrambled to replace lost deliveries of natural gas from Russia. Qatar will supply 3.5 million tons of gas a year under the deal, […]

Apple will update its iPhone 12 in France after fears about radiation, the country’s digital minister says. Jean-Noel Barrot said Apple would deliver a software update for users in the country in the coming days. Sales of iPhone 12 were halted in France after a regulator detected too much electromagnetic radiation. Apple was told to […]

Apple shares fell sharply for a second straight session following reports of significant Chinese restrictions on iPhones at government offices and state-backed entities amid growing tensions between China and the United States. Shares of the world’s biggest publicly-traded company were down 2.8 percent at $177.79 in late morning trading on Thursday, after falling 3.6 percent […]

A German court gave Rupert Stadler, the former head of Audi, a suspended sentence along with a fine Tuesday as he became the highest-ranking executive to be convicted in connection with an emissions cheating scandal. As part of a plea deal, the court gave Stadler a 21-month suspended sentence and ordered him to pay $1.2 […]

Investment in solar power is expected to overtake oil for the first time this year as clean energy spending outpaces that for fossil fuels, the International Energy Agency (IEA) said in a report yesterday. While that is a welcome development, warned the IEA that investment in fossil fuels is rising when it should be falling […]

PM assures all possible cooperation of Pakistan’s govt for development of AJK. ISLAMABAD:Chief of Army Staff (COAS) Gener­al Asim Munir and Director General (DG) Inter-Services Intelligence (ISI) Lieutenant General Nadeem Anjum on Tuesday called on Prime Minis­ter Shehbaz Sharif and discussed is­sues related to national security in the country. During the meeting which took place […]

Richard Branson’s Virgin Orbit Holdings (VORB.O) filed for Chapter 11 bankruptcy on Tuesday after the satellite launch company failed to secure the long-term funding needed to help it recover from a January rocket failure. The Long Beach, California-based company lodged the filing in the U.S. Bankruptcy Court for the District of Delaware seeking a sale […]

President Joe Biden on Monday reassured Americans that their banking system is safe in the wake of the sudden collapse of SVB and the federal takeover of a second bank. “Americans can have confidence that the banking system is safe. Your deposits will be there when you need them,” he said in televised remarks from […]