Browsing: Business

According to an official from the Indian Oil Ministry, the country will continue to purchase Russian crude oil even after the embargo and price cap are implemented on December 5. India has consistently stated its intention to purchase whatever crude

The EU agreed with the G7 to cap Russian oil prices to deprive the Kremlin of funds for its Ukraine war, as Putin said strikes on Ukraine’s infrastructure were “inevitable”. With an EU embargo on Russian crude oil from Monday,

On Thursday, Ford Motor Co announced that it was recalling 634,000 sport utility vehicles (SUVs) worldwide over the possibility that their fuel injectors may be cracked and that owners should have their cars inspected. A recall has been issued by

In the wake of Tesla Inc.’s rapid selloff, most Wall Street analysts’ price targets have become obsolete. Tesla shares must rally 80% to reach the median analyst target price, the second-biggest gap on the Nasdaq 100 Index behind Baidu Inc.

There will be a Pacific-Rim summit taking place in the capital of Thailand this week that will focus on competition between great powers in Asia, inflation, food and energy shortages. Two closed-door sessions will be held Friday and Saturday between

In a landmark report released by Masdar and Abu Dhabi Sustainability Week (ADSW) on the sidelines of the UN Climate Change Conference (COP27) in 2022, the continent could capture as much as ten percent of the global green hydrogen market,

As forecasters warned of many months of contraction ahead, the British economy shrank in the three months to September, official statistics showed on Friday. Despite a smaller-than-expected contraction, gross domestic product fell by 0.2% between July and September, signaling the

The Clean Energy Business Council (CEBC) has welcomed Aldar Properties as a Partner member and will work closely with the organisation to improve energy efficiency. By connecting the public and private sectors, CEBC accelerates the transition towards clean energy in

Binance canceled its acquisition plans for FTX on Wednesday. Binance said in a tweet that it couldn’t help with the problems. FTX, which was valued at $32 billion earlier this year, is now at risk. Sam Bankman-Fried’s crypto empire is

In October, Jordan imported about 405,550 barrels of crude oil from Iraq, an average of 13,000 barrels per day. This is according to Dr. Saleh Kharabsheh, the Minister of Energy and Mineral Resources of Jordan. As he stated in a