Iran using all resources to sell oil in ‘grey market’
DUBAI, May 05 (Reuters): Iran has mobilised all its resources to sell oil in a "grey market", bypassing US sanctions that Tehran sees as illegitimate, state media quoted Deputy Oil Minister Amir Hossein Zamaninia as saying on Sunday.The United States, which last year withdrew from a 2015 Iran nuclear deal...
Read more
A dialogue
A dialogue was held between Foreign Minister Dr A K Abdul Momen and the Bangladesh community in Russia recently. The dialogue was conducted by S M Parvez Tamal, Chairman of NRB Commercial Bank Limited and General Secretary of Bangabandhu Parishad Russia. Ambassador of Bangladesh in Russia Dr S M Saiful...
Read more
Siemens weighs carving out Gas and Power unit
MUNICH/FRANKFURT, May 05 (Reuters): German industrial conglomerate Siemens is weighing options for its Gas and Power unit, carving out all or part of the business to prepare it for a potential stock market listing or a merger with a peer, two people close to the matter said.The business caters to...
Read more
Pak govt allows Rs9.42 increase in petrol price
ISLAMABAD: The federal government of Pakistan on Saturday night allowed a massive increase in the prices of petroleum products, raising the price of petrol by Rs9.42 and kerosene by Rs7.46 per litre.The new prices of petrol and kerosene are Rs108.31 and Rs96.77 respectively.The new prices came into effect on May...
Read more
Sri Lanka tourism takes a hit after bombings
COLOMBO, May 05 (Reuters): Sri Lanka's $4.4 billion tourism industry is reeling from cancellations as travelers shun the sun and sand Indian Ocean island after multiple suicide bombings that killed over 250 people two weeks ago.Suspected suicide bombers from little-known Islamic groups in Sri Lanka attacked churches and luxury hotels...
Read more
India sees little scope for Jet Airways revival
NEW DELHI, May 05 (Reuters): The Indian government sees little hope of a bidder emerging for debt-laden Jet Airways Ltd, which halted operations last month, two senior finance ministry officials said.Parties that had initially expressed interest in Jet, which is saddled with roughly $1.2 billion of debt, have so far...
Read more
Facebook bets on stars in quest for sales
Stars with legions of followers on Instagram will soon be able to sell products directly to users using the company's apps, reports BBC.Facebook, which owns Instagram and Whatsapp, said this week that the future of shopping would depend on content "creators".Hiring so-called influencers to shift goods is nothing new. Royal...
Read more
China's chemical industry sees faster Q1 value added growth
BEIJING, May 05 (Xinhua): China's chemical sector saw faster value-added growth in the first quarter, official data showed.The value added for the Chinese chemical industry grew 5.0 per cent year on year in the first three months, 2.1 per centage points faster than the same period 2018, according to the...
Read more
