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China launches anti-dumping probe into Australian wine

BEIJING, Aug 18 (AFP): China on Tuesday ramped up tensions with Australia after it launched a probe into wine imports from the country, the latest salvo in an increasingly bitter row between the trade partners.Relations between Beijing and Canberra have nosedived in recent months after Australian Prime Minister Scott Morrison...

Ryanair cuts flights as EU virus rates hit bookings

Ryanair has said it will cut capacity by 20 per cent in September and October following "notably weakened" bookings in recent days, reports BBC.The airline said the drop was driven by "uncertainty over recent Covid case rates in some EU countries".It said cuts will mostly be in flight numbers as...

Gold climbs back above $2,000/oz level as dollar slides

BENGLURU, Aug 18 (Reuters): Gold rose 1.0 per cent on Tuesday, climbing back above the $2,000 level breached earlier this month, as the dollar touched a more than two-year low and investors awaited details of the US Federal Reserve's strategy to combat a pandemic-induced economic slump.Spot gold climbed 1.1 per...

GP-Maximus introduces affordable 4G-VoLTE enable device

Grameenphone (GP) and Maximus jointly introduced a co-branded low-cost 4G-VoLTE enable device recently, reports UNB.Maximus G10 MAX has a Quad-Core processor of 1.4 GHz with 2GB RAM and 16GB ROM, said a press release.The phone has a 6.088 HD- display with 'Waterdrop Full Vision' and runs on Android 9.0 which...

Oil price holds gains made on high OPEC+ compliance

LONDON, Aug 18 (Reuters): Oil prices steadied on Tuesday, hanging on to gains from the previous session thanks to high compliance with production cuts from members of the OPEC+ producer group.Brent crude LCOc1 was virtually flat at $45.39 a barrel at 0905 GMT, having gained 1.3 per cent on Monday....

Aboriginal group says miners' use of gag clauses needs review

MELBOURNE, Aug 18 (Reuters): An Australian Aboriginal group on whose land BHP and Rio Tinto mine iron ore said on Tuesday that gag clauses in land agreements have stopped traditional owners from publicly objecting to developments.Some of the miners' biggest projects, numerous smaller mines and hundreds of kilometres of rail...

Norway oil fund loses 18b euros in first half

OSLO, Aug 18 (AFP): Norway's huge sovereign wealth fund, the world's biggest, lost 188 billion kroner (18 billion euros, $21 billion) in the first half of the year as the global economy reels from the Covid-19 pandemic, the central bank said Tuesday.The fund, in which the Norwegian state's oil revenues...