Gas Prices Continue to Surge in U.S., Rising 14% in a Week
Soaring oil prices suggest that more increases could be in store for American drivers. Diesel, jet fuel, and other refined products are also becoming much more expensive. Source link
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Strait Of Hormuz: Iran conflict: Oil company, lobby group seek security for ships
NEW DELHI: A shipping lobby group and a state-run oil company on Friday sought security escort for vessels moving in and out of the Strait of Hormuz, the channel for oil and gas supply from West Asia, while also suggesting access through other ports, such as Yanbu in Saudi Arabia, to ensure uninterrupted flow of…
Health Care Has Become the Lifeblood of the Labor Market
An aging population is drawing workers to medical and social care, creating reliable jobs and revealing weakness for the rest of the economy. Source link
Stranded Ships West Asia: Middle East tensions: Consider charges waiver for stranded ships, ports told | India News
NEW DELHI: With West Asia-bound cargo ships stranded in India due to conflict in the region, shipping ministry on Friday directed all 12 major ports to consider requests for reduction, waiver or remission of charges, including for storage rent, reefer plugging and change of vessel.The ministry said ports may permit storage of cargo destined for…
Axel Springer Agrees to Buy U.K.’s Telegraph
The $766 million takeover is the latest twist for The Telegraph, an influential British newspaper whose ownership had been in limbo for years. Source link
Fundamentals strong, can deal with oil surge: Finance ministry
NEW DELHI: India has sufficient foreign exchange reserves, low current account deficit and inflation rates, which collectively allow it to effectively mitigate the impacts of rising global crude oil prices and ensure domestic energy security despite the country’s high dependency on imported crude oil, a finance ministry report said on Friday.But it cautioned that if…
Iran’s Chokehold on Strait of Hormuz Strains Oil and Gas Shipping
The threat of prolonged attacks on oil tankers and other vessels is giving Iran an advantage, analysts say. Source link
Gulf tensions: Will use every policy tool to help exporters, assures Piyush Goyal
NEW DELHI: Government will use “every policy tool and the export promotion mission” to support exporters in the ongoing crisis in West Asia, commerce and industry minister Piyush Goyal said on Friday. “We are in complete engagement with exporters. Every day, the inter-ministerial group talks to exporters and takes feedback. We will not be found…
Defense Without U.S. Help Is a Live Topic for Canada, Japan and Australia
The leaders of Japan and Canada are making a unified front on defense cooperation as President Trump raises the pressure over military spending. Source link
In range-bound session, rupee slips 15 paisa vs Dollar
MUMBAI: The rupee closed at 91.75 against the dollar on Friday, down 15 paise from the previous close of 91.6, after a largely range-bound session marked by pressure from higher crude oil prices and foreign fund outflows.Suspected intervention by the central bank too influenced market movements. Heavy selling in domestic equities and withdrawals by foreign…