India’s oil deals with Russia dent decades-old dollar dominance By: Reuters on March 8, 2023NEW DELHI: U.S.-led international sanctions on Russia have begun to erode the dollar’s decades-old dominance of international oil trade as most deals with India – Russia’s top outlet for seaborne crude – have been settled in other currencies. The dollar’s pre-eminence has periodically been called into question and yet it has continued because of the […]
Red Bull play down talk of winning every race By: Reuters on March 7, 2023LONDON: Red Bull were so dominant in Formula One’s Bahrain season-opener that Mercedes rival George Russell suggested they could win every race this year. The Briton was not alone in pointing to such a scenario, even if such a sweep would be unprecedented in a championship that started in 1950 with far fewer rounds than […]
Saudi deposits $5bn in quake-hit Turkiye’s central bank By: AFP on March 6, 2023RIYADH: Saudi Arabia said Monday it was depositing $5 billion in Turkiye’s central bank, a potentially major boost as the country grapples with inflation and damage from last month’s earthquake ahead of presidential elections. Ahmed Al Khateeb, the Saudi tourism minister and board chairman of the Saudi Fund for Development, signed an agreement with Turkish […]
Chinese chipmaking equipment manufacturers filling void left by US export restrictions By: Reuters on March 6, 2023The United States is working to expand its restrictions on the export of chipmaking equipment to China by securing cooperation with the Netherlands and Japan, forcing Chinese chipmakers to turn to domestic suppliers such as those listed below. SHANGHAI MICRO ELECTRONICS EQUIPMENT (SMEE) SMEE is China’s only producer of lithography machines used in semiconductor manufacturing, making it […]
According to a new index, the UAE passport is the strongest in the world By: webdesk on March 3, 2023The Emirati document entered the top 10 list by Nomad Capitalist for the first time with a score of 110.50, moving up from position 35 from the previous year to number one right away. The United Arab Emirates is at the top of the list for 2023, according to the tax and immigration consultancy, in […]
Apple to manufacture iPhones at new plant in India By: AFP/ Web Desk on March 3, 2023NEW DELHI: Apple will manufacture iPhones at a new plant in India, officials said on Friday, as the US tech giant seeks to ramp up its India production and diversify away from China. The flagship mobile’s global supply chain is based mainly in China, where strict Covid policies last year and ongoing diplomatic tensions with the […]
Ukraine defends front line, Putin talks up nuclear arsenal on war anniversary eve By: Reuters on February 23, 2023KYIV, Feb 23 (Reuters) – Ukraine said its forces had repelled Russian assaults along the length of the front line on Thursday on the eve of the war’s anniversary, as President Vladimir Putin, empty-handed after a bloody winter offensive, talked up Russia’s nuclear arsenal. After a series of strident speeches in the runup to the […]
NBA All Stars Weekend 2023: Ranveer Singh, Malala Yousafzai rub shoulders By: webdesk on February 22, 2023Malala Yousafzai’s encounter with Ranveer Singh caught the attention of desi’s around the NBA All Stars weekend 2023. The event was also attended by Ben Affleck, Hasan Minhaj, Chris Tucker, Vin Diesel, Post Malone, and Lindsey Vonn. For the uninitiated, the Simmba actor also met with Ben and quickly got into a deep conversation. Taking […]
Senior Israeli diplomat ejected from African Union summit as row escalates By: Reuters on February 19, 2023ADDIS ABABA, Feb 18 (Reuters) – A senior Israeli diplomat on Saturday was removed from the African Union’s annual summit in Ethiopia, as a dispute over Israel’s accreditation to the bloc escalated. Images posted online showed AU security personnel confronting the diplomat during the opening ceremony of the summit, before she left the auditorium. “Israel looks harshly […]
Israeli missile strikes building in central Damascus, five dead By: Reuters on February 19, 2023AMMAN, Feb 19 (Reuters) – An Israeli rocket strike early on Sunday hit a building in central Damascus’s Kafr Sousa neighbourhood near a large, heavily guarded security complex close to Iranian installations, killing five people, witnesses and officials said. The rare, targeted strike damaged several buildings in the densely populated district close to Omayyad square […]