Factbox: How a Joe Biden presidency would transform the U.S. energy landscape
Should Joe Biden win November’s U.S. presidential election, there could be a number of changes in energy policy. Here are the issues at stake: INTERNATIONAL OIL SUPPLIES President Donald Trump’s unilateral sanctions on OPEC members Iran and Venezuela have together taken around 3 million barrels per day of crude oil off international markets, a little […]
Spokesman: China to sanction US arms suppliers to Taiwan
BEIJING:China will impose sanctions on US companies including Boeing and Lockheed Martin for supplying weapons to rival Taiwan, a foreign ministry spokesman said Monday. Raytheon also will be affected, said the spokesman, Zhao Lijian. He gave no details of what penalties might be imposed or when. China and Taiwan split during a civil war in […]
Canada’s Cenovus Energy to buy Husky Energy for $18 billion
By Ann Maria Shibu Canadian oil and gas producer Cenovus Energy Inc will buy peer Husky Energy Inc in an all-stock transaction valued at C$23.6 billion ($17.97 billion), inclusive of debt, the companies said in a joint statement on Sunday. The deal is the latest sign of consolidation in the energy industry following the collapse […]
Seychelles opposition wins presidency for first time in 43 years
By Reuters Staff VICTORIA, SEYCHELLES: The Seychelles elected an opposition candidate as president for the first time since 1977, authorities announced on Sunday, and winner Wavel Ramkalawan reaffirmed a pledge to hike the minimum wage after COVID-19 stifled the tourism-dependent economy. Seychelles State House said in a statement on its website that Ramkalawan and his […]
Samsung’s Lee Kun-hee leaves behind $21 billion wealth for inheritance
By Joyce Lee, Hyunjoo Jin SEOUL:Lee Kun-hee, South Korea’s richest person and chairman of Samsung Electronics Co, died on Sunday, leaving behind considerable assets subject to be potentially inherited by his surviving family as well as inheritance tax. Here is a rundown of his net worth, which Forbes says amounts to $20.9 billion, and expected […]
Nepal PM KP Sharma Oli’s office rejects claims of using country’s old map in Dussehra greeting
By Shirish B Pradhan KATHMANDU: Prime Minister K P Sharma Oli has been criticised by netizens for deliberately not using the updated map of Nepal, showing three Indian areas as part of its territory, in his Dussehra greetings, a claim rejected by his office which said the revised map was not visible due to its […]
Donald Trump votes early in Florida as Joe Biden warns of COVID-19 ‘dark winter’
WEST PALM BEACH, FLORIDA: President Donald Trump voted in his adopted home of Florida before hitting the campaign trail for rallies in three swing states on Saturday, joining more than 54 million Americans who have cast early ballots at a record-setting pace ahead of the November 3 election. Trump cast his ballot at a library […]
Turkey’s Tayyip Erdogan says Emmanuel Macron ‘needs treatment’ over attitude to Muslims
ISTANBUL: Turkish President Tayyip Erdogan launched a fresh attack on his French counterpart Emmanuel Macron on Saturday, saying he needed mental treatment over his attitude towards Muslims and Islam. Earlier this month, Macron pledged to fight “Islamist separatism”, which he said was threatening to take control in some Muslim communities around France, drawing a sharp […]
Croatia’s Istria region producing some of the world’s best olive oil: Experts
BALE, CROATIA: In just 15 years, Croatia’s Istrian peninsula in the nothern Adriatic has become one of the world’s best producers of olive oil, decorated with top industry awards. In 2020, Istria won the Flos Olei guide’s best region in the world award for extra virgin olive oil for a 6th consecutive year. The guide […]
Pakistan to remain in ‘grey’ list of FATF till February 2021
NEW DELHI: Pakistan will remain in FATF’s ‘grey’ list till February 2021 as it has failed to fulfil six key obligations of the global money laundering and terrorist financing watchdog that include failure to take action against two of India’s most wanted terrorists Maulana Masood Azhar and Hafiz Saeed, officials said on Friday. The virtual […]
COVID-19 vaccine ready & coming within weeks: Donald Trump at final presidential debate with Joe Biden
WASHINGTON: US President Donald Trump on Thursday said that a COVID-19 vaccine is “ready” and going to be announced “within weeks” to combat the deadly disease that has killed over 223,000 Americans, as he debated with his Democratic challenger Joe Biden for the final time before the presidential election. The debate, just less than two […]
Iran, Russia have US voter information: FBI
WASHINGTON: United States (US) national security officials have said Iran was responsible for sending threatening emails to Democratic voters ahead of next month’s presidential election. The emails appeared to come from a far-right pro-Trump group and were meant to “incite unrest”, National Intelligence Director John Ratcliffe said. Ratcliffe said US officials found Iran and Russia […]
Venezuela plans to use Russian and Chinese coronavirus vaccines
CARACAS: Venezuela plans to vaccinate citizens with Russian and Chinese coronavirus vaccines, which could arrive in the South American nation in December or January, President Nicolas Maduro said on Tuesday. “It has been announced that the completed Russian and Chinese vaccines should arrive by December, January, December-January, and we are going to start vaccination,” Maduro […]
United Airlines testing global health app on UK-U.S. flight in effort to reopen borders
By Tracy Rucinski CHICAGO: United Airlines UAL.O is set on Wednesday to test a digital health pass under a global pilot program seeking to establish a common international standard for COVID-19 test results and eventually vaccine records that could help reopen borders. The nonprofit initiative, called CommonPass, is backed by the World Economic Forum and […]
Lockheed Martin raises full-year outlook after profit beat
NEW DELHI: U.S. weapons maker Lockheed Martin Corporation reported third quarter 2020 net sales of $16.5 billion, compared to $15.2 billion in the third quarter of 2019. Net earnings from continuing operations in the third quarter of 2020 were $1.8 billion, or $6.25 per share, compared to $1.6 billion, or $5.66 per share, in the […]
Donald Trump ‘running angry,’ attacks polls, press and Dr. Anthony Fauci
By Zeke Miller & Jill Colvin TUCSON (UNITED STATES): An angry President Donald Trump came out swinging Monday against Dr. Anthony Fauci, the press and polls that show him trailing Democrat Joe Biden in key battleground states in a disjointed closing message two weeks out from Election Day. On the third day of a western […]