Oil tumbles as Europe defers banning Russian crude imports | Oil and Gas News

[ad_1] Markets sold off after the EU and US announced an agreement to cut reliance on Russian natural gas. By Julia Fanzeres and Paul BurkhardtBloomberg Published On 25 Mar 202225 Mar 2022 Oil fell as the European Union shied away from banning Russian crude imports, while Kazakhstan said disruption at a key export terminal is set to ease. … Read more

Tourism in Sri Lanka: One step forward, two steps back | Business and Economy News

[ad_1] Colombo, Sri Lanka – Tourism in Sri Lanka just can’t seem to catch a break. Three years ago, the number of tourists was down 18 percent following the Easter Sunday bombings in April 2019. The coronavirus pandemic that followed in 2020 was particularly bad. Arrivals fell drastically and there were no signs of recovery … Read more

Apple is working on a hardware subscription service for iPhones | Technology News

[ad_1] Apple Inc. is working on a subscription service for the iPhone and other hardware products, a move that could make device ownership similar to paying a monthly app fee, according to people with knowledge of the matter. The service would be Apple’s biggest push yet into automatically recurring sales, allowing users to subscribe to … Read more

Edward Johnson III, fund pioneer who led Fidelity, dies at 91 | Banks News

[ad_1] The firm now holds more than $11 trillion in assets, according to its most recent annual report. Edward “Ned” Johnson III, a businessman who grew Fidelity Investments into the financial giant it is today, has died. He was 91. Johnson’s family confirmed Thursday that he died on Wednesday but did not give a cause … Read more

Hotel WiFi across MENA compromised and exposing private data | Cybersecurity News

[ad_1] Pakistani cybersecurity researcher Etizaz Mohsin was in a hotel room in Qatar when he unexpectedly discovered a technical vulnerability in its internet system that exposed the private information of hundreds of hotels and millions of guests worldwide. Mohsin told Al Jazeera he was “stunned” by what he uncovered late last year. “I found out … Read more

Shareholders at troubled Toshiba vote down spin-off plan | Business and Economy

[ad_1] Separate activist shareholder-backed motion to solicit buyout offers also fails to gain sufficient support. Toshiba Corp shareholders on Thursday voted against its plan to spin off its devices unit, but a separate motion backed by activist shareholders that called for the conglomerate to solicit buyout offers also failed to gain sufficient support. The result … Read more

MacKenzie Scott announces $4BN in donations | Business and Economy News

[ad_1] The announcement brings Scott’s publicly disclosed donations to more than $12bn since 2019. Billionaire philanthropist MacKenzie Scott revealed that she has donated nearly $4bn to 465 nonprofits according to a blog post on Wednesday, confirming the gifts that the groups have been announcing on their own for months. The announcement brings Scott’s publicly disclosed … Read more

UN’s labour agency suspends cooperation with Russia | Russia-Ukraine war News

[ad_1] ILO suspends cooperation with Russia, except when related to humanitarian assistance, until it halts its war on Ukraine. The UN’s International Labour Organization has said it was halting all technical cooperation with Russia until it stops its war in Ukraine, further isolating Moscow on the world stage. The ILO decided on Wednesday to “temporarily … Read more

Oil climbs as EU considers beefing up sanctions on Russian crude | Oil and Gas News

[ad_1] Prices were also higher with the Caspian Pipeline Consortium’s export terminal on the Black Sea halting loadings. By Rakteem KatakeyBloomberg Published On 23 Mar 202223 Mar 2022 Oil pushed higher ahead of high-level meetings that may result in fresh sanctions on Russia, and as storm damage to a vital Black Sea export terminal compounded supply … Read more

China sets green hydrogen target for 2025, eying widespread use | Climate Crisis

[ad_1] Target comes as world’s largest emitter of greenhouse gases strives to balance energy security and climate goals. China’s top economic planner has announced a target to produce up to 200,000 tonnes per year of green hydrogen, a zero-carbon fuel generated from renewable energy sources. The country aims to produce 100,000 to 200,000 tonnes of … Read more