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

Germany to halve imports of Russian oil by summer | Russia-Ukraine war News

[ad_1] Economy minister lays out measures to boost energy independence for Europe’s economic powerhouse. Germany has unveiled plans to halve its imports of Russian oil by the summer (beginning in June), as Western nations seek to cut off economic ties with Moscow as punishment for invading Ukraine. Before the war began on February 24, a … Read more

Sri Lankan papers run out of newsprint as economic crisis worsens | Freedom of the Press News

[ad_1] Privately owned Upali Newspapers says their English-language daily, The Island, and its sister Sinhalese version, Divaina, will only be available online. Two major Sri Lankan newspapers are suspending their print editions because of a lack of paper, their owner said, the latest casualties in the island nation’s economic crisis. The South Asian nation of … 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

EU clinches US LNG deal in bid to curb reliance on Russian gas | Russia-Ukraine war

[ad_1] The European Union and United States are set to unveil a deal on Friday to supply Europe with more US liquefied natural gas (LNG), sources told the Reuters news agency, as the European bloc seeks to quickly curb its reliance on Russian fossil fuels. The invasion of Ukraine by Russia, Europe’s top gas supplier, … Read more

Canada to increase oil, gas exports amid push to displace Russia | Oil and Gas News

[ad_1] Canada says move comes after European allies said they ‘need help’ as they ease dependence on Russian energy supplies. Canada plans to increase oil and gas exports this year by up to 300,000 barrels per day, the country’s natural resources minister has said, as nations seek to wean themselves off Russian energy supplies amid … 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

Putin’s war to wipe out 15 years of progress for Russian economy | Russia-Ukraine war News

[ad_1] Russia’s invasion of Ukraine last month spurred a collapse of the rouble and threw global supply chains and commodities prices into chaos. By Bloomberg NewsBloomberg Published On 24 Mar 202224 Mar 2022 Russia is set to erase 15 years of economic gains by the end of 2023 after its invasion of Ukraine spurred a multitude … 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