Business

20 July 2020; MEMO: Turkey has suspended flights to Iran and Afghanistan as part of measures against the coronavirus outbreak, the Transport Ministry said on Sunday.

New York, Jul 20 (AP/PTI) Organisers of a national workers strike say tens of thousands are set to walk off the job Monday in more than two dozen US cities to protest systemic racism and economic inequality that has only worsened during the coronavirus pandemic.

Dubbed the Strike for Black Lives, labor unions, along with social and racial justice organisations from New York City to Los Angeles, will participate in a range of planned actions.

19 July 2020; MEMO: Zawqan Abdelkhalek, a nurse at the American University of Beirut’s (AUB) medical centre since 2012, was laid off on Friday along with hundreds of colleagues as even hospitals buckle under the weight of Lebanon’s economic collapse.

19 July 2020; MEMO: Member states of the Gulf Cooperation Council (GCC), Washington and Baghdad, renewed their full support for the project to link GCC and Iraqi power grids, and invited participants of the International Conference for Reconstruction of Iraq to fulfil their pledg

DUBAI, United Arab Emirates (AP) — A United Nations agency acknowledged Sunday that a U.S.-sought oil tanker “hijacked” off the coast of the United Arab Emirates after allegedly smuggling Iranian crude oil is back in Iranian waters.

The International Labor Organization said that the MT Gulf Sky was hijacked July 5, citing its captain. That mirrors earlier reporting by The Associated Press.

“The vessel was taken to Iran,” the ILO said.

New Delhi, Jul 19 (PTI) Three of the 10 most valued companies added a total of Rs 98,622.89 crore to their market valuation last week, led by stellar gains in IT major Infosys.

Seven companies from the coveted list witnessed a decline in their market valuation last week, but their cumulative loss of Rs 37,701.1 crore was less than the total gain made by three firms -- Reliance Industries Limited, Hindustan Unilever Limited and Infosys.

New Delhi, Jul 19 (PTI) The financial condition of Hindustan Copper is in "dire straits" primarily due to the dismal performance of the PSU in 2019-20, a top company official said while asking the employees to brace up for tough times ahead.

The Chairman and Managing Director of the PSU, Arun Kumar Shukla, in an article published in the house journal of Hindustan Copper, exhorted company employees to focus on making up for the production shortfall in 2020-21 for the survival of the PSU.

Brussels, Jul 19 (AP/PTI) European Union leaders on Saturday extended their summit by an extra day, convinced they were finally closing in on a deal for an unprecedented 1.85 trillion euro (USD 2.1 trillion) EU budget and coronavirus recovery fund, an EU official said.

Heading into a balmy summer night, a deal was still far off, but several key nations said negotiations were at least heading in the right direction despite tensions that were running high after months of battling the pandemic.

MOSCOW, July 15. /TASS/: The Koronavir drug for the treatment of the novel coronavirus, has been released in Russia, the R-Pharm statement made public on Wednesday said.

The company noted that the drug was produced and labeled at its factory in the city of Yaroslavl.

"To date 7,373 drug packages have been put in civil circulation," the statement said.

Brussels, Jul 18 (AP/PTI) The European Union is warning the Trump administration to hold off threatening trade sanctions against EU companies involved in the completion of new German-Russian and Turkish-Russian natural gas pipelines and instead discuss differences as allies.

This week, the Trump administration warned companies involved in the projects they will be subject to US penalties unless they halt their work.