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Algeria groups boycott imports of 500 French companies

11 Oct 2021; MEMO: The General Assembly of Algerian Contractors, an economic employers' association, yesterday announced that it had decided to boycott the imports of 500 French companies following French President Emmanuel Macron's "harmful comments" about Algeria's history and image.

"We thank all the economic institutions that took the initiative to cut their commercial dealings with about 500 French export and import companies," the body said in a statement.

India: NTPC has halved power supply to Delhi due to coal crises

New Delhi, Oct 11 (PTI) The Delhi government has to depend on costly gas- based power as well as spot purchase at high market rate as the NTPC has halved power supply to the city from the usual 4000 MW, Delhi Power Minister Satyendar Jain said on Monday.

Most of the National Thermal Power Corporation(NTPC) plants are running at 55 percent capacity as their coal stocks are enough for one-two days, he claimed.

Delhi purchases most of its power from NTPC but supply has been halved, Jain told reporters.

China: CPEC power project in Sindh province making steady progress

BEIJING, Oct 10 (APP): The 330 MW Thar Energy Limited (TEL) Power Project in Thar Block-II being completed under China-Pakistan Economic Corridor (CPEC) in Sindh province was making steady progress, said a senior Chinese official.

The TEL power plant was a 330MW mine-mouth lignite-fired power project being built by Thar Energy, which was owned by Hub Power Company (Hubco), China Machinery Engineering Corporation (CMEC), and Fauji Fertilizer Company (FFC).

Supporting Lebanon a moral duty: Iranian FM

Tehran, IRNA – Foreign Minister of the Islamic Republic of Iran Hossein Amirabdollahian said after his trip to Lebanon that supporting this brother country was a moral duty.

In a tweet in Arabic on Sunday, Amirabdollahian thanked the Lebanese people and government for their ‘warm reception and generous hospitality.

Supporting this resistant brother country is a moral duty that Iran will spare no effort to fulfill, he also said in the tweet.

You lived honorably and freely and I thank you, he told Lebanese people and government.

Russia, EU work on mutual vaccines recognition goes positively

10 Oct 2021; MEMO: Russia and the EU had misunderstandings on mutual recognition of vaccines, but now work is going on positively, Kremlin spokesman said on Friday.

Moscow considers the negotiations on vaccines recognition "extremely important" as the freedom of movement depends on it, Dmitry Peskov said at a press briefing in Moscow.

'Nobody who trusts, invests in Turkey regrets it': Erdogan

9 Oct 2021; AA: Turkey's president on Saturday urged foreign investors to come to the country, assuring that "nobody who trusts and invests in Turkey would regret it."

"On the contrary, they'll always be pleased with the great profits that it provides," said Recep Tayyip Erdogan, speaking at the groundbreaking ceremony of a polypropylene factory in the southern province of Adana.

India: Odisha industries facing coal crisis, seek CM's intervention

Bhubaneswar, Oct 9 (PTI) The Utkal Chamber Of Commerce & Industry Ltd (UCCI), an association of industries, has urged the Odisha government to ensure adequate supply of coal to state-based industries which are facing an acute shortage of dry fuel to run their units.

In a letter to Chief Minister Naveen Patnaik, the UCCI Friday said: "We would like to bring to your kind attention the current acute coal shortage situation in the state with many units having stock out or critical coal stock seriously affecting the viable operation of the industrial units."

China-US reps hold meeting on bilateral trade issues

Beijing, Oct 9 (AP-PTI) China and the US held a virtual meeting regarding the two countries' fraught trade relationship Saturday after a lengthy break in negotiations.

China's top trade negotiator Liu He called US Trade Representative Katherine Tai to discuss the Phase 1 trade deal, negotiated under the Trump administration, along with the sides' other major economic concerns, according to a statement from China's Commerce Ministry.

Both sides conducted pragmatic, candid and constructive exchanges according to the statement.

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