News

  NEW DELHI / Reuters Indian refiners have cleared part of the $6.4 billion owed to Iran for crude oil imports in euros through Turkey’s Halkbank, three sources privy to the payment said. This is the first payment to Iran by India since the lifting of Western sanctions against the Persian Gulf nation earlier this year and comes just ahead ...

  New Delhi / Bloomberg Apple Inc.’s Tim Cook outlined his vision for his company in India in a meeting with Prime Minister Narendra Modi on Saturday where they also discussed cybersecurity and data encryption. “Cook shared Apple Inc.’s future plans for India,” according to a statement from the Indian government. “He spoke of the possibilities of manufacturing and retailing ...

  ZHENGZHOU / AP Increasing infrastructure investment is the best way to boost economic growth in China and doing so doesn’t undermine efforts to overhaul the economy, according to former central bank adviser Yu Yongding. “If China does not increase infrastructure investment now, it may miss a historical opportunity,” Yu said at an economics conference in Beijing. “In order to ...

  Seoul / AFP Dozens of people in one of the world’s most wired nations took part on Sunday in South Korea’s “space-out” competition aimed at promoting a life free from stress and information overload. About 60 contestants spent 90 minutes sitting in a public park in Seoul without talking, sleeping, eating, or using any electronic devices during the event ...

  ZHENGZHOU / AP Some 500 people on Sunday protested what they say is a lack of university student placements in their central China province, in the latest protest over education reform. Parents holding banners that read “Fair education” rallied in Zhengzhou city against what they say is a serious shortage of college placements in Henan province. The protest in ...

  Tokyo / Bloomberg Toyota Motor Corp. said it will work with Dean Kamen, inventor of the Segway human transporter, to develop advanced wheelchairs for disabled people and aging populations worldwide. The agreement announced gives the world’s largest automaker a license to use balancing technology that Kamen has installed in prior generations of wheelchairs for medical rehabilitative therapy and other ...

  Chittagong / AFP Thousands of Bangladeshis were left homeless on Sunday after Cyclone Roanu battered the impoverished southern coastal region, ripping apart flimsy houses and killing at least 24 people. The storm on Saturday ploughed through low-lying villages in the Chittagong and Barisal regions, where residents described seeing metres-high walls of water. Many Bangladeshis were returning safely home on ...

  RITIKA SHARMA / Emirates Business When a recent international report rated Abu Dhabi as 73rd best business tourism destination, a rank up by 35 places from last year, the UAE hospitality industry was the first one to rejoice. Not only does this rank affirm UAE’s position as a top business tourism hub, it also reflects the strong revenues that ...

  Emirates Business Dhofar Global, a leading supplier of hygiene care products in the Middle East, has announced its participation at the Commercial Cleaning & Hygiene — the Middle East Cleaning Expo, which is taking place at the first ever Community Management Week from May 23 to 24, at the Dubai World Trade Centre. Alongside displaying its innovative range of ...

  Dubai / Emirates Business E-marine, the principal provider of submarine cable solutions in the Middle East, officially launched its newest cable-laying vessel in Dubai, to support its ambitious expansion plans and boost capacity to maintain vital cable infrastructure in the Middle East and East Africa region. CS Maram is E-marine’s fifth vessel to be added to its cable laying ...