UK aims to start trade talks with India this year
The United Kingdom said on Tuesday it aims to start negotiations for a trade agreement with India by the end of the year.
Purdue’s Sackler: family has ‘responsibility’ to help curb opioid crisis but wants liability shields
A member of the Sackler family that owns Purdue Pharma testified on Tuesday that his family bears a “moral responsibility” to help abate the U.S. opioid crisis but said it will not contribute financially to the effort unless it receives broad legal protections.
Wall Street slumps after weak retail sales, Home Depot results
Wall Street’s main indexes slid on Tuesday, with the S&P 500 logging its biggest one-day percentage fall in about a month, weighed down by a drop in U.S. retail sales that raised concerns about the economic recovery, as well as by disappointing results from Home Depot (HD.N).
Dollar gains for 2nd day on Afghanistan, Delta variant worries
NEW YORK, Aug 17 (Reuters) – The dollar advanced for a second straight session on Tuesday, bolstered by safe-haven demand, as investors fretted about Afghanistan, a slowing Chinese economy, and the rapid spread of the Delta coronavirus variant which forced some lockdowns.
EXCLUSIVE India starts selling oil from strategic reserves after policy shift
India has begun selling oil from its Strategic Petroleum Reserve (SPR) to state-run refiners as it implements a new policy to commercialise its federal storage by leasing out space, three sources familiar with the matter said.
Ecobank is launching a contest for African startups!
Ecobank Group, a pan-African banking group, is looking for African Fintech companies to compete in its fourth Fintech Challenge. The Fintech Challenge, which allows innovative African entrepreneurs to market their fintech solutions, demonstrates the Bank’s commitment to supporting digitization. Ecobank may work with the startups to help them scale their solutions throughout the bank’s 33 […]
U.S. oil refiner Citgo Petroleum posts first profit in seven quarters
Citgo Petroleum Corp on Monday reported a slim, second-quarter profit, its first in seven quarters, as higher fuel exports helped offset weak margins and the impact of a fuel pipeline shutdown.
General Motors to replace battery modules for some Bolt electric vehicles after fire risks
Aug 17 (Reuters) – Automaker General Motors Co (GM.N) said it will replace all battery modules in some Chevrolet Bolt electric vehicles (EVs) under a recall announced last month.
Oil prices weighed down by weak Asian demand
Oil prices fell on Tuesday, with both contracts heading for a fourth straight session of losses, weighed down by a weak demand picture in Asia and OPEC and its allies saying the market does not need more crude.
Tencent Music takes copyright rules in stride, earnings beat estimates
Tencent Music Entertainment Group (TME.N) said on Monday China’s copyright rules were unlikely to have a big impact on its online subscriptions, and its chief executive believes regulators want to promote healthy development of the music industry.
