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New tax rules take steam out of China’s teapot refiners
BEIJING: China’s independent oil refiners are suffering a drastic change of fortune as new tax rules, shrinking diesel demand and higher crude prices threaten their nearly three-year profit bonanza. Industry executives and analysts said nearly 40 private refiners, often called “teapots” - which account for a fifth of China’s almost 10 million barrels per day (bpd) in crude oil imports - are losing money and market share.
Trade war fears boost demand for core European debt
LONDON: Core eurozone government bond yields fell across the board on Tuesday as escalating trade tensions between the United States and China, the world’s top two economies, lifted demand for safe-haven debt. US President Donald Trump’s threat to impose a 10 per cent tariff on $200 billion of Chinese goods prompted a swift warning of retaliation from Beijing, and has driven investors to flee assets perceived as higher-risk
Engines for Boeing, Airbus jets disrupt airlines, shake travellers
SEATTLE: A slew of technical problems with the three most advanced models of jet aircraft engines is widely disrupting operations at airlines, bleeding cash from the engine makers and grounding significant numbers of Airbus and Boeing jets. The most difficult of the issues has this month left almost 50 Boeing 787 Dreamliners sold to some of the world’s top airlines sitting powerless on the ground, waiting for engines before they
Athens’ deal with Skopje may boost Greek debt relief hopes
ATHENS: With a brief formulation of words, Greek Prime Minister Alexis Tsipras may have boosted his chances of persuading foreign creditors to free his nation from years of financial humiliation on better terms than a few days ago. Tsipras agreed a deal with his Macedonian counterpart at the weekend under which Greece’s neighbour will be renamed “Republic of North Macedonia”, a formulation offering a chance to end a 27-year
A subpar job right out of college can hurt a career
CHICAGO: Since graduating from college last month, Gabriel Villagomez has been polishing his resume, updating his LinkedIn profile _ and worrying. Sure, the job market looks promising for new grads. And Villagomez, who plans to apply to medical school, just needs a job to hold him over for a year or so. But with student loan bills looming, Villagomez can sense how the need for a paycheck _ any paycheck _ could suck him into a
Benetton condemned for using rescued migrants in adverts
MARSEILLE: French charity SOS Mediterranee has lashed out at clothing ..
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Indonesia ferry disaster jumps to 180: Police
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Taliban kill 30 soldiers in first major attack since ceasefire
KABUL: Taliban militants killed 30 members of the Afghan security forc..
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AD Airports opens sleeping facility for transfer passengers
ABU DHABI: Abu Dhabi Airports today announced the opening of Aerotel’s..
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Canada Senate approves recreational use of marijuana
TORONTO: Canada’s upper house of parliament on Tuesday approved a revi..
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Anukreethy Vas is Femina Miss India World 2018
MUMBAI: The 55th Femina Miss India World 2018 winner is Anukreethy Vas..
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Pilot whale meat poses health hazard, Faroese warned
TÓRSHAVN: The Faroe Islands’ ritual pilot whale hunt is not only highl..
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'Quit separating the kids!' Trump faces Democratic rage on immigration
WASHINGTON:President Donald Trump on Tuesday came face to face with fu..
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J&K placed under Governor’s Rule after President’s approval
SRINAGAR: Jammu and Kashmir was placed under the Governor’s Rule on We..
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UAE a model for respect of human dignity: ICA official
ABU DHABI: The UAE has set a shining example for supporting and respec..
Added : 2 hours ago
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