Business Recorder

US strikes fuel concern over Iran deal talks

TEHRAN: US forces launched overnight strikes on missile sites in southern Iran and boats they said were trying to lay mines in Gulf waters, sending oil prices higher Tuesday and fuelling tension as diplomats sought a deal to end the war. The inter…

#USStrikes #IranDeal

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India’s share benchmarks slip as Mideast peace deal hopes ebb

India’s equity benchmarks fell on Tuesday as fresh U.S. strikes on Iran dampened hopes of an imminent peace deal to end the three-month-long Iran war that has upended the inflation and growth outlook for Asia’s third-largest economy. The Nifty 50 …

#India #MiddleEast

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Iran judiciary suspends presidential body after it ordered internet restored

TEHRAN: Iran’s judiciary on Tuesday suspended a presidential body that had ordered the restoration of internet access after months of near-total blackout since the war with the United States and Israel. The judiciary’s Mizan Online website said th…

#Iranians

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Indian rupee slips with Asian peers as hopes of imminent US-Iran peace deal falter

MUMBAI: The Indian rupee slipped on Tuesday as crude oil prices rebounded on waning optimism about the chances of an imminent U.S.-Iran peace deal. The rupee dipped nearly 0.5% to end at 95.68 per dollar, snapping a three-session winning streak.Th…

#Iranians

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Fauji Fertilizer inks $1.12bn project under CPEC 2.0

Pakistan’s leading fertilizer manufacturer Fauji Fertilizer Company Limited (FFC) has signed the Front-End Engineering Design (FEED) agreement with a Chinese company, for what it termed as Pakistan’s first coal-to-fertilizer project under the Chin…

#FaujiFertilizer #CPEC

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Iran media says negotiators seek $24bn asset release in US deal

TEHRAN: Iranian media said on Tuesday that Tehran’s negotiators were seeking the release of around $24 billion in frozen assets abroad as part of a process aimed at ending the war with the United States. The report by Tasnim news agency came as a …

#Iran #US #AssetRelease

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India cancels soymeal export deals, turns to African soybean imports, sources say

MUMBAI: Indian traders have cancelled 25,000 metric tons of soymeal export contracts for the ​first time since 2021 and booked 80,000 tons of imports from African countries after soaring domestic ‌prices reversed trade flows, trade sources said. T…

#India #Soybean #Trade

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April shipments of foreign-branded phones in China up 1.8% Y/Y, CAICT data shows

BEIJING: Shipments of foreign-branded mobile phones ​in China for ‌April, including Apple’s iPhones , were up 1.8% from ​the same month ​last year, Reuters calculations ⁠based on data ​released by a government-affiliated ​research firm on Tuesday …

#China #SmartphoneMarket #Economy

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Lahore Fort Picture Wall restoration: a milestone for heritage conservation

The United Nations Educational, Scientific and Cultural Organization (UNESCO) has described the completion of restoration works on the Picture Wall at Lahore Fort as one of Pakistan’s most ambitious heritage conservation efforts. The Picture Wall …

#Lahore #LahoreFort #HeritageConservation

Business Recorder

Seven die in France from causes related to heatwave

PARIS: Seven people have died in France in ​circumstances related directly or ‌indirectly to the current heatwave, French Junior Energy Minister Maud ​Bregeon said on Tuesday. Make sense of the latest ESG trends affecting companies and governments…

#France #Heatwave #ClimateChange