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Business: Page 2

U.S. oil imports, exports down last week, says EIA
Oil rig countJuly 18, 2019 ET
U.S. crude oil imports and exports both decreased during the week ending July 12, the U.S. Energy Information Administration (EIA) said Wednesday.
IMF chief economist urges countries to avoid distorted trade policies
Gita GopinathJuly 18, 2019 ET
Trade tensions have so far not significantly affected global current account imbalances, but are weighing on global investment and growth, a chief economist of the International Monetary Fund (IMF) said Wednesday, urging all countries to avoid policies that distort trade.
Portugal to invest 1.5 million euros to monitor space junk
Optical Observatory of Pico do AreeiroJuly 18, 2019 ET
Portugal plans to invest 1.5 million euros (1.7 million U.S. dollars) in the setup of the Optical Observatory of Pico do Areeiro on the island of Madeira as part of a European project to monitor space junk, Defense Minister Joao Gomes Cravinho said.
Russian road repair programme for Vologda Region to cost $585.5 million
Vologda RegionJuly 17, 2019 ET
A major programme of road repairs and maintenance is planned for Russia’s Vologda Region.
Android rules in European markets, iPhone in U.S. and increasing in China
iPhone XRJuly 17, 2019 ET
The latest smartphone OS data from Kantar, for the three months ending June 2019, reveals that Android OS accounts for 80.1% of all smartphone sales across the five major European markets (EU5), and continued to see positive year-on-year growth (+0.6%pts), driven by a strong performance in France.
Turkey to send another ship to search for oil around Cyprus
Turkey currently has three ships around CyprusJuly 17, 2019 ET
Turkey will send a fourth ship to the eastern Mediterranean to conduct seismic research for oil and gas around Cyprus, Turkish Energy Minister Fatih Donmez said.
New cargo air route links Xinjiang and Uzbekistan
UrumqiJuly 17, 2019 ET
A new cargo air route was launched Monday linking Urumqi, capital of northwest China\'s Xinjiang Uygur Autonomous Region, and Tashkent in Uzbekistan.
Global device shipments will decline 3% in 2019
Mobile phonesJuly 17, 2019 ET
Worldwide shipments of PCs, tablets and mobile phones will total 2.2 billion units in 2019, a decline of 3.3% year over year, according to Gartner.
Cuba to ration electricity due to failures in power plants
Cuba electricityJuly 17, 2019 ET
Cuba announced late Tuesday it will ration electricity nationwide till at least next Saturday due to unexpected failures in several power generation plants.
France expects first 5G deployment by 2020
5G in FranceJuly 17, 2019 ET
French telecom regulator Arcep expects the commercial roll-out of the next-generation 5G mobile phone network in the country to commence in 2020, to be followed by large-scale commercialization a decade later.
EIB backs EUR4.8 billion investment in rural areas, energy transition, transport
European Investment BankJuly 17, 2019 ET
The European Investment Bank (EIB) approved EUR 4.8 billion of new financing.
Pakistan, India reopen their airspace after five months of crisis
Pakistan airlineJuly 17, 2019 ET
Pakistan and India have reopened this Tuesday airspace to civil aviation after the closure five months ago by a new crisis earlier this year between the two countries in the disputed Kashmir region.
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