Business

Brussels, Jul 19 (AP/PTI) European Union leaders on Saturday extended their summit by an extra day, convinced they were finally closing in on a deal for an unprecedented 1.85 trillion euro (USD 2.1 trillion) EU budget and coronavirus recovery fund, an EU official said.

Heading into a balmy summer night, a deal was still far off, but several key nations said negotiations were at least heading in the right direction despite tensions that were running high after months of battling the pandemic.

MOSCOW, July 15. /TASS/: The Koronavir drug for the treatment of the novel coronavirus, has been released in Russia, the R-Pharm statement made public on Wednesday said.

The company noted that the drug was produced and labeled at its factory in the city of Yaroslavl.

"To date 7,373 drug packages have been put in civil circulation," the statement said.

Brussels, Jul 18 (AP/PTI) The European Union is warning the Trump administration to hold off threatening trade sanctions against EU companies involved in the completion of new German-Russian and Turkish-Russian natural gas pipelines and instead discuss differences as allies.

This week, the Trump administration warned companies involved in the projects they will be subject to US penalties unless they halt their work.

17 July 2020; MEMO: The US Court of International Trade has ruled that the additional tariffs imposed by US President Donald Trump on Turkish steel exports are unconstitutional. Following the court’s decision, Turkish steel exporters are preparing to claim compensation for the damages that Trump’s ruling has caused them.

17 July 2020; MEMO: Saudi Arabia’s exports of crude oil and petroleum products fell 41.2 per cent in May month on month, the Joint Organisations Data Initiative (JODI) revealed yesterday.

According to JODI, Saudi Arabia exported 6.020 million barrels per day (bpd) in May 2020, compared to 10.237 million bpd in April.

17 July 2020; MEMO: The Fatwa Committee of the Al-Azhar Islamic Research Centre in Egypt yesterday said that countries whose share of Nile waters will be negatively affected by the Grand Ethiopia Renaissance Dam can do whatever it takes to preserve their rights “as long as they deem these actions appropriate”.

Mumbai, Jul 17 (PTI) The states, reeling from massive revenue losses due to coronavirus lockdowns, have front-loaded their borrowings by a whopping 76 per cent so far this fiscal to Rs 1.93 lakh crore, says a report.

Front-loading of market loans has been on the back of the Centre relaxing the ways and means advances norms to manage cash-flow mismatches due to the pandemic, says a report by Care Ratings.

Washington, Jul 17 (PTI) US President Donald Trump has said that he wants to do everything possible to keep peace for the people of India and China, according to his spokesperson.

Over the past several weeks, the Trump administration has come out in support of India against China.

Washington, Jul 17 (PTI) The time has come for the world to push back against the challenge posed by the Chinese Communist Party, Secretary of State Mike Pompeo has said as he contended that the US "slept on this threat for too long."

Pompeo also said the Chinese government was aware of human-to-human transmission of the coronavirus before they shared this information with the world.

New Delhi, Jul 16 (PTI) India on Thursday said it has strongly protested with Pakistan against the construction of the Diamer-Bhasha dam in Pakistan-occupied Kashmir and condemned Islamabad's continuous attempts to bring about material changes in Indian territories under its illegal occupation.

India's strong protest came after Pakistan Prime Minister Imran Khan on Wednesday kicked off construction work at the Diamer-Bhasha dam in Chilas in Gilgit-Baltistan, notwithstanding New Delhi's objection to the China-backed mega project.