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Strait of Hormuz reopening may take weeks to ease shipping backlog and oil pressure
The Strait of Hormuz is set to reopen after Iran and the U.S. sign a peace deal, but experts warn backlogs and security checks could delay normal shipping.
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Waldorf Astoria to open in London’s iconic Admiralty Arch this autumn
Located on The Mall, the restored Grade I-listed landmark has been transformed into a luxury hotel with 114 rooms and suites, a spa, and two signature restaurants.
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Video. Watch: Moment Trump signs US-Iran agreement at Versailles
Video. US President Donald Trump signed a memorandum of understanding with Iran at the Palace of Versailles on 18 June, marking a significant diplomatic step aimed at easing the Middle East conflict that has unsettled the region since February.
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Explore Lisbon like a local: Seven tips for the seven hills
Venture off the beaten track and out of your comfort zone, dodge the crowds and, above all, steer clear of tourist traps. Here are seven ideas, one for each of Lisbon’s hills, devised by locals.
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Crimea will turn into an island, Ukraine’s defence minister says
Ukraine is methodically cutting off ground lines of communication for Russian forces into occupied Crimea, isolating the peninsula from Moscow’s forces and any supplies from Russia. #EuropeNews
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Indonesia’s energy minister says government working to secure coal supply for state utility
JAKARTA, June 18 : Indonesia’s Energy and Mineral Resources Minister said on Thursday that the government is working to ensure that coal supplies to state power utility Perusahaan Listrik Negara (PLN) remain stable after reports of blackouts.Here are some details:• Energy minister Bahlil Lahadalia to
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Philippine central bank raises policy rate by 25 basis points, as expected
MANILA, June 18 : The Philippine central bank raised its key interest rate by 25 basis points to 4.75 per cent on Thursday, it said in a statement.Twenty of 25 economists in a Reuters poll expected the Bangko Sentral ng Pilipinas to hike its overnight borrowing rate by 25 basis points. Five others projected a
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EQT buys Berlin-based SpaceX satellite launch partner Exolaunch
LONDON, June 18 : Private equity fund EQT is acquiring Berlin-based space company Exolaunch, which helps satellite companies launch into orbit by partnering with rocket operators such as Elon Musk’s SpaceX.The deal, announced by the companies Thursday, highlights strong investor interest in the space industry
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45-bed Pasir Panjang nursing home has licence revoked over lapses
Windsor Convalescent Home was found to have serious and systemic lapses in resident safety, clinical care and infection control practices.
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BESI raises long-term revenue, margin targets as demand increases
June 18 : Dutch semiconductor equipment maker BE Semiconductor Industries (BESI) on Thursday raised its long-term revenue and operating margin targets, citing improved order momentum and stronger demand for data centre and photonics applications.BESI stock has risen over 100 per cent since the beginning of th
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