Business
Europe could face energy rationing, Shell CEO warns
London, July 14 European consumers could face the prospect of energy rationing this winter as costs continue to soar amid the risk of Russia cutting off gas supplies, Shells chief executive has said, the media reported. "It will be a really tough winter in Europe," said Ben van Beurden, speaking ...Emirates blasts Heathrow ‘incompetence’ over ‘airmageddon’
London, July 14 Emirates airline has blasted one of the world's busiest airports for its "incompetence" in failing to handle a surge in passengers, media reports said. The Dubai-based airline on Thursday slammed demands made by London's Heathrow airport earlier this week that carriers stop selling any more tickets for ...Amazon agrees to address anti-trust concerns to avoid EU fines
London, July 14 Amazon has agreed to address competition concerns over its use of non-public marketplace seller data in Europe along with a possible bias in granting sellers access to its 'Buy Box' and 'Prime' programme, the European Commission said on Thursday. The Commission is now seeking feedback on commitments ...Bill Gates moving $20 billion to foundation, plans to drop off list of wealthiest people
Seattle, July 14 Bill Gates is moving $20 billion of his wealth into the endowment of the Bill and Melinda Gates Foundation, which is ramping up its spending in the face of global challenges, including the pandemic and the war in Ukraine, media reports said. The foundation, one of the ...Heathrow orders airlines to stop selling tickets as airports battle recruitment crisis
London, July 12 Heathrow Airport on Tuesday introduced an unprecedented 100,000 limit on daily departing passengers until September and ordered airlines to stop selling summer tickets as airports battle against a staffing crisis, the media reported. The dramatic move will impose a maximum limit on the number of passengers allowed ...Ford recalls over 1 lakh cars over under-hood fire risk
San Francisco, July 11 Automaker Ford is reportedly recalling more than 1 lakh vehicles, including Maverick, Escape and Corsair models, that faces fire risk and will start notifying owners of the recall on August 8. The recall affects vehicles in US all of which come with a 2.5-liter hybrid / ...CEO of 19 firms charged with selling fake Cisco devices worth $1 bn
Washington, July 9 A US court has charged a man that ran 19 companies and at least 15 Amazon storefronts, 10 eBay storefronts and multiple other entities that sold fraudulent and counterfeit Cisco networking devices worth $1 billion. A federal grand jury in the District of New Jersey charged Onur ...Tokyo stocks close slightly higher, gains capped by Abe shooting
Tokyo, July 8 Tokyo stocks closed fractionally higher on Friday after early gains made on eased concerns over the US Federal Reserve's aggressive rate hikes were largely erased by the news of the gun attack on ex-prime minister Shinzo Abe. The 225-issue Nikkei Stock Average edged up 26.66 points, or ...With licence to fly, Akasa Air to start operations this month
Chennai, July 7 India's new airline, Akasa Air, on Thursday got its Air Operator Certificate (AOC) from the Directorate General of Civil Aviation (DGCA). "The grant of the AOC is the final step of a comprehensive and rigorous process laid down by the DGCA and marks the satisfactory completion of ...Crypto friendly Singapore mulls tougher restrictions amid meltdown
Singapore/New Delhi, July 5 The Singapore government is planning to introduce additional tough measures to safeguard consumers from the crypto meltdown, including restrictions on retail trading. Tharman Shanmugaratnam, Senior Minister and Minister in Charge of the Monetary Authority of Singapore (MAS), said that the recent market conditions clearly demonstrate the ...