COVID-19 disruptions hit DP World’s first-half 2020 container volumes

Dubai: Disruptions caused by the COVID-19 pandemic resulted in DP World handling 5.3 per cent lower container volumes in the first six months to total 33.9 million TEU. This number is from its network of ports in the world. At the flagship Jebel Ali terminal, the operator handled 6.7 million TEU (20-foot equivalent) during this […]

India bans 47 more Chinese apps

New Delhi: The Indian government has banned 47 more Chinese-made apps over what it said was privacy, integrity and sovereignty issues. Local media reported that the Indian government’s decision to ban the 47 more apps is due to suspicions they are  clones of the 59 applications which were earlier banned. It was not immediately clear […]

Argentina says it will not raise ‘last’ debt offer, willing to tweak legal terms

BUENOS AIRES: Argentina’s government reaffirmed on Saturday that it would not budge from its latest proposal to restructure around the $65 billion in debt, but signaled it would be willing to negotiate on the fine print around the deal. The South American country is facing a standoff with bondholders after creditor groups joined forces to […]

Former US Treasury Secretary Larry Summers warns economy is in grave danger

Washington: Former US Treasury Secretary Larry Summers said he’s never seen a more uncertain recovery, especially if Congress doesn’t act “strongly and quickly” to continue economic stimulus to offset the coronavirus pandemic. More important than the size of the next relief package is how long the emergency measures last, given the vast number of Americans now unemployed, […]