US Treasury’s Yellen holds call with Saudi finance minister

Washington: US Treasury Secretary Janet Yellen and Saudi Finance Minister Mohammed Al-Jadaan discussed the coronavirus pandemic and other issues during a call on Wednesday, the US Treasury Department said. Yellen “emphasized the need to address the daunting challenges of ending the COVID-19 pandemic, supporting the global economic recovery, fighting income inequality, and forcefully addressing the […]

News Corp signs news partnership deal with Google

News Corp struck a global news deal with Alphabet Inc’s Google, the Rupert Murdoch-controlled media company said on Wednesday, in one of the most extensive deals of its kind with big tech. The companies will develop a subscription platform, share advertising revenue through Google’s ad technology services, build out audio journalism and develop video journalism […]

Maersk to launch first carbon neutral ship within two years

Copenhagen: Danish shipping giant AP Moller-Maersk announced Wednesday it would launch the “world’s first carbon neutral” vessel by 2023, seven years ahead of its initial target. Originally scheduled for 2030, the company said in a statement that the launch had been “fast-tracked by advances in technology and increasing customer demand for sustainable supply chains.” The […]

Hyundai’s electric bus catches fire in South Korea

An electric bus manufactured by Hyundai Motor Co caught fire on Monday while in use in South Korea, a fire official said on Tuesday, months after similar fires in electric cars led to a recall to inspect batteries. No one was injured in the incident, which occurred as the empty bus was returning to the […]