Business : Page 3

Italy, Greece to invest 1.9bn euro in new subsea interconnector

May 16, 2025 IPTO, the Greek Transmission System Operator (TSO), and Terna, the Italian national grid operator, signed a Memorandum of Understanding (MoU) in Rome as part of the Italy-Greece Intergovernmental Summit.

Iran to export BCG vaccine to Venezuela

May 16, 2025 The head of Pasteur Institute of Iran (PII) announced the export of more than 700,000 doses of the BCG vaccine to the Bolivarian Republic of Venezuela.

Baker Hughes: U.S. oil rig count down by 5 to 474

May 9, 2025 The number of oil rigs in the United States stood at 474 in the week ending May 9, decreasing by five from the previous week, according to the Baker Hughes weekly rig count.

U.S. rig count drops for first time in three weeks

May 2, 2025 The number of drilling rigs in the U.S. fell for the first time in three weeks, declining by 3 to 584, according to the latest survey from Baker Hughes.

Azerbaijan seeks investor to build bitumen materials plant

May 2, 2025 The government of Azerbaijan is looking for an investor to build a plant to produce bitumen materials for road construction, waterproofing and industrial applications.

Baker Hughes: U.S. oil rig count up by 2 to 483

April 25, 2025 The number of oil rigs in the United States stood at 483 in the week ending April 25, increasing by two from the previous week, according to the Baker Hughes weekly rig count.

Domestic tourism spending in Britain falls by £3bn, analysis reveals

April 25, 2025 Spending on domestic holidays in Britain fell by more than one fifth between 2022 and 2024, leaving some of the most deprived parts of the country facing a huge shortfall in income, latest analysis by the New Economics Foundation (NEF) has found.

IMF approves $20 billion extended arrangement for Argentina

April 25, 2025 Argentina received 12 billion U.S. dollars from the International Monetary Fund (IMF), the first disbursement under a new loan agreement aimed at stabilizing the economy and rebuilding foreign reserves.

Bangladesh, Japan sign construction deal for Matarbari deep seaport

April 25, 2025 Bangladesh authorities signed an agreement with two Japanese firms over the Matarbari Port marking the launch of the construction of the country’s only deep seaport in Bay of Bengal, officials said.\r\n

Submarine cable line with largest capacity in Vietnam begins operation

April 25, 2025 Vietnam has commissioned its segment of the Asia Direct Cable, its largest submarine internet connection so far, with a landing station in the central province of Binh Dinh.

Rig count stabilizes amid oil price recovery

April 18, 2025 The total number of active drilling rigs for oil and gas in the United States rose this week following the recent price slide, according to new data that Baker Hughes following a large 7-rig dip in the prior week.

Lower or same benefits enable faster job change in Germany

April 18, 2025 The amount and duration of benefits for short-time work and unemployment in Germany should be reduced or at least not increased any further.