The plan includes a $1.5 billion sovereign guarantee fund to provide insurers with reinsurance support and liquidity should insurance costs remain high, said one government source
Saudi Arabia has faced repeated attacks involving hundreds of missiles and drones since the start of the US-Israeli war on Iran, most of which have been intercepted
Adding to supply concerns, Russia on Monday said Ukrainian drones attacked the Caspian Pipeline Consortium's terminal on the Black Sea, which handles 1.5 per cent of global oil supply
Doug Kehring will step down as Oracle's principal financial officer following the appointment and will return to focusing on the company's go-to-market operations
However, Nayara Energy will shut its 400,000 barrels per day Vadinar refinery for maintenance from April 9, tightening supply of liquefied petroleum gas in the country, she said
India, where farming is a mainstay, imports fertilisers such as urea, diammonium phosphate (DAP) and muriate of potash, as well as liquefied natural gas, a key feedstock for urea production
UAE official Anwar Gargash said the Strait of Hormuz cannot be weaponised, stressing that its security is not a regional bargaining chip but a global economic imperative
Passenger vehicle sales rose 21.48 per cent year-over-year in March, while two-wheeler sales rose 28.68 per cent and commercial vehicle sales rose 15.12 per cent
Trent has been on a store-opening spree over the last few quarters, with its store count climbing to 1,286 by March 31, compared with about 1,043 a year earlier
The merger would combine major studios and networks such as CNN and CBS, enabling them to compete more aggressively as streaming draws audiences away from traditional linear TV
 "Reuters")
