STEELMAKER ArcelorMittal said on Thursday (27) its net profit sank in the first half of the year, as prices for the metal fell from the peaks reached at the start of the Ukraine war. Higher interest rates, which were raised by central banks to combat inflation, also weighed on demand…
CHINA has granted Pakistan a two-year rollover on a $2.4 billion loan, Islamabad said Thursday (27), giving the debt-saddled nation breathing space in its balance-of-payments crisis. Soaring inflation, shrinking dollar reserves and crippling foreign debt led Pakistan to the brink of default before a pivotal $3 bn IMF bailout was…
AN interaction hosted by the India European Business Forum (IEBF) recently provided a platform to exchange ideas to strengthen the ties between the UK and India. Indian tourism minister G Kishan Reddy and international relations expert Baroness Verma were among the notable participants in the event, facilitated by IEBF chairman…
INDIA’S Tata Group confirmed it will build an electric vehicle battery plant in Britain to supply its Jaguar Land Rover factories, delivering a major boost for a UK car industry in need of domestic battery production to help secure its future. The announcement marks Britain’s biggest move in the car…
LICENCE holders at two off licences have been fined after being caught selling alcohol to under-age children, following an operation by Hillingdon council. The shop assistants who sold the alcohol at each store were also fined, after being witnessed making the sales by plain-clothed officers from the council’s trading standards…
INDIA’s decision to ban rice exports and the looming El Niño have resulted in panic buying in the west and price increase may push poorer countries towards hunger, reports said. Buyers from Africa to Asia are likely to scramble for rice shipments as supplies tighten in coming months following India’s…
A LAUGHTER-FILLED journey has seen Sapan Verma deliver a special on Amazon Prime, co-found the East India Comedy collective, appear as a judge on web series Comicstaan season one and perform over 2000 live shows, in India, USA, Canada, Australia, Singapore and Dubai. The stand-up talent will continue that comedy…
ZAK CRAWLEY has insisted hosts England will have no trouble motivating themselves for this week’s fifth Test against Australia, even though they can no longer regain the Ashes. What had looked like being a thrilling series-decider at the Oval has had some of the edge removed, after England’s quest to…
IT WAS fun catching Shomit Dutta’s play, Stumped, at Hampstead Theatre before the run ended. The two-hander involves an entertaining, though not always friendly, conversation between the great Nobel Prize winning playwrights, Harold Pinter and Samuel Beckett, played by Andrew Lancel and Stephen Tompkinson respectively, as they wait in a cricket…
THE body which regulates universities will investigate the handling of complaints by more than 80 Indian students that they were victims of racism and discrimination, Eastern Eye can reveal. Eastern Eye reported last week that the learners all failed one module, and that the students were unhappy with the way they were taught,…