Iran retrieves oil cargo confiscated by U.S. near Greek island

An Iranian-flagged tanker has retrieved an oil cargo which the United States had confiscated and is set to leave Greece, sources familiar with the matter said on Monday. The seizure from the Lana, formerly the Pegas, prompted Iranian forces in May to seize two Greek tankers in the Middle East Gulf which have not yet… Read More Iran retrieves oil cargo confiscated by U.S. near Greek island

Britain approves vaccine to tackle Omicron coronavirus variant

Britain, the first country to approve a coronavirus vaccine in late 2020, has now also given the first green light to a variant-adapted shot that targets both the original and Omicron version of the virus. The UK medicines regulator (MHRA) gave the so-called bivalent vaccine made by U.S. drug company Moderna conditional approval as a… Read More Britain approves vaccine to tackle Omicron coronavirus variant

Former Malaysian PM Najib Razak asks court to admit new evidence in final 1MDB case appeal

Lawyers for former Malaysian prime minister Najib Razak sought on Monday to introduce fresh evidence for a re-trial, a final bid to overturn a 12-year jail term over a corruption case linked to the multibillion-dollar 1MDB scandal. Najib, 69, has pleaded not guilty to dozens of charges over the alleged theft of $4.5 billion from… Read More Former Malaysian PM Najib Razak asks court to admit new evidence in final 1MDB case appeal

Indian billionaire Rakesh Jhunjhunwala dies at 62

India’s best-known stock investor Rakesh Jhunjhunwala, dubbed the country’s Warren Buffett, died on Sunday, prompting an outpouring of tributes for a self-made billionaire whose fortunes rose with the country’s economy. Jhunjhunwala died at the age of 62, a week after the launch of his budget airline, Akasa Air. He had looked and sounded frail promoting… Read More Indian billionaire Rakesh Jhunjhunwala dies at 62

South Korea’s President Yoon Suk-yeol grants presidential pardon to Samsung heir Jay Y. Lee

South Korea’s President Yoon Suk-yeol pardoned Samsung Electronics Vice Chairman Jay Y. Lee on Friday, with the justice ministry saying the business leader was needed to help overcome a “national economic crisis”. The pardon is largely symbolic, with Lee already out on parole after serving 18 months in jail for bribery in a scandal that… Read More South Korea’s President Yoon Suk-yeol grants presidential pardon to Samsung heir Jay Y. Lee

U.S. President Joe Biden signs bill to boost domestic semiconductor production, research

President Joe Biden on Tuesday signed a landmark bill to provide $52.7 billion in subsidies for U.S. semiconductor production and research and to boost efforts to make the United States more competitive with China’s science and technology efforts. “The future is going to be made in America,” Biden said, calling the measure “a once-in-a-generation investment… Read More U.S. President Joe Biden signs bill to boost domestic semiconductor production, research

U.S. Senate passes $430billion bill on climate change, healthcare and tax

Democrats scored a major policy victory when the U.S. Senate passed a $430 billion climate change, healthcare and tax bill that will help reduce the carbon emissions that drive climate change while also cutting drug costs for the elderly. President Joe Biden’s congressional allies hope the bill, which they pushed through the Senate over united… Read More U.S. Senate passes $430billion bill on climate change, healthcare and tax