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    $1.26 Billion Law Suit clouds Air-India

    Air India has time till mid-July to challenge the lawsuit filed by Britain's Cairn Energy PLC demanding that a US federal court force the airline to pay a USD 1.26 billion arbitration award it had won against the Indian government in December last year, sources said. Air India is controlled by the Indian government so much that they are "alter egos", Cairn had said in...

    Saudi Aramco strikes $12.4 billion gas pipeline sale

    Saudi Aramco has announced the completion of a $12.4 billion sale in its natural gas pipeline to an international investor consortium. The consortium consists of a broad cross-section of investors from North America, Asia and the Middle East, in which it acquired a 49-percent stake in Aramco Oil Pipelines Co, the Saudi Press Agency (SPA) reported on Saturday As part of the transaction, first announced in...

    Will China’s Anti-Sanctions Law pin the US?

    China on earlier at the BRICS summit had said that BRICS countries pursue openness, inclusiveness and win-win cooperation, and reject "bloc politics and ideological confrontation". Meanwhile The new Chinese Anti-Sanctions law to blunt US sanctions will not lead the US to reverse course on sanctions, but it could force foreign firms to think twice about enforcing them or face lawsuits in China New legislation passed in...

    Top 10 Smartest cities in the world announced

    10 of the smartest cities across the globe to see how the intersection between cutting-edge technology and urban planning is helping populations around the world. The list was announced by Business Chef. The New York City is listed as the No.1 smartest cities in the world. Singapore ranked 2nd, followed by Amsterdam and Dubai. Smart cities use ICT technologies to fuel smarter and more sustainable...

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