Shell has abandoned its search for oil in the Arctic after failing to find enough crude. Due to the lack of oil and gas found off the coast of Alaska, operations will stop for the foreseeable future. Environmental campaigners had criticized the costly project in the Chukchi Sea. The project has had numerous issues including a major setback in 2012 after a drilling rig came lose and was grounded.
India to withdraw temporary domestic airfare caps from Monday
India will revoke the temporary fare caps it had imposed on domestic air tickets from Monday, the country's civil aviation ministry said on Saturday.
US allows 30-day sale of Iran oil at sea in bid to tame prices
The Trump administration has waived sanctions on the purchase of Iranian oil at sea for 30 days on Friday in its latest attempt to ease oil prices that have been driven up by the US-Israeli war on Iran.
Musk found liable to Twitter shareholders in fraud lawsuit
A federal jury found Elon Musk liable on claims he defrauded Twitter shareholders by trying to drive down the social media company's stock price so he could renegotiate or back out of a $44 billion takeover in 2022, Bloomberg News reported on Friday.
Amazon plans smartphone comeback more than a decade after Fire Phone flop
In 2014, Amazon introduced its first smartphone, hoping to take on Apple and Samsung. Instead, the Fire Phone - overseen directly by founder Jeff Bezos - was scrapped in barely over a year, one of Amazon’s highest-profile flops.
Sultan Al Jaber: Iranian aggression will not undermine UAE's resolve
Dr. Sultan Al Jaber, UAE Minister of Industry and Advanced Technology, and MD & Group CEO of ADNOC, has condemned Iran’s aggression, saying they will not weaken the UAE’s resolve and stressing that the country is not a party to the ongoing regional conflict.
