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Container Ship Ablaze Off Colombo Threatens Chemical, Oil Spill

Container Ship Ablaze Off Colombo Threatens Chemical, Oil Spill May 25 2021, 5:59 PM May 25 2021, 5:12 PM May 25 2021, 5:59 PM (Bloomberg) Sri Lankan authorities are trying to douse a massive fire aboard a container ship near Colombo’s coast to avoid a chemical as well as an oil spill. (Bloomberg) Sri Lankan authorities are trying to douse a massive fire aboard a container ship near Colombo’s coast to avoid a chemical as well as an oil spill. Fire fighters are trying to bring the flames on the ship called X-Press Pearl under control, after it intensified following large explosions earlier on Tuesday, according to Sri Lanka Ports Authority. The fire was first reported by the crew last week. They are safe and have been evacuated.

Rights and duties as per Saudi commercial mortgage law

Last week, our article was about the basics of Saudi commercial mortgage regulations. Before we move further, it would be better to define what is a commercial mortgage once again for the uninitiated. A commercial mortgage is a loan secured on a commercial property and used to acquire, refinance or develop commercial property. In this article, we shall highlight the latest

Business Live: - The Hindu

Updates from the world of economy, markets, and finance

Samaco Automotive taps Amazon Web Services for customer satisfaction

Samaco Automotive Company, the premium car dealer for Audi, Bentley, Bugatti, Lamborghini, Porsche and Volkswagen cars, has become the first automotive dealer in the Kingdom to launch a customer service feature on the Amazon Web Services (AWS) and ThingLogix Solutions platforms. The innovative service seeks to help and support the company’s customers and deliver best-in-class customer service. “Artificial Intelligence (AI) technologies are becoming imperative for businesses to maintain a competitive edge. It is claimed that by 2035, AI will have the power to increase productivity by 40 percent or more,” said Abdulla Attas, general manager for IT, business and digital transformation at Samaco Automotive.

Stocks hit a two-week high, as Belarus bonds slide

BENGALURU: Stocks of emerging markets hit a two-week high on Tuesday, as global inflation fears receded, while Belarusian bonds extended decline in the face of fresh sanctions from the EU after the forced landing of a flight to arrest a dissident. Currencies of developing economies strengthened as dovish comments from the US Federal Reserve kept the dollar pressured. In

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