The words from the central bank are the focus as European markets end on a slightly higher note; fintech Wise is up 16%.

Tuesday was mostly a bad day for European markets, but they ended on a cautiously optimistic note as investors listened to what central bankers said at the ECB Forum in Sintra.

After six straight down days, the pan-European Stoxx 600 finished with a tentative gain of 0.09%.

Th...

Mortgage applications will fall by 13.2% by the end of 2022 as interest rates rise once more.

Mortgage interest rates spiked again at the end of the year after a brief respite in the first half of December, weighing on mortgage demand. The seasonally adjusted index maintained by the Mortgage Bankers Association showed a 13.2% drop in mortgage application volume as of the end of last week ...

After a fatal tanker explosion, the driver was arrested

After his truck became stuck beneath a bridge and exploded near Johannesburg, police charged the gas tanker driver with multiple counts of culpable homicide.

The driver of a gas tanker that exploded near Johannesburg on Christmas Eve has been arrested and charged by South African police...

MOL Tankers Turned 50

The ocean shipping sector began to detect a trend toward specialisation in the 1960s, which resulted in boats committing themselves to hauling particular types of cargo. This trend was first observed in the shipping business. This pattern is still typical in today's society. During the same t...

Ammonia-fueled ships, Singapore's MPA partners

On June 7, Singapore's Maritime and Port Authority (MPA) announced a first agreement with multiple industry partners to design ammonia dual-fuel gas tankers.

The MPA is part of a consortium that includes the Singapore-based shipping company Eastern Pacific Shipping (EPS), the South ...

Oil Tanker Explodes on Chao Phraya River, One Crew Member Dies, 3 More Injured

An oil tanker exploded on Sunday on the Chao Phraya River as it was mooring to unload oil in Bangkok’s Phra Khanong. The incident resulted in the death of one crew member and injured three others.

Ampar 8 Bangkok, the tanker was loaded with nearly three million liters of crude oil...

China accepts Russian oil tankers and offers other payment methods

According to people familiar with the situation, Chinese refiners are paying for Russian crude oil via cash transfers to sustain imports from Russia's Fast East, since banks are unable to finance the oil due to sanctions.

Banks stopped funding Russian oil when the US and other natio...

Dubai Bankers Switching to Technology Sector

As bankers in Dubai continue to face the challenge of deal fees in the Gulf region a fraction in comparison to markets elsewhere in the world.

Dubai bankers are calling it quits after being attracted by the charm of cashing out, options available in the market, and share grants offered ...

Hijack Threat, Warned by UK

Amidst the tensions going on between Iran and the other powers of the world regarding the nuclear deal, the British Navy has warned the UAE waters and the Gulf of Oman about a potential ship hijack. Having blamed Iran for the drone attack on the oil tankers on the coast of Oman, resulting in the ...

S. KOREAN ANTI-PIRACY UNIT BEGINS OPERATIONS NEAR THE STRAIT OF HORMUZ

Highlights –

• S. Korean anti-piracy unit begins operations near the Strait of Hormuz.
• Iran had seized a South Korean oil tanker named MT Hanuk Chemi.
• The vessel is said to have been traveling from Saudi Arabia to the UAE.
• Te...

CBRE ADVISES VGP TO ACQUIRE 39-HACTARE LAND PLOT IN ROMANIA

HIGHLIGHTS

• The market of industrial spaces in the Western Romania that collectively comprises of three counties is now second biggest market in Romania.
• CBRE advised VGP to buy a land plot in Arad.

The market of industrial spaces in ...

MORTGAGE BANKERS ASSOCIATION: HOME BUYER DEMAND OBSERVES A RISE

Highlights

• Weekly mortgage applications for home purchase rose 2%
• It was striking 19% higher than a year ago

According to the Mortgage Bankers Association, homebuyer demand is heating up. Last week, total mortgage application volume ...

CHEMICAL TANKER ACCIDENT AT PUNE, RESIDENTS REPORT BREATHING PROBLEM, EYE IRRITATION

Highlights

• The acid that leaked in the accident was reportedly acetic acid
• Residents of Bhusari Colony off Paud road and Chandani chowk reported breathing problem 

A truck carrying acid leaked and spread along the road in Pune c...

CRUDE OIL STORAGE: A JACKPOT HITTING BUSINESS TODAY

Highlights:

• Crude oil is more than in abundance today
• With pandemic shutting down economies and travel, there is an urgent need for storage
• Oil tankers and crude oil storage firms are enjoying one of the best periods in their businesses  

America has just had its best month in 13 years for new homes

New York (CNN Business) Americans are on the market once again to buy houses. In December, the new home construction rose nearly 17 per cent, rising to a point not seen since before the financial crisis.

The US housing market continues to rebound, driven by a stable US economy, a strong...

Major problems in India being hidden by easy money

Worldwide central bankers are working hard to keep prices of financial assets high. Nonetheless, one result of low-interest rates is that they have left poor debt funds with few resources to lift dramatically. In the world, even those with the worst prospects continue to flow to emerging markets....

Iran Oil tankers hit by missiles in UAE

Iran stated that one among its oil tankers had been hit by missiles near Saudi Arabia’s port town of Jeddah, inflicting an oil spill and reigniting issues regarding maritime security within the Gulf.

Iran’s oil tanker company, that owns the Sabiti tanker, said that two missi...

Oil tanker hit in Red sea

Iran said rockets struck one of its tankers in the Red Sea, the most recent in a series of attacks on oil infrastructure in the locale that have annoyed energy markets.

The Islamic Republic's tanker organization at first said the attacks likely originated from Saudi Arabia, however ...

Major Human Rights Violations Observed In Asylum Centers In Germany

Shelter searchers at one of Germanys displaced person handling focuses are investing months living in what they guarantee are uncaring conditions, attempting to gain admittance to satisfactory social insurance while in bureaucratic limbo as they trust that their applications will be prepared. Ind...