Since Russia invaded Ukraine in February, Reliance Industries Ltd, the operator of the world's largest oil refining plant, has ordered at least 15 million barrels of Russian oil, according to trade sources. According to the sources, Reliance acquired an average of 5 million barrels per month in the June quarter. Due to high freight costs, Indian refiners, notably Reliance, rarely acquired Russian oil prior to the Ukraine war, Reuters reports However,...

Kristalina Georgieva, Managing Director of the International Monetary Fund (IMF), has stated that more external money, particularly fast-disbursing awards, is required to help Ukraine preserve macroeconomic and financial stability. "Without additional support, the great efforts made by the Ukrainian authorities to maintain macroeconomic and financial stability—in the face of enormous shocks and terrible circumstances — will become even harder to sustain," Ms Georgieva said in her opening remarks at the...

Due to the effects of Russia's invasion of Ukraine, the World Bank is lowering its global growth prediction for 2022 by nearly a half percentage point, to 3.2 percent from 4.1 percent, according to World Bank President David Malpass. On a conference call with reporters, Malpass said the World Bank was responding to the war's increased economic stresses by proposing a new $170 billion crisis financing objective for the next...

Amazon.com Inc Chief Executive Officer Andy Jassy said the e-commerce giant is not close to adding Bitcoin as a payment option to its retail operation. Jassy said this in an interview with the CNBC on Thursday. He also hinted that non-fungible tokens (NFTs) could be sold on its e-commerce platform, and that NFTs will continue to develop "substantially." NFTs, a form of blockchain-based digital currency, have grown in popularity in 2021, with...

Toyota, the top-selling automaker in the United States, is introducing its first all-electric vehicle in eight years. The company unveiled Toyota bZ4X small SUV, which starts at $42,000 and can travel up to 252 miles (406 kilometers) on a single charge. The bZ4X, which will be sold globally, joins the 38 electric vehicle models currently on the market in the United States, with more than 120 expected by 2025. While...

The announcement by a cryptocurrency platform that it will gather $10 billion in bitcoin to back its own "stablecoin" is causing a stir in the market. It's part of a larger effort to establish bitcoin as the new world's reserve currency. According to publicly available blockchain data, Seoul-based Terraform Labs has amassed about 40,000 bitcoin worth $1.7 billion through a series of acquisitions made through a non-profit affiliate, Luna Foundation...

On Thursday, the Food and Drug Administration approved a second COVID-19 at-home antiviral medication. The medicine, known as molnupiravir, was approved a day after the FDA approved Pfizer's COVID-19 antiviral, known as Paxlovid. Both medications help persons with COVID-19 who are at risk of developing a severe case of the disease avoid hospitalization and death. Molnupiravir, a drug manufactured by Merck, is approved for adults aged 18 and above who...

According to a study led by Kentaro Mizuta of Tohoku University's Graduate School of Dentistry, the sleep hormone melatonin aggravates asthma. The findings were reported in the journal "American Journal of Physiology Lung Cellular and Molecular Physiology." Bronchoconstriction is a condition in which the smooth muscles of the bronchus — the tube that transports air to and from your lungs — constrict. Many people use a bronchodilator, a drug that...

Apple has developed a new Android software called 'Tracker Discover,' which allows users to detect hidden AirTags and other Find My network-enabled devices. Android users can use the Tracker Detect app to look for active trackers on the Find My network, which includes Apple's airbag. "Tracker Detect searches for item trackers that have become separated from their owners and are compatible with Apple's Find My network." AirTag and related devices...

Receiving a spam call or text is something that happens on a daily basis. It might be a telemarketing call or someone trying to sell you something like insurance or a credit card. Unknown caller messages are a common part of the daily smartphone experience. Truecaller's latest data confirms that India is among the worst-affected countries when it comes to spam calls and messages. India is ranked fourth on the...