Year: 2021

Russia resumed flights to the Egyptian Red Sea resorts of Hurghada and Sharm el-Sheikh on Monday after a six year-ban due to a deadly plane crash. An Egyptair plane transporting 300 Russian tourists took off from Moscow to Hurghada, and was welcomed by a “water salute” upon arrival at the tourist destination. Passengers were given balloons and flowers after landing. Moscow has given the green light to flights from 43 Russian cities to the two resorts. However, the list does not include St. Petersburg. Russia had previously banned flights to…

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Like most car dealerships during the pandemic, Hudson Hyundai in New Jersey is selling nearly any vehicle it can acquire. But some models move faster than others. “The hybrids really go first,” said sales agent Alicia Mandona. “I have at least three customers waiting.” Hybrid cars improve fuel economy by using batteries to assist gasoline-powered engines, and their sales are soaring. While the broader U.S. auto industry recorded a 29 percent growth in sales in the first half of 2021, hybrid sales grew 142 percent, according to data provided by…

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US oil may retest a support at $65.46 per barrel, with a good chance of breaking below this level and falling to $64.27. The contract is riding on a wave (c) from $74.23, which observes closely two sets of projection levels on the downtrend from $75.52 and the trend from $74.23. This wave is expected to travel to $62.70, as it has extended below $65.42. The current bounce may end around a resistance at $67.10, as indicated by a falling channel. A break above $67.10 could lead to a gain…

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Pakistan has received the third largest workers’ remittances amounting to $2.71 billion in July, the first month of current fiscal year, making the much-needed finances available to pay for increasing imports which is a must to achieve the planned higher economic growth. This was the sixth month in the past 13 months when the inflows of remittances sent home by overseas Pakistanis remained over $2.5 billion. Moreover, July was the fourteenth successive month in which the receipts remained above the threshold of $2 billion, according to the State Bank of…

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