Oil prices climbed on Tuesday, boosted by increasing faith in the market that producers will to stick to commitments to cut crude supply while demand picks up with more cars back on the road as coronavirus lockdowns are eased around the world.

STADLER’s IT system was targeted with a cyber-attack last week, the company has announced, with malware used to steal information.

As several countries are struggling to buy cheaper oil amid a drastic plunge in demand due to the coronavirus fuelled lockdowns, Pakistan’s attempts to take advantage of the slump in oil prices have failed due to lack of strategic storages in the country.

Pakistan border crossing at Mirjaveh has been open for about two days and other border markets are gradually reopening,” the Vice President of the Iran-Pakistan Joint Chamber Amanullah Shahnavazi told ILNA.

Tourism, the industry hit hardest by the COVID-19 pandemic, begins to introduce measures for its recovery, just as it did after the 9/11 attacks in New York City that stopped air travel for several weeks and changed security controls forever, or during the 2004 Indian Ocean earthquake and tsunami. The truth is that there is no going back to normal. It is a fact that, at first, some changes will be quite drastic, but companies and businesses will have to get used to it until everything starts flowing again and, hopefully, in a better way. Travel after COVID-19 will bring the following changes.

The first Lexus electric car will get the most generous battery warranty coverage of any EV so far when it arrives in Europe by early next year.

Iran Airports Company registered a total of 9,249 takeoffs and landings during the first month of the current Iranian year (March 20-April 19) to register a 70% decline compared with the similar period of last year.

South Korean shipping line HMM said its new HMM Algeciras departed the Port of Yantian on May 8 bound for Rotterdam with 19,621 TEUs loaded on board.

FINANCIAL EDGE, RAILWAY AGE MAY 2020 ISSUE: Too much ink (printer ink in the modern era) has already been spilt trying to find an angle on the COVID-19 pandemic and its impact on the national and global economy, the consumer, the business segments most impacted by the terrible crisis (think aerospace, restaurants, the arts), the front line healthcare workers risking their lives daily and the retail, delivery and factory workers keeping aspects of life in the United States (e.g. food supply) relatively normal.

Implementation of a plan to slash four zeros from Iran's national currency which had been postponed for years will be of benefit to the country from different aspects.