Ship carrying first Ukraine grain cargo nears Syria: Shipping sources

BEIRUT: The first ship to depart Ukraine under a UN-brokered deal was approaching the Syrian port of Tartous on Sunday, two shipping sources told Reuters. The Razoni set sail from Ukraine’s Odesa port on August 1 under the deal between Russia and Ukraine, brokered by the United Nations and Turkey. The cargo had been headed …

Sri Lankan Navy rejects reports of conducting war games with Pakistan

COLOMBO: The Sri Lankan Navy on Sunday rejected as “fallacious” media reports that it will hold war games with a Pakistani warship docked at the Colombo port but confirmed that it will hold a “Passage Exercise” in the western seas with PNS Taimur as it leaves the island nation. The docking of Pakistan‘s newly-commissioned Chinese-built …

From $100 to billions: How Rakesh Jhunjhunwala became an ace investor with Midas touch

NEW DELHI: Ace stock market investor Rakesh Jhunjhunwala, often referred to as India’s Warren Buffett, died in Mumbai Sunday morning. He was 62. Jhunjhunwala was brought dead at the Breach Candy hospital early on Sunday morning. Suffering from kidney disease and ischemic heart disease, the hospital certified that cardiac arrest was the cause of his …