Friday, October 30, 2020

WN-Business

U.S. Oil Prices Fall To $11 Per Barrel In Historic Crash

The oil market is in meltdown mode. US crude crashed an insane 41% on Monday to as low as $10.77 a barrel – the weakest level since December 1998. The latest collapse leaves oil down 83% since the January peak of...

G7 warns Facebook against launching Libra before proving safe

A report issued by the Group of Seven (G7) industrialized nations warned that Facebook's Libra should not be launched until the company proves safe and secure. The world's largest economies have warned that cryptocurrencies such as Libra are a...

Dr Mahathir: Aramco plant attacks are expected to impact global oil prices

Malaysian Prime Minister Dr Mahathir Mohamad said on Sunday that the attacks on Aramco oil plant in Saudi Arabia are expected to affect world oil prices, including Malaysia. However, in Malaysia, the Prime Minister explained, the government subsidized the fuel...

Global oil price to jump after Saudi Arabia suspends oil production following drone attacks

Global oil price likely to jump after Saudi Arabia temporarily suspends oil production at two Aramco oil plants attacked by Yemeni rebels, disrupting about half of the company's total production. The attack led to a temporary suspension of oil production...

OPEC chief says no alternative plans for OPEC deal

OPEC Secretary General Mohammed Sanusi Barkindo said in a statement to the Emirates News Agency on Tuesday that there are no alternative plans so far for the OPEC + agreement. Barkindo added that the Organization of Petroleum Exporting Countries and its allies,...

Google beats Amazon to win partnership with General Motors

General Motors (GM) announced on Friday that it has entered into a partnership with Google to support the development of vehicle control systems other than the development of audio technologies and entertainment and information features such as electronic navigation...

Apple to absorb tariffs instead price transfer to the customers

The latest round of tariffs imposed by the Trump administration on products and goods imported from China took effect on Sunday, affecting some of Apple's most popular products. The 15% increase on Chinese imports will affect Apple products such as...

China to launch official cryptocurrency to eliminate need for bank accounts

China's plans to launch a state-backed cryptocurrency may eliminate the need for bank accounts, a new study has found. A report was published in Binance, a global cryptocurrency exchange that provides a platform for trading more than 100 cryptocurrencies. Since...

China trade update: Beijing to begins accepting duty-free applications on US imports next week

China trade update: Beijing announced that it will begin accepting requests for exemption from the implementation of the second round of additional tariffs on US imports starting from the second of next month. Companies, business associations or chambers of commerce...

ExxonMobil and Mosaic Materials to Explore New Carbon Capture Technology

ExxonMobil and Mosaic Materials to Explore New Carbon Capture Technology. ExxonMobil and Mosaic Materials said Monday that they have entered into an agreement to explore the advancement of breakthrough technology that can remove carbon dioxide from emissions sources. Mosaic Materials has...

Latest News

Meezan Bank inks deal with BPC Banking Technologies to accommodate Pakistan’s digital payments boom

Pakistan’s largest Islamic bank kicks off its digital transformation program with the upgrade of its legacy payment platform The partnership...

Telenor Pakistan Bags Network Transformation Awards 2020 for CCS

In line with its commitment to strengthening the pillar of connectivity and providing high-quality broadband services across the length and breadth of the country,...

Shell Pakistan announces a profit in Q3 2020

The Board of Directors of Shell Pakistan Limited (‘SPL’) announced the third-quarter results for the company. Shell posted an after-tax profit of PKR 1,812...

Armenian defense denies targeting civilian sites in Azerbaijan

The Armenian Ministry of Defense denied targeting civilian sites in Azerbaijan, according to an urgent news broadcast, Azerbaijan announced that 4 civilians were killed...

Harris promised to end Trump’s policies on asylum restrictions and ensure immigrant dignity

Democratic candidate for US Vice President Kamala Harris promised to work with Democratic presidential candidate Joe Biden to put an end to the policies...