Thursday, June 25, 2020

World 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...

IMF: Coronavirus crisis is worst since the Great Depression

The International Monetary Fund's director Kristalina Georgieva said today, Monday, that the crisis, sparked by the spread of the new Coronavirus, is the worst since the Great Depression. The world is rapidly approaching 2.5 million cases of coronavirus infection, according...

Corona virus threatens fuel demand, pushes oil down 2 percent

Oil prices fell two percent Thursday, due to concerns that the spread of a virus that appeared in China may reduce demand for fuel if it harms economic growth, but losses came limited after a decline in US stocks...

Oil records $71.75, highest since mid-September 2019

Oil prices rose on Wednesday, as Brent crude futures recorded 68.94 dollars a barrel, an increase of 1%, as it rose earlier, recording 71.75 dollars per barrel, which is the highest increase since mid-September 2019, as futures contracts for...

World’s elite jacked up their wealth by 25 percent in 2019

The world's elite succeeded in adding $1.2 trillion to their total wealth during 2019, recording an increase of 25 percent towards the end of the year, with the support of the trade truce between the United States and China,...

Oil reaches highest level in 3 months

Brent crude Oil futures rose six cents, or 0.1%, to $67.98 a barrel, after rising to $68.10, the highest level since September, and U.S. West Texas Intermediate crude futures rose 11 cents, or 0.2%, to $61.79 a barrel. Thursday's survey...

Technology war: Decoupling of two largest economies of the world picks up speed

Decoupling of the two largest economies in the world is picking up speed. On Monday, it was announced in China that the government ordered the replacement of foreign computer hardware and software with domestic products throughout the administration of...

Alibaba is going public in Hong Kong, despite the escalating protests

Chinese Internet corporation Alibaba announced on Wednesday at what price it intends to sell its shares intended for trading on the Hong Kong Stock Exchange to investors. Alibaba has been listed on the New York Stock Exchange since 2014...

Elon Musk chose Germany for big announcement

Elon Musk 's been a hell of a guy. As he comes out at an event in Berlin ado said he wanted to build a new factory for his electric car brand Tesla. In Berlin. Now Musk is known...

Emirates brings Airbus $16 billion order

United Arab airline Emirates has finalized new deal with the European aircraft manufacturer Airbus, a major contract logged into the system to buy the air crafts. The representatives both companies signed an order for 50 large-body aircraft of type...

Latest News

Sacrificing role models of media

Remember Anil Datta, a gem of a reporter and guru of a sub-editor with the exemplary national spirit, foregoing...

Banks performance under SBP Rozgar Refinance Scheme supported by Government of Pakistan’s Risk Sharing Facility

On April 10, 2020 State Bank of Pakistan introduced a refinance scheme to provide concessional credit at 3% interest rate and generous repayment terms...

SBP calls meeting of Bank Presidents, top builders on Naya Pakistan Housing Program

Governor State Bank of Pakistan (SBP) Dr. Reza Baqir called a meeting of Banks on Wednesday for deliberations on the measures proposed by Naya...

China: The Indian army has breached its obligations and launched provocative attacks, causing casualties

Zhang said - in a statement this evening about the clashes between the Chinese and Indian border forces in the Galvan Valley region -...

UK’s economy suffers from epidemic – 600 thousand jobs lost due to Corona

Official figures indicate that the number of employees in the UK payroll fell more than 600,000 between March and May, according to the BBC,...