Thursday, October 28, 2021

World Business

IFN declares SBP as top central bank for promoting Islamic finance

State Bank of Pakistan (SBP) has been voted as the Best Central Bank in promoting Islamic finance for the fourth time by a poll conducted by Islamic Finance News (IFN), REDmoney Group Malaysia, on Wednesday. This is the second international...

World Economic Forum to be held in Singapore in May – WEF president

The President of the World Economic Forum, Borg Brend, said in an email today that the forum will be held in Singapore instead of Switzerland next year, as the Covid-19 pandemic will make it difficult to ensure the health...

Trump’s European allies resisted sanctions on Iranian banks

A diplomatic correspondence showed that Germany, France, and Britain urged the administration of US President Donald Trump in late October to reconsider imposing new broad sanctions on Iranian banks, saying that this step would impede legitimate trade in humanitarian...

United Nations: Floods affect 38 million people in China and 1.4 million in Bangladesh

Stephen Dujarric, a spokesman for the United Nations Secretary-General, said that the floods are still affecting many countries in the Asian continent and caused the death of many people, while the specialized agencies of the United Nations are working...

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...

Latest News

Protests in Tokyo against the marriage of Princess Mako with a commoner

The protest took place in the Japanese capital, Tokyo, in conjunction with the wedding of Japanese Princess Mako with...
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