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Canada’s economic ties with US are a weakness that must be corrected, says Carney
Canadian Prime Minister Mark Carney said in a video address released on Sunday that Canada’s strong economic ties to the United States were once a strength but are now a weakness that must be corrected. In the 10-minute address, Carney spoke about his government’s efforts to strengthen the Canadian economy by attracting new investments and signing trade deals with other countries. “The world is more dangerous and divided,” Carney said. “The US has fundamentally changed its approach to trade,...
پنج بانک بزرگ آمریکایی و بریتانیایی به مشارکت ناخواسته در پولشویی برای تهران متهم شدند
روزنامه تلگراف گزارش داد که پنج بانک بزرگ و چندملیتی آمریکایی و بریتانیایی به «مشارکت ناخواسته» در پولشویی به نفع جمهوری اسلامی و پردازش نقل و انتقالهایی متهم شدهاند که ممکن است با یک «شبکه پیچیده دور زدن تحریمها» مرتبط باشد.
Pope Leo prays at Catholic shrine in Angola that was a centre of African slave trade
Pope Leo on Sunday recalled the “sorrow and great suffering” Angolans endured for centuries, as the American pope prayed at a Catholic shrine located at the site of an important hub of the African slave trade during Portugal’s colonial rule. Leo travelled to the Sanctuary of Mama Muxima, nestled in the Angolan savannahs of baobab trees at the edge of the Kwanza River. It became a major pilgrimage destination after believers reported an appearance by the Virgin Mary around 1833. But the Church of...
After Long Avoiding Politics, Commodity Traders Cozy Up to Trump
For decades, the world’s biggest commodity traders have sought to remain outside of politics, doing deals with anyone who has natural resources to buy or sell. Now, Donald Trump is changing the rules of the game.
India’s gold-buying festival sees tepid demand on price surge
BusinessInternationalIndia's gold-buying festival sees tepid demand on price surgeBy Reuters -Apr 19, 2026Gold demand during one of India’s key buying festivals stayed muted on Sunday as record prices curbed jewellery purchases, offsetting a modest uptick in investment demand. Indians celebrated Akshaya Tritiya, the second-biggest gold-buying festival after Dhanteras, when purchasing precious metals is considered auspicious. “The sharp rally in prices curbed jewellery demand. In volume te...
Power Division starts measures to hike electricity generation to cope load shedding
BusinessMust ReadPower Division starts measures to hike electricity generation to cope load sheddingBy Web Desk-Apr 19, 2026ISLAMABAD: The Power Division has initiated measures to ramp up electricity production across the country amid an intense summer heatwave, ARY News reported, citing official sources. Sources state that the Power Division has formally requested the Petroleum Division through a letter to provide 400 MMCFD of Liquefied Natural Gas (LNG) for power generation. With the increasin...
Petrol prices likely to stay high amid US-Iran uncertainty: reports Al Jazeera
BusinessMust ReadPetrol prices likely to stay high amid US-Iran uncertainty, reports Al JazeeraBy Web Desk-Apr 19, 2026Uncertainty in the Middle East, particularly amid ongoing tensions and the lack of a breakthrough in US-Iran relations, is expected to keep global energy markets under strain, with concerns that petrol prices may remain high for an extended period. According to a report by Al Jazeera, US Energy Secretary Chris Wright has warned that petrol prices could stay elevated due to the c...
Pakistan role averted oil shock: Iqbal
Federal Minister for Planning Ahsan Iqbal said that if the Iran-US war had continued, oil prices would have surged beyond Rs600 per litre and the economies of 193 countries would have collapsed. "Today, Pakistan's leadership is not only a benefactor of Pakistan but of 193 countries," Iqbal said on Sunday while addressing a ceremony at a private college in Narowal, his hometown. The minister was referring to Pakistan's role as the mediator that convinced the warring parties to...
Butane Gas Wholesalers Suspend Planned Strike After Government Measures
Agadir – Morocco’s Professional Association of Butane Gas Wholesalers and Distributors has suspended its planned strike action scheduled for April 21 and 22. The protest came amid rising prices, while profit margins have remained unchanged since 2016, despite growing pressures threatening the sustainability of the sector. The decision to suspend the strike was followed by a press conference held by government officials addressing measures to combat the current global energy crisis and ris...
Zakat crisis leaves thousands without aid
Due to a severe economic and financial crisis, the Zakat Department in Rawalpindi has failed to provide financial assistance to deserving beneficiaries for the past 10 months. This year, no Eid gifts were distributed on Eidul Fitr, and there are fears that assistance may also not be given on Eidul Azha. According to sources, the government has not released a single penny to the Rawalpindi Zakat Council during this period. Owing to official apathy and lack of interest, the structure of the Zakat...
Louisiana shooting horror with 8 kids dead is 'unlike anything police have ever seen'
Louisiana shooting horror with 8 kids dead is 'unlike anything police have ever seen'A total of eight children have been killed following a shooting in Louisiana - victims of the shooting on Sunday morning in the US ranged from one to 14 years oldCommentsNewsBenjamin Lynch News Reporter17:36, 19 Apr 2026Updated 17:45, 19 Apr 2026View ImagePolice in the US said they were called to Shreveport at around 6am on Sunday (file photo)(Image: AFP via Getty Images)Eight children have been killed...
Hungary to Secure Deal With EU to Unlock Frozen Funds - Tisza Party Leader
MOSCOW (Sputnik) - Hungary will soon conclude a comprehensive agreement with the European Union to unlock billions of euros owed to Hungary from European funds, Head of Hungary's Tisza Party Peter Magyar said on Sunday.
Energy secretary reveals when gas will drop below $3 a gallon again as Trump revamps his threats to Iran
Energy secretary reveals when gas will drop below $3 a gallon again as Trump revamps his threats to IranSign up for our US Editor's Picks newsletter to get all the biggest exclusive stories By ELIOT FORCE, US NEWS REPORTER Published: 17:07, 19 April 2026 | Updated: 17:07, 19 April 2026 e-mail View comments
Vitol Made About $2 Billion in First Quarter Despite War Losses
Vitol Group has told banks it made a first-quarter profit of roughly $2 billion, as the world’s top energy trader moves to reassure lenders over losses in some parts of its business due to the Iran war.
Trump energy secretary says gas prices might not drop back under $3 a gallon until 2027
Chris Wright says ‘I don’t know’ when asked about lower cost of gas as average price soars to $4 a gallon in USChris Wright, the Trump administration’s energy secretary, acknowledged Sunday that it might not be until 2027 before US gas prices come back under $3 a gallon.Asked by Jake Tapper, the CNN State of the Union host, when he thought “it’s realistic for Americans to expect the gas will go back to under $3 a gallon”, Wright replied: “I don’t know. That could happen later this year. That mig...
Pak says it will repay remaining $1.5 bn loan to UAE by April 23 amid IMF funding hopes
Pakistan aims to repay the remaining $1.5 billion loan to the UAE by April 23, following a $2 billion repayment. This comes as the country anticipates a $1.2 billion disbursement from the IMF after recent negotiations. Saudi Arabia has also extended a $3 billion deposit maturity, depositing $2 billion to bolster reserves.
Peacemaking's economic payback
Pakistan's genuine efforts and role as a global peacemaker are finally being taken seriously. Diplomacy is a two-way street, and Pakistan is indeed a prime beneficiary of peace amid the US-Israeli war on Iran. This is not just because high international oil prices severely upend our fragile macroeconomic recovery and increase the odds of higher inflation, higher interest rates and rupee depreciation. It is also because political instability in Iran affects Pakistan domestically, as we host...
Between reserves and reality: external sector under pressure
Pakistan's economic managers often point to rising foreign exchange reserves as a sign of stabilisation. On paper, the narrative appears reassuring: reserves have recovered from crisis lows, inflation remains within range, and the country continues to meet its external obligations. Yet this is a stability measured more in optics than in underlying strength. The recent decision to repay billions to the United Arab Emirates, coupled with looming debt maturities, delayed multilateral disbursem...
Sovereign debt trap and illusion of fiscal stabilisation
The prevailing narrative suggesting that Pakistan has achieved macroeconomic stability through the current International Monetary Fund (IMF) programme is a dangerous oversimplification. Such a perspective conveniently ignores the systemic erosion of the national industrial base under the crushing weight of an unsustainable debt-to-GDP ratio. Government officials frequently cite a primary surplus of 2% as a grand triumph of fiscal discipline and prudent management. Yet they fail to acknowledge t...
Rs5.4tr stuck, reform tax justice
"We are constrained to observe that the income tax authorities unnecessarily wasted time, money, and effort which could have been better utilised for more productive causes. They discarded the clear determinations by three forums and the EFU case precedent. Such disdain and persistence without cause do not engender confidence in taxpayers nor help establish a system that treats them fairly and in accordance with the law. There is no reason to grant leave to appeal to the impugned orders and...