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Renault bets on electric cars, hybrids to win over buyers
InternationalRenault bets on electric cars, hybrids to win over buyersBy Reuters -Apr 16, 2026Renault is betting on electric vehicles and hybrids to win over buyers in the world’s third-largest car market, global CEO Francois Provost said on Thursday, as the French carmaker steps up its product push to regain market share. The company wants India to rank among the Renault brand’s top three global markets by 2030, and aims to capture about 5% of market share in the country by the end of the dec...
Gas cylinder prices surge in Karachi after loadshedding
PakistanGas cylinder prices surge in Karachi after loadsheddingBy Web Desk-Apr 16, 2026KARACHI: Following the intense, unannounced gas load-shedding, people in the megacity are being forced to purchase a liquefied petroleum gas (LPG) cylinder, but unfortunately, the cost of these cylinders has also surged, adding to their financial strain. According to local market estimates, fibre gas cylinders, ranging from 5kg to 13kg, are being sold between Rs. 7,500 and 13,500. Meanwhile, smaller iron cylin...
Dollar and other Currency Rates in Pakistan Today – April 16, 2026
BusinessPakistanDollar and other Currency Rates in Pakistan Today - April 16, 2026By Web Desk-Apr 16, 2026The State Bank of Pakistan (SBP) has released the latest mark-to-market (M2M) foreign currency rates for major international currencies against the Pakistani Rupee (PKR) as of April 16, 2026. These official rates, essential for authorized currency dealers to revalue their portfolios daily, are calculated using the weighted average of interbank closing rates for the US Dollar from brokerage h...
K-Electric appoints former PSO Chief Syed Muhammad Taha as CEO
Must ReadPakistanK-Electric appoints former PSO Chief Syed Muhammad Taha as CEOBy Web Desk-Apr 16, 2026KARACHI: Syed Muhammad Taha has officially taken charge as the Chief Executive Officer (CEO) of K-Electric from April 15, 2026. A seasoned energy veteran with over three decades of experience, Mr. Taha returns to the utility at a defining moment for Pakistan’s power sector. Known for driving operational excellence and financial turnaround, he is recognised as a transformational leader capable o...
Pakistan’s IT exports register 21 percent increase
BusinessPakistanPakistan’s IT exports register 21 percent increaseBy Web Desk-Apr 16, 2026KARACHI: Pakistan’s Information Technology (IT) sector exports saw an increase of 21 percent in March 2026, ARY News reported. According to a report released by the State Bank of Pakistan, the country’s IT sector exports totaled $413 million in March, 13 per cent increase in comparison to previous month of February. Exports increased by 20 percent in the first nine months of the current fiscal year, reachin...
Avis’s 200% Surge Lures New Shorts Eyeing Trip ‘Back to Reality’
A three-fold surge in the shares of car rental company Avis Budget Group in just two weeks has punished short investors betting against the stock. But the bears are not giving up; if anything, they are doubling down.
Pimco Buys All $400M of Bonds Sold by Blue Owl BDC
Bloomberg's Olivia Fishlow joins Dani Burger on "Bloomberg Deals." Pacific Investment Management bought all $400 million of bonds issued on Monday by a Blue Owl Capital private credit fund, according to people with knowledge of the matter. (Source: Bloomberg)
Hotels across America slash summer rates as World Cup demand falls short, report says
NewsWorldAmericasHotels across America slash summer rates as World Cup demand falls short, report saysExperts have pointed to high ticket prices and simmering anti-American sentiment to explain the price dropGraig Graziosi in Washington, D.C. Wednesday 15 April 2026 19:44 BSTBookmarkCommentsGo to commentsBookmark popoverRemoved from bookmarksClose popover{"translations":{"comments":"Go to comments","share":"Share","copyLink":"Copy link","bookmark":"Bookmark","removeBookmark":"Remove bookmark"},"...
Pakistan weighs spot LNG as Iran war hits supply, ramps up domestic oil and gas
Pakistan is considering buying liquefied natural gas (LNG) on the spot market to offset supply disruptions caused by the Iran war, but would favour government-to-government deals to avoid having to pay steep premiums, Petroleum Minister Ali Pervaiz Malik has told Reuters. Qatar’s force majeure forced Pakistan to make costly spot purchases or find alternative fuels ahead of summer demand. Spot LNG cargoes have surged to $20 to $30 per mmBtu (one million British thermal units) amid the Middle East...
Fed Beige Book Says Iran War Driving New Wave of Uncertainty
US economic activity continued to increase at a slight-to-modest pace across most regions as the war with Iran generated a new wave of uncertainty and higher energy costs, the Federal Reserve reported in its Beige Book survey of regional business contacts. Mike McKee reports. (Source: Bloomberg)
A new Social Security COLA projection may be cause for ‘worry,’ senior group says
If their current projections are right, next year’s cost-of-living adjustment (COLA) for senior citizens receiving Social Security benefits could be cause for “worry,” according to The Senior Citizens League.
Kalshi Expands Commodities Predictions Market on War Volatility
Predictions market platform Kalshi Inc. is boosting its commodities offerings with new contracts for everything from corn and coffee to diesel and natural gas as the war in Iran attracts more traders to the betting trend.
Can Russia be India's oil backstop amid US's Hormuz blockade? What Moscow said
Can Russia be Indias oil backstop amid USs Hormuz blockade What Moscow said
SC Orders PIA to Pay 24 Years of Pension Arrears to Former Employee
PakistanSC Orders PIA to Pay 24 Years of Pension Arrears to Former EmployeeBy Web Desk-Apr 15, 2026ISLAMABAD: The Supreme Court of Pakistan (SC) on Wednesday ordered Pakistan International Airlines (PIA) to pay a former employee his pension arrears spanning 24 years, ARY News reported. A three-member bench of the top court, headed by Justice Shahid Waheed, heard the petition filed by ex-PIA employee Mustafa Ansari. During the proceedings, the petitioner’s counsel informed the court that his clie...
SC Orders PIA to Pay 24 Years of Pension Arrears to Former Employee
ISLAMABAD: The Supreme Court of Pakistan (SC) on Wednesday ordered Pakistan International Airlines (PIA) to pay a former employee his pension arrears spanning 24 years, ARY News reported. A three-member bench of the top court, headed by Justice Shahid Waheed, heard the petition filed by ex-PIA employee Mustafa Ansari. During the proceedings, the petitioner’s counsel informed the court that his client retired under a specific scheme in 2002—nearly 24 years ago. The counsel stated that while other...
Bessent suggests US could see $3 gas between June 20 and September 20
Treasury Secretary Scott Bessent told reporters at the White House press briefing on Wednesday that Americans could start seeing $3 gas prices “sooner rather than later” depending on how negotiations to open Iran’s Strait of Hormuz end up playing out. “It’s bank week here in DC, so I’ve been meeting with a lot of my…
Papa John’s and Pizza Hut edge closer to finding new owners, sources say
Two of America’s most popular national pizza chains are edging closer to selling to new owners as stiff competition, rising commodity costs and waning consumer demand are undercutting performance, according to five people familiar with the discussions. Papa John’s International and Pizza Hut, owned by Yum Brands are actively negotiating separate deals that could remove each company from the spotlight of public earnings reports and stock exchanges, giving management teams time to re...
Chevron executive has a blunt idea for Americans dealing with high gas prices: ‘People should drive less’
NewsWorldAmericasUS politicsChevron executive has a blunt idea for Americans dealing with high gas prices: ‘People should drive less’The oil executive also suggested turning off light switchesBrendan Rascius in New York Wednesday 15 April 2026 18:58 BSTBookmarkCommentsGo to commentsBookmark popoverRemoved from bookmarksClose popover{"translations":{"comments":"Go to comments","share":"Share","copyLink":"Copy link","bookmark":"Bookmark","removeBookmark":"Remove bookmark"},"showComments":true,"sho...
Bleach: Thousand-Year Blood War final season gets early release date
LifestyleBleach: Thousand-Year Blood War final season gets early release dateBy Web Desk-Apr 15, 2026Time for anime fans to get hyped again as Bleach: Thousand-Year Blood War is finally heading toward its conclusion, and its final chapter is arriving a little sooner than expected. Latest Anime News In a move that will likely excite longtime fans, Viz Media and Fathom Entertainment have confirmed that the opening episodes of the final season, titled The Calamity, will get an early theatrical roll...
More than £1bn pledged for Sudan as humanitarian crisis deepens
Donors exceed funding target at Berlin conference but prospects for ceasefire remain distantMore than £1bn (€1.15bn) has been pledged for war-ravaged Sudan at a conference in Berlin, eclipsing the funding target organisers had set to help mitigate the world’s largest humanitarian crisis.The financial commitments made on Wednesday will also help offset a chronic humanitarian funding shortfall in a country devastated by three years of conflict, where two-thirds of its population – 34m people – req...