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President Zardari directs all possible efforts be made to minimise loadshedding across country
President Asif Ali Zardari on Wednesday directed that all possible efforts be made to minimise loadshedding across the country, according to a statement issued by the President’s Secretariat. He issued the directive while chairing a meeting on water resource management at Aiwan-i-Sadr, the statement said, adding that the president also addressed the issue of energy shortfalls linked to the regional situation. President Zardari “stressed that any lo...
'They are safe': Dubai official says Iranians still participate in economy
[Editor's Note: Follow Khaleej Times live blog for the latest regional developments with the US-Israel-Iran ceasefire now in effect.]Despite the war and the sinful Iranian attacks on the UAE during the US-Israel-Iran war, Iranians living in Dubai are still safe, a senior official in the emirate stressed during the recent Semafor forum in Washington.Asked whether the half a million of Iranians who live in Dubai are welcome in the emirate, Hadi Badri, CEO of Dubai Economic Development C...
Accel raises $5B to back late-stage bets
Accel announced on Tuesday that it raised $5 billion in fresh capital to back late-stage companies. The venture firm told Bloomberg that $4 billion will go to its late-stage Leaders Fund, for which it hopes to cut at least 20 checks, averaging $200 million each. Accel is looking to invest in companies building AI-powered technology, with a focus on software, hardware, robotics, defense tech, and data center infrastructure.
S&P 500 hits new all-time high as investors shrug off Iran war oil price spike
Iran warS&P 500 hits new all-time high as investors shrug off Iran war oil price spikeThe rebound over the past two weeks has been faster than the one following the Covid market crash in 2020 or when tariffs roiled markets in 2025.Listen to this article with a free account00:0000:00Traders work on the floor of the New York Stock Exchange on Monday.Michael M. Santiago / Getty ImagesShareAdd NBC News to GoogleApril 15, 2026, 1:37 PM EDTBy Steve KopackThe S&P 500 hit a new all-time high Wednesd...
BYD shuns price war to build EV brand
InternationalBYD shuns price war to build EV brandBy Reuters -Apr 15, 2026Chinese electric vehicle maker BYD is deliberately avoiding a price war in South Africa as competition ramps up in the continent’s second biggest auto market, its local managing director told Reuters on Wednesday. South Africa has seen a growing influx of new electric, plug-in hybrid, range extender and traditional hybrid car brands, many from China, offering sharply priced vehicles to win market share in an industry st...
India set to receive first Russian LNG cargo despite US sanctions pressure
India set to receive first Russian LNG cargo despite US sanctions pressure
SoftBank Raises $3.6 Billion While AI Push Raises Debt Costs
SoftBank Group Corp. sold about $3.6 billion of junk bonds Wednesday, as aggressive investments in artificial intelligence by the Japanese conglomerate has helped fuel a surge in the firm’s funding costs.
Freedom Forever Files for Bankruptcy as Solar Industry Woes Deepen
Freedom Forever, a once thriving residential solar installer, joins a growing list of bankruptcies as distress in the US clean energy sector deepens under an unfriendly Trump administration and hopes for buyouts fade.
Massive outages as deficit hits 6,500MW
The country faces a worsening electricity crisis, with the overall power shortfall reaching 6,500 megawatts (MW). This leads to prolonged load shedding across multiple regions and growing public frustration. According to sources, total electricity demand has surged to around 22,000MW, while generation remains limited to 15,400MW. The energy mix includes 1,500MW from hydropower, 9,250MW from thermal sources, 1,200MW from wind, 2,850MW from nuclear, 400MW from solar, and 200MW from bagasse. The...
Saudi largesse plugs Pakistan's sudden reserve hole
As Saudi Arabia extended a $3 billion new loan to fill a sudden hole in reserves, the government has decided to request the International Monetary Fund to increase the size of the current $7 billion bailout package to offset the impact of the Middle East war on the economy. Official sources told The Express Tribune that the deliberations have taken place in the Prime Minister's Office and the Ministry of Finance to enhance the size of the $7 billion Extended Fund Facility, which is ending i...
Saudi Riyal to Pakistani Rupee Rate Today – April 15, 2026
BusinessPakistanSaudi Riyal to Pakistani Rupee Rate Today – April 15, 2026By Web Desk-Apr 15, 2026KARACHI, April 15, 2026: The Saudi Riyal (SAR) slipped to Rs74.34 against the Pakistani Rupee (PKR) in today’s open market — a modest 8-paisa decline from recent sessions and one of the softer levels observed since late October 2025, according to leading currency dealers in Karachi. The selling rate settled around Rs74.91. The pair remains firmly confined to the same exceptionally narrow, low-volati...
Argentina reaches IMF staff deal, opening door to $1 billion in fresh funds
InternationalArgentina reaches IMF staff deal, opening door to $1 billion in fresh fundsBy Reuters -Apr 15, 2026Argentina reached a staff-level agreement with the International Monetary Fund on the second review of its $20 billion program, the IMF said on Wednesday, unlocking the disbursement of $1 billion, subject to approval by the IMF Executive Board. “Reform momentum has significantly strengthened in recent months,” the IMF said in a statement, recognizing greater political support in S...
Argentina reaches IMF staff deal, opening door to $1 billion in fresh funds
Argentina reached a staff-level agreement with the International Monetary Fund on the second review of its $20 billion program, the IMF said on Wednesday, unlocking the disbursement of $1 billion, subject to approval by the IMF Executive Board. “Reform momentum has significantly strengthened in recent months,” the IMF said in a statement, recognizing greater political support in South America’s second-largest economy for key reforms, as well as improvements to monetary an...
UK Pound to Pakistani Rupee Rate Today—April 15, 2026
BusinessUK Pound to Pakistani Rupee Rate Today—April 15, 2026By Web Desk-Apr 15, 2026The UK Pound Sterling is trading at approximately ₨378.43 against the Pakistani Rupee in the interbank forex market today, April 15, 2026, marking a modest gain of 0.17 percent from the previous session’s close of ₨378.03. This rate, verified across authentic sources including the State Bank of Pakistan reflects ongoing currency dynamics shaped by both domestic and global economic forces. The British Pound Sterl...
UK Pound to Pakistani Rupee Rate Today—April 15, 2026
The UK Pound Sterling is trading at approximately ₨378.43 against the Pakistani Rupee in the interbank forex market today, April 15, 2026, marking a modest gain of 0.17 percent from the previous session’s close of ₨378.03. This rate, verified across authentic sources including the State Bank of Pakistan reflects ongoing currency dynamics shaped by both domestic and global economic forces. The British Pound Sterling, or GBP, holds the distinction of being the world’s oldest currency s...
Péter Magyar exposes Hungarian corruption, payments to CPAC?
Liberal media figures fawning over new PM Péter Magyar might be surprised to discover that he’s actually very conservative, and conservatives who are mad that Viktor Orbán lost might be in for a pleasant surprise.
Nigeria oil production hits 1.8 million barrels/day
InternationalNigeria oil production hits 1.8 million barrels/dayBy Reuters -Apr 15, 2026Nigeria’s oil production has risen to 1.8 million barrels a day, Finance Minister Wale Edun told Reuters, generating fiscal breathing space that will allow the government to support vulnerable households as it ploughs ahead with reforms. Speaking in an interview on Wednesday on the sidelines of the International Monetary Fund and World Bank Group spring meetings in Washington, Edun said rising crude pr...
Nigeria oil production hits 1.8 million barrels/day
Nigeria’s oil production has risen to 1.8 million barrels a day, Finance Minister Wale Edun told Reuters, generating fiscal breathing space that will allow the government to support vulnerable households as it ploughs ahead with reforms. Speaking in an interview on Wednesday on the sidelines of the International Monetary Fund and World Bank Group spring meetings in Washington, Edun said rising crude production was positive for Nigeria’s revenue, for foreign exchange and for t...
Iraqi Fuel Oil Exports Begin Through Baniyas Oil Port
The Syrian Petroleum Company began loading the first Iraqi fuel oil shipments on Wednesday, April 15, at Baniyas oil terminal, ahead of their export via the designated tanker. Enab Baladi’s correspondent in Tartus, western Syria, said the cargo was being loaded onto the tanker ASAHI PRINCESS, with a volume of about 85,000 tons. He added that this was the first export operation through the Syrian oil port since Dec. 8, 2024. In a statement, the Syrian Petroleum Company said the step reflected the...
Can Hungary's new leader wean his country off cheap Russian energy?
World Hungary's new leader has vowed to wean his country off Russian energy. It will be a painful transition. By Aidan Stretch Aidan Stretch Reporter Aidan Stretch is a CBS News reporter based in Kyiv, Ukraine. Read Full Bio Aidan Stretch April 15, 2026 / 1:08 PM EDT / CBS News Add CBS News on Google Kyiv – In the hours before Peter Magyar defeated Hungary's longtime leader Viktor Orbán in Sunday's landmark election, Magyar's supporters filled the streets of Budapest chant...