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Why the UP government backtracked after announcing a Rs 25,000 crore MoU with AI startup
Why the UP government backtracked after announcing a Rs crore MoU with AI startup
Key Russian Oil Port Resumes Loading Amid Attempt to Divert Flow
Russia’s top oil port in the Baltic Sea resumed loading days after it came under attack from Ukrainian drones, although the company that pipes crude there said it is trying to divert barrels elsewhere because of the incidents.
China-Laos Railway transports over 80 million tonnes of cargo
China-Laos Railway transports over 80 million tonnes of cargo
High gas prices impact food delivery drivers, farmers
The national average price for gas has climbed more than 30 cents over the past month amid the Iran war. A man near Dallas earning extra money for his family through DoorDash told CBS News the rising prices are cutting into his family's wellbeing. The costs are also impacting farmers and consumers....
US Continuing Claims Fall to a Nearly Two-Year Low
Recurring applications for US unemployment benefits fell to the lowest level in almost two years, declining by 32,000 to 1.819 million in the week ended March 14. Initial claims increased by 5,000 last week, to 210,000. Michael McKee reports on Bloomberg Television. (Source: Bloomberg)
Oil tanker contractors threaten to halt fuel supply
ISLAMABAD: The Oil Tanker Contractors Association of Pakistan has threatened to halt fuel supplies to the federal government over changes in pipeline quotas, ARY News reported. Abdullah Afridi, president of the association, wrote to the Petroleum Secretary warning that fuel supply could be stopped i...
€20m of assets allegedly bought with money embezzled from Ursula Andress seized in Italy
‘Misappropriation of financial resources’ from actor, 90, tracked to property, vineyards and olive groves in Tuscany Italian authorities have seized €20m (£17.3m) of assets in Tuscany, including property, vineyards and olive groves, allegedly bought with money embezzled from the actor Ursula Andress...
Landlords, children are your future lifeblood — toast them, don’t ban them
In a move that comes as no surprise whatsoever, my local boozer in east London has banned children. I say it’s deeply unsurprising because the last time I went in there with my child about a year ago — I was forced in by a rainstorm, it was the middle of the day — it was made abundantly clear that t...
Indian Oil Reserves: अफवाह... और फिर पेट्रोल पंपों पर भीड़, लेकिन देश के पास अभी भी इतने दिन का है तेल.. No-Tension!
Indian Oil Reserves NoTension
China’s CNOOC to boost oil and gas output amid Middle East strife
China National Offshore Oil Corporation (CNOOC), the country’s largest producer of offshore crude oil and natural gas, aims to further boost production this year amid geopolitical tensions and rising oil prices. The plan came after the state-backed company reported an 11.5 per cent drop in net profi...
Putin’s spring offensive in Ukraine has begun. Experts warn Trump has given Russia a window of opportunity
With Russia funding its war effort through financial gains from the close of the Strait of Hormuz, and amping up attacks while Trump’s eye is turned towards the Middle East, experts tell Maira Butt that this is a very delicate moment for Ukraine
H&M warns prolonged Iran war could hit consumers hard
H&M warned on Thursday that a prolonged Middle East war could have a “significant impact” on consumer spending, potentially complicating the fashion retailer’s efforts to catch up with rival Zara and discount Chinese brands. Shares in the Swedish group slipped as much as 6.6%...
As oil-shocked world turns to renewables, China will reap the rewards
The Iran war’s oil shock has dramatically increased the security risk for oil-dependent countries, incentivising a turn towards renewable energy. This impact will outlast the war and oil price spikes because the world knows this war will recur. China will be the biggest beneficiary and its exports a...
दुबई के रियल एस्टेट पर खतरा, डेवलपर्स पर भारी पड़ रहा मिडिल ईस्ट का तनाव
Fed Should Do Nothing for This Moment, Goldman’s Robert Kaplan Says
Robert Kaplan, vice chairman at Goldman Sachs, says, “the Fed is wise to be a risk manager here, not a prognosticator,” in response to the war in Iran. Kaplan also discusses the US economy, how the war has impacted financial activity in the Gulf, and what the firm is telling clients at this moment....
India secures 60 days of oil supply amid Hormuz disruption
India has secured crude oil supplies for the next 60 days, ensuring stable fuel supplies in the country despite disruption in shipments from the Middle East, the oil ministry said in a statement on Thursday. India, the world’s third biggest oil consumer and importer, was buying over 40% of i...
More than 480 TSA officers have quit since the start of the partial government shutdown
Since the start of the partial government shutdown, more than 480 TSA officers have quit their jobs. Meanwhile, the acting TSA administrator said on Wednesday that the situation at airports could get worse and smaller airports may have to close "if we do not have enough officers."
Iran War to Push Global Inflation to 4% This Year in OECD Forecast
The OECD says the conflict in the Middle East is reviving the specter of inflation and now sees the average rate for the Group of 20 this year jumping to 4%. OECD Secretary General Mathias Cormann says there clearly is “quite a significant level of downside risk to our outlook today.” (Source: Bloom...
Britain’s Crown Estate plans new offshore wind leasing round for next year
King Charles III’s Crown Estate, which owns Britain’s seabed, said on Thursday it plans to hold a new offshore wind leasing round in the first half of next year. The Crown Estate, which comprises tracts of land and most of the country’s seabed, is an independently run, commer...
How Japan Can Use the Oil Market to Support the Yen
Japan’s heavy reliance on imported oil means swings in crude prices feed quickly into its currency and trade balance. The government has hinted that it might step into the oil market in an indirect bid to support the weakening yen, as the war in the Middle East drives up energy costs and threatens t...