Brent futures fell 77 cents, or 1.18%, to $64.71 a barrel by 0320 GMT, while US West Texas Intermediate crude futures fell 65 cents, or 1.04%, to $61.70. Following the tariff pause for most countries, the benchmark crude contracts had settled 4% higher on Wednesday after dropping as much as 7% during the session. Trump, […]
The funding being paused includes mostly grants and contracts with the federal departments of health, education, agriculture and defense, the official said, speaking on condition of anonymity. The administration of U.S. President Donald Trump has threatened to block federal funding for schools over pro-Palestinian campus protests as well as other issues such as diversity, equity, […]
At the same time, AI can unlock opportunities to produce and consume electricity more efficiently, the International Energy Agency (IEA) said in its first report on the energy implications of AI. Data centers represented about 1.5 percent of global electricity consumption in 2024, but that has increased by 12 percent annually over the past five […]
The six fields and two reservoirs were found to have Arabian oil of different grades totalling 8,126 barrels per day, according to Reuters calculations based on the announcement. The natural gas discoveries from two fields and four reservoirs totalled 80.5 million standard cubic feet per day (scfd), the calculations show. Associated gas from the oil […]
The group StopAntisemitism has accused her of “spreading Hamas propaganda” merely for raising awareness about the starvation of Palestinian children and advocating for the delivery of life-saving aid. StopAntisemitism, a right-wing organisation notorious for targeting critics of Israeli policies, has long faced criticism for equating legitimate concern for Palestinian rights with antisemitism. In a letter […]
The Canadian High Commission has issued a public advertisement inviting applications for the position, with a deadline set for June 15. The selected candidate will serve a five-year term and be responsible for promoting Canada’s positive image in Karachi and Sindh. The role prioritizes cultural, economic, and political exchanges, strengthening bilateral ties between the two […]
Ofcom said it was looking into whether the site’s service provider “failed to put appropriate safety measures in place to protect its UK users from illegal content and activity”. It is the first investigation opened into an individual service provider under Britain’s Online Safety Act of 2023, which aims to protect adult and child internet […]
Following the sweeping 10 percent tariffs imposed over the weekend, rates on imports to the United States from exporters, including the European Union and Japan, rose further on Wednesday. China — Washington’s top economic rival but also a major trading partner — is the hardest hit, with tariffs imposed on its products since Trump returned […]
The multilateral lender said it had reached a staff-level agreement on the program that was subject to approval by its executive board, which is expected to consider the proposal “in the coming days.” “The agreement builds on the authorities’ impressive early progress in stabilizing the economy, underpinned by a strong fiscal anchor, that is delivering […]
China — Washington’s top economic rival but also a major trading partner — is the hardest hit, with tariffs imposed on its products since Trump returned to the White House now reaching a staggering 104 percent. Following the imposition of sweeping 10 percent tariffs that have rocked the global economy since coming into force over […]
