The global slowdown in sales of electric vehicles (EVs), partly due to diverging policies on green incentives, has pushed automakers worldwide to adjust their EV plans. “The measure is necessary due to the current lack of orders linked to the deep difficulties experienced in the European electric (car) market by all producers, particularly the European […]
The central bank slashed the interest rate by two percent to 17.5% in the monetary policy announced today. The Monetary Policy Committee (MPC) of the central bank met today to fix the policy rate for the next one and a half months. Analysts were expecting that the committee will continue monetary easing between 150-200bps on […]
Al-Khorayef emphasized that Saudi Arabia will prioritize its interests and explore new opportunities, separating politics from commerce. The broader adoption of the “petroyuan” is seen as a significant step in the yuan’s internationalization, challenging the US dollar’s dominance in global commodity markets. China has been promoting the yuan’s use in international trade, including a currency […]
Sources said that the petrol and high-speed diesel prices are likely to be reduced by Rs12 per litre each while the rate of kerosene oil would be slashed by Rs8 per litre. The final decision regarding slash in petrol price will be made after observing fluctuation in the international market from September 12 to 14. […]
Fighting broke out in Manipur in May 2023, between the predominantly Hindu Meitei majority and the mainly Christian Kuki community, an ethnic conflict that has since killed at least 200 people. Since then, communities have splintered into rival groups across swaths of the northeastern state, which borders war-torn Myanmar. After months of relative calm, fresh […]
Brent crude futures for November were up $1, or 1.4% at $71.61 a barrel at 0632 GMT. U.S. crude futures for October were up 92 cents, or 1.4%, at $68.23 a barrel. Both contracts rose by more than 2% in the previous session as offshore platforms in the U.S. Gulf of Mexico were shut and […]
As per details, the petitioners stated that as elected members of the National Assembly, they were illegally arrested from the assembly premises without any reason and taken to an unknown location. Later, the court approved their eight-day physical remand. The petitioners argued that the remand order violates Articles 4 and 10-A of the Constitution. They […]
The breathtaking photo released by NASA has left social media users in awe of its flaming red colors and spider-like structure. Set against a starry sky, the image displays eye-catching orange waves of heated gas surrounding a luminous pinkish center that resembles the curved legs of a black widow spider. “The Red Spider Nebula harbors […]
Progress on the TAPI pipeline — running through Turkmenistan, Afghanistan, Pakistan, and India — has been repeatedly delayed because of security issues in conflict-ravaged Afghanistan. “From today the operations will start on Afghanistan’s soil,” Taliban government spokesman Zabihullah Mujahid said at the ceremony in comments broadcast by Afghan state television. At the border ceremony in […]
Washington and Beijing have verbally sparred over China’s increasingly assertive approach in disputed maritime regions, including the South China Sea. In recent months, Chinese vessels have engaged in a series of high-profile confrontations with Philippine ships in the waters, which Beijing claims almost in their entirety despite an international court ruling that its assertion has […]
