World Trade Organization WTO chief Ngozi Okonjo-Iweala expresses cautious optimism that trade ministers will achieve one or two global deals. The director-general from Nigeria said the world had changed since the last ministerial conference nearly five years ago. She listed the war in Ukraine and major food and energy crises as pieces of a “polycrisis”. … Read more
Thousands of South Korean truckers were on strike for a sixth day on Sunday, protesting over pay as fuel costs surge. The protests disrupted production, disrupted port operations, and posed new risks to the global supply chain. Great many South Korean drivers were protesting for a 6th day on Sunday, fighting over pay as fuel … Read more
Disney, Sony, and Reliance are in contention for media rights to the IPL. The bidding war could fetch the Indian cricket board up to $6 billion. The offering battle for media freedoms to the Indian Premier League (IPL) will progress forward with Monday with Disney (DIS.N), Sony (6758.T), and India’s Reliance (RELI.NS)in conflict for what … Read more
Loretta Rogers served as a corporate director for over fifty years and was the wife of company’s late founder Ted Rogers. Edward Rogers, the only son of Ted said, the family was profoundly saddened by their mother’s passing. She died on Saturday at the age of 83. Rogers Communications Inc’s (RCIb.TO) Loretta Rogers who filled … Read more
Saudi Telecom’s board has proposed increasing the company’s share capital by $8 billion, or 150%, driving the share price nearly 10% higher. The proposed capital increase would involve issuing 30 billion new shares, with shareholders offering 1.5 new shares for each share owned. Saudi Telecom (7010.SE) said on Sunday its board had proposed expanding the … Read more
McDonald’s restaurants flung open their doors in Moscow under new Russian ownership in Russia. Rebranded outlets rebranded as Vkusno & tochka, which means Tasty and that’s it. Reopens took place on Russia Day, a national holiday celebrating national pride. It could look and smell like McDonald’s nevertheless now it’s Vkusno and tochka. The brilliant curves … Read more
President ICCI Muhammad Shakeel Munir said that the budget has taken some good steps which are commendable. A full reaction on the budget will be given after its detailed review. He said the introduction of the ADRC system was a welcome step for better resolution of tax disputes. The tax threshold for proprietors and AOPs … Read more
The Organisation for Economic Co-operation and Development (OECD) slashed its 2022 growth forecast and projected higher inflation. The Paris-based organisation, which represents 38 most developed countries, is the latest institution to predict lower GDP growth due to the Ukraine conflict. The OECD has cautioned that the world economy will pay a “powerful value” for Russia’s … Read more
Starbucks CEO Howard Schultz spoke at The New York Times’ DealBook policy forum. He said he’s done “everything” to get employees to come back to the office. However, they’re not returning “at the level” he wants, he said. In spite of doing “everything” to get workers to return to the workplace, Starbucks CEO Howard Schultz … Read more
Iranian supreme leader says the allies will continue to resist pressure from Washington. The signing ceremony was overseen by Iranian President Ebrahim Raisi and Venezuela’s Nicolas Maduro. Iran and Venezuela are grappling with crippling U.S. sanctions against their oil-reliant economies. Iran and Venezuela, oil makers wrestling with devastating U.S. sanctions, marked a 20-year collaboration plan … Read more
Biden: Inflation “will come down gradually, but we’re going to live with it for a while”. Comments were made at an event hosted by billionaire media magnate Haim Saban. ‘Midterm elections are on Nov. 8, and control of Congress is on the line. President Joe Biden advised that U.S. expansion could endure “for some time” … Read more
The overseas Pakistani workers’ remittances grew by 6.3 percent in 11 months (Jul-May) of current fiscal year to $28.4 billion against inflows of $26.7 billion in same period of previous year. Remittances’ inflows during May 2022 were mainly sourced from Saudi Arabia ($541.9 million), United Arab Emirates ($435m), United Kingdom ($354m) and the United States … Read more
The decision is being implemented under the Green Khyber Pakhtunkhwa initiative of the provincial government. Initially, three economic zones would be shifted to solar energy. In the future, the capacity of the solar energy plants would be further upgraded to cater to the energy demands of the industrial units. The initiative will help in the … Read more
The Dow closes down 880 points for the day, or 2.5%. The S&P 500 shed 2.7% and the Nasdaq dropped about 3%. The May consumer price index rose 8.6% year-over-year, its highest level since 1981. The Dow (INDU) plunged after a key expansion report missed gauges and showed a higher-than-expected expansion in the cost of … Read more
UberFacts says Snoop Dogg’s full-time blunt roller makes between $40,000 to $50,000 a year. The rapper tweeted that the worker’s salaries went up. In 2021, Snoop said he has 81 smoke breaks a day on Reddit. On Tuesday, the rapper tweeted that even his expert obtuse roller received a pay increase. “Expansion,” Snoop Dogg tweeted … Read more
A Nevada woman has lost her bid in a US court to force Cristiano Ronaldo to pay millions of dollars. The woman claimed he raped her in Las Vegas in 2009. U.S. District Judge Jennifer Dorsey kicked the case out of court for bad-faith conduct A Nevada lady has lost her bid in a US … Read more
The national average price for regular unleaded gas rose to $5.004 a gallon on June 11 from $4.986 a day earlier. High gas prices are a headache for President Joe Biden and congressional Democrats ahead of the midterms in the U.S. The cost of U.S. gas found the middle value of more than $5 a … Read more
Dave Thomas wanted to name his restaurant after one of his five children. But none of his kids’ names fit the nostalgic, family-values persona he wanted to create. He wanted to target the wealthier Baby Boomer generation who weren’t satisfied with burger chains geared to children. Dave Thomas, an effective Kentucky Fried Chicken establishment proprietor … Read more
