General Motors raises the price of its Hummer EV pickup truck by $6,250 to $110,000. The increase comes as it seeks to mitigate higher commodity and shipping costs amid high demand for cars and trucks. The company has been able to offset $5 billion in higher supply chain costs by raising prices and cutting expenses, … Read more
LONDON – British consumer goods group Unilever on Thursday logged a rising net profit in 2021 but warned that soaring inflation would ramp up costs again this year. Profit after tax rose 8.4 percent to six billion euros ($6.9 billion) last year, Unilever said in a statement. The group, which has faced fierce criticism over … Read more
ISLAMABAD: The exports of leather gloves during the first five months of the fiscal year 2021/22 grew 11.81 per cent, compared to the exports of the commodity during the corresponding period of the last year. During the period from July-November 2021, leather gloves worth $119,516 were exported, compared with the exports of $106,890 during the … Read more
ISLAMABAD: Pakistan Peoples Party (PPP) Vice-President Sherry Rehman on Monday said prices of commodities were being raised on a weekly basis in the country. In a tweet, Sherry Rehman said after the announcement of the mini-budget, inflation would further intensify. Read more: Gas crisis will continue till summer due to govt’s mismanagement: Sherry Rehman “In … Read more
BEIJING: Manufacturing activity in China edged up in December, official data showed Friday, beating expectations as the price of commodities eased and despite sporadic closures due to Covid outbreaks. The Purchasing Managers’ Index (PMI), a key gauge of manufacturing activity, in the world’s second biggest economy rose to 50.3, remaining above the 50-point mark separating growth … Read more
ISLAMABAD: The Oil and Gas Regulatory Authority (Ogra) has requested the provinces to take strict action against liquefied petroleum gas (LPG) profiteers with the help of their local administrations. The authority said it has been observed that some of the LPG retailers are selling the commodity at higher prices against the authority’s notified prices. In … Read more
