Tue, 21-Oct-2025

OPEC continues to reduce production as the West tightens sanctions on Russian oil

Afghan-China

Just hours before fresh Western sanctions on Russian crude shipments take effect, OPEC and its allies voted on Sunday to maintain their current strategy of limiting oil production. A restriction on importing Russian oil by sea into Europe goes into effect, adding more uncertainty to the outlook for energy supply. The G7 countries, the European … Read more

Kim Kardashian continues to focus on her life despite Kanye West’s scandal

Kim Kardashian

The rapper, 45, was reportedly seen hanging out with Kim’s ex-boyfriend Ray J, 41, at a recent event, leaving The Kardashians star, 41, “sick to the stomach.” She doesn’t understand Ye’s “end game” and hopes he would move on now. She also believes Ye is acting disrespectfully. Kim Kardashian is attempting to control her emotions … Read more

Kwasi Kwarteng is under pressure as the sterling decline continues

Kwasi Kwarteng

The government’s stated position is that it makes no comments on market trends. On Monday morning, borrowing costs rose to their highest levels since August 2008. The Bank of England eventually increased interest rates to safeguard the value of the pound. The government’s stated position is that it makes no comments on market trends. The … Read more

Fed says supply snags hurting US growth but may be easing

WASHINGTON: The US economy continues to struggle with the supply issues that have pushed the prices higher in recent weeks, but there are signs the strains may be easing, the Federal Reserve said on Wednesday. Businesses in several areas of the country noted that “despite strong demand, growth was constrained by supply chain disruptions and labour … Read more

Saudi Arabia’s flight ban ends for six countries

RIYADH: Saudi Arabia’s ban on direct travel from a number of countries came to an end on Wednesday, as the country continues to relax travel restrictions caused by the pandemic, Arab News reported. Travellers from six countries including India, Egypt, Pakistan, Indonesia, Brazil and Vietnam can now arrive in the Kingdom without having to spend 14 days … Read more

Distributed generation continues on a steep growth trajectory

KARACHI: The National Electric Power Regulatory Authority (Nepra) has issued a total of 8,417 net-metering licences with the accumulated capacity of 146MW during FY21. The growth of distributed generation in Pakistan reveals a very steep positive trend line; from 1MW in 2016 to 3MW in 2017, 10MW in 2018 and then a sudden big jump … Read more

Greece wildfires continue, PM apologizes

Indonesia fire

ATHENS: Hundreds of firefighters were battling to control two massive wildfires in Greece on Wednesday, one raging for nine straight days, that have left hundreds homeless and caused incalculable damage. With the assistance of a huge multinational force, Greek fire crews were fighting to beat back blazes on the island of Evia and in the … Read more