The third King Charles in British history will give up his previous title of Prince of Wales and become known simply as the next king. Prince William, his eldest son, is anticipated to inherit it. A male heir apparent is often granted the title of Prince of Wales. In the wake of Queen Elizabeth’s passing, … Read more
Oil headed for its biggest weekly percentage drops in a month Biden begins sensitive Saudi trip U.S. oil rig count inches up by two this week – Baker Hughes The most recent price collapse will have considerably undermined (Biden’s) case, according to oil broker PVM’s Stephen Brennock. The U.S. oil rig count, a leading predictor … Read more
Energy is at the heart of a financial fight between Russia and the West over Ukraine. “This is another aspect,” Habeck said. “This methodology can’t be permitted to succeed.” Germany Economy Minister Habeck said diminished supplies added to monetary assault and part of Russian President Putin’s arrangement. The EU depended on Russia for as much … Read more
Nine nuclear powers had 12,705 nuclear warheads in early 2022. Risk of nuclear escalation is now at its highest point in post-Cold War period. Russia remains the biggest nuclear power, with 5,977 warheads in early 2022. According to analysts, the number of nuclear weapons in the globe is projected to climb in the coming decade … Read more
KARACHI: The Pakistan Meteorological Department has predicted rain with thunderstorm, dust and sand along gusty winds is expected in Islamabad, upper and central Punjab, Khyber-Pakhtunkhwa, north Balochistan, Gilgit-Baltistan and Kashmir, while snow is expected over the hills during the next twelve hours. Hailstorm is also expected at isolated places during the period. Cold and dry … Read more
NEW YORK: American digital company BuzzFeed, known for its viral content and journalism, will go public on Monday after it initially raised less money than expected. In a press release Friday, BuzzFeed said it had finalised a merger with 890 5th Avenue Partners, a special purpose acquisition company (SPAC), which aims to raise funds through … Read more
KARACHI: Fund managers and corporates believe the rupee may depreciate further to make a new low and significant rise in the key policy rate is expected by the end of 2022. This was disclosed in a poll of fund managers and corporates conducted by the Topline Securities. Most of the fund managers and corporates expect … Read more
DHAHRAN: Aramco’s CEO is optimistic about oil demand growth next year, despite fears over the new Covid-19 variant omicron, Arab News reported. The oil demand will be over 100 million barrels/day in 2022, reaching the pre-Covid-19 levels, Amin Nasser told Arab News during a media briefing at the company’s headquarters. On the Covid-19’s new strain, he said: “The markets … Read more
ISLAMABAD: The Free Trade Agreement (FTA) between Pakistan and Thailand is expected to be finalised by the end of the current year, a diplomat said. The process of dialogue between the two countries has been slowing down during the Covid-19 pandemic period, Ambassador of Thailand to Pakistan Chakkrid Krachaiwong said. The first idea for an … Read more
RIYADH: Emirati banks’ assets are expected to grow 8 per cent in 2022, the head of the UAE Banks Federation Abdul Aziz Al Ghurair told Al Arabiya. The UAE’s economy will grow next year by 5 per cent and the return of tourism activity will support the growth of assets to this level, he said. The … Read more
