India shelved plans to export 10 million tonnes of wheat last month after a barrage of alarming data. India is the world’s second-largest producer and consumer of grain. At least 19 countries have now banned food export restrictions since the Ukraine crisis hit global markets. The World Bank says the global food crisis is already … Read more
Oil prices rise as nations seek to address global crude oil and fuel supply tightness. OPEC+ agrees to boost output by 648,000 barrels a day in July and August. Official weekly estimates for U.S. oil inventories due on Thursday were delayed due to technical problems. Oil prices rose somewhat in early Asian exchange on Friday … Read more
Motor vehicle purchases declined amid rampant shortages, and record high gasoline prices pulled spending away from other goods. Data for April was revised lower to show sales increasing 0.7% instead of 0.9% as previously reported. Weak retail sales did not divert the Federal Reserve from its aggressive monetary policy tightening path. Sales at service stations … Read more
Brent crude futures were up 19 cents, or 0.2%, at $119.70 a barrel at 0050 GMT. The benchmark hit a three-month high of $120.99 on Monday. Higher output target by OPEC+ producers would ease tight supply. Oil costs crawled higher on Tuesday on expected request recuperation in China as it loosened up extreme COVID controls … Read more
According to accounts, a rising star in gravel and mountain bike racing who had flown to Austin, Texas, for a race this week was shot and died in her friend’s home on Wednesday. Anna Moriah Wilson, 25, known as “Mo,” was discovered by a friend with several gunshot wounds in an East Austin residence soon … Read more
Pakistan has urged the United Nations Alliance of Civilizations (UNAOC) to concentrate on combating the rising phenomenon of Islamophobia, which now forms part of far-right and neo-fascist parties’ manifestos. “We are witnessing the global resurgence in intolerance, discrimination, racism, negative stereotyping, and violence against persons, on the basis of religion or belief,” Ambassador Aamir Khan, … Read more
Karachi Administrator Murtaza Wahab on Monday urged the Karachittes to follow the coronavirus standard operating procedures (SOPs) as the government does not want to be strict due to rapidly rising Covid-19 cases. He was addressing the media in Karachi on Monday after attending the meeting of the coronavirus task force chaired by Sindh Chief Minister … Read more
CANBERRA: The Australian Capital Territory (ACT) on Tuesday morning recorded 30 new locally acquired cases of Covid-19, a new record number for the national capital, on the 12th full day of its lockdown. It takes the number of active cases associated with this outbreak in Canberra to 167, including four being treated in hospital. Among … Read more
