The IEA slashed its forecast for world oil demand growth next year by more than 20%. Citing further downgrades to global growth expectations from major institutions. Saudi Arabia and the White House are at odds over the cartel’s plan to cut oil production by 2 million barrels per day, or around 2% of world oil … Read more
The International Monetary Fund (IMF) has warned that as the crisis in Ukraine drags on and prices rise, “the worst is yet to come” for the global economy. The organization, which aims to stabilize the global economy, has revised downward its estimates of economic growth as a result of Russia’s invasion of Ukraine. The UK … Read more
After days of widespread unrest, a fifth member of an Iranian volunteer paramilitary group was killed on Sunday Other Basij members have been killed in Qazvin, Tabriz, Mashhad, and Qouchan. The Basij is a paramilitary group affiliated with the potent Islamic Revolutionary Guard Corps (IRGC). After days of widespread unrest, a fifth member of an … Read more
Vilnius has restricted the transit of products sanctioned by the European Union across Lithuanian territory to and from Kaliningrad. Russia’s foreign ministry urged that Vilnius immediately reconsider what it called a “openly hostile” decision. Lithuania claimed it was only carrying out EU sanctions. On Monday, Russia warned NATO member Lithuania that unless cargo transportation to … Read more
CAIRO: The Arab League on Thursday warned that the ongoing border tension between Lebanon and Israel could get out of control. “The League voices concerns regarding the rising escalations at the Israeli-Lebanese borders,” the pan-Arab body said in a statement. Lebanon has been passing through a difficult time and couldn’t endure more tensions, it added, … Read more
Qualcomm is known as the largest chipmaker company in the world, now has warned that the company failed to meet the demand for chipsets in the market. “The shortage in the semiconductor industry is across the board,” said incoming Chief Executive Officer Cristiano Amon. It seems difficult for Qualcomm to urgently solve this issue of … Read more
Amid the coronavirus outbreak in France, the French Police threatening to stop enforcing the country’s lockdown after furious police unions said there is a lack of protective clothing. French police unions have all come together and have warned the French President, unless the police receive protective clothing, they will refuse to enforce the nationwide lockdown. The … Read more
Chief Justice Pakistan Justice Gulzar Ahmed CJP warns of giving contempt of court notices to Prime Minister and Chief Minister if Circular Railway track in Karachi not operational within six months. During the hearing at Karachi registry, CJP warns of issuing contempt of court notices to Prime Minister (PM) Imran Khan and Chief Minister of … Read more
Donald Trump warns to launch heavy sanctions on Iraq after the parliament votes to ban the American forces’ presence in the country. Speaking to reporters on Air Force One , the Donald Trump warns and said Iraq would face heavy sanctions. His comments came as tensions spiraling between Tehran and Washington over US assassination of Major … Read more
