Paris :The International Energy Agency cut its world oil demand forecast for 2022 on Wednesday, warning that sanctions against Russia over its invasion of Ukraine could spark a global supply “shock”. “Faced with what could turn into the biggest supply crisis in decades, global energy markets are at a crossroads,” the IEA said in a […]
USA
US steps up aid to Ukraine
Kyiv :The United States will unveil a new round of security assistance to Ukraine Wednesday. A White House official said President Joe Biden will unveil another $800 million worth of military aid, expected to include more of the anti-tank and anti-aircraft missiles that have helped slow Russia’s three-week-old invasion to a crawl. The package will […]
“There is no link between events in Ukraine and Vienna talks” -Iran’s foreign minister
DUBAI – There is no link between current events in Ukraine and nuclear talks in Vienna, Iran’s foreign minister Hossein Amirabdollahian said on Tuesday during a news conference with his Russian counterpart in Moscow. Amirabdollahian added that Russia will stand next to Iran until the end of nuclear talks.
National Bank of Pakistan fined $50.4m by USA after Imran Khan’s visit of Russia
WASHINGTON: After the successful Russian visit of PM Imran Khan, the United States (US) authorities have imposed a fine of $50.4 million on the National Bank of Pakistan (NBP) for alleged anti-money laundering violations. According to details, the US Federal Reserve Board announced a $20.4 million penalty against the National Bank of Pakistan over alleged […]
USA, China and UK remain top 3 destinations of Pakistani exports during 6 months
ISLAMABAD: The United States of America (USA) remained the top export destination of Pakistani products during the first six months of the financial year (2021-22), followed by China and United Kingdom (UK). Total exports to the USA during July-December (2021-22) were recorded at US $3323.788 million against the exports of US $2277.228 million during July-December […]
US extends protection of Venezuelan oil unit Citgo
Washington: The US Treasury on Thursday extended by one year a rule that shields Citgo, a US-based unit of Venezuela’s state-owned oil company PDVSA, from being seized by creditors, the department said. The Houston-based company has been controlled by parties opposed to the government of President Nicolas Maduro since early 2019, when US sanctions against […]
Twitter permanently bans US representative’s personal account
Twitter Inc on Sunday said it permanently banned the personal account of Republican U.S. Representative Marjorie Taylor Greene for tweets that repeatedly violated the social media’s misinformation policy on COVID-19. Twitter has previously temporarily suspended Greene’s account, @mtgreenee. It has also labeled some of her tweets “misleading.” “Twitter is an enemy to America and can’t […]
Omicron and bad weather: US told to consider domestic flight vaccine; more planes grounded
SEATTLE: Rising COVID-19 cases, along with bad weather, caused airlines to cancel more than 1,000 flights on Monday, and the spread of the Omicron variant prompted the U.S. government’s top infectious disease expert to suggest the government consider mandating vaccines for domestic flights.Monday’s travel woes marked a fourth day of flight cancellations, capping a glum […]
US authorizes Pfizer oral COVID-19 treatment, first for at-home use
WASHINGTON: The United States on Wednesday authorized Pfizer Inc’s (PFE.N) antiviral COVID-19 pill for people ages 12 and older at risk of severe illness, the first oral and at-home treatment as well as a new tool against the fast-spreading Omicron variant. Pfizer’s antiviral regimen, Paxlovid, was nearly 90% effective in preventing hospitalizations and deaths in […]
US hits China with new trade curbs, sanctions over Uyghur rights
The United States on Thursday unleashed a volley of actions to censure China’s treatment of the Uyghur minority, with lawmakers voting to curb trade and new sanctions slapped on the world’s top consumer drone maker. The United States has ramped up pressure on China, with President Joe Biden’s administration a day earlier targeting producers of […]