Serbia secures new gas deal with Russia on May 30, 2022Serbia, which has been trying to tread a delicate balancing act between East and West since Moscow invaded Ukraine, said Sunday it has secured a new long-term contract with Russia to ensure that it has sufficient gas supplies next winter. As energy prices soar across the globe, the exact terms of the deal — which […]
Pakistan exports to Italy increase 35pc to $856m in 10 months on May 29, 2022Pakistani export to Italy witnessed an increase of 35.75pc during the first ten months of fiscal year (2021-22) as compared to the corresponding period of last year. The overall exports to Italy were recorded at $856.711m during July-April (2021-22) against exports of $631.094m during July-April (2020-21), showing growth of 35.75pc, according to State Bank of […]
Gangs, inflation and political crisis bring Haiti economy close to collapse on May 29, 2022With gas sales already subsidized by the government at a loss, the Haitian economy — fragile from incessant crime and political instability — appears close to collapse as the war in Ukraine sends fuel prices soaring. The global surge in fuel costs comes at the worst possible time for Haitian authorities: Last December, they had […]
Training on ‘Pathways for Industrial Decarbonisation in Belt and Road Countries’ from June 8-9 on May 28, 2022BTBU– ECOSF Joint Training Centre has planned to host its 5th training program on “Pathways for Industrial Decarbonisation for the Belt and Road Countries” from June 8-9. Beijing Technology and Business University (BTBU) is a public comprehensive university in Beijing, China while ECO Science Foundation (ECOSF) a specialized agency of the ECO for promotion of […]
Qatar Airways, Airbus want billion dollar paintwork battle settled out of court on May 28, 2022Qatar Airways and Airbus both said they wanted to settle a bitter billion-dollar dispute out of court after the latest hearing Thursday in which each side claimed victory. The airline and leading plane maker have been fighting in the British courts for months over peeling paint on 23 A350 jets, which have been grounded. A […]
Gold slips to Rs120,200 per 10g on May 27, 2022Gold futures extended the overnight retracement slide from over a two-week high and witnessed selling for the second successive day on Thursday despite a weaker US dollar. As of 1225 hours GMT, gold in the international market was available at $1,845.60 per ounce, shedding $8.60 (-0.46 percent). Out of the $8.60 per ounce decrease, +$1.10 […]
Gold rises to Rs120,600 per 10g on May 26, 2022Gold futures snapped a six-day winning streak in a volatile session on Wednesday and retreated after hitting the two-week highs of $1,870 during the session. As of 1335 hours GMT, gold in the international market was available at $1,852.50 per ounce, shedding $13.90 (-0.74 percent). Out of the $13.90 per ounce decrease, -$8.20 was due […]
Gold price slips to Rs120,400 per 10g on May 25, 2022Gold futures continued their winning streak for the sixth successive session on Tuesday amid falling treasury bond yields. As of 1235 hours GMT, gold in the international market was available at $1,854.90 per ounce, gaining $1.40 (+0.08 percent). Out of the $1.40 per ounce increase, -$0.35 was due to strengthening of the US dollar and […]
Gold price rises to Rs121,400 per 10g on May 24, 2022Gold extended its consolidative price move for the fifth successive session on Monday and hit its highest level in two weeks amid a weaker US dollar; however, the benchmark 10-year US Treasury bond yield surged more than 1 percent, limiting gold’s upside. As of 1340 hours GMT, gold in the international market was available at […]
Bitcoin reaches $30,554 as cryptos start week on positive note on May 24, 2022The cryptocurrency market turned positive on Monday, making another attempt to jump out of the current slump, with market capitalisation gaining 1.5 percent to reach $1.37 trillion. As of 1130 hours GMT, the largest cryptocurrency Bitcoin’s (BTC) price reached $30,554 with a gain of 1.2 percent. With this increase in price, the market capitalisation of […]