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Elon Musk once again becomes richest person in 2023, amassing total of $92 billion
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[ad_1] SpaceX owner and Tesla CEO Elon Musk poses as he arrives on the red carpet for the Axel Springer Awards ceremony in Berlin on December 1, 2020. — AFP Elon Musk becomes the wealthiest person in the world once again with an astounding $92 billion in revenues so far in 2023, defeating other billionaires.…
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China’s emissions to surpass 4 billion MT | The Express Tribune
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[ad_1] COLORADO: China’s power sector emissions of carbon dioxide (CO2) and equivalent gases will surpass 4 billion metric tonnes for the first time in a calendar year in 2023, as the country cranks up coal-fired electricity output to new highs. China’s total emissions from fossil fuel-powered electricity generation hit 3.99 billion tonnes through October, marking…
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Energy imports drop 13% to $1.42 billion in Nov | The Express Tribune
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[ad_1] KARACHI: Pakistan experienced a 13% decline in overall energy imports, reaching $1.42 billion in November 2023, shedding light on subdued demand for petroleum, oil, and gas products. Economic activities remained lacklustre due to sluggish growth, and the recent surge in product prices has hampered purchasing power across various sectors. The diminishing demand for products,…
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Aon to purchase NFP for $13.4 billion
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[ad_1] An image of the outside of Aon office. — Aon An agreement has been reached for Aon plc to purchase NFP, a middle-market advisor for retirement plans, wealth manager, benefits consultant, and property and casualty broker. A total of $7 billion in cash and $6.4 billion in Aon shares would be used in the…
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Pakistan inks $1.2 billion loan agreement with ADB
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[ad_1] An image of the headquarters of the Asian Development Bank (ADB). — ADB website/File The Asian Development Bank (ADB) Wednesday confirmed that it has inked a $1.2 billion loan agreement with Pakistan. The agreement, signed on December 15, provisions budget funding and initiatives focused on domestic resource mobilisation and also features six projects aimed…
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Japan’s Nippon Steel to purchase US Steel Corp for $14.1 billion
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[ad_1] United States Steel Mon Valley Works Clairton Plant and Clairton Coke Works facility in Clairton Pennsylvania, Monday, September 11, 2023. — X/@thomasoneil Nippon Steel of Japan has agreed to purchase US Steel Corp for $14.1 billion, following the steelmaker’s rejection of an offer from its primary US rival, the firms announced on Monday. According…
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ECP gets over Rs17 billion in election funds
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[ad_1] A woman casts her vote in Pakistan’s general election at a polling station during the general election in Lahore, Pakistan, on July 25, 2018. — AFP ISLAMABAD: The federal government on Tuesday disbursed Rs17.4 billion to the Election Commission of Pakistan (ECP) only a day after the electoral body voiced concerns over the non-release…
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Saudi Arabia rolls over $3 billion deposit for another year
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[ad_1] — AFP/File In a major relief to the country’s economy, Saudi Arabia has rolled over $3 billion deposit with the State Bank of Pakistan (SBP) for another year. “The Saudi Fund for Development (SFD) on behalf of the Kingdom of Saudi Arabia has extended the term for the deposit of USD 3 billion maturing…
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Pakistan IT exports could reach up to $10 billion under new policy: minister
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[ad_1] Caretaker IT Minister Dr Umar Saif is addressing event at a local hotel in Islamabad on November 23, 2023. — Ministry of IT and Telecommunication Caretaker Minister for Information Technology and Telecommunications Dr Umar Saif has said Pakistan IT exports could reach up to $10 billion under the country’s first-ever IT Export Strategy. Speaking…
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China, Saudi Arabia sign 50 billion yuan currency swap agreement
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[ad_1] Saudi Crown Prince Mohammed bin Salman shakes hands with Chinese leader Xi Jinping during the China-Arab Summit in the Saudi capital Riyadh on Friday. — AFP A local currency exchange agreement has been inked by the Saudi Central Bank and the People’s Bank of China (PBC) in which the amount of the trade is…
