Express
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Oil rises above $100 as supply concerns balance Ukraine talks | The Express Tribune
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[ad_1] LONDON: Oil rose above $100 a barrel in a volatile session on Wednesday, finding support from supply concerns and easing worries about slowing Chinese demand, while signs of progress in Russia-Ukraine peace talks limited gains. Three million barrels per day of Russian oil and products may not find their way to market beginning in…
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Meta fined for privacy law breaches | The Express Tribune
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[ad_1] DUBLIN: Ireland on Tuesday imposed a fine on Facebook parent company Meta for breaching EU data privacy laws, in the latest action in Europe against the business practices of US tech titans. The fine against the social media giant, which owns WhatsApp, Instagram and Facebook, amounted to a total of €17 million ($18.7 million)…
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BRI cooperation transforms economic landscape | The Express Tribune
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[ad_1] BEIJING: Cooperation with China under the framework of Belt and Road Initiative (BRI) “has transformed Pakistan’s economic landscape,” Pakistan’s Ambassador to China Moinul Haque said. In a recent interview with Xinhua, Haque spoke highly of the construction of the China-Pakistan Economic Corridor (CPEC), a flagship BRI project, saying it is “transformational” for his entire…
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Govt asked to raise funds through PSX | The Express Tribune
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[ad_1] KARACHI: The government should consider using the Pakistan Stock Exchange (PSX) to raise funds for national infrastructure schemes, suggested PSX CEO Farrukh H Khan. Speaking at the Karachi Press Club on Tuesday, he said that a large number of investors were interested in pouring money into government projects, however, they lacked access to proper…
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Rupee slides past 179 to a dollar | The Express Tribune
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[ad_1] KARACHI: The rupee continued to stay under pressure and fell to a historic low at Rs179.22 against the US dollar in the inter-bank market on Tuesday. According to the State Bank of Pakistan (SBP), the Pakistani rupee had closed at Rs178.98 against the dollar on Monday. A report of Arif Habib Limited stated that…
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Oil price rout brings sigh of relief | The Express Tribune
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[ad_1] KARACHI: Pakistan’s economic managers heaved a sigh of relief as global crude oil prices returned to below $100 a barrel on hopes of early resolution of the conflict between Russia and Ukraine, as the two countries are likely to reach a middle ground during the ongoing talks. West Texas Intermediate (WTI) crude oil dropped…
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ECC okays Rs11.7b grant for OMCs | The Express Tribune
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[ad_1] ISLAMABAD: The government on Tuesday approved another supplementary grant of Rs11.7 billion to offset the losses of oil marketing companies (OMCs) due to the prime minister’s decision to reduce petroleum product prices. Headed by Finance Minister Shaukat Tarin, the Economic Coordination Committee (ECC) of the cabinet withdrew an earlier decision to limit the Ramazan…
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Oil plunges over 7% on easing supply concerns | The Express Tribune
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[ad_1] NEW YORK: Oil prices tumbled more than 7% to their lowest in almost three weeks on Tuesday as supply disruption fears eased and surging Covid-19 cases in China spurred demand concerns. Brent futures fell $7.89, or 7.4%, to $99.01 a barrel by 11:51 AM EDT (1551 GMT), while US West Texas Intermediate (WTI) crude…
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Minister stresses farm mechanisation | The Express Tribune
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[ad_1] ISLAMABAD: The future of agriculture depends on mechanisation of the agriculture sector, underlined Federal Minister for National Food Security and Research Syed Fakhar Imam. At a ceremony to demonstrate the newly designed multi-crop precision planter, he added that sustainable agriculture would only be possible through a complete package of agricultural machinery. The minister stressed…
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Intel investment fuels EU chips race with Asia | The Express Tribune
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[ad_1] BERLIN: American chip-making giant Intel said on Tuesday it planned to invest tens of billions of euros in the European Union, as the continent seeks to reduce its reliance on semiconductors from Asia. The project to boost the entire production process, from the research of new technologies to the manufacturing and packaging of semiconductors,…
