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Economy
Pakistan seeks $10 billion fund from US after mediating Iran talks, sources say
Pakistan has asked the United States for a $10 billion exchange stabilization facility, according to two sources briefed on the matter, which, if approved, could provide a lifeline for the cash-strapped South Asian economy. The request,…
Brent oil tops $90 as US, Iran intensify attacks in Middle East
Oil prices jumped 3% on Monday, with Brent surpassing $90 a barrel, as the United States and Iran expanded attacks in the Middle East that have curbed energy shipments in the Strait of Hormuz.
Brent crude futures climbed $2.69, or…
India and EU forge a strategic technology alliance on AI, chips, clean energy and trade
India-EU Trade and Technology Council ministerial meeting highlights progress on FTA and supply chain resilienceThe India–European Union relationship is entering a more consequential phase, moving beyond conventional trade diplomacy towards…
Samsung profits jump 1,800% as AI boom drives chip sales
South Korean technology giant Samsung Electronics says it expects to post a 19-fold jump in its profits, driven by global demand for artificial intelligence (AI) memory chips.
The company forecast that it made 89.4tn won (£43.6bn;…
US Dollar selling rate surpasses Rs. 342
The Sri Lankan Rupee has depreciated further against the US Dollar.
According to the daily exchange rate report issued by the Central Bank (CBSL) today (25), the buying rate of the US Dollar was recorded at Rs. 332.34, while the selling…
Gold edges higher as US-Iran peace deal eases rate hike concerns
Gold prices edged higher on Tuesday as a preliminary U.S.-Iran peace agreement eased concerns of rate hike by the Federal Reserve, while investors awaited further details on the deal. Spot gold was up 0.3% at $4,317.43 per ounce, and…
Oil prices climb more than $3 after Israeli strikes on Lebanon
Brent oil prices jumped more than $3 a barrel on Monday, initially spooked by Israel's launch of renewed strikes on Lebanon a day earlier, but also gaining further steam after sounds of explosions were heard in Iran. Sounds of blasts were…
Oil jumps as US and Iran disagree on peace proposal
Oil prices jumped $3 a barrel on Monday as the United States and Iran failed to agree to a peace proposal drafted by Washington while the Strait of Hormuz remained largely closed, keeping global energy supplies tight.
Brent crude futures…
Pakistan’s Petrol Shock: A Crisis the War Exposed, Not Created
Pakistan entered April with one of the steepest fuel price adjustments in its history. Petrol rose by Rs137 per litre, a 43 percent jump. High‑speed diesel surged by Rs184 per litre, or 55 percent, a single increase larger than the entire…
Oil prices jump as Strait of Hormuz standoff escalates
Crude oil prices rose in early trading Sunday.
The price of U.S. crude oil jumped 6.4% to $87.88 per barrel after trading resumed on the Chicago Mercantile Exchange.
The price of Brent crude, the international standard, climbed 6.5%…