Michael Rothman For the better part of two years, oil market volatility had at its center concerns linked to the coronavirus pandemic and, more specifically, negative impacts on global oil demand growth from isolating and containment measures. And 2020 saw the largest ever retrenchment in oil usage that eclipsed the previously worse contraction, which occurred […]
Read MoreRurika Imahashi Tokyo: Japan’s top automakers are gearing up to roll out electric versions of the lightweight kei minicars that are so popular with drivers in the country, accelerating the shift to greener transport in the world’s No. 3 economy. Nissan Motor and Mitsubishi Motors are leading the race to electrify the tiny, nippy cars […]
Read MoreMichael Rothman Climate change has been pushed to the forefront in most political arenas, and there is broad agreement that an evolution of energy use is in the long-term interest of our planet’s inhabitants. Who can argue with that? The issue, though like most all human challenges, is less about the desired end-result and more […]
Read MoreYasar Yakis The US State Department two weeks ago sent a document to the Department of International Economic Affairs at the Greek Foreign Ministry. It was about the Eastern Mediterranean (EastMed) gas pipeline project. Greek media was alarmed by its content. The document said that while Washington remained “committed to physically interconnecting the EastMed energy […]
Read MoreNewswire Holiday bookings have jumped with “notable increases” in trips planned for February half-term and Easter ahead of Covid travel tests being scrapped. Jet2 said bookings had increased by 30% on last week after the announcements that rules would be relaxed for people arriving in the UK. The rule changes mean fully-vaccinated people arriving in […]
Read MoreNewswire Tokyo: A record 327 day-care centers temporarily shut down in Japan this week as the coronavirus resurgence grips the country, the health ministry said, causing a headache for working parents. The number of such facilities suspending services as of last Thursday, excluding privately operated or locally licensed ones, increased fourfold in a week along […]
Read MoreChina Economic Net Islamabad: The China Power Hub Generation Company (Pvt) Ltd (CPHGC) this week received National Electric Power Regulatory Authority (NEPRA)’s Corporate Social Responsibility (CSR) Stalwart Award for supporting its CSR drive ‘Power with Prosperity.’ NEPRA Chairman Tauseef H Farooqi presented the plaque of appreciation to CPHGC Chief Executive Officer Ren Lihui here at […]
Read MoreMoscow: The European countries will not be able to receive gas, oil and metals from Russia in case Russia is disconnected from the SWIFT international payment system, Nikolay Zhuravlev, Vice Speaker of the Federation Council, said this week. The Federation Council is the upper house of the Russian parliament. Earlier, British Prime Minister Boris Johnson […]
Read MoreIslamabad: Prime Minister Imran Khan this week directed the authorities concerned to improve the performance of the national flag carrier Pakistan International Airlines (PIA). The prime minister, chairing a high-level meeting to discuss the matters pertaining to aviation, called for ensuring the provision of the best aviation services to the people. The prime minister also […]
Read MoreGwadar Pro Islamabad: Prime Minister Imran Khan this week told his aides that fertilizers from China will end shortage of urea in the country. Chairing a high-level meeting here to take stock of supply and demand of fertilizer, especially urea in the country, Prime Minister Imran Khan maintained there was no immediate shortage of fertilizers […]
Read MoreIslamabad: Minister for National Food Security Syed Fakhar Imam this week welcomed Iranian offer to waive off tariff on all agricultural exports to Iran and said that Pakistan has immense export potential in citrus fruits, rice, mangoes, onion, potatoes, fisheries and livestock. Speaking to Ambassador of the Islamic Republic of Iran to Pakistan Syed Mohammad […]
Read MoreAradhana Khowala We began the year with COVID-19 in its full fury and we’re ending it in angst with an incredibly contagious variant. Yet, as we enter 2022, I believe that we can move forward again: More inclusively, more sustainably, more mindfully, and with more well-founded hope than we have felt in the last two […]
Read MoreDing Gang The US President Joe Biden signed into law the Uyghur Forced Labor Prevention Act on December 23. There are two key points in this act. First, it shifts the burden of proof to companies from customs officials. Firms will need to proactively prove that their factories, and those of their suppliers, do not […]
Read MoreRome: The Italian luxury sports car manufacturer headquartered in Maranello, Italy, Ferrari has announced the firm is partnering with Velas Network AG, a firm that specializes in blockchain and non-fungible token (NFT) technology. On December 27, Ferrari the well known luxury sports car maker founded in 1939 by Enzo Ferrari revealed the firm is stepping […]
Read MoreGwadar Pro Islamabad: Pakistan and China this week launched the Pakistan-China Business Investment Forum (PCBIF) aimed at enhancing information exchange and promoting communication between businesses of the two countries, thereby opening up new avenues of cooperation. Prime Minister Imran Khan launched PCBIF which consists of 18 Chinese and 19 Pakistani companies to promote sustainable investment, […]
Read MoreNewswire Islamabad: The Chinese Embassy in Pakistan this week awarded the Pakistani staff for meritorious contributions towards the China-Pakistan Economic Corridor (CPEC). Pakistani Minister for Planning, Development & Special Initiatives Asad Umar, Special Assistant to Prime Minister on CPEC Affairs Khalid Mansoor, Director General of Department of International Affairs of NDRC of China Ying Xiong […]
Read MoreNewswire Tokyo: Japan’s industry ministry has said it will hold an auction on February 9 to sell about 100,000 kilolitres, or 628,980 barrels, of crude oil from its national reserve as a part of a US-led coordinated release of oil reserve to cool rising prices. The supply, to be taken from its Shibushi tank in […]
Read MoreNewswire Lahore: Member Parliament House of Commons UK Ms Anum Qaiser this week disclosed that the United Kingdom wants to increase bilateral trade with Pakistan from existing £3 billion to £10 billion to achieve mutually beneficial outcomes. Talking to chairman UK-Pakistan Business Council (UPBC) Mian Kashif Ashfaq, she said that improvement in bilateral trade and […]
Read MoreNewswire Islamabad: Italy’s Ambassador to Pakistan Andreas Ferrarese has said that Italy and Pakistan can cooperate more in the fashion industry. The Italian Envoy maintained that his country could share its expertise in the fashion industry in order to enable Pakistan meet global standards. Ambassador Ferrarese said an enormous scope of economic cooperation existed between […]
Read MoreNewswire Islamabad: Wada Mitsuhiro, newly appointed Japanese Ambassador to Pakistan met with Federal Minister for Industries and Production Khusro Bakhtyar this week. Federal Minister Khusro Bakhtyar welcomed Wada Mitsuhiro to Pakistan and exchanged views on matters of mutual interest with him during the meeting. While talking to Khusro Bakhtyar Wada Mitsuhiro said that Pakistan and […]
Read MoreDing Gang A recent eye-catching report in the US media said Shawmut, a US construction management firm, has launched a new N95 mask. The advertisement for this mask is even more concise: “Our N95 mask is made in the USA.” Since the outbreak of the COVID-19 pandemic, the US has imported a large number of […]
Read MoreDalia Al-Aqidi Democratic members of the US House of Representatives passed legislation last week to create a special envoy to combat Islamophobia worldwide. The bill was sponsored by Muslim Rep. Ilhan Omar, a Democrat from Minnesota, and her Jewish colleague Rep. Jan Schakowsky, a Democrat from Illinois. At first glance, the creation of this position […]
Read MoreMichael Rothman The short answer to the above question is “no.” In point of fact, an assessment of the underlying supply and demand fundamentals suggests that we are in a multiyear up-cycle for the oil market. At the center of this analysis stand two critical data considerations with the first being the stickiness of petroleum […]
Read MoreIslamabad: The Federal Ministry of Science and Technology this week drafted the National Hemp Policy and sent it to the federal cabinet for approval. Under the policy the federal government would award licenses to 100 companies to grow Hemp so that the country could join the billion-rupee international Hemp market, Federal Science and Technology Minister […]
Read MoreChina Economic Net Islamabad: Pakistani Federal Minister for Economic Affairs Omar Ayub Khan has assured Gilgit Baltistan Chief Minister Khalid Khursheed Khan that GB will be developed on par with the major Pakistani regions under the China-Pakistan Economic Corridor (CPEC) and the Pakistani government’s development plans. The two leaders also discussed priority areas and ongoing […]
Read MoreHu Xijin After reading the notification from China’s Central Economic Work Conference, I am more confident in the country’s economic situation. 2021 has been a difficult year for the entire world. The resurgence of the COVID-19 pandemic has to some extent impaired all major economies’ recovery plan. But China has undoubtedly done the best, especially […]
Read MoreDing Gang Washington is in a hurry of late. It has to contain China’s high-tech development on the one hand and is anxious to collect some so-called democratic countries to establish a “democratic front” against China on the other hand. It appears that the China policy of the Biden administration is not much different from […]
Read MoreIshtiaq Ahmad Through last week’s Summit for Democracy, President Joe Biden apparently sought to unite the world to rescue democracy, which is facing a critical crisis. Instead, the online event has set the world apart, with charges that its real intent was to contain China’s rise and seek US hegemony. By excluding almost half of […]
Read MoreGwadar Pro Islamabad: The Islamabad Institute of Conflict Resolution (IICR) this week organized an online conference titled ‘China-Pakistan Economic Corridor (CPEC) Intra-Regional Cooperation Beyond South Asia.” It was arranged to highlight and broaden the concept of CPEC in a broader aspect. The panelists included Dr Talat Shabbir, Director of Pakistan-China Study Centre, Naghmana Hashmi, Former […]
Read MoreGwadar Pro Islamabad: The Chinese embassy in Pakistan this week appreciated the Exhibition of the Chinese and Pakistani Students Art Works for celebrating the 70th anniversary of diplomatic relations between China and Pakistan. The inauguration was also attended by Pang Chunxue, minister-counselor of the Chinese Embassy to Pakistan and Xu Hengzhen, a senior official of […]
Read MoreNewswire Beijing: China and Russia pledged this week to strengthen bilateral energy cooperation to jointly uphold energy security as part of efforts to promote their comprehensive strategic partnership of coordination for the new era. President Xi Jinping and Russian President Vladimir Putin made the pledge in congratulatory messages delivered to the third China-Russia Energy Business […]
Read MoreGwadar Pro Lahore: President of Pakistan China Joint Chamber of Commerce and Industry (PCJCCI) Wang Zihai said this week that Pakistan can boost its gemstone exports to China. In his online address to PCJCCI’s Export Promotion Committee, Wang Zihai mentioned that Pakistan was the fifth largest country of gemstones reservoirs. “Pakistan can increase its exports […]
Read MoreDing Gang Soaring energy prices have led to serious inflation in the US, which shows, once again, that the US’ economic model is still under the traditional framework based on fossil energy. The energy transformation will experience a complicated and long process. The US is the world’s biggest economy, whose global strategy must take into […]
Read MoreKerry Boyd Anderson A draft of a new EU Strategic Compass was recently presented to senior European officials, with plans to approve a final version in the first half of 2022. The document seeks to help Europe better adapt to a changing global security environment. However, the EU’s foreign policy challenges run deep, including its […]
Read MoreHafed Al-Ghwell The story of the last barrel of oil has gained traction in recent years as nations across the world, including parts of the Middle East and North Africa, scramble to curb emissions and transform entire societies in order to avert a crisis resulting from a warming planet. It is a fascinating exercise to […]
Read MoreNewswire Islamabad: Italy’s Ambassador to Pakistan Andreas Ferrarese has said that gemstone industry in Gilgit Baltistan (GB) was of particular interest to him and his country. The envoy revealed that the government of Italy was considering establishing a training institute to promote the gems and jewelry and gemstone industry in GB. A meeting in this […]
Read MoreChina Economic Net Islamabad: Pakistan Railways (PR) this week signed a signed an agreement with a Chinese company for the implementation of an Artificial Intelligence (AI) based facilitation approach. Norinco (China North Industries Group Corporation) is all set to work on a project focused on enhancing passenger facilitation for the national railways, PR said in […]
Read MoreSenator Rehman Malik Pakistan is going through a bad patch of its history due to our inadequate economic policies which have created non-bearable heavy foreign and local loans leaving the country in a dangerous crisis. I was watching political developments in the country since last week, especially the slogans and speeches by the white-collar politicians […]
Read MoreTokyo: Japan’s ruling party and its coalition partner have agreed to offer a combined 100,000 Japanese yen ($882) worth of vouchers and cash payouts to children aged 18 or younger as part of the government’s stimulus package, Jiji news agency said. In a meeting of executives, the Liberal Democratic Party (LDP) and coalition partner Komeito […]
Read MoreNewswire Islamabad: Ulanbek Totuiaev, Ambassador of Kyrgyzstan said this week that the geostrategic location of his country offered great business opportunities to Pakistan while Pakistan was a gateway for Central Asian countries for better market access to outside world, therefore, Kyrgyzstan was keen to further promote economic cooperation with Pakistan to achieve mutually beneficial outcomes. […]
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