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Wednesday, November 13, 2024

Germany accepts ‘new normal’

High energy prices will become a new normal in Germany, Finance Minister Christian Lindner warned on Sunday.

Singapore economy grows more than expected in 2022

While the 3.8 percent on-year expansion was welcome, it was weighed by a 3.0 percent contraction in the key manufacturing sector in the final three months.

Türkiye announces huge natural gas reserves in Black sea

Türkiye’s natural gas reserves in the Black Sea now total 710 billion cubic meters, with a market value of $1 trillion, President Recep Tayyip Erdogan announced after a new deposit was discovered and a previous find was revised higher.

Vladimir Putin bans oil sales to ‘price cap’ states

President Vladimir Putin has signed a decree on retaliatory measures to the West’s price cap on Russian oil exports.

Tesla to run reduced output in Shanghai in January

Tesla will run production for 17 days in January between Jan. 3 to Jan. 19 and will stop electric vehicle output from Jan. 20 to Jan. 31 .

Russian Deputy Prime Minister says, Moscow is ready to resume gas supplies to Europe

Moscow is ready to resume gas supplies to Europe through the Yamal-Europe Pipeline, Russian Deputy Prime Minister Alexander Novak told state TASS news agency.

WTO called US ban on “Made in Hong Kong” label illegal

The United States is flouting international trade rules by labeling imports from Hong Kong as those from China, the World Trade Organization ruled Wednesday, an outcome that Washington rejects.

Elon Musk looking for a new CEO for Twitter

Twitter owner and CEO Elon Musk is looking for a new chief executive to lead the company after the platform’s users voted for him to resign, CNBC reported on Tuesday, citing its sources.

PM Shehbaz stresses connectivity with CARs in meeting with Tajik President

During a joint press stakeout with President of Tajikistan Emamoli Rahmon on Wednesday, Prime Minister Muhammad Shehbaz Sharif said that Pakistan wanted the establishment of energy, rail and road connectivity with CARs.

Joe Biden to visit the Arizona plant of TSMC

President Joe Biden is expected to visit Taiwan Semiconductor Manufacturing Company (TSMC) in Arizona on Tuesday.

Russia to provide fuel to Pakistan at discounted rates: Musadik Malik

Russia has agreed to sell crude to Pakistan at a reduced price, according to State Minister for Petroleum Musadik Malik.

Oil prices dropped to two-month lows

Oil prices dropped to near two-month lows on Monday, sliding around $1 a barrel, as supply fears receded while concerns over fuel demand from China and U.S. dollar strength weighed on prices.