Oil prices fall as recession fears trump tight supply
Oil prices fell on Monday, continuing last week’s losses. As concerns about slowing global economic growth overshadowed supply shortages. Brent crude futures were down 50 cents, or 0.44%, at $112.62 a barrel at 1429 GMT. The previous month’s prices fell 7.3% last week for their first weekly drop in five. U.S. West Texas Intermediate crude […]
Bitcoin slides below $20,000 to the lowest level in 18 months
Bitcoin fell more than 13% at one point on Saturday. The Bitcoin falls below the $20,000 level to its weakest level. The falling happened in 18 months. It has extended a drop in investor concerns about growing problems in the industry. Investors are concerned about the pullback of riskier assets. The digital currency sector hits, […]
The UK is closing in on the inflation rate with double digits
UK inflation likely hit a new four-decade high above 9% in May. Underscoring the challenge for the Bank of England as it threatens faster interest rate hikes in response. A week after rising U.S. consumer prices prompted the Federal Reserve’s accelerated 75 basis point rise. That amid spasms in global financial markets. The British data […]
Elon Musk’s SpaceX fires at least five over the critical letter
The Private Rocket Company named “SpaceX” fired at least five employees. Elon Musk fired SpaceX’s employees because they criticized him in an open letter. Letter urging executives to make the firm’s culture more inclusive, two people familiar with the matter said. The New York Times reported Thursday that SpaceX had fired employees associated with the […]
Nissan Juke Hybrid Model 2022
The Renault Nissan Alliance is well and alive. Renault Kadjar’s next replacement will be based on the Nissan Qashqai. Now Nissan benefits from Renault’s unusual E-Tech hybrid powertrain to electrify the Nissan Juke. Thus, the new Juke Hybrid is powered by a novel combination. That is essentially a four-speed unsynchronized dog box with a 48bhp […]
The Pakistani province works from home on Fridays to save energy
Pakistan’s the third-most populous country in the world. One of its provinces has decided to have a Friday work-from-home policy for its employees. in the latest in a series of decisions to save energy and avoid nationwide blackouts. The move has been announced to save fuel and electricity. it is said by Taimur Khan Jhagra, […]
Facebook’s biggest threat is the law
Meta Platforms Inc. has become a light stick for legal challenges in the United States. Challenges, from FTC’s antitrust case to shareholder lawsuits alleging the company misled investors. Last week, eight complaints has filed against the company across the United States. It includes allegations that young people who visit Instagram and Facebook committed suicide. They […]
Pakistan latest budget 2022-23 summary
Federal budget with the disbursement of Rs9.5tr presented Salaries of government employees increased by 15 percent, with no taxes on those earning up to Rs100,000/month Proposed subsidies for sugar and wheat flour Taxes will be increased on cars over 1,600cc Pensioners tax reduced to 5pc from 10pc Advance withholding of taxes to be collected from […]
How a British firm is revolutionizing electric cars
All electric motors, you might well think, are endearingly simple, sausage-shaped, cylindrical, and similar in efficiency and weight. They have few moving parts and are much smaller than the combustion engines they are busy replacing in the world’s cars. Official figures say they also make great use of energy, producing efficiency figures that are heading […]
Pakistan asks Qatar for more LNG to help reduce fuel shortages
Pakistan asks Qatar for more LNG to help reduce fuel shortages. The Pakistan is in talks to increase deliveries of Qatar’s liquefied natural gas (LNG). This is the South Asian nation’s latest effort to help ease a crippling fuel crisis. It was reported by Bloomberg on Tuesday. Qatar is the biggest LNG supplier of Pakistan. […]