The World’s Top Airline Stocks are in Asia Despite China’s Blockades
Asian airline stocks are by far the best performing among their global peers this year. These airlines are racking up gains as most of the region reopens for travel. China even sticks to its Covid-Zero strategy, imposing lockdowns and limiting travel. Airline stocks in Asia are the only gains in a Bloomberg indicator of global […]
Dollar Pain Spreads from Emerging to Developed Economies
Developed economies are taking a hit from dollar appreciation to multi-decade highs in ways once more familiar to their emerging-market peers. The dollar is driven by the Federal Reserve’s most aggressive tightening cycle in more than a generation. A stronger dollar pushes rival currencies lower and raises the cost of imported goods. The dollar also […]
iPhone XS Specifications and Price in Pakistan
Apple’s iPhone XS appears to be the true successor to last year’s wonderful smartphone, which was a game-changing phone for Apple’s home and the iPhone has switched planes for its new XS. Up to this point, we’ve heard a lot about the next generation of Apple’s iPhone. For the new Apple iPhone XS, 5.8-inch AMOLED […]
NASA Ready for Second Artemis Lunar Attempt
CAPE CANAVERAL, Fla. Ground crews at Kennedy Space Center prepared on Saturday for a second attempt to launch a rocket. It’s NASA’s towering next-generation lunar rocket. The debut flight was hoping to have remedied engineering problems. It thwarted the initial countdown five days earlier. The 32-story-high Space Launch System (SLS) rocket and its Orion capsule […]
Sri Lanka Deal with IMF for $2.9 Billion Loan
Sri Lanka has reached a staff-level agreement with the International Monetary Fund for a $2.9 billion loan. It would be a key step for the crisis-hit country to unlock more funds and restructure its debt. The Fund’s Extended Facility agreement will support Sri Lanka’s programs to restore macroeconomic stability and debt sustainability. The IMF added […]
Toyota to Invest $5.6 Billion in US and Japanese EV Battery Production
Toyota Motor Corp. has pledged to invest up to 730 billion yen. In other words, it’s about $5.6 billion, to boost electric car battery production in Japan and the US as consumer demand for cleaner transportation takes off globally. Battery production is expected to begin between 2024 and 2026, the world’s largest automaker said in […]
PKR Gains Almost Rs3 Against the Dollar in the Interbank Market
The PKR showed a strong recovery against the dollar in the interbank market on Tuesday, gaining Rs2.92 at 9:54 am. According to the Forex Association of Pakistan (FAP), the local currency was trading at Rs219 per dollar at the time after appreciating 1.31 percent. The rupee’s recovery comes after the International Monetary Fund’s (IMF) Executive […]
India Works to Avoid Rice Panic with a Brake on Exports
India has a possible crackdown on broken rice exports. It shows the world’s top carrier trying to thread the needle to cool domestic inflation without causing a global panic. The government is discussing restrictions on broken rice exports. The exports account for under 20% of the country’s overseas shipments. While such a move has the […]
Gas Prices in Asia Rise After the Maintenance of Russia Pipeline Sending Europe to a Record
Prices for Asian liquefied natural gas extended gains. Russia’s announcement of maintenance on a key pipeline to Europe will further restrict global supplies. Producers offered spot loads of LNG for the winter above $60 per million British thermal units on Monday, traders said. The japan-Korea Marker spot benchmark index fell 1.3% to $55.277 per million […]
The Rise of Saudi Arabia and This Time it’s Not Just About Oil
The more than 300 apartments in Abdulsalam Almajed’s new Riyadh complex sold in just one month for cash, without him having to advertise. This is Saudi Arabia, the world’s largest oil exporter. It’s no surprise that the housing market is red hot as revenues from a surge in energy prices flow through the economy. But […]