Category: Business

Investment in solar power is expected to overtake oil for the first time this year as clean energy spending outpaces that for fossil fuels, the International Energy Agency (IEA) said in a report yesterday. While that is a welcome development, warned the IEA that investment in fossil fuels is rising when it should be falling […]

PM assures all possible cooperation of Pakistan’s govt for development of AJK. ISLAMABAD:Chief of Army Staff (COAS) Gener­al Asim Munir and Director General (DG) Inter-Services Intelligence (ISI) Lieutenant General Nadeem Anjum on Tuesday called on Prime Minis­ter Shehbaz Sharif and discussed is­sues related to national security in the country. During the meeting which took place […]

Richard Branson’s Virgin Orbit Holdings (VORB.O) filed for Chapter 11 bankruptcy on Tuesday after the satellite launch company failed to secure the long-term funding needed to help it recover from a January rocket failure. The Long Beach, California-based company lodged the filing in the U.S. Bankruptcy Court for the District of Delaware seeking a sale […]

President Joe Biden on Monday reassured Americans that their banking system is safe in the wake of the sudden collapse of SVB and the federal takeover of a second bank. “Americans can have confidence that the banking system is safe. Your deposits will be there when you need them,” he said in televised remarks from […]

Srinagar: For a change, wazwan will now tease the tastebuds of visitors at the 51st Rose Festival in Chandigarh. The fest is all set to take off on February 17. It will continue till February 19 at Zakir Rose Garden, Chandigarh. Organizers have chosen Kashmiri Wazwan as one of the prime food stalls in the […]

India TV reports: Air India-Airbus deal: UK Prime Minister Rishi Sunak hailed a momentous deal for Airbus and Rolls-Royce to provide new aircraft for Air India, which is worth billions of pounds to the country. The agreement announced by the companies on Tuesday will support and create new highly skilled jobs in Wales and Derbyshire, […]

The market rout suffered by Indian tycoon Gautam Adani is the latest corporate scandal to plague one of the world’s largest economies despite Prime Minister Narendra Modi’s efforts to root out corruption. Properly investigating the claims of fraud that triggered the sell-off in Adani’s companies will be a key test for “India Inc” as the […]

Oil prices opened mixed in early Asian trade on Thursday as investors balanced caution over tightening supply against lower demand projections. Brent crude futures for December settlement fell 28 cents, or 0.3%, to $92.13 a barrel by 0010 GMT. U.S. West Texas Intermediate crude for November delivery (WTI) , which expires on Thursday, rose 34 […]

OPEC+ has agreed its deepest cuts to oil production since the coronavirus pandemic, curbing supply in an already tight market despite pressure from the United States and others to pump more. In a statement after a meeting in Vienna on Wednesday, the global cartel of oil-producing countries announced it would produce 2m barrels less a […]