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ENERGY:Time will tell which one is out of sync: Is it a forward oil curve that yields 11% on an annualized basis for inv...
23/10/2021

ENERGY:

Time will tell which one is out of sync: Is it a forward oil curve that yields 11% on an annualized basis for investors, or is it a headline price of West Texas Intermediate crude near $83 a barrel?

Because if there’s one thing over which there’s growing consensus in the oil market, it’s that the forward curve is more reflective of $100-a-barrel oil than the current price.

The spread between the nearest two December contracts hit a premium of $10 a barrel this week. The only other time this century it has been so strong was in 2013. When more immediate prices are pricier than later ones, it is called backwardation and is normally viewed as a bullish indicator.

“Crude backwardation remains relentless,” said Keshav Lohiya, founder of Oilytics, noting that the last time spreads were this strong WTI was above $100. “Either structure is too pricey or flat price is undervalued, our guess is the latter.”

ENERGY:Brent oil dipped on Tuesday after topping $80 per barrel for the first time in nearly three years, as a five-day ...
02/10/2021

ENERGY:

Brent oil dipped on Tuesday after topping $80 per barrel for the first time in nearly three years, as a five-day rally ran out of steam with investors locking in profits.

Oil benchmark prices have been on a tear, with fuel demand growing and traders expecting major oil-producing nations will decide to keep supplies tight when the Organization of the Petroleum Exporting Countries (OPEC) meets next week.

Brent dipped 44 cents, or 0.6%, to $79.09 a barrel, after reaching its highest level since October 2018 at $80.75.

U.S. West Texas Intermediate (WTI) crude fell 16 cents, or 0.2%, to $75.29 a barrel, after hitting a session high of $76.67, highest since July.

BUSINESS:Nearly 70% of the world's soccer balls are made in the city of Sialkot, Pakistan.Sialkot is home to at least 1,...
28/09/2021

BUSINESS:

Nearly 70% of the world's soccer balls are made in the city of Sialkot, Pakistan.

Sialkot is home to at least 1,000 soccer ball factories that employ almost 60,000 people.

The demand for soccer balls has dropped dramatically during the pandemic, but a factory we visited has its sights on the 2022 World Cup.

At Bola Gema Pakistan's factory, workers are responsible for all aspects of a soccer ball's creation, from cutting and molding sheets of hot rubber to patching together the 20 hexagons and 12 pentagons that comprise a ball's exterior.

"The industry has been around for nearly a century, and that's why our perfection of skills is amazing," Lodhi said.

BUSINESS:Yum! Brands Inc has named Sabir Sami as global division chief executive officer of KFC effective January 1 2022...
24/09/2021

BUSINESS:

Yum! Brands Inc has named Sabir Sami as global division chief executive officer of KFC effective January 1 2022. Sami, presently managing director of KFC Asia, will succeed Tony Lowings who is stepping down as chief executive 2021-end.

In the new role, Sami will assume global responsibility for driving the brand strategy and performance of KFC, a statement released by Yum! Brands said.

ENERGY:LONDON, Sept 21 (Reuters) - OPEC and its allies struggled again to pump enough oil in August to meet global deman...
21/09/2021

ENERGY:

LONDON, Sept 21 (Reuters) - OPEC and its allies struggled again to pump enough oil in August to meet global demand as it recovers from the coronavirus pandemic, potentially adding to upward pressures on oil prices.

ASIA PACIFIC:Sept 21 - Indian officials said on Tuesday they had seized nearly three tonnes of he**in originating from A...
21/09/2021

ASIA PACIFIC:

Sept 21 - Indian officials said on Tuesday they had seized nearly three tonnes of he**in originating from Afghanistan worth an estimated 200 billion rupees ($2.72 billion) amid the chaos following last month's takeover of the country by the Taliban.

SPORTS:NEW DELHI, Sept 19 - India head coach Ravi Shastri said he will not seek an extension of his contract after his t...
19/09/2021

SPORTS:

NEW DELHI, Sept 19 - India head coach Ravi Shastri said he will not seek an extension of his contract after his tenure ends at the conclusion of the Twenty20 World Cup in the United Arab Emirates and Oman.

ENERGY:Crude oil prices jumped for the fourth week and rallied over 3 percent last week to settle at $75.35 per barrel o...
19/09/2021

ENERGY:

Crude oil prices jumped for the fourth week and rallied over 3 percent last week to settle at $75.35 per barrel on a higher demand outlook, a decline in US crude inventory and lower supply concern. The sentiments were also supported by comments from OPEC and IEA on global oil demand in the wake of economic rebound and pickup in vaccination.

Crude oil rose by $72.5, or 3.12 percent, during the week and jumped during three out of five trading sessions on the domestic bourse.

PAkISTAN:Federal Minister for Development, Planning, and Special Initiatives Asad Umar turned his guns on PML-N Vice-Pre...
19/09/2021

PAkISTAN:

Federal Minister for Development, Planning, and Special Initiatives Asad Umar turned his guns on PML-N Vice-President Maryam Nawaz after the latter had criticised Prime Minister Imran Khan for the Pakistan-New Zealand series cancellation.

"I will get green passport respect," Maryam Nawaz tweeted, hitting out at PM Imran Khan, hours after the New Zealand authorities had cancelled the tour citing a "security alert".

- "Enemies of Pakistan will be happy to read your statement," Umar tells Maryam.
- Maryam Nawaz had hit out at PM Imran after NZ authorities cancelled the tour.
- New Zealand authorities had cancelled the tour citing a "security alert".

SPORTS:West Indian cricketer Chris Gayle lit the internet on fire with his tweet "I'm going to Pakistan tomorrow", with ...
19/09/2021

SPORTS:

West Indian cricketer Chris Gayle lit the internet on fire with his tweet "I'm going to Pakistan tomorrow", with a huge number of Pakistani fans on Twitter lauding him for standing behind the country in its time of need.

The cricketer's statement soon became the top trend on Twitter in Pakistan.

The 41-year-old allrounder announced he was flying to Pakistan, also inviting others to accompany him to the cricket-crazy country.

"I’m going to Pakistan tomorrow, who coming with me?" Chris Gayle tweeted. The Pakistan Cricket Board retweeted his tweet.

PAKiSTAN:A Pakistan International Airline (PIA) carrying pilgrims landed in Damascus after 22 years, the airline's CEO s...
19/09/2021

PAKiSTAN:

A Pakistan International Airline (PIA) carrying pilgrims landed in Damascus after 22 years, the airline's CEO said on Saturday.

The CEO said that the resumption of flights “with an aim to promote religious tourism and restore relations with Syria in line with the vision of Imran Khanand Govt of Pakistan.”

PAKiSTAN:ISLAMABAD: Pakistan has recorded 2,580 new coronavirus infections during the last 24 hours, pushing the nationw...
19/09/2021

PAKiSTAN:

ISLAMABAD: Pakistan has recorded 2,580 new coronavirus infections during the last 24 hours, pushing the nationwide tally of the cases to 1,223,841, the National Command and Operation Centre’s (NCOC) data showed on Sunday morning.

With Sunday being the second consecutive day Pakistan reported a coronavirus positivity ratio below 5%, health authorities have pointed out a decline in COVID-19 cases across the country.

SPORTS:WELLINGTON, Sept 19 - New Zealand was warned of a "specific, credible threat" against its team, the country's cri...
19/09/2021

SPORTS:

WELLINGTON, Sept 19 - New Zealand was warned of a "specific, credible threat" against its team, the country's cricket board said on Sunday, elaborating on the rationale for abruptly abandoning the tour of Pakistan as the squad reached Dubai.

BUSINESS:BEIJING, Sept 19 - Chinese retailer Miniso Group (MNSO.N) will open a 'flagship' New York store and nearly doub...
19/09/2021

BUSINESS:

BEIJING, Sept 19 - Chinese retailer Miniso Group (MNSO.N) will open a 'flagship' New York store and nearly double its U.S. outlets this year, betting post-pandemic shoppers on a budget will snap up cheap but fun goods for homes and work like $10 soft toy cats and $4 staplers shaped like avocados.

UNiTED STATES:Mexico, Sept 19- U.S. authorities moved some 2,000 people to other immigration processing stations on Frid...
19/09/2021

UNiTED STATES:

Mexico, Sept 19- U.S. authorities moved some 2,000 people to other immigration processing stations on Friday from a Texas border town that has been overwhelmed by an influx of Haitian and other migrants, the Department of Homeland Security said on Saturday.

MIDDLE EAST:UNITED NATIONS, Sept 18 - U.S. Secretary of State Antony Blinken has no plans to meet with his new Iranian c...
19/09/2021

MIDDLE EAST:

UNITED NATIONS, Sept 18 - U.S. Secretary of State Antony Blinken has no plans to meet with his new Iranian counterpart next week at the annual gathering of world leaders at the United Nations in New York, U.S. Ambassador Linda Thomas-Greenfield said on Friday.

ENERGY:DUBAI, Sept 19 - Saudi Basic Industries, the world's fourth-biggest petrochemicals firm, said on Sunday its joint...
19/09/2021

ENERGY:

DUBAI, Sept 19 - Saudi Basic Industries, the world's fourth-biggest petrochemicals firm, said on Sunday its joint venture project with ExxonMobil in the U.S. Gulf Coast has started commissioning activities and preparing for an initial startup.

SPORTS:DUBAI, Sept 18 - More than four months after the COVID-19 outbreak halted the world's richest Twenty20 tournament...
19/09/2021

SPORTS:

DUBAI, Sept 18 - More than four months after the COVID-19 outbreak halted the world's richest Twenty20 tournament, the Indian Premier League resumes in Dubai on Sunday with a mouth-watering clash between the IPL's two most successful franchises -- Mumbai and Chennai.

BUSINESSTOKYO, Sept 18 - Leaders of the United States, Japan, India and Australia will agree to take steps to build secu...
19/09/2021

BUSINESS

TOKYO, Sept 18 - Leaders of the United States, Japan, India and Australia will agree to take steps to build secure semiconductor supply chains when they meet in Washington next week, the Nikkei business daily said on Saturday, citing a draft of the joint statement.

ASIA PACIFIC:Sept 18 - At least three people were killed and about 20 wounded in a series of blasts in the eastern Afgha...
19/09/2021

ASIA PACIFIC:

Sept 18 - At least three people were killed and about 20 wounded in a series of blasts in the eastern Afghan city of Jalalabad on Saturday, two sources in the city said.

BUSINESS:WASHINGTON, Sept 18 - The United States issued Iran-related sanctions targeting several Hong Kong-based Chinese...
19/09/2021

BUSINESS:

WASHINGTON, Sept 18 - The United States issued Iran-related sanctions targeting several Hong Kong-based Chinese entities, according to a notice posted on the U.S. Department of Treasury website on Friday.

ASIA PACIFIC:KUALA LUMPUR, Sept 18 - Malaysia on Saturday expressed concerns that Australia's plan to build nuclear-powe...
19/09/2021

ASIA PACIFIC:

KUALA LUMPUR, Sept 18 - Malaysia on Saturday expressed concerns that Australia's plan to build nuclear-powered submarines under a new pact with Britain and the United States could catalyze a nuclear arms race in the Indo-Pacific region.

AFGHANISTAN:Afghan schools will open for boys from Saturday, the new Taliban ministry of education said in a statement t...
19/09/2021

AFGHANISTAN:

Afghan schools will open for boys from Saturday, the new Taliban ministry of education said in a statement that gave no indication of when girls might be able to go back to their classes.

PAKISTAN:Islamabad: Pakistanis will now be able to apply for ID cards and sign up for bank services via their smartphone...
18/09/2021

PAKISTAN:

Islamabad: Pakistanis will now be able to apply for ID cards and sign up for bank services via their smartphones with the new biometric verification system launched by National Database and Registration Authority (NADRA).

NADRA Chairman Tariq Malik said the organisation’s goal is “to revamp Pakistan’s identification system into a robust citizen-centric system rolling out digital public goods.” He believes that technology that can’t empower ordinary people and enhance the state’s capacity to deliver on the social contract is meaningless.

PAKISTAN:Pak v NZ: Few days back, an article was published on ‘Sunday Guardian Live’ which described in detail that New ...
18/09/2021

PAKISTAN:

Pak v NZ: Few days back, an article was published on ‘Sunday Guardian Live’ which described in detail that New Zealand’s tour of Pakistan will be faced with security concerns.

The news outlet is based out of New Delhi, India, and the article titled ‘New Zealand cricket team may face terror attack in Pakistan’ is authored by Abhinandan Mishra.

The article mentioned that former Taliban commander, Ehsanullah Ehsan said that the Islamic State (IS) set-up in Pakistan is preparing for an attack on New Zealand players when they tour Pakistan.

PAKISTAN:Argentina has officially allocated $664 million in its next year’s budget for the acquisitions of 12 JF-17 Bloc...
18/09/2021

PAKISTAN:

Argentina has officially allocated $664 million in its next year’s budget for the acquisitions of 12 JF-17 Block-III fighter jets from Pakistan.

The 12 fighter jets will include 10 single-seater Block IIIs and 2 dual-seater Block IIIs, stated the details.

Previously in last December, it was first stated that Argentina was considering acquiring JF-17 Thunder aircraft from Pakistan to associate its defensive competencies.

PAKISTAN:Pakistan at present stands at the seventh position on the world ranking of mangrove forests as in the next two ...
18/09/2021

PAKISTAN:

Pakistan at present stands at the seventh position on the world ranking of mangrove forests as in the next two to three months our standing will further improve to the fourth or fifth position,” said Sindh Local Government Minister, Syed Nasir Hussain Shah, who in the recent past also held the portfolio of the Sindh Forest Department.

He said the Sindh Forest Department’s aggressive campaign to grow mangrove forests on the coastline of the province was like a revolution as earlier it had even clinched the world record by planting most number of mangrove plants in a single day.

He said that urban forestry campaign was also underway in Karachi in the areas of Lyari Expressway, Clifton and Shah Faisal Colony.

PAKISTAN:The Boris Johnson government on Friday announced that Pakistan will be one of eight countries who will be taken...
18/09/2021

PAKISTAN:

The Boris Johnson government on Friday announced that Pakistan will be one of eight countries who will be taken off the ‘red list’ from September 22, meeting a long-standing demand, while testing rules for double-jabbed arrivals will be relaxed from October 4.

Technology:BEIJING, Sept 17- Xpeng Heitech, a flying car startup backed by electric vehicle maker Xpeng Inc. said on Wed...
18/09/2021

Technology:

BEIJING, Sept 17- Xpeng Heitech, a flying car startup backed by electric vehicle maker Xpeng Inc. said on Wednesday that it would deliver flying cars to customers in 2024.

LIFESTYLE:LONDON, Sept 17- Hit Netflix comedy-drama "S*x Education" is back for a third series this week with lead chara...
18/09/2021

LIFESTYLE:

LONDON, Sept 17- Hit Netflix comedy-drama "S*x Education" is back for a third series this week with lead character Otis Milburn "sassier" than before thanks to a secret affair.

SPORTS:DUBAI, Sept 17- Australia's players will benefit from taking part in the Indian Premier League (IPL) when it resu...
18/09/2021

SPORTS:

DUBAI, Sept 17- Australia's players will benefit from taking part in the Indian Premier League (IPL) when it resumes in Dubai on Sunday and the experience will stand them in good stead for the Twenty20 World Cup in the United Arab Emirates, all-rounder Glenn Maxwell said.

HEALTH:WASHINGTON, Sept 17 - Big cats at the Smithsonian's National Zoo in Washington are on the mend after all of them ...
18/09/2021

HEALTH:

WASHINGTON, Sept 17 - Big cats at the Smithsonian's National Zoo in Washington are on the mend after all of them caught the coronavirus last week.

TECHNOLOGY:Sept 17 - Facebook Inc (FB.O) is rolling out new ways for businesses to find and chat with potential customer...
18/09/2021

TECHNOLOGY:

Sept 17 - Facebook Inc (FB.O) is rolling out new ways for businesses to find and chat with potential customers on its apps, the social media company said Thursday, as it seeks to become an online shopping destination.

FUTURE OF MONEY:Sept 17 - U.S. officials are examining possible insider trading and market manipulation at Binance, Bloo...
18/09/2021

FUTURE OF MONEY:

Sept 17 - U.S. officials are examining possible insider trading and market manipulation at Binance, Bloomberg News reported on Friday, potentially adding more heat to the cryptocurrency exchange that has become a target of regulatory scrutiny in many countries.

MIDDLE EAST:Sept 17 - Iran joined a rapidly expanding central Asian security body led by Russia and China on Friday, cal...
18/09/2021

MIDDLE EAST:

Sept 17 - Iran joined a rapidly expanding central Asian security body led by Russia and China on Friday, calling on the countries in the Shanghai Cooperation Organisation to help it form a mechanism to avert sanctions imposed by the West.

INDIA: NEW DELHI, Sept 17 - India has told China that their bilateral relations will only develop when both countries pu...
18/09/2021

INDIA:

NEW DELHI, Sept 17 - India has told China that their bilateral relations will only develop when both countries pull their troops back from a confrontation on their disputed Himalayan border, the Indian foreign minister said.

CHINA:BEIJING, Sept 17 - China's President Xi Jinping urged "relevant parties" in Afghanistan to eradicate terrorism and...
18/09/2021

CHINA:

BEIJING, Sept 17 - China's President Xi Jinping urged "relevant parties" in Afghanistan to eradicate terrorism and promised to provide more help to the war-torn nation, state news agency Xinhua said on Friday.

AFGHANISTAN:Sept 17 - Workers in the Afghan capital Kabul replaced signs for the country's women's ministry with those f...
18/09/2021

AFGHANISTAN:

Sept 17 - Workers in the Afghan capital Kabul replaced signs for the country's women's ministry with those for the Taliban's moral police on Friday, as female former employees of the department said they had been locked out of the building.

SPORTS:The New Zealand cricket team has called off its tour of Pakistan, minutes before the first match was due to begin...
17/09/2021

SPORTS:

The New Zealand cricket team has called off its tour of Pakistan, minutes before the first match was due to begin in the Pakistani city of Rawalpindi, citing security concerns, both country’s cricket boards say.

New Zealand’s team was due to take on Pakistan in its first match on Pakistani soil for 18 years in Rawalpindi on Friday.

Minutes before the scheduled start of play, however, New Zealand Cricket (NZC) – the sport’s national board in that country – issued a statement saying it was “abandoning” the tour due to government security alert.

17/09/2021

TECH WORLD:

Apple All New iPad Mini 6 Launched in Sep 14, 2021.

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