[ad_1] An OPEC flag is seen on the day of OPEC+ meeting in Vienna in Vienna, Austria October 5, 2022. — Reuters Fed’s Evans: close alignment on rate hikes.Dollar up ahead of inflation data this week.Aramco to keep full supplies to Asia in Nov despite OPEC+ cuts.NEW YORK: Oil prices edged lower on Monday as investors weighed economic storm clouds that could foreshadow a global recession, and erode fuel demand, against potentially tighter supply.Brent crude futures fell 69 cents, or 0.7%, to $97.23 a barrel by 1:11 p.m. EDT (1711 GMT). West Texas Intermediate crude declined by 36 cents, or 0.4%,…
Author: Web Desk
[ad_1] BRUSSELS: The European Commission unveiled a new online tool on Monday to help Ukrainians find a job as the bloc looks to extend its protection for those displaced by Russia’s invasion for another year. Some 4.2 million people who have arrived in the EU from Ukraine are covered by a system giving all those fleeing the conflict accommodation support, health care, education access and the right to enter the EU job market. European home affairs commissioner Ylva Johansson said this system needed to be extended by at least a year until March 2024, with those returning to Ukraine allowed…
[ad_1] Twitter will reportedly experiment with non-clickable hashtags for the platform, hindering its most helpful feature of finding more tweets related to specific topics with a hashtag. Jane Manchun Wong tweeted a screenshot of the experimental change on the platform, which didn’t include clickable hashtags except for branded hashtags which companies pay for in order to promote product marketing. Removing clickable hashtags from the platform could be a way for Twitter to monetize with paid promotion, Digital Trends reported. Chris Messina, the hashtag inventor, responded to the news with a GIF and “Not sure what this is for…” [ad_2]
[ad_1] A representational image of dollar stacks. — Reuters/FilePakistan has received additional external flow commitments worth $4bn from ADB, AIIB, UN, and World Bank.SBP chief assures market IMF programme is on track, central bank has fully complied with targets.Appreciation of Pakistani rupee was initially due to market’s sentimental reaction to change of finmin.KARACHI: Cash-strapped Pakistan has received additional external flows commitments worth $4 billion from international money lenders including, the Asian Development Bank (ADB), United Nations (UN), and the World Bank, among others.The State Bank of Pakistan (SBP) officials informed the analysts during the post-monetary policy committee meeting that Pakistan has received…
[ad_1] Meta’s popular messaging platform Whatsapp has doubled the number of participants in a group chat from 512 to 1,024. As spotted by WABetainfo, the new group chat limit will be implemented and available to all Android and iOS users. The new number cap is now visible at the upper-right corner of the screen, enabling users to select more participants to be added. The new limit will provide ease for businesses and organizations to coordinate between co-workers or clients. The update came right after WhatsApp increased group call participants to 32, along with a ‘Call Link’ feature to share group call…
[ad_1] A representational image of a digital stock board. — Reuters/FileLooming uncertainty dampened investor sentiment.KSE-100 index closes at 42,155.48 points.Shares of 341 companies were traded during the session.KARACHI: The Pakistan Stock Exchange (PSX) Tuesday reversed its uptrend as looming uncertainty dampened investor sentiment and they resorted to selling off their holdings in a volatile session.Trading kicked off with a jump and the market remained in the green zone during the first half of the session. However, selling pressure emerged in the second half as the index erased all gains and entered negative territory. A late-session buying spell wiped off some…
[ad_1] SINGAPORE: Coinbase, the largest crypto exchange in the United States, said it has received approval from Singapore’s central bank to offer payment services in the city-state. The in-principle approval, which the central bank started giving out to crypto firms last year, means individuals and institutions can use digital payment token services and the firms are regulated by the central bank under its Payment Services Act. Calling it a “significant milestone”, Coinbase said in a statement that it has been building up its presence in Singapore and currently had nearly 100 employees in the Southeast Asian state, with product engineers…
[ad_1] An aerial view shows the Yastreb (Hawk) land rig at Sakhalin-1’s Chaivo field, some 1,000 km (621 miles) north of Yuzhno Sakhalinsk October 10, 2006. — Reuters/File Petroleum minister says India maintains “healthy dialogue” with Russia.”We’ll look at what is the state of play and what’s on offer,” he adds.Says you have to survive the present for getting to green energy.HOUSTON: India maintains a “healthy dialogue” with Russia and will look at what is offered following an announced ownership revamp to the Sakhalin-1 oil and gas project, Petroleum Minister Hardeep Singh Puri told Reuters.Russia last week issued a decree allowing it…
[ad_1] India’s government will push Apple, Samsung and other mobile phone manufacturers to prioritise rolling out software upgrades to support 5G in the country, amid concerns that many of their models are not ready for the recently launched high-speed service. Prime Minister Narendra Modi launched 5G services on Oct. 1 amid much fanfare, with leading telecom operator Reliance Jio saying it would make the service available in four cities and rival Bharti Airtel in eight. Both companies said the service would be expanded next year. But Apple’s iPhone models, including the latest iPhone 14, and many of Samsung’s premier phones do not…
[ad_1] Semiconductor chips are seen on a circuit board of a computer in this illustration picture taken February 25, 2022.— ReutersShares in Chinese tech giants as well as in chipmakers slumped.China cut off from certain semiconductors made with US equipment.New regulations will pose major hurdles for Chinese memory chipmakers.Shares in Chinese tech giants Alibaba Group and Tencent as well as in chipmakers slumped on Monday, as investors were spooked by new US export control measures aimed at slowing Beijing’s technological and military advances.The Biden administration published a sweeping set of export controls on Friday, including a measure to cut China…