Month: February 2020

Natural gas–the bridge fuel to our renewable future–is cleaner and cheaper than oil. If it’s the clearly green fuel and already widely used to generate power, why isn’t the whole world driving natural gas-powered cars in larger numbers? And can natural gas one day replace oil? Gas is so cheap right now that many producers are struggling to turn in a profit. Last year in the United States, gas prices actually went below zero on several occasions. There could hardly be a better time for a gas push, to use…

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UN Secretary General Antonio Guterres praised Pakistan’s efforts to achieve the Sustainable Development Goals but said we are in the battle for our lives. UN Secretary General Antonio Guterres praised Pakistan’s efforts to achieve the Sustainable Development Goals but said we are in the battle for our lives. But this is a battle that can be won, he said during a climate change conference in Islamabad. The SDPs are interlinked to end poverty and build kinds of societies that we’ll be proud to pass down to future generations, he said.…

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A Middle East operation of Pakistan’s largest bank displayed “significant irregularities” in dealings with politically exposed clients and screening some transactions, according to an inspection by the South Asian nation’s central bank that took place more than a year after the lender was shut out of the U.S. financial system. The findings are contained in a State Bank of Pakistan report, finalized in the first half of 2019, on Habib Bank Ltd.’s operations in the United Arab Emirates. The inspection was conducted after the Financial Action Task Force, a global watchdog…

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QUETTA: Enertech — a Kuwaiti shareholding company fully owned by National Technology Enterprises Company (NTEC) — provided a solar energy project with National Electric Power Regulatory Authority (NEPRA) in Balochistan by breaking record of providing lowest tariff of $3.76/kWh for its 500 MW project. According to a press release, the company provided lowest tariff determined for Independent Power Projects in the history of Pakistan. Enertech Chief Executive Officer Abdullah Al-Mutairi congratulated NEPRA, government of Balochistan — especially Chief Minister Jam Kamal — on achieving the breakthrough. The CEO hailed support of…

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Hong Kong (CNN Business)The small companies that drive China’s economy are worried about how much damage the novel coronavirus outbreak will cause. Without help or a reprieve from the disease, many may have only weeks to survive.While some larger companies are reopening their doors after weeks of lockdowns designed to contain the epidemic, small businesses often can’t comply with the strict health rules now required in many regions and many don’t have the option of letting employees work from home.A survey of 163 companies of all sizes across China found that less than half were able to…

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