Day: March 20, 2020

Following a rally early on Friday supported by U.S. President Donald Trump suggesting he could intervene in the ongoing Saudi-Russia oil price war and by a flow of stimulus from governments to support their economies stricken by the coronavirus pandemic, oil prices resumed their slump on Friday. At 8:23 a.m. EDT on Friday, WTI Crude was rising 2.97 percent at $26.62, and Brent Crude was up 3.40 percent on the day at $31.25. But by 11:00am, WTI had sank to $25.02, with Brent falling to $30.13. Oil prices were set for a weekly drop of…

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TORONTO — Facedrive Inc. (“Facedrive”) (TSXV: FD), the first Canadian peer-to-peer, eco-friendly and socially responsible ride-sharing network, has entered into a Share Exchange Agreement to acquire 100% of HiRide Share Ltd (“HiRide”), a socially responsible ride-sharing and car-pooling app which shares Facedrive’s “people and planet first” principles. This is a strategic acquisition that will give Facedrive access to HiRide’s 20,000+ car-pooling network targeting the high-demand university and education markets with its completed AI engines, fully functional app and update releases in the pipeline. The acquisition comes amid the expansion of both companies…

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One might reasonably posit that when Crown Prince Mohammed bin Salman (MbS) signalled that Saudi Arabia was once again going to produce oil to the maximum to crash oil prices in a full-scale oil price war, Russian President Vladimir Putin probably fell off the horse he was riding bare-chested somewhere in Siberia because he was laughing so much. There is a phrase in Russian intelligence circles for clueless people that are ruthlessly used without their knowledge in covert operations, which is ‘a useful idiot’, and it is hard to think…

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The Pakhtunkhwa Energy Development Organization(PEDO) will introduce information technology-based modern monitoring system to ensure quality and timely completion of its ongoing energy projects in the province. Giving briefing the 44th meeting of board of directors of the organization Chief Executive Pedo Engineer Naeem Khan said the PEDO would start e-biding and e-tendering process to ensure transparency in projects and its administration working. He said that organization has taken several precautions to prevent spread of coronavirus and decided to send employees aged over 50 and those on surplus list would be sent for two week from next…

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Rethinking relations between the United States and Pakistan is certainly not easy, given the turbulence, acrimony, and mutual recrimination which afflicts this decades long bilateral engagement. Yet, given that both countries still need each other, albeit for different reasons, necessitates identification of mutually beneficial means whereby this relationship may be made less erratic and more positive. We have recently prepared a white paper, “Leveraging the Moment of Change: Pathways to a Sustainable US-Pakistan Relationship”, which is a consensus document signed by leading experts on Pakistan within Washington DC. This paper…

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