Month: April 2020

KARACHI: National Bank of Pakistan (NBP) has donated a sum of Rs. 20 million for rations distribution in Karachi through the Karachi Relief Trust (KRT). It is one of the many initiatives that NBP plans to take as part of its corporate social responsibility, says a Press release.This CSR initiative is mainly for the poor and less privileged segment of society that have been most affected due to the current COVID-19 lockdown situation. NBP’s donation will help over 6,500 deserving daily wage workers, who have not been able to earn…

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Coronavirus outbreak has forced nations under lockdowns restricting or putting a halt on transportation, agricultural as well as industrial activities across the globe. These measures are taken in order to contain the pandemic and save lives. Many necessary services have been halted leading to increasing discomfort to the populations, loss of jobs and work leading to economic difficulties for communities are other harsh realities which we face today due to the global pandemic of Covid19. In Pakistan more than 9000 people have been infected and at least 192 have lost…

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The world is clearly heading on the steep downward slope towards recession because of the COVID-19 pandemic. The duration of this recession and, very possibly, global depression will be heavily dependent on the longevity of this crisis. Also crucial to this war will be human endurance, decisive government policy and geopolitical relationships. Financial and housing markets are collapsing, with retirement and sovereign funds worldwide losing trillions of dollars. This is consistent with findings in the study, ‘The Power of Bad: The Negativity Bias in Australian Consumer Sentiment Announcements on Stock…

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Since German lignite fuels seven of the EU’s top ten pollutors, if the country is going to seriously reduce its emissions, it has to shut these polluters down—and fast. But given that coal fired plants provide roughly one third of Germany’s power, immediately closing them is not feasible. In addition, these coal plant complexes are a crucial part of regional economies in the lignite fields west of Cologne in the state of North-Rhine Westphalia and the Lusatian coal areas southeast of Berlin in Brandenburg and Saxony. With their operating days…

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Two publications this week came out with headlines that Warren Buffett predicted the current oil price crash. Both referenced a 2016 interview of Buffet for CNBC where, the publications claim, he had made his prediction. One of the publications also argued that Buffet might use his billions to bail out U.S. oil. But first, did he really predict the crash? Not if you take the time to watch the whole interview. What Buffett talks about in the 2016 interview is, plain and simple, the benefits and dangers of low oil…

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