Blind British Pakistani singer moves millions to tears at Britain’s Got Talent show

LONDON: 14-year-old British Pakistani singer Sirine Jahangir moved millions of people to tears and won four yeses from the judges as she displayed her unique vocals at Britain’s Got Talent show on Saturday night and shared with the audience and judges how she completely lost sight in both eyes but never gave up on life and her passion for music. The four Britain’s Got Talent (BGT) judges Simon Cowell, Alesha Dixon, Amanda Holden and David Walliams unanimously gave yeses to Sirine. Appearing on the stage, she told the judges: “It’s…

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Uber’s CEO told employees that he hopes but doesn’t promise the company is done with layoffs in the future

As Uber embarks on another round of layoffs, CEO Dara Khosrowshahi signaled that the company may be able to avoid more job cuts in the future, but said he can’t make any promises. The company, which has seen its revenue dip by up to 80% amid the COVID-19 pandemic, moved forward with plans to lay off 3,000 workers this week, Business Insider first reported. Those bring the company’s total job cuts to 6,700 this month — roughly a quarter of its global workforce. In a grim email to staff Monday,…

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For first time in eight years, PIA records annual hike in revenue by 43%

The Pakistan International Airlines recorded an increase in revenue by 43% in the past year, according to an annual report compiled under the new CEO Air Marshal Arshad Malik, who resumed charge in March this year. The report pertaining to the complete results of the national air carrier was submitted to the Pakistan Stock Exchange today. In the report mentioned that the PIA increased its annual revenue in 2019 from Rs104 billion to Rs148 billion. The increase in revenue brought to the fore the fact that the national airline recorded…

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Renewable energy investors increasingly look to UK, says report

The UK has become more attractive to renewable energy investors following the government’s decision to lift its block on financial support for onshore wind and solar projects. New renewable energy capacity hit record levels in 2019Read moreBritain has climbed the rankings of a biannual global survey of investors to take the sixth spot in EY’s “attractiveness index” for renewable energy ahead of a major clean energy auction next year. The auditing giant said the government’s decision to include onshore wind and solar energy projects in the auction had helped the…

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The man who bought 60,000 oil and gas wells

The BBC’s weekly The Boss series profiles different business leaders from around the world. This week we speak to Rusty Hutson Jr, founder and chief executive of US energy firm Diversified Gas & Oil (DGO). In the end, Rusty Hutson Jr couldn’t escape the calling of the family trade. Born and raised in a blue-collar household in the oil and gas fields of West Virginia, his father, grandfather, and great-grandfather all earned their livings in the energy sector. They worked at the wells, and on the pipelines, putting in a…

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KE announces further relief for small businesses

KARACHI: In continuation of earlier relief measures on account of the COVID-19 crisis, K-Electric (KE) is facilitating Small and Medium Enterprises (SMEs) through pre-paid electricity bills under the “Chota Karobar-o-Sannat Imadadi package” announced by the Federal Government. Under the package, eligible commercial customers with sanctioned load up to 5kW and industrial consumers with sanctioned load up to 70kW will receive a maximum subsidy of up to Rs. 100,000 and Rs. 450,000 in their electricity bills which can be utilized in six month starting from May, 2020. The subsidy amount per…

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Indus Motors Resumes Plant Operations

The management of Indus Motors Company has decided to resume its plant operations and its offices with adequate aimed at preventing the pandemic spread, informed the company in a notice to the Pakistan Stock Exchange on Tuesday.  The statement further added that the company resumed plant operation following approval and relaxation given by the Sindh government.  Earlier, through a public notice, the company had announced to revise the prices of its products and vehicle range citing international economic conditions and fluctuation in the forex index. The notice had further said new prices will…

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Pakistan Discovers the High Cost of Chinese Investment

Pakistan’s desire to maintain strategic relations with China has resulted in the $62 billion China-Pakistan Economic Corridor (CPEC), a set of infrastructure projects, being mired in insufficient transparency. But a Committee formed by Pakistani Prime Minister Imran Khan to examine the causes for the high cost of electricity to Pakistani consumers has lifted the lid on corruption involving Chinese private power producers in Pakistan. The report reveals that the Huaneng Shandong Ruyi (Pak) Energy (HSR) or the Sahiwal and the Port Qasim Electric Power Company Limited (PQEPCL) coal plants under…

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Hedging Oil

Oil prices have touched zero and became even negative recently. A debate has ensued in Pakistan that we should have bought cheaper oil. It is a different matter that around the same time, there was news of diesel shortages. Petroleum Division, probably, projected lesser demand due to corona as it is we are always short of liquidity and foreign exchange and even storage. Buying more is not in our psyche or system. It was a unique situation. Prices do vary and there is a scope for saving money in buying…

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El Paso Electric sees record low solar prices as it secures New Mexico project approvals

The New Mexico Public Regulatory Commission approved on Wednesday one solar and one solar-plus-storage project to serve El Paso Electric’s customers. The projects were proposed to serve southern New Mexico and west Texas customers, and start service in the summer of 2022. One project will add 100 MW of solar for $0.015 per kWh while the second will add 100 MW of solar and 50 MW of storage for $0.021 per kWh, record-low prices for solar and storage in New Mexico. The PPAs mark the first time El Paso Electric uses…

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