Category: News & Announcement

PARIS: Pakistan is ranked among three worst-affected Asian countries by a ‘pandemic’ of air pollution that shortened lives, according to a news research published in the journal Cardiovascular Research on Tuesday. Scientists warned that air pollution shortened lives worldwide by nearly three years on average, and causes 8.8 million premature deaths annually. They added that the worst-hit region is Asia, where average lifespan is cut 4.1 years in China, 3.9 years in India, and 3.8 years in Pakistan. Eliminating the toxic cocktail of molecules and lung-clogging particles cast off by burning…

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In the last one year, the federal government has been pushing up petroleum prices almost every month, making life difficult for commuters. But there was a valid reason to do so. The price of oil, internationally, was just as eye-watering. As global oil production nosedived in 2019, its wholesale cost shot up. The Organisation of Petroleum Exporting Countries (OPEC) and its allies began cutting oil output to boost up prices. Then, there were the US sanctions on Iran and Venezuela and the unrest in Libya. However, since mid-February, global oil…

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Waymo, the self-driving car developer of Alphabet, has raised $2.25 billion in funding from external investors, led by tech investment firms including Silver Lake, Alphabet itself, Andreesen Horowitz, and AutoNation. Google began working on a self-driving car more than a decade ago, in 2009, and later the parent company spun the project off into Waymo, staking a serious claim in the nascent autonomous driving area. Since its inception, Waymo has logged in 20 million miles on public roads with its ride-sharing service in Arizona and in California. Last year alone,…

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The oil markets are expecting yet again that OPEC will be the hero of oil prices, and this optimism has sent oil prices up 4% on Monday afternoon, and up more than 2% on Tuesday morning. The optimism is a welcomed event after last week’s falling prices that saw oil have the worst week in years. Last week, the concern was that the coronavirus was continuing to spread to countries other than China, with the number of confirmed coronavirus cases also continuing to climb. Analysts lowered again oil demand projections…

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The new coronavirus Covid-19 will end up being the final curtain on China’s nearly 30 year role as the world’s leading manufacturer. “Using China as a hub…that model died this week, I think,” says Vladimir Signorelli, head of Bretton Woods Research, a macro investment research firm. China’s economy is getting hit much harder by the coronavirus outbreak than markets currently recognize. Wall Street appeared to be the last to realize this last week. The S&P 500 fell over 8%, the worst performing market of all the big coronavirus infected nations.…

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