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India Says PE Investments Before 2017 Won’t Face Extra Tax
Buyout firms sitting on billions of dollars of legacy assets in India got some relief this week, when the country’s finance ministry said it won’t apply anti-tax avoidance laws to investments made before April 1, 2017.
The oil industry is betting big on plastics. Here's what that means for the future
Journalist Beth Gardiner says the fossil fuel industry is increasingly reliant upon plastic products. Her book is Plastic Inc.: The Secret History and Shocking Future of Big Oil's Biggest Bet.
IndiGo names veteran William Walsh CEO after flight cancellations crisis
William Walsh, who is expected to join no later than August 3 after his IATA tenure, brings to IndiGo a career that spans the cockpit and the boardroom.
UK food inflation ‘could hit 9% this year’ as Iran war drives up energy prices
Even if cargo route of strait of Hormuz reopens soon, Food and Drink Federation almost triples earlier forecastBusiness live – latest updatesFood inflation could hit 9% in the UK this year, even if the strait of Hormuz opens within the next few weeks, figures suggest, as the war in Iran pushes up en...
Lights out, bills up as summer approaches
The government is finalising a plan to curb summer electricity consumption through scheduled outages, compulsory conservation measures, and higher tariffs as cooling demand rises in the coming weeks. The move reflects a deepening fuel shortage caused by a complete disruption of LNG supplies, constra...
How US’ ‘stupid war’ with Iran torched fuel price stability in America
At a petrol station in the Washington suburbs, drivers confronted the harsh domestic repercussions of the war on Iran, as spiking fuel prices hit household budgets hard. Jeanne Williams, 83, had just driven 160km from Richmond, Virginia, where she was visiting her elder sister. “That is horrible,” s...
DawnMedia, CVF-V20 partner to accelerate climate investment
KARACHI: The Climate Vulnerable Forum and the Vulnerable Twenty Group of Finance Ministers (CVF-V20) Secretariat and DawnMedia, led by Breathe Pakistan, the flagship climate change awareness initiative, have signed a memorandum of understanding (MoU) to collaborate on advancing climate action, inves...
قیمت نفت پس از آنکه ترامپ گفت جنگ «بهزودی» پایان مییابد، کاهش یافت
پس از آنکه دونالد ترامپ گفت جنگ علیه جمهوری اسلامی «بهزودی» پایان مییابد، بهای نفت روز چهارشنبه بیش از ۳ درصد افت کرد و به اندکی بالاتر از ۱۰۰ دلار در هر بشکه رسید. با این حال، قیمت نفت برنت همچنان نسبت به زمانی که جنگ آغاز شد، ۳۹ درصد بالاتر باقی مانده است.
Mozambique Fully Repaid $701 Million IMF Debt Early, Bank Says
Mozambique repaid early and in full about $701 million it owed the International Monetary Fund, implying the cancellation of a mission to the southeast African nation targeted for August, according to Standard Bank Ltd.
Petrol, diesel prices to go up further within days
ISLAMABAD: The federal and provincial governments have made up mind to allow another major hike in petroleum prices within a week to transfer partial impact of landed cost of imports to general consumers and provide subsidised petrol and diesel to targeted segments like bikers and farmers. “Prices o...
Russia and India should collaborate on Global South energy security – expert
India also needs to fast-track its thorium program, Robindra Nath Sachdev has told RT India Read Full Article at RT.com
Warren Buffett on Gates Foundation donations: ‘Wish certain things hadn’t happened’
Warren Buffett stated he has no regrets about his substantial donations to the Gates Foundation, despite recent controversies surrounding Bill Gates. He emphasized waiting for clarity on the situation before making further comments. Buffett also discussed his investment strategy, regretting selling...
Australia and Japan face jet fuel supply crunch as China cuts exports
China’s exports of jet fuel have declined sharply in recent weeks amid the US-Israel war on Iran, leaving countries including Australia and Japan facing a supply crunch and scrambling to find alternative sellers. China is Asia-Pacific’s largest jet fuel and kerosene exporter, but shipments from the...
वित्तीय वर्ष के पहले दिन महंगाई का झटका, कमर्शियल LPG की कीमतों में ₹195.5 की बढ़ोतरी
LPG
Nigeria Weighs $5 Billion Swap Deal With UAE Bank as Costs Rise
Nigeria plans to raise $5 billion from the United Arab Emirates’ largest lender in a derivatives deal to cut borrowing costs, joining a growing number of African nations using the instruments as the war in Iran drives yields higher.
Jet fuel prices more than double; brace for steep airfare hikes
Indian airlines face a significant surge in airfares as jet fuel prices have more than doubled for April, driven by the Iran war. This drastic increase, coupled with a weakening rupee, is expected to lead to fare hikes and potential flight reductions as airlines grapple with soaring operating costs.
Schroders Sees Ongoing Need for Commodities Exposure
Remi Olu-Pitan, multi-asset growth and income head at Schroders, discusses the outlook for stocks, bonds and commodities after President Donald Trump again signaled the potential end to the Iran war that’s roiled markets. "We are in an environment of heightened geopolitical risk," Olu-Pitan tells Bl...
Shipping lines, traders agree on fair pricing, transparency
ISLAMABAD: Shipping lines have reached an agreement with traders to ensure fair pricing, advance disclosure of costs, and minimal diversion of cargo except in emergencies, in a bid to address concerns of the business community over non-transparent shipping charges and cargo handling practices. A c...
Speculation pushes Iranian rial fourfold against rupee
KARACHI: The value of the Iranian rial has surged nearly fourfold against the Pakistani rupee during the ongoing war, driven by speculative buying and increased cross-border trade, while demand for the currency remains high, market sources said on Tuesday. The price rose from Rs2,500 per 10 million...
Ganfeng Lithium forecasts strong battery demand amid China-US rivalry in renewable energy
China’s Ganfeng Lithium, the world’s largest producer of lithium metal, is envisioning an “explosive growth” in the global energy storage system (ESS) market in 2026, spurred by higher prices of the key battery material and buoyant demand for renewable energy infrastructure. Executives including pre...