Record High Exchange Rate of USD against Pak Rupee

The Pakistani rupee has continued to depreciate steeply, as it hit an all-time low of Rs 269.10 against the US dollar in the interbank market, on January 30.

Cost-of-living crisis biggest global risk: Davos study

Global inflation remains at sky-high levels after energy and food costs rocketed last year following the invasion of agricultural powerhouse Ukraine by major oil and gas producer Russia.

Taliban government signs oil deal with Chinese firm

The Taliban government of Afghanistan has signed an oil extraction deal with a Chinese company, Bloomberg reported on Friday.

Russia warns Germany to not confiscate its assets

Russia warns Germany to not confiscate its assets and their subsequent transfer to Ukraine may create a dangerous precedent in international law, Vyacheslav Volodin, the speaker of the State Duma, Russia’s lower house of parliament, has claimed.

Germany accepts ‘new normal’

High energy prices will become a new normal in Germany, Finance Minister Christian Lindner warned on Sunday.

Singapore economy grows more than expected in 2022

While the 3.8 percent on-year expansion was welcome, it was weighed by a 3.0 percent contraction in the key manufacturing sector in the final three months.

Türkiye announces huge natural gas reserves in Black sea

Türkiye’s natural gas reserves in the Black Sea now total 710 billion cubic meters, with a market value of $1 trillion, President Recep Tayyip Erdogan announced after a new deposit was discovered and a previous find was revised higher.

Vladimir Putin bans oil sales to ‘price cap’ states

President Vladimir Putin has signed a decree on retaliatory measures to the West’s price cap on Russian oil exports.

Tesla to run reduced output in Shanghai in January

Tesla will run production for 17 days in January between Jan. 3 to Jan. 19 and will stop electric vehicle output from Jan. 20 to Jan. 31 .

Russian Deputy Prime Minister says, Moscow is ready to resume gas supplies to Europe

Moscow is ready to resume gas supplies to Europe through the Yamal-Europe Pipeline, Russian Deputy Prime Minister Alexander Novak told state TASS news agency.

WTO called US ban on “Made in Hong Kong” label illegal

The United States is flouting international trade rules by labeling imports from Hong Kong as those from China, the World Trade Organization ruled Wednesday, an outcome that Washington rejects.

Elon Musk looking for a new CEO for Twitter

Twitter owner and CEO Elon Musk is looking for a new chief executive to lead the company after the platform’s users voted for him to resign, CNBC reported on Tuesday, citing its sources.