Category: News & Announcement

Tech leaders typically use their TED talks to sketch out an optimistic vision of the future, but today Bill Gates used his to warn about a rough autumn ahead due to the continuing coronavirus pandemic. “There’s good progress … but nothing that would fundamentally alter the fact that this fall in the United States could be quite bad, and that’s worse than I would have predicted a month ago,” he told moderator Chris Anderson during a live-streamed TED2020 Q&A. Although Gates didn’t mention President Donald Trump by name, he faulted…

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The head of the World Health Organization is warning that the COVID-19 pandemic is speeding up, and he criticized governments that have failed to establish reliable contact tracing to stop the spread of the coronavirus. Speaking at a briefing in Geneva, Tedros Adhanom Ghebreyesus said: “We all want this to be over. We all want to get on with our lives. But the hard reality is this is not even close to being over.” “Although many countries have made some progress, globally the pandemic is actually speeding up,” he said.…

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When Indian and Chinese troops started throwing rocks at each other in a fatal skirmish in the Galwan Valley earlier this month, the incident appeared to be yet another outbreak in hostilities over an ill-defined Himalayan border between the two countries. Tensions between China and India over the border go back decades and erupted into war in 1962. But observers say that this time the main driver of the conflict was not the line dividing the two players but wider strategic interests involving a third country – China’s “iron brother” Pakistan.…

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India has opened one of the largest hospitals in the world to help fight coronavirus, as health authorities announced the country’s biggest one-day increase in the number of new infections.The Sardar Patel COVID Care Centre, the largest facility of its kind in India, became partly operational on Sunday, with 2,000 of its 10,000 beds available, according to the Delhi government.The remaining 8,000 beds at the facility, which is located in the Chattarpur area of Delhi, will be in use from Wednesday.India’s Home Minister Amit Shah and Delhi’s Chief Minister Arvind Kejriwal visited the…

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Power shortages in Pakistan tend to be due to grid issues rather than a lack of generation capacity,” said Simon Nicholas, energy finance analyst at the Institute for Energy Economics and Financial Analysis (IEEFA). With the demand for electricity growth slowing, Pakistan is faced with the increasing financial burden of power capacity payments and overcapacity risk at a time when renewables are the cheapest source of energy available, finds the Institute for Energy Economics and Financial Analysis (IEEFA) in its latest report. Two more Chinese-financed coal-fired plants have reached financial…

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Whenever an investor approaches a new industry, it is good to know what the risks are that a company in that sector must face to be successful. General risks apply to every stock, such as management risk, but there are also more concentrated risks that affect that specific industry. In this article, we’ll look at the biggest risks faced by oil and gas companies. Political Risk The primary way that politics can affect oil is in the regulatory sense, but it’s not necessarily the only way. Typically, an oil and gas company is…

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This is in reference to analysis by Dr. Farrukh Saleem on petrol prices in Pakistan through his vlog on social media which states that the prices of petrol have gone up only 17 percent internationally in the last one month. The contents are misleading and ignore the 30-45 days pricing cycle used in Pakistan as per regulation. The base price of Petrol in Pakistan is fixed on the basis of PSO’s actual imports, which are linked with international Arab Gulf Platts. All cargoes imported since the last cargo used in…

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A local court in Islamabad on Saturday directed the capital police to submit its response by July 9 on US blogger Cynthia D Ritchie’s application for registration of first information report (FIR) against former interior minister Rehman Malik over rape and harassment allegations. The US blogger on Tuesday had submitted her application to an additional district and sessions judge under Section 22-A of the Criminal Procedure Code. Separately, the capital police in its report submitted in Islamabad High Court on Saturday said that allegations against Malik are “suspicious, unsubstantiated and…

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Facebook said Friday it would ban a “wider category of hateful content” in ads as the embattled social media giant moved to respond to growing protests over its handling of inflammatory posts. Chief executive Mark Zuckerberg said Facebook also would add tags to posts that are “newsworthy” but violate platform rules following the lead of Twitter, which has used such labels on tweets from President Donald Trump. The initiative comes with the leading social network facing a growing boycott by advertisers — with soft drink behemoth Coca-Cola and Anglo-Dutch giant Unilever joining Friday…

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Pakistan International Airlines has written to foreign missions and global regulatory and safety bodies, assuring them it has grounded all 141 pilots suspected of obtaining licenses through unfair means, the carrier’s spokesman said on Saturday. The move looks to assuage safety concerns after Aviation Minister Ghulam Sarwar Khan said on Friday that the government had asked various commercial airlines, flying clubs and charter companies to ground a total of 262 pilots until investigations into their qualifications are completed. The action was prompted by a preliminary report on the crash of a PIA aircraft in…

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