President Joe Biden, having concluded there is no military solution to the security and political problems plaguing Afghanistan and determined to focus on more pressing national security challenges, will formally announce Wednesday that US troops will withdraw from the country before the 20th anniversary of the September 11 terror attacks, a senior administration official said. The withdrawal extends the US…
Read More
Japan will release some 1 million tons of contaminated water from the Fukushima nuclear power plant into the ocean, the country’s government said amid strong opposition from Japan’s neighbors. The move, according to them, was “extremely irresponsible”, Reuters reports, adding that Japan’s Prime Minister responded with “Releasing the … treated water is an unavoidable task to decommission the Fukushima Daiichi Nuclear…
Read More
Conservative candidate Guillermo Lasso, 65, won the presidential election in South American oil producer Ecuador, and said he would propose new oil deals to private oil companies. Lasso won the run-off against Andres Arauz, 36, who was running on a socialist platform for more social spending. Arauz, a socialist economist and protégé of former left-wing president Rafael Correa, conceded defeat…
Read More
Glance up and around and you’ll know the horizon is changing. From Canada to South Africa, Brazil to China, windmills and solar panels are telling a story of change. In the United States, the landscape is collecting a kind of 21st-century raiment. Wind farms, solar farms, and just stray windmills and solar panels on roofs are signaling something big and…
Read More
Venture capital fund manager Energy Transition Ventures said on Tuesday it had launched the first venture fund in Texas that will exclusively invest in energy transition technologies. The fund is founded in the world’s energy capital Houston by cleantech start-up executives and venture capitalists Craig Lawrence and Neal Dikeman, with anchor investment from two operating companies from the GS Group…
Read More
Saudi Arabia looks to have notched up a new record-low price for large-scale solar power, with one of seven projects recently signed up to power purchase agreements contracted to sell electricity for just over $US10 per megawatt-hour ($A13/MWh). According to local press, Saudi Arabia’s energy minister Prince Abdulaziz Bin Salman announced the new record on Thursday last week at the…
Read More
KARACHI: The Pakistan Petroleum Limited has received Rs903.218 million from the National Accountability Bureau (NAB) against outstanding receivables from Byco Petroleum Pakistan Limited, the company announced on Monday. The PPL informed the Pakistan Stock Exchange (PSX) about it in a regulatory filing and said that the company would pursue for remaining over Rs253m. “In pursuance of Rule 5.6.1 of your…
Read More
Hotels in the UAE were the world’s second busiest after China in 2020 due to government efforts to contain the spread of the Covid-19 virus, encourage domestic tourism and take measures to accelerate the sector’s recovery, the Ministry of Economy said. The country hosted 14.8 million guests who spent an average of 3.7 nights at 1,089 establishments last year for…
Read More
A suspension bridge was inaugurated in Khairabad District, Chitral to solve the problem of rural isolation that has been affecting the community especially during the time of heavy rainfall. Due to adverse conditions and limited mobility, residents were deprived of crucial socio-economic opportunities. The bridge has been constructed in partnership with Pakistan Poverty Alleviation Fund (PPAF) and Sarhad Rural Support…
Read More
Prime Minister Imran Khan has written a letter to Microsoft co-founder Bill Gates and invited him to work together to save the world from the dangers of climate change. PM Imran, in his letter has said that Pakistan is on the front lines of climate challenge and is amongst the top countries “continuously impacted” by climate change over the past…
Read More
