Category: Global Politics

Pakistani authorities frustrate American investors

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BULEJI/KARACHI – PAKISTAN: Government authorities in Karachi have dealt a major blow to foreign investment by demolishing a property owned by American investors without warning. News coming to hand is that property located on four lots in the Buleji, Hawksbay area of Karachi has been demolished by authorities and they failed to inform the owners Maq Investment Group and their Pakistani counterparts. Mahammad Qureshi chairman of CEO of the Maq Investment Group an American-based company was left very disappointed saying it is a sad day for foreign investment into Pakistan…

Iran starts making uranium metal, sparks calls for restraint

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COURTESY BY: https://www.dawn.com/ PARIS: Russia and France on Thursday urged Iran to show restraint after it started producing uranium metal in a new breach of limits laid out in Tehran’s nuclear deal with world powers. The UN’s nuclear watchdog in Vienna reported that Iran has started producing uranium metal in defiance of a 2015 deal with world powers on which ex-US president Donald Trump sensationally reneged in 2018. The move came as Iran warned that time was running out for new US president Joe Biden’s administration to save the agreement…

Coronavirus drug production ‘not affected’ in fire at world’s largest vaccine plant in India

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COURTESY BY: https://www.dawn.com/ A fire broke out on Thursday at India’s Serum Institute, the world’s largest maker of vaccines, but a company source said production of drugs to prevent coronavirus was not affected. The Serum Institute is producing millions of doses of the Covishield coronavirus vaccine, developed by AstraZeneca and Oxford University, for India and many other countries. Local TV channels showed thick clouds of grey smoke billowing from the sprawling site in Pune, in western India. “It is not going to affect production of the Covid-19 vaccine,” a source…

YouTube suspends Trump’s channel after violating policy on inciting violence

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COURTESY BY: https://www.dawn.com/ Alphabet Inc’s YouTube said on Tuesday it has suspended Donald Trump’s channel as it violated policies for inciting violence after last week’s assault on the United States Capitol by the president’s supporters. Online platforms and social media companies are distancing themselves from, and taking action against, those that encouraged or engaged in the violence in Washington, DC. Trump’s channel is now prevented from uploading new videos or livestreams for a minimum of seven days, which may be extended, YouTube said in a statement. For daily news updates, join…

Oil prices fall on renewed coronavirus concerns as China cases climb

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COURTESY BY: https://www.dawn.com/ Brent crude oil prices fell by $1 per barrel on Monday, hit by renewed concerns about global fuel demand amid tough coronavirus lockdowns in Europe and new curbs on movement in China, the world’s second-largest oil user, where infections jumped. Brent crude oil futures were down 78 cents, or 1.4 per cent, at $55.21 a barrel, after falling $1 to a session low of $54.99 earlier. Brent rose in the previous four sessions. US West Texas Intermediate (WTI) slipped 44 cents, or 0.8pc, to $51.80 a barrel. WTI rose…

US diplomats lodge extraordinary protest against Trump

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COURTESY BY: https://www.dawn.com/ WASHINGTON: In a highly unusual move, American diplomats have drafted two cables condemning President Donald Trump’s incitement of the deadly assault on the Capitol on Wednesday and calling for administration officials to possibly support invoking the 25th Amendment to remove him from office. Using what is known as the State Department’s dissent channel, career foreign and civil service officers said they fear the Jan 6 siege may badly undermine US credibility to promote and defend democratic values abroad. “Failing to publicly hold the president to account would…

Why Netflix Is Increasing Cost Of Subscription For Customers?

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As Britain enters the new-lockdown Netflix Inc raised its subscription charges for millions of stay-at-home customers on Wednesday. The streaming services for entertainment increases its price for the most demanded two-screen standard subscription by 1 pound to 9.99 pounds ($13.60) per month. For the premium subscribers, the price is hiked from 2 pounds to 13.99 pounds per month. On Wednesday a Netflix spokesman told, “This year we’re spending over $1 billion (736 million pounds) in the UK on new, locally made films, series, and documentaries, helping to create thousands of jobs and…

Travel, trade may resume within a week to Qatar, says UAE

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COURTESY BY: https://www.dawn.com/ Arab states boycotting Qatar could resume travel and trade links with Doha within a week under a United States-backed deal, but restoring diplomatic ties requires more time as parties work to rebuild trust, a United Arab Emirates (UAE) official said on Thursday. Gulf powerhouse Saudi Arabia announced the breakthrough in ending a bitter dispute at a summit on Tuesday, with its foreign minister saying Riyadh and its allies would restore all ties with Doha severed in mid-2017. UAE Minister of State for Foreign Affairs Anwar Gargash told a virtual…

Bitcoin breaks above $35,000 to touch new high

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COURTESY BY: https://www.dawn.com/ Bitcoin traded above $35,000 for the first time in Asia on Wednesday, rising to a high of $35,879 and extending a rally that has seen the digital currency rise more than 800 per cent since mid-March of 2020. The world’s most popular cryptocurrency had crossed $20,000 for the first time ever almost three weeks ago on Dec 16, 2020. At that time it hit an all-time peak of $20,800, gaining more than 170pc over the previous year, buoyed by demand from larger investors attracted to its potential…

Brexit: UK Completes Separation From European Union

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COURTESY BY: https://www.bolnews.com/ The United Kingdom has completed its formal separation from the European Union. According to the international news agency, The UK has stopped following EU rules at 23:00 GMT, as replacement arrangements for travel, trade, immigration, and security co-operation came into force. The UK officially left the political and economic bloc on 31st January. The UK public had voted to leave in the 2016 Brexit referendum. But due to the EU’s trading rules, both sides talked about their future economic partnership. A landmark treaty was agreed on Christmas Eve in…