A drone view of an Evergreen container ship docked at the port of Umm Qasr during nighttime operations in Basra, Iraq, March 5, 2026. — Reuters The US-Israeli war with Iran is rattling businesses worldwide, driving up energy prices, squeezing supplies of critical raw materials…
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Washington slaps new US tariffs on drugs, trucks and furniture
A US flag flutters near shipping containers as a ship is unloaded at the Port of Los Angeles, in San Pedro, California, US on May 1, 2025. — ReutersPresident Trump cites national security for new round of tariffs.Shares of pharmaceutical firms from Hong Kong to India slide.100%…
World Bank approves $700m for Pakistan’s economic stability
A World Bank building. — Reuters/ FilePakistan to receive $700m from WB under multi-year programme.Financing approved under PRID-MPA initiative: World Bank.$600m approved for Centre, $100m for Sindh: World Bank.
The World Bank said that it has approved $700 million in…
Power demand rises as heat intensifies; LNG cargoes sought to avert load-shedding
Representational image of electricity bulbs. — PixabayPower Division warns failure to secure LNG supplies may result in more load-shedding.Power producers likely to rely on costly diesel in absence of LNG.Gas supply to CNG sector in May is expected to be cut off amid regional…