Global News
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Pakistan’s trade deficit hits record-high of $48.66bn as imports soar
Cash-strapped Pakistan’s trade deficit has surged to an all-time high of $48.66 billion in the outgoing fiscal year, up from $30.96 billion a year ago, a significant 57 per cent jump on the back of higher-than-expected imports, a media report said on Sunday. The trade deficit reached an alarming level despite a ban on more than 800 non-essential luxury items…
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Mitt Romney likens Trump’s false claim that he won in 2020 to the ‘delusion that leads people to feed money into slot machines’
Sen. Mitt Romney called Donald Trump’s false election claims “a classic example of denial.” He likened it to the “delusion that leads people to feed money into slot machines.” Romney said leadership is the cure for “wishful thinking,” but he’s not looking to Trump or giving Biden high marks. Sen. Mitt Romney says a “classic example of denial” comes from…
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Sajid Javid, Rishi Sunak quit – throwing Boris Johnson’s future into doubt
Rishi Sunak and Sajid Javid have dramatically resigned from the cabinet in what appeared to be a coordinated move, throwing the prime minister’s future in doubt. Boris Johnson apologised on Tuesday evening, for appointing Chris Pincher as deputy chief whip, despite belatedly admitting having known that Pincher was found to have behaved inappropriately in 2019. In their resignation letters, both…
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Germany’s much-vaunted trade surplus disappears as import prices surge
Germany is no longer exporting more than what it buys from other countries, highlighting the strains that the nation and other European economies are facing from surging energy and food prices. Data released Monday showed that in May, Germany posted a foreign trade deficit of 1 billion euros ($1.03 billion). This marks a significant moment for the German economy, which…
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Saudi Arabia is charging Asian buyers near-record prices for oil
… as demand soars and supply remains pressured Saudi Arabia will be raising oil prices next month for Asian buyers, a sign that oil suppliers are still slammed with high demand as they run out of capacity to keep up. Saudi Aramco, the state oil producer, hiked prices for Arab Light crude grade in August to $9.30 a barrel above…
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PHOTO NEWS: Buhari meets with Portuguese President Marcelo Rebelo de Sousa
President Muhammadu Buhari in Lisbon earlier today was received by Portuguese President Marcelo Rebelo de Sousa to formally start his state visit. On President Buhari’s delegation are Minister of Information, Culture and Tourism Alhaji Lai Mohammed, Minister of Foreign Affairs, Geoffrey Onyema and National Security Adviser, Major General Babagana Munguno, (rtd) and Mrs. Abike Dabiri.
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NATO formally invites Finland and Sweden to join alliance
NATO formalized its invitation to Sweden and Finland to join its alliance Wednesday, a historic expansion of the defense bloc that directly undercuts Russian President Vladimir Putin’s aims as his war in Ukraine grinds ahead. The group collectively decided to approve countries’ applications to join after Turkey dropped its objections Tuesday, paving the way for NATO’s most consequential enlargement in…
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Vladimir Putin blasts NATO ‘imperialism’ over Western military shake-up plan
NATO’s promise of continued support for Ukraine in the face of Russia’s “cruelty” has brought an angry response from Vladimir Putin, who denounced the alliance’s “imperialist ambitions”. At their summit in Madrid, members of the Western military alliance pledged to back Ukraine for as long as necessary, modernising the country’s army to help it resist Russia’s invasion. NATO also updated…
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Ekweremadu: Senate dispatches delegation to UK Friday
The Senate is to dispatch a team to London on Friday to visit Senator Ike Ekweremadu and his wife, who are currently in detention over allegation of organ harvesting. The delegation will be made up of the Committee on Foreign Affairs, according to the President of the Senate, Ahmad Lawan. Lawan made this known on Wednesday, while giving details into…
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AU expresses ‘deep shock’ over deaths at Spain-Morocco border
The African Union chief has expressed “deep shock” over the death of nearly two dozen people while trying to break through a border fence between Morocco and the Spanish enclave of Melilla and called for an immediate investigation into the matter. Moussa Faki Mahamat, chairman of the African Union Commission said on Monday that he was shocked at the “degrading…
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