Oil drops as global growth concerns spark broad market selloff

Geneva May 5 2022: The Covid pandemic has caused the deaths of nearly 15 million people around the world, the...

BoE flags risk of recession and 10% inflation as it raises rates again

London May 5 2022: The Bank of England sent a stark warning that Britain risks a double-whammy of a recession...

Wall St slumps as bets of big rate hikes grow despite Fed view

New York May 5 2022: Wall Street's main index fell sharply on Thursday in a broad-based selloff as the Federal...

Floods in Afghanistan kill several, destroy hundreds of homes

Kabul May 5 2022: Heavy rain and flooding has killed 22 people, destroyed hundreds of homes and damaged crops in...

OPEC+ says oil market is in balance as it approves modest increase

Vienna May 5 2022: OPEC and its Russia-led partners May 5 approved another modest 432,000 b/d increase in production quotas...

Turkey’s inflation surges to 70%

Istanbul May 5 2022: Turkey's annual inflation jumped to a two-decade high of 69.97% in April, according to data on...

Pakistan economy is on the brink: Financial Times

Islamabad May 5 2022: Pakistan is in political and economic chaos. Its most populous province,Punjab, was without a government for...

OPEC daily basket price stands at $102.86 a barrel Tuesday

OPEC+ eye modest supply boost as demand dented by China Covid rules

Vienna May 5 2022: OPEC+ members meeting on Thursday are expected to agree a marginal increase in oil production, bolstered...

Jazz made $10.2 billion investment in Pakistan