Oil tanker in Strait of Hormuz with global oil price chart as G7 considers releasing emergency reserves

Oil Prices Fall After G7 Signals Emergency Reserves Use Amid Strait of Hormuz Crisis

Global energy markets stabilize as G7 considers releasing strategic oil stockpiles Global oil markets experienced sharp volatility after crude prices surged above $119 per barrel, driven by escalating geopolitical tensions and supply disruptions in the Middle East. However, prices later dropped significantly after Group of Seven nations signaled they may release emergency oil reserves to…

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China lowers economic growth target during major political meetings in Beijing

China Lowers Economic Growth Target to 4.5–5% Amid Global Uncertainty

Beijing Signals Economic Caution During Major Political Gathering China has set its lowest economic growth target since 1991, lowering its expansion goal to 4.5%–5% as the world’s second-largest economy faces mounting domestic and international challenges. The announcement came during China’s annual political meetings known as the “Two Sessions,” where top leaders outline national priorities and…

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Amazon Says Drone Strikes Damaged AWS Facilities in UAE and Bahrain

Amazon Says Drone Strikes Damaged AWS Facilities in UAE and Bahrain

Amazon cloud division, Amazon Web Services, says drone strikes damaged three of its facilities in the United Arab Emirates and Bahrain, causing outages and physical harm to critical infrastructure. The incidents occurred early Sunday, shortly after US and Israeli strikes targeted Iran. AWS initially reported that “objects” hit a UAE data centre, causing sparks and…

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Top SOEs See Profits Fall 15% to Rs622bn Amid Governance Failures

Top SOEs See Profits Fall 15% to Rs622bn Amid Governance Failures

ISLAMABAD: The combined profits of Pakistan’s top 15 state-owned enterprises (SOEs) declined by 15% in the last fiscal year, falling to Rs622 billion, as weak governance, ineffective boards, and delayed audits continued to undermine performance, according to a new report by the Ministry of Finance. The State-Owned Entities (SOEs) Report for FY2024–25, prepared by the…

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