SEOUL: South Korea Finance Minister Koo Yun-cheol said Sunday the government could expand a mandatory five-day vehicle rotation system to the private sector if global oil prices rise to US$120-130 per barrel as part of nationwide energy-saving efforts amid an escalating conflict in the Middle East. “If the situation worsens, we may have to raise
A young humpback whale named Timmy by rescuers was struggling to find its way out of shallow bays off the Baltic coast of Germany on Sunday morning, after a week-long ordeal that has put its survival in doubt. The plight of Timmy, who is thought to measure 12 to 15 metres in length, shows the
Ethiopia has secured $13 billion worth of investment deals, the state investment commission said, after a conference aimed at attracting capital into a range of economic sectors. Like other frontier economies in Africa, the East African nation has been seeking to boost foreign direct investment, particularly in manufacturing, to create jobs for its growing population.
Record oil prices and Middle East tensions push bond yields sharply higher, forcing policymakers to shelve rate-cut hopes and brace for mounting fiscal pressure
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PARIS—Senegal defiantly displayed the Africa Cup of Nations trophy to their supporters on Saturday before going on to beat Peru 2-0 in their World Cup warm-up game at the Stade de France. Nicolas Jackson scored four minutes before halftime and Ismaila Sarr added a second in the 54th as Senegal won their first game since
KARACHI: A Pakistan State Oil (PSO) cargo ship carrying a substantial fuel shipment has arrived in Karachi, ARY News reported. PSO informed the relevant authorities that the vessel, MT Khairpur, has anchored at the FOTCO terminal in Karachi. The Pakistan National Shipping Corporation (PNSC) vessel is carrying 55,000 metric tons of petrol. This shipment is