Canada is evaluating import restrictions to allocate a low-tariff quota for electric vehicles (EVs) made in China. This measure aims to prevent market dominance by any single automaker, with special attention on Tesla and BYD, as the government finalizes trade rules affecting Chinese-made EV imports. Earlier this year, during Prime Minister Mark Carney’s visit to…
Australia has introduced a new policy requiring liquefied natural gas (LNG) exporters to reserve at least 20% of their gas production for the domestic market. This order is aimed at securing stable gas supplies within the country amid rising global energy demand and supply uncertainties. The Australian government’s directive compels LNG exporters to prioritize domestic…
At this year’s Milken Global Conference in Beverly Hills, five influential figures across the AI supply chain shared insights into the pressing challenges hindering the rapid expansion of the artificial intelligence economy. The panel included Christophe Fouquet, CEO of ASML; Francis deSouza, COO of Google Cloud; Qasar Younis, CEO of Applied Intuition; Dimitry Shevelenko, chief…
Gasoline prices have surged across all 50 states in the United States, prompting increased scrutiny of the country’s oil exporters. This recent spike in fuel costs has raised concerns regarding domestic supply and export policies, as consumers grapple with higher prices at the pump. Despite the United States being one of the world’s largest oil…
On 7th May 2026, the prices of gold and silver in Pakistan showed noticeable fluctuations amid ongoing geopolitical tensions in the Middle East, which have contributed to heightened volatility in the international precious metals markets. According to local sources including Sarafa Markets and major city price listings, the rate for 24-karat gold was recorded at…
Oil prices edged higher recently as doubts about the revival of the Iran nuclear deal resurfaced, creating uncertainty in the global energy markets. The potential setback in diplomatic negotiations has led to concerns over future oil supply from Iran, which could impact global crude availability. The tentative discussions surrounding the deal, which aimed to curb…
Mitsubishi Corporation has exited the Pakistani market by selling its shareholding in Engro Polymer and Chemicals Limited, a significant move approved by the Competition Commission of Pakistan (CCP). The CCP’s approval of the share acquisition deal came after a Phase I review conducted under the Competition Act, 2010, confirming that the transaction does not pose…
As Russia continues its military operations, the Central Asian trade corridor has emerged as a critical route supporting the country’s wartime trade. This corridor, linking Russia to key Central Asian countries, enables the movement of goods and commodities that are increasingly vital amid the ongoing geopolitical and economic pressures. With Western sanctions limiting Russia’s traditional…
A prominent British billionaire has recently voiced strong criticism against Europe’s current energy policies, arguing that they hinder energy security and economic stability. Meanwhile, he is simultaneously expanding his oil business operations in the United States. The businessman, known for his significant investments in the energy sector, contends that Europe’s focus on rapid green energy…
The United States Energy Information Administration (EIA) reported a continuous decrease in crude oil inventories, marking the sixth consecutive week of decline. This trend reflects ongoing adjustments in supply and demand within the US oil market. According to the latest data, commercial crude oil inventories in the US have fallen again, indicating tightened supply conditions….