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Global Quota
UGANDA NATIONAL BUDGET 2022: A poisoned gift?
By Guest Writer
Finally, we breathe a sigh of relief after going through the annual constitutional ritual of presenting the budget. The budget should in principle be designed to reflect the sovereignty of the people (whether a…
Argentina’s woes worsen global wheat shortage
President Alberto Fernández recently promised Argentina would seize the opportunity to help meet global wheat demand, making up some of the deficit caused by war in Ukraine, but a poor harvest could put that ambition out of reach. .
"It…
Pressure mounts to extend UK steel import quotas | Steel industry
The government is facing pressure from Britain's steel industry and labor to extend metal import limits introduced after Brexit, after a warning that a flood of products could cost UK producers £150million pounds in lost sales.International…
From now on, a guaranteed weekly fuel quota in Sri Lanka in crisis
Economic crisis in Sri Lanka: Sri Lanka is facing its worst economic crisis since its independence.Dove: The Sri Lankan government plans to introduce a fuel rationing program from next month, under which registered consumers…
Shipbuilding in Russia receives less state support than shipbuilding in other countries
China has more than 15 supporting measures, hence the country's share of global shipbuilding as high as 49%
To ensure the development of shipbuilding in Russia, it is necessary to finance the construction of standard projects under state…
SMARTFREN AND MOBILEUM SIGN A MULTI-YEAR AGREEMENT TO IMPROVE CUSTOMER EXPERIENCE AND CUSTOMIZED…
In-depth network analysis and applied machine learning provide network-related insights to improve customer experience
CUPERTINO, Calif., June 8, 2022 /PRNewswire/ -- Mobileum Inc. ("Mobileum"), a leading global provider of analytics…
The conflict in Ukraine has awakened old dilemmas
Energy is at the heart of any politician's deepest dilemmas. For it forces them to tread a careful path between the immediate demands of their constituents for affordable, secure and accessible energy and the longer-term imperatives of…
OGRA approves 45% hike in gas prices
Just a day after a massive increase in the price of petroleum products, the Oil and Gas Regulatory Authority (Ogra) on Friday approved a 45% increase in prescribed natural gas prices from July.
The decision was taken to enter into a…
Tackling the global energy and environmental crisis
Ugo Aliogo examines the economic and environmental effects of the global energy crisis on Nigeria, which experts have identified as rising diesel prices, illegal bunkering, illegal refining, deforestation,!-->!-->…
China’s auto sector expects better sales in second half as local governments act to boost…
Photo taken on July 6, 2019 shows a production line at a subsidiary of Beijing Electric Vehicle Co., Ltd. (BJEV), a producer of new energy vehicles, in Huanghua City, Hebei Province. Photo: XinhuaAs local governments announce measures…
IMF Approves New Two-Year $5.4 Billion Flexible Credit Line for Peru | News | ANDEAN
The Executive Board of the International Monetary Fund (IMF) has approved a new two-year!-->…
The European Commission proposes two new regulations to strengthen the control of very powerful…
On April 5, 2022, the European Commission proposed two new regulations aimed at restricting the emission and use of very powerful greenhouse gases, which strongly contribute to global warming, in order to limit the increase in global…
Can Iraq help alleviate oil supply problems and stabilize the market?
OWith Russian oil heading east, the West is exploring all possible avenues to increase oil supply. To this extent, Iraq can perhaps play a major role.
In its latest weekly report, shipbroker Gibson said that "while many members of the…
Business News | Stock and Equity Market News | Financial News
By
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The IMF raises the weighting of the yuan in the SDR basket; Foreign capital will increase Chinese…
(Yicai Global) May 16 -- The International Monetary Fund raised the weight of the Chinese yuan in its basket of special drawing rights, an international reserve asset, for the first time since the redback became one of the currencies…
A long way to go for gender equality in Nepalese politics – The Diplomat
AdvertisementOn April 28, misogyny in Nepalese politics and society was on full display during a panel discussion at a college in Kathmandu.A young woman has questioned the integrity of Keshav Sthapit, candidate for mayor of the…
China’s capital wants a bigger share of NEVs on its roads
What's new: The Chinese capital has pledged to increase the share of new-energy vehicles on city roads as part of a five-year local traffic plan that foreshadows fewer restrictions on the purchase of passenger cars.
The plan is for…
China’s central bank to step up policy support for businesses, real economy: official
Central Bank of China Photo: CFPAmid headwinds from multiple domestic Omicron outbreaks and global volatility, Chinese economic officials have pledged new monetary tools to help companies navigate current difficulties and fight for a…
Oil prices rise 1.5%, another weekly gain as EU moves closer to banning Russia | Oil and Gas News
Global benchmark futures settled at $112.39 a barrel while US West Texas Intermediate climbed to $109.77 a barrel.Oil prices rose nearly 1.5% on Friday, settling with a second consecutive weekly increase as looming European Union sanctions…
Did Paulo Londra offer his ex Rocío Moreno a food quota of 200,000 pesos?
Throughout the day, one question copied social media: the 200,000 pesos, which Paul London supposedly he would have proposed to his ex-partner Rocio Moreno as alimony of the two daughters they have in common.
Inevitably, users…
OPEC+ expected to stay the course pending clarification on Russia shutdowns and China shutdowns
Strong points
Ministers meet on May 5 to set June production targets
Delegates say another 432,000 bpd hike likely
Quota shortfalls increase as spare capacity decreases
Prices dated Brent in April…
Cost of Hajj in Pakistan in 2021 vs 2022
The Saudi government eased restrictions on foreign Hajj pilgrims this year after the COVID-19 pandemic forced travel to be limited to locals for the previous two years. Mufti Abdul Shakoor, Federal Minister for Religious Affairs, announced…
Sensex recovers 57,000 thanks to gains in Hul, Sun Pharma
Benchmarks for Indian stocks opened higher on Thursday with the Nifty above 17,100 firm global tracking indexes. As of 9:16 a.m., the 30-stock Sensex was up 295.96 points or 0.52% at 57,115.35, and the broader Nifty was up 93.20 points or…
Government turns to tariff adjustments against inflation
THE Committee on Tariffs and Related Matters (CTRM) has approved the reduction of tariff rates on maize and the extension of current tariffs on pork and rice to mitigate the impact of global economic challenges on food prices…
EU sets new online rules for Google and Meta
The Digital Services Act will ensure that what is illegal offline is also considered and treated as illegal online For all the latest news, follow the Daily Star's Google News channel.
Alphabet unit Google, Meta and other major online…
Spaulding Ridge named DocuSign Strategic Systems Integrator Partner of the Year; Recognized as a…
CHICAGO, April 21, 2022 /PRNewswire/ -- Spaulding Ridge, a global cloud consulting and implementation company, has been recognized as Strategic IS Partner of the Year by DocuSign for both North America and APAC. The company has been a…
Capacity constraints drive OPEC+ supply shortfall
Energy
Lutz Kilian, Michael D. Plante and Kunal PatelApril!-->!-->!-->!-->…
Russia forced to remodel fleet renovation project due to sanctions
A month and a half after Russia invaded Ukraine, a clearer picture of the challenges the Russian seafood sector will face as a result of international sanctions is emerging.Russia's invasion of Ukraine immediately caused turmoil in global…
The Financial Stability Guarantee Fund offers double protection against systemic risks (head of the…
The photo shows the headquarters of the People's Bank of China. File photo: Xinhua China's financial risks are diminishing and controllable, a central bank official said Thursday, noting that the new financial stability guarantee fund…
First crisis, then catastrophe – World
A quarter of a billion more people could fall into extreme poverty this year due to Covid-19, rising inequality and war in Ukraine
A quarter of a billion more people could be pushed into extreme poverty this year due to Covid-19,…
Nigeria awaits quota as Saudi Arabia approves one million pilgrims for Hajj 2022 | The Guardian…
After two years of restriction, the Kingdom of Saudi Arabia yesterday approved the participation of one million pilgrims, including foreigners and residents of the Kingdom for the 2022 hajj exercise.
The…
Global food insecurity threatens as war in Ukraine continues
On the other hand, Russia and Belarus, at the center of the war, are very important supplier countries in terms of agricultural inputs. Natural gas exports from Russia account for around 20% of world trade. Russia provides about 40% of…
Canada and France agree to maintain a cod quota on the south coast of Newfoundland
Fisheries and Oceans Minister Joyce Murray said Wednesday that Canada and France have agreed to maintain the current cod quota in fishing area 3Ps at 1,346 metric tonnes for the 2022-23 fishing season.
Fish stocks in…
OPEC drops IEA production data to assess quota compliance
Emmanuel Addeh
The Organization of the Petroleum Exporting Countries (OPEC) will no longer use the International Energy Agency (IEA) as a source of crude production data for its members, after a vote!-->!-->…
The battle for talent goes global with the launch of MIPTV – The Hollywood Reporter
What a difference three years makes.
International TV Marketplace MIPTV returns this week – the Cannes-based TV conference runs April 4-6 – for an in-person event for the first time since 2019.
When the small-screen…
ANALYSIS: Winnipeg Jets will have to find another equipment – Winnipeg
That the mountain is getting steeper day by day should come as no surprise.
Although they've shaken up some of the narratives surrounding the team over the past month, the Winnipeg Jets still face extremely long odds of making the…
Revisiting the tourism sector in Nigeria – Tekedia
Over the years, tourism has demonstrated its enormous capacity in the area of job creation and human capital development, but it is often undervalued. A survey reliably reveals that tourism currently provides about 15% of jobs…
Special Seats Bill: Balancing representation through constitutional reforms
Cynthia Mbamalu
Published March 28, 2022
GLOBAL trends indicate slow progress in closing gender gaps in key dimensions of human development in different countries. Nigeria remains one of the worst performing countries when it comes…
Canada seeks to fill global oil supply gap
Fearing severe oil shortages if Russian exports are further curtailed, world leaders are looking elsewhere for their crude supplies. But with many governments stifling oil and gas exploration in favor of renewable energy…
SalesHood launches streamlined correlation reports for
SAN FRANCISCO, March 22, 2022 (GLOBE NEWSWIRE) -- SalesHood, the leading purpose-built sales enablement platform, has launched its correlation engine to provide sales, marketing and operations managers with the insights and the evidence…
State unveils gasoline price control plan
Economy
State unveils gasoline price control plan
Thursday, March 17, 2022
A cooking gas outlet. FILE PHOTO | NMG
By JOHN MUTUAMore from this author
Summary
National Oil's quota is intended to force cash-hungry…
OVERVIEW: Fixing refineries, pumping more oil… how Nigeria can benefit from high oil prices
Crude oil prices jumped above $100 a barrel thanks to production quotas coordinated by the Organization of the Petroleum Exporting Countries (OPEC) and Russia's invasion of Ukraine.
OThe price generally refers to the spot…
Many flea schools are racing to train new talent
By Sarah Wu/Reuters, HSINCHU and TAINAN
Taiwan is…
FEATURE-Taiwan invests in the next generation of talent with a host of chip schools
Taiwan is rushing to create specialized "chip schools" that operate year-round to train its next generation of semiconductor engineers and cement its dominance in the crucial industry.The plans, championed by Chairman Tsai Ing-wen, come as…
Government urged to cut tariffs and import more
In the face of rising world prices
MANILA, Philippines – The country's economic team is pushing for the expansion of tariff reduction and increased volume of some imported agricultural products to cushion the impact of soaring global oil…
Sanctioning Russia cuts North Korea’s hard currency inflow
WASHINGTON-
As international sanctions against Moscow have triggered a decline in the value of the rouble, North Korean workers in Russia are struggling to meet remittance quotas set by Pyongyang, according to multiple sources in Russia…
US oil production boost ‘Misdiagnosis’: Psaki
A proposal by Republican lawmakers to increase U.S. crude oil production amid a rapidly deteriorating situation in Ukraine that could jeopardize the security of energy flows was a 'misdiagnosis', says White House press secretary…
The lifestyle of the rich is driving climate change faster than you think
The richest 10% of the world produce nearly half (48%) of global GHG emissions. On the other side of the coin, 50% of the world's population, sitting at the bottom of…
Feds target end of year to meet OPEC production quota
The Minister of State for Petroleum Resources, Chief Timipre Sylva, assured that Nigeria was doing a lot to be able to meet its OPEC production quota by the end of this year.
This is so that the country can maximize the current…
Using the air and the sun to produce sustainable jet fuel
Shipping and aviation combined account for about 8% of total anthropogenic CO2 emissions. Swiss researchers at ETH Zurich have developed a rooftop refinery that turns sunlight and air into fuel. The aim is to produce…
STEM pioneers: Emirati women are empowering the Middle East
Arab women play a vital role in the development of scientific research and innovation in the Middle East. UNESCO figures show that up to 57% of science, technology, engineering and mathematics graduates in Arab countries are women, while…
Australian rivals and Brexit barriers leave UK farmers on stony ground | Food industry
SWapping their pastures for the concrete jungle, hundreds of British farmers will take off their boots this week and head to a conference center in central Birmingham for the annual National Farmers Union (NFU) shindig.Nearly 1,500 food…
OBI Seafoods to Focus Sales Efforts on Alaskan Salmon at 2022 Seafood Expo North America
According to Mark Palmer, CEO of OBI Seafoods, spring is a key time for those looking to buy wild-caught Alaskan seafood, especially the state's famous salmon.OBI Seafoods, based in Seattle, Washington, USA, which was created in May 2020 by…
Rare earth prices remain high due to strong market demand: experts
rare earth Photo: VCGRare earth prices hit their highest level in a decade, with China's rare earth price index hitting 425.9 on Wednesday. Although this figure is down 0.9 points from Tuesday, it remains at a high level, according to…
Oil zoomed in on US apprehension of an impending Russian invasion of Ukraine and continued OPEC+…
Oil (WTI-Feb Exp) hit a 7-year high around 94.92 on Friday night on US apprehension of an imminent Russian invasion of Ukraine. Overall, oil is up more than 26% in 2022 (through Feb. 14) due to continued geopolitical uncertainty over…
Nigeria and soaring crude oil prices
POSTSCRIPT By Waziri Adio
Postscript by Waziri Adio
The price of crude oil reached a previously unimaginable depth on April 20, 2020. Within hours that day, the price of West Texas Intermediate crude futures!-->!-->…
Europe Daily News, February 11, 2022 | Insights and Events
COMPETETION
NOTon opposition to a notified concentration (Case M.10590 - PAI Partners / OTPP / Veonet)
NOTon opposition to a notified concentration (Case M.10587 - Blackstone / Warburg Pincus / INTRAFI Group)…
Spaulding Ridge Announces 2022 Women Elevate Tech Conference; announces Kate Eberle Walker, author…
CHICAGO, February 9, 2022 /PRNewswire/ -- Cloud consulting and implementation leader, Spaulding Ridge today announced that its Women's Leadership Council is hosting its first annual virtual conference, Women Elevate22, the 8 Marchand2022,…
Business News | Stock and Stock Market News | Financial News
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Biden expands Trump-era solar tariffs, but eases some
WASHINGTON (AP) — President Joe Biden on Friday extended tariffs imposed by former President Donald Trump on most solar panels imported from China and other countries. But in a nod to his efforts to fight climate change and boost clean…
Low Oil Inventories Suggest Looming Supply Shortage
The gas crisis in Europe began when it appeared that the continent's gas stocks were abnormally low in the fall. The whole world saw what it started. Today, it is global crude oil stocks that are running out.Earlier this month,…
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788 Billion Naira Earned Profit: Dangote, 4 Other Companies to Watch This Year
Dangote Cement, Nestle, MTN Nigeria, BUA Cement and Airtel Africa are the top five companies to watch in Nigeria this year, as they made N788 billion in combined after-tax profit (PAT) last year.
The companies also paid 386 billion naira in…
China increases its first 2022 rare earth quota by 20% to meet growing energy demand
rare earth Photo:VCG China has set a quota for the first batch of rare earth mining in 2022 at 100,800 tons, up about 20% from last year's level, with a smelting and separation quota at 97 200 tonnes, also up from 81,000 tonnes. in…
Democrats renew push for industrial policy bill targeting China
WASHINGTON — Biden administration officials and Democrats in Congress are pushing to revive stalled legislation that would inject billions of dollars into scientific research and development and bolster domestic manufacturing, amid deep…
Ukraine’s wheat exports in 2021-22 up 29% YoY, prices stabilize
Strong points
Wheat exports through January 24 at almost 16.6 million tonnes
Ongoing tensions with Russia could impact prices: traders
Ukraine's wheat export prices fell almost 3% on the month
Ukraine's…
Hopes of reopening the border between Hong Kong and the mainland around the Spring Festival have…
Hong Kong residents of the Kwai Chung estate take nucleic acid tests on January 22, 2022. Photo: cnsphotoHopes of the Hong Kong Special Administrative Region's (HKSAR) borders reopening with the Chinese mainland around the Spring Festival…
Chinese rare earth minerals are ‘a national security risk’: Senator Mark Kelly
Efforts by the Biden administration to reduce U.S. dependence on Chinese imports have renewed domestic efforts to produce rare-earth minerals critical to the production of electric and electronic vehicles.A new bipartisan Senate bill aims…
MARKETS: Sensex drops 400 pts driven by RIL, Infosys; Clever nearly 17,850
Markets at 10 a.m.
LIVE Market Updates: Benchmarks were lower early in the morning on selling IT stocks - Infosys, HCL Tech, TCS, private lender HDFC and heavyweight RIL, all of which were 1% lower. The BSE Sensex was 269…
Russia struggles to keep pace with OPEC+ oil supply increases
(Bloomberg) - Russia may only be able to deliver about half of its projected increases in crude production over the next six months, joining the ranks of OPEC+ nations struggling to grow even as fuel demand rebounds after the…
Building Capacity for Global Trade Negotiations: ICAB
Capacity building is essential to participate more effectively in multilateral, regional and bilateral trade negotiations, bankers, chartered accountants and industry leaders said in a webinar.
They also emphasized the payment of…
Here’s how to repay developing countries for colonialism – and tackle the climate crisis |…
AActivists who demand global reparations for colonialism and slavery are often accused of asking for the politically impossible. Internationally, however, reparations are more plausible than one might think. Indeed, an international…
Berkshire Hathaway invests in Ariel Re, extends quota sharing deal
Ariel Re, the Bermuda-based reinsurer, as well as National Indemnity Co. (NICO), a wholly-owned subsidiary of Berkshire Hathaway Inc., have announced a new strategic alignment between the two companies.
In separate transactions,…
Nigeria loses major investors as oil theft escalates
The year 2021 ended with a report that Nigeria experienced a deficit of nearly 200 million barrels of crude in the first 11 months of the year, mostly due to oil theft. But these experiences are all too common and are not…
Hainan’s China sees duty-free sales skyrocket in 2021
Customers smell perfumes at a duty free shop in Haikou, capital of southern China's Hainan Province, Jan. 3, 2022. Photo: Xinhua Foreign duty-free sales in southern China's Hainan Island Province reached 60.2 billion yuan (about $ 9.4…
A medical mess
Bandhs, gheraos and peaceful demonstrations are quintessential features of the democracy for which India is acclaimed around the world. After protracted protests against the Citizenship (Amendment) Act and the three farm laws,…
Movement of sugar for domestic and export markets affected by logistical barriers
The movement of sugar shipments within the country, for domestic and export markets, has been affected due to logistics issues, mainly to secure the necessary rail rakes, stakeholders said.âThe movement of sugar by rail…
SMA and AISI welcome US-EU duty-free quota agreement
US President Joe Biden's decision to implement a duty-free quota deal on steel imports from the European Union has been welcomed by the heads of two major US steel trade bodies.
Philip K Bell, president…
More attention needed around rare earth elements
Article By: John Walko
The rare earth element supply situation is exacerbated by global political tensions, as the vast majority of these vital…
Relief rally set to continue amid positive global clues, 5 things to know before you open the bell
The rally is expected to continue in the last trading session of the week amid positive global indices. SGX Nifty was up in the green, hinting at a positive start for Indian stocks.
The Dalal Street bulls appear to have entered a holiday…
MIFTAH completes training workshops on empowering female candidates for local elections
MIFTAH
Saturday, December 18. 2021
G20 summit took place ahead of COP26 climate negotiationsRome: Representing the main developed and developing economies of the world, the leaders of the G20 indicated on Sunday that they were against the premature withdrawal…
US, EU end Trump-era tariff war on steel and aluminum
WASHINGTON / ROME, October 30 (Reuters) - The United States and the European Union have agreed to end a nagging dispute over U.S. tariffs on steel and aluminum imposed by former President Donald Trump in 2018 , removing an irritant in…
Disruption of global supply chains means Tesla’s new plant in Germany could experience a…
Germany's auto industry - with a gross production value of nearly ⬠500 billion a year - braces for some hurdles in the road as global supply chains slowly come to a halt.This means that Tesla, which built Germany's newest…
The FFC announces its third quarterly results for the year 2021
Fauji Fertilizer Company Limited (FFC) announced its financial results for the nine-month period ended September 30, 2021 at its board meeting held on October 27, 2021.
The company made a net profit of Rs 15.89 billion, resulting in EPS…
The Shanghai Composite Index fell 0.34% on Tuesday
The Chinese benchmark Shanghai Composite Index (000001.SH) lost 0.34% on Tuesday, while the Shenzhen Component Index (399001.SZ) fell 0.3%.The Shanghai STAR 50 index with a strong technological component (000688.SH) lost 0.3% for…
US oil price surpasses $ 85 as OPEC wary of increasing crude supply
Through Sharon Cho and Alex Longley to 25/10/2021
SINGAPORE (Bloomberg) - Oil in the United States…
China wants local governments to speed up annual special bond borrowing
China will ask local governments to speed up borrowing through special purpose bonds (SPBs) and meet the annual quota by November, according to the finance ministry, a move that could boost infrastructure investment and support…
UPDATE 2 – USTR Tai optimistic on EU tariff dispute, seeks steel alliance
(Add Tai's meeting with the European Steel Association)By Philippe BlenkinsopBRUSSELS, Oct.21 (Reuters) - US trade negotiator Katherine Tai said on Thursday she was optimistic about resolving a dispute with the European Union over steel…
CHINA DATA: Brazil’s crude imports collapse to almost four years in September
Strong points
Late allocation of import quotas discourages the purchase of Brazilian crude
Chinese independent refineries favor Russian ESPO blend due to shorter trips
Middle East takes 50% January-September market…
What is Carbon Net-Zero? – The dictionary of climate change
âThe Climate Change Dictionaryâ is all about the buzzwords in global climate change policy, and zero carbon footprint is the most buzzy!Simply put, net zero is the state in which a country's carbon…
Daily update: October 18, 2021
Start each business day with our analyzes of the most pressing developments affecting the markets today, as well as a curated selection of our most recent and important information on the global economy.
Credit investors, seeking yield…
Turkey presents new changes to customs regulations
The regulation amending the customs regulations
On September 24, 2021, the Turkish Ministry of Commerce amended the customs regulations ("RegulationThe changes to the regulation introduced a simplified 'authorized consignor…
Metal prices soar as energy costs soar
A key index that tracks the prices of industrial metals, including aluminum, copper and zinc, has hit record highs as soaring energy prices slash their output.The London Metal Exchange index hit an all-time high on Thursday at 4,623.4…
Chinese real estate stocks and bonds hit by Evergrande concerns
The company logo can be seen at the headquarters of the China Evergrande Group in Shenzhen, Guangdong Province, China on September 26, 2021. REUTERS / Aly SongSHANGHAI, Oct. 14 (Reuters) - Stocks and bonds of Chinese real estate companies…