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Articles for tag: arrest, cuts, diplomatic, Ecuador, exvice, Glas, Jorge, Mexico, President, ties

April 6, 2024

News Desk

Mexico cuts diplomatic ties with Ecuador after arrest of ex-vice president Jorge Glas

Jorge Glass was taken into custody in Ecuador. — Reuters/File Mexico severed diplomatic relations with Ecuador on Friday after Ecuadorian authorities arrested former vice president Jorge Glas from the Mexican embassy in Quito. CNN mentionted. Glass, twice convicted of corruption, had been holed up in the embassy since he sought political asylum in December, a request Mexico made earlier Friday. Police forcefully entered the Mexican embassy in Quito before making the arrest, Mexican President Andres Manuel Lopez Obrador posted on X, formerly known as Twitter. A statement issued by the office of the president of Ecuador announced that the arrest

March 7, 2024

News Desk

Dubai cuts visa processing time from 30 to 5 with less paperwork

Dubai’s vice president says the project is “designed to expedite, simplify and streamline” the residency and employment process An aerial view of Dubai shows the tallest building in the world, the Burj Khalifa (centre). — Unscrew Travelers gather! If you are hoping to move or work in Dubai, then we have great news for you as the authorities in the UAE have reduced the processing time and number of documents required for residence visas and work documents. Previously, it took 30 days to onboard a new employee, but under the new guidelines, it will now take five days to do

February 15, 2024

News Desk

Dietitian cuts plant-based diet by exposing nutritional flaws of meats

Health expert Joel Bikman sheds light on three critical risks associated with a plant-based diet. Pre-cut vegetables from a self-service salad bar are displayed for sale at a shop in the northern German city of Hamburg, May 26, 2011. —Reuters The rise in popularity of plant-based diets is undeniable, fueled by social media influencers and many embracing it as a lifestyle choice. However, Joel Bikman, co-founder of an innovative health and weight loss company, sheds light on three critical risks associated with a plant-based diet. According to KSL, Bikman stresses the importance of understanding potential pitfalls before fully adopting a

February 10, 2024

News Desk

Bank job cuts expected in Asia

Overall, investment banking fees raised by global banks in the Asia-Pacific fell 25% in 2023 from a recent peak of $40.6 billion in 2021, according to data from LSEG. Photo: REUTERS HONG KONG: Job cuts at Western investment banks in Asia are expected to increase this year as revenue pressures mount due to deepening economic and market turmoil in China, even as deal prospects brighten in Japan and India, headhunters and bankers said. A new round of staff cuts that began in late 2023 in mainland China and Hong Kong, key regional investment banking hubs, will accelerate in the coming

January 30, 2024

News Desk

King Charles’s charity cuts ties with Rahat Fateh Ali Khan

The British Asian Trust, an anti-violence organization founded by King Charles III, has decided to end its partnership with famous singer Rahat Fateh Ali Khan after a video was released showing the famous singer attacking a member of the band. Praised for its uncompromising stance against abusive behaviour, the Trust immediately condemned any act of violence after reviewing the disturbing material. According local news, a representative of the British Asian Trust shed light on the decision to end its relationship with the singer, after a thorough review of the video. A spokesman for the Trust said: “The British Asian Trust

December 15, 2023

News Desk

Govt cuts petrol price by Rs 14, HSD by Rs 13.50 per liter

The caretaker federal government cut the price of petrol by Rs 14 per liter and high-speed diesel (HSD) by Rs 13.50 per liter on Friday, providing much-needed relief to people who have borne the brunt of a severe economic crisis since then. mid 2022. The decline came after crude oil prices fell in international markets and the Pakistani rupee appreciated against the US dollar. According to a Finance Department release, the price of kerosene oil was reduced by Rs 10.14, while the prices of light diesel oil (LDO) were reduced by Rs 11.29 per litre. The new Petroleum prices for

December 8, 2023

News Desk

Russia, Saudi Arabia urge all OPEC+ powers to join oil cuts

MOSCOW: Saudi Arabia and Russia, the world’s two biggest oil exporters, on Thursday called on all OPEC+ members to join a deal to cut output for the good of the global economy, days after the producers’ club met fractiously. Hours after Russian President Vladimir Putin flew to Riyadh on a hastily scheduled visit to meet Saudi Crown Prince Mohammed bin Salman, the Kremlin issued a joint Russian-Saudi statement on the conclusion of their talks. The Organization of the Petroleum Exporting Countries, Russia and other allies agreed last week to new voluntary cuts of about 2.2 million barrels per day (bpd),

November 12, 2023

News Desk

Iraq backs OPEC+ cuts ahead of meeting

NEW YORK: Oil prices gained about 2% on Friday as Iraq voiced support for OPEC+ oil cuts ahead of a meeting in two weeks and as some speculators covered huge short positions ahead of the weekend’s uncertainty. However, prices stabilized with weekly losses of 4%, their third straight weekly decline. “This was the perfect technical storm. We entered this week with a near record short position and now we see some short covering going into the weekend,” said Phil Flynn, analyst at Price Futures Group. Flynn noted that in addition to Iraq’s comments, Saudi Arabia and Russia confirmed this week

November 7, 2023

News Desk

Oil rises as Saudi Arabia and Russia insist on supply cuts

HOUSTON: Oil prices rose on Monday after top exporters Saudi Arabia and Russia reaffirmed their commitment to further voluntary oil supply cuts by the end of the year. Brent crude futures were up $1, or 1.2%, at $85.89 a barrel at 17:13 GMT, while U.S. West Texas Intermediate crude was up $1.11, or 1. 4%, to $81.62. Saudi Arabia confirmed on Sunday that it will continue its additional voluntary cut of 1 million barrels per day (bpd) in December to keep output around 9 million bpd, the energy ministry said. Russia also announced it would continue its additional voluntary cut

November 6, 2023

News Desk

Saudi Arabia, Russia to Continue Voluntary Oil Cuts Citing Demand Concerns

The OPEC logo pictured before an informal meeting between members of the Organization of the Petroleum Exporting Countries (OPEC) in Algiers, Algeria, September 28, 2016.—Reuters Saudi Arabia and Russia, two top oil exporters, announced their intentions to continue additional voluntary cuts in oil production until the end of the year. Those cuts are being extended by concerns about demand and economic growth, which continue to weigh on crude oil markets. Saudi Arabia will maintain its additional voluntary cut of 1 million barrels per day (bpd), which translates to an output level of around 9 million bpd for December. The decision

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