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Shell Predicts 50% Surge in Global LNG Demand by 2040
Global demand for liquefied natural gas (LNG) is projected to surge by over 50% by 2040, driven by increasing industrial coal-to-gas transition in China, along with elevated usage of LNG in South Asian and South-east Asian nations to bolster economic expansion, as per Shell’s LNG Outlook 2024. Trade in LNG hit 404 million tonnes in […]
PSO, ISGS, FWO Consortium Signs MoU for White Oil Pipeline
Pakistan State Oil (PSO), Inter State Gas Systems Pvt. Ltd (ISGS) and the military-owned Frontier Works Organization on Wednesday formed a consortium and signed a Memorandum of Understanding (MoU) for Machike-Thallian-Tarujabba White Oil Pipeline Project. The signing ceremony took place at the Special Investment Facilitation Council (SIFC) Secretariat, PM Office. Present at the event […]
Woman’s daring rescue of ‘Fluffy’ highlights invasive turtle encounter
A woman’s daring rescue of ‘Fluffy’, an invasive alligator snapping turtle, from a local lake in Cumbria, northwest United Kingdom, has garnered attention for the unusual encounter. The alligator snapping turtle, reminiscent of a dinosaur, is native to Florida but found its way into the small English lake, as reported by The New York Post. […]
Latest Houthi Attack: Star Bulk’s Star Iris Panamax Vessel Targeted in Red Sea
A 20-year-old Panamax bulk carrier, Star Bulk’s Star Iris, became the latest target of Houthi militants on Monday. The carrier, owned by NASDAQ-listed Star Bulk, was fired upon twice within a span of 20 minutes by missiles while passing through the Bab al Mandab strait in a southeast direction. AIS data obtained from MarineTraffic indicates […]
Pakistan Faces Amnesty International Backlash as Baloch Long March Ends Amid Harassment Allegations
The Government of Pakistan must guarantee the right to peaceful protest across the country, Amnesty International said Wednesday as the Baloch Long March protesters were forced to end their month-long sit-in protest in Islamabad following repeated harassment by the authorities. Hundreds of women in the Baloch Long March journeyed about a thousand miles from Turbat […]
OGDCL Unveils Major Crude Discovery, Achieves 1850 BPD Production Rate
The state-run Oil & Gas Development Company Limited (OGDCL) on Monday declared the discovery of crude oil at the SONO-9 well, according to an official statement released on Monday. Sono-9 is noteworthy as the first well to be directly completed with an Electrical Submersible Pump (ESP) following thorough well logging and pressure testing. The company’s […]
Brace Yourselves for Beer Shortage in the Upcoming Months
In the first major union contract battle of 2024, approximately 5,000 workers responsible for crafting popular beers like Bud Light are threatening to strike, this will create a beer shortage in the market in the coming months. They demand substantial wage increases, enhanced job security, and improvements to retirement and benefits. The workers, represented by […]
Microsoft, PNNL Unveil AI-Discovered Substance Reducing Lithium Use in Batteries
In a groundbreaking discovery, Microsoft, in collaboration with the Pacific Northwest National Laboratory (PNNL), has identified a novel substance using AI and supercomputing, poised to revolutionize lithium usage in batteries. Researchers assert that this innovative material can slash lithium consumption by up to 70 percent. Following its identification, the substance has already been employed to […]
South Korea Enforces Groundbreaking Dog Meat Ban by 2027
In a groundbreaking move, South Korea has enacted a “Dog Meat Ban,” prohibiting the slaughter and sale of dogs for meat, signaling a significant departure from the centuries-old tradition of consuming dog meat. Scheduled to be enforced by 2027, the legislation does not criminalize the act of consuming dog meat but specifically targets the dog […]
Al Jazeera Reporters Killed in Israeli Airstrike.
An Israeli airstrike in southern Gaza on Sunday resulted in the death of two Palestinian journalists, as reported by the Associated Press. Among the victims was Hamza Dahdouh, an Al Jazeera journalist who had previously lost four close relatives in the ongoing conflict. Hamza Dahdouh, the son of veteran Al Jazeera correspondent Wael Dahdouh, was […]
BYD Surpasses Tesla in 2023: China’s EV Dominance Expands Globally
BYD surpassed Tesla to claim the title of the world’s largest electric car company in the final quarter of 2023, as per a stock exchange filing. The Chinese company achieved this milestone by selling a record-breaking number of cars last year, including 525,409 battery electric vehicles (BEVs) in the three months ending December 31. In […]
China Shipbuilding Dominance: Set to Retain Global Lead in 2024
China’s Shipbuilding Dominance to continue in 2024, as market observers and shipbuilders anticipate sustained leadership in the global shipbuilding market. It is expected to maintain the lead in the global market throughout 2024. Chinese shipyards have shown robust growth in new orders and output, outperforming foreign rivals in innovation, productivity, and supply chain advantages. In […]
Airbus Atlantic’s 700+ Employees Suffer Mass Food Poisoning After Holiday Meal
Mass Food Poisoning has struck Airbus Atlantic in France, with over 700 employees falling ill with symptoms of vomiting or diarrhea following a Christmas dinner event near the northwestern city of Nantes last week. The ARS health agency in France has initiated an investigation into this widespread case of mass food poisoning, reporting that more […]
Red Sea Security Crisis: Global Diplomacy Amid Houthi Threats Sparks Concern for Shipping Routes
Amid the Israeli-Hamas conflict, a new dimension has emerged in the form of a Red Sea security crisis. The southern Red Sea region is currently experiencing escalating turmoil as Houthi forces from Yemen, with backing from Iran, have become entangled in the ongoing conflict about a month ago. Global diplomatic efforts are underway to address […]
Team Europe and Pakistan Government invest €179 million in Climate Initiative for Punjab Urban Centers
As a part of the Team Europe Initiative ‘Building Back Better through Green Jobs Creation,’ combining support from the European Union (EU), Germany, France, and Italy, the EU and the Agence Française de Développement (AfD) today have signed an agreement to spearhead a new climate initiative in the urban centers of Punjab. The joint effort […]
Stop Exercising: It May Speed Up Your Aging
Exercise may not hold the key to a longer life; in fact, excessive physical activity could expedite the aging process, according to Scandinavian experts and a recent yet-to-be-peer-reviewed study. The intricate study, conducted over 45 years in Finland and recently honored with a national sports medicine prize, challenges established beliefs that regular exercise contributes to […]
Pearl Harbor Remembrance: Unveiling 10 Untold Stories on 82nd Anniversary of the Devastating Attack
As the world marks the 82nd anniversary of the devastating attack on Pearl Harbor, we revisit the solemn events that unfolded on that fateful day. In a mere 75 minutes, the attack claimed the lives of 2,400 individuals, an annual commemoration that is observed with deep reverence for the fallen. Delving into the historical tapestry […]
Putin’s Rapid Saudi Tour: Crucial Talks on Gaza, Ukraine, and Oil
Russian President Vladimir Putin arrived in Saudi Arabia on Wednesday for urgent high-stakes discussions with Crown Prince Mohammed bin Salman (MBS) on oil, Gaza, and Ukraine. The meeting, characterized by its urgency, underscores the critical nature of the issues at hand and the need for swift diplomatic resolution. As global attention focuses on Putin’s Saudi […]
US Light Vehicle Sales Surge 8.5% YoY in November
US Light Vehicle (LV) sales experienced an 8.5% year-on-year (YoY) growth in November, reaching 1.22 million units, preliminary estimates reveal. The YoY surge, attributed to weak sales a year prior, fell slightly below expectations, although the selling rate remained consistent with recent months. Despite the improvement in inventory, customers seem to require higher incentives, marking […]
Moody’s Issues “Negative” Outlook for China’s Credit Rating Due to Escalating Debt Worries
Moody’s, the ratings agency, downgraded China’s credit rating outlook from “stable” to “negative” on Tuesday, citing escalating debt in the world’s second-largest economy. Beijing expressed its disappointment with the decision. According to the U.S. agency’s note, the downgrade is a response to mounting indications that the government and broader public sector will extend financial support […]