A Central Asian state bordering China, Kyrgyzstan became independent with the collapse of the Soviet Union in 1991. It has some oil and gas and a developing gold mining sector, but relies on imports for most of its energy needs. Resentment at widespread poverty and ethnic divisions between north and south have spilled over into...
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Category: Russia
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Musk and Zelenskiy Twitter showdown over billionaire’s Ukraine peace plan
President Volodymyr Zelenskiy (l), Elon Musk (r). — Reuters Billionaire Elon Musk on Monday asked Twitter users to weigh in on a plan to end Russia’s war in Ukraine that drew immediate condemnation from Ukrainians, including President Volodymyr Zelenskiy, who responded with his own poll. “Which @elonmusk do you like more?,” Zelenskiy tweeted, offering two responses:...
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Russian parliament ratifies agreements on 4 Ukrainian regions joining Russian territory
Russia’s upper chamber of parliament, the Council of Federation, unanimously ratified agreements on four Ukrainian regions joining Russian territory. On Monday, all members of Russia’s lower chamber of parliament, the State Duma, also voted in favor of the agreements on incorporating the Donetsk, Kherson, Luhansk, and Zaporizhzhia regions into Russia. After both chambers of the...
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Donald Trump sues CNN for defamation, seeks $475M in punitive damages
Former President Donald Trump has sued American news network CNN for defamation, seeking $475 million in punitive damages. Trump’s lawyers filed a lawsuit in US District Court in Fort Lauderdale, Florida on Monday, focusing on what they termed “CNN’s campaign of dissuasion in the form of libel and slander.” Trump accused the broadcaster of pursuing...
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India loses contact with budget Mars orbiter after eight years
India has lost contact with its Mars orbiter, eight years after the low-cost probe made it the first Asian nation with a spacecraft circling the red planet, its space agency said. Although “designed for a life-span of six months as a technology demonstrator, the Mars Orbiter Mission has lived for about eight years in the...
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European shares rally sharply ahead of producer price data
European shares rose sharply on Tuesday in a broad-based rally, led by chipmakers, travel and leisure companies, and some strong corporate updates, with investors eyeing producer price data due later in the day. The region-wide STOXX 600 index was up 2% by 0827 GMT, hitting its highest level since Sept. 23. Equities in the region...
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India loses contact with budget Mars orbiter after eight years
NEW DELHI: India has lost contact with its Mars orbiter, eight years after the low-cost probe made it the first Asian nation with a spacecraft circling the red planet, its space agency said. Although “designed for a life-span of six months as a technology demonstrator, the Mars Orbiter Mission has lived for about eight years...
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Energy crisis: Pakistan fails to secure LNG contract
In a significant development, Pakistan LNG Limited (PLL), a wholly-owned subsidiary of Government Holdings Private Limited (GHPL), failed to receive a single bid from international suppliers for the purchase of Liquefied Natural Gas (LNG) in a tender that expired on Monday. Back in August, PLL invited bids for 72 LNG cargoes from international suppliers across...
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Markets rally, dollar dips as US data tempers rate fears
HONG KONG: Asian markets rallied Tuesday and the dollar eased after weak US factory data sparked optimism that a series of big interest rate hikes were taking their toll, allowing the Federal Reserve to ease its foot off the pedal. Oil also continued to rise on expectations OPEC and other major producers will slash output...
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Energy crisis: Pakistan fails to secure long-term LNG supply
In a significant development, Pakistan LNG Limited (PLL), a wholly-owned subsidiary of Government Holdings Private Limited (GHPL), failed to receive a single bid from international suppliers for the purchase of Liquefied Natural Gas (LNG) in a tender that expired on Monday. Back in August, PLL invited bids for 72 LNG cargoes from international suppliers across...
