Category: Uncategorized

    The most important export industry in Pakistan is textile. And the gas shortage is reflecting directly on that, causing inflation and weakening currency along with it. This is impacting tremendous stress on the overall economy of Pakistan. The executive director of all Pakistan Textile Mills, Shahid Sattar said, over 250 million dollars of textile exports was lost in the last month after mills in Punjab were forced to shut for 15 days. Factories of that region depend on regasified imports of liquefied natural gas. While the domestic gas…

        Japan has declared a state of emergency in another three prefectures that have been hard hit by the dreaded Covid-19 pandemic. It is a surprise move that has mirrored growing concerns about the coronavirus spread. The recent declaration has come as Japan has grappled with the number of infectious virus strains as the Tokyo Olympics is going to start on 23rd July which is just 10 weeks away. Okayama, Hokkaido, and Hiroshima are going to join Osaka and Tokyo and also four other prefectures on Sunday…

  The automaker Volkswagen announced on Friday that the company will be claiming damages from former Audi boss Rupert Stadler and former Chief Executive Martin Winterkorn. They will be seeking damage for the diesel emissions scandal that spoiled the company’s image. The company revealed that it found Winterkorn and Stadler breaching their duty of care through a legal investigation. The investigation has not mentioned any more violations by other members of the management board. Both the accused have denied the allegations against them over the scandal. Volkswagen was accused of…

        Legendary musician of Canadian descent, Neil Young sold about half a stake in his songs to Hipgnosis Songs Fund, a British investment company. The company lets people invest in hit songs. According to company owner Merck Mercuriatis, the company specializes in marketing hit songs through different products and settings. He also added that some of the biggest publishing houses out there can have as many as 20,000 such songs allocated for each person. The company currently operates between ratios of 500 to 1,000 per person. So,…