Authorities urged to unlock £2.5bn Chelsea sale funds amid Abramovich dispute

Authorities urged to unlock £2.5bn Chelsea sale funds amid Abramovich dispute

The UK authorities is going through mounting political strain to unlock £2.5 billion in proceeds from the sale of Chelsea Soccer Membership, as opposition figures warn additional delays threat undermining help for Ukraine. The funds, frozen since 2022 following the compelled sale of the membership by sanctioned Russian oligarch Roman Abramovich, stay tied up in…

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Rolls-Royce scraps 2030 all-electric goal amid weaker EV demand

Rolls-Royce scraps 2030 all-electric goal amid weaker EV demand

Rolls-Royce Motor Vehicles has deserted its ambition to develop into a totally electrical model by 2030, marking a major shift in technique as the worldwide transition to electrical automobiles reveals indicators of slowing on the very prime finish of the automotive market. The choice, confirmed by chief government Chris Brownridge, reverses a high-profile dedication made…

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UK authorities backs away from AI copyright overhaul as licensing emerges because the battleground

UK authorities backs away from AI copyright overhaul as licensing emerges because the battleground

The UK authorities has stepped again from certainly one of its most controversial proposals on synthetic intelligence and copyright, signalling a decisive shift in the direction of market-led licensing and better transparency reasonably than sweeping authorized reform. In its long-awaited Report on Copyright and Artificial Intelligence, revealed in March 2026, ministers verify they’ll now not…

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Refining sector to profit from increased GRMs amid widening spreads

Refining sector to profit from increased GRMs amid widening spreads

A view of the newly-commissioned Dangote Petroleum refinery is pictured in Ibeju-Lekki, Lagos, Nigeria Could 22, 2023. — Reuters Crude-HSD unfold rises to ~$55/bbl; crude-MS hole at ~$10/bbl. Historic common crude-product unfold is $25–$30 per barrel. Feb 2026 refinery throughput rose 29% YoY on robust product demand. Pakistan’s refining business is poised to realize from…

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Disaster of Strait of Hormuz

Disaster of Strait of Hormuz

Ishtiaq Baig The world’s consideration is concentrated on the Strait of Hormuz, probably the most necessary maritime routes globally. Rising tensions between the USA, Israel, and Iran haven’t solely endangered regional peace however have additionally raised critical considerations in regards to the international financial system and vitality provide. This example has taken the type of…

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Salaried class tops tax contributions with Rs365bn in July-Feb

Salaried class tops tax contributions with Rs365bn in July-Feb

An worker counts Pakistani rupee notes at a financial institution in Peshawar, August 22, 2023. — Reuters Tax receipts improve regardless of restricted reduction in preliminary slabs. IMF talks focus on proposals however no selections reached on retailers. Slim tax base limits possibilities of reduction for salaried class. ISLAMABAD: Within the first eight months (July-February)…

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