Trump to impose tariffs on countries sending oil to Cuba
U.S. President Donald Trump on Thursday threatened new tariffs on countries supplying oil to Cuba, escalating a pressure campaign against the Communis...
Pakistan is set to upgrade its national shipping fleet by 600% over the next three years, to improve efficiency, cut freight costs, and adopt cleaner maritime technologies. Pakistan’s Minister for Maritime Affairs, Muhammad Junaid Anwar Chaudhry, made the expansion announcement on Tuesday.
The move is part of a wider strategy to improve maritime infrastructure and enhance the country’s role in regional trade with a focus on incorporating greener technologies and energy-efficient vessels into the state-owned fleet.
Speaking at a high-level meeting, Chaudhry said the project reflects Pakistan’s long-term vision for the maritime sector.
“This initiative reflects our broader vision to modernize the maritime sector, boost operational efficiency, and introduce advanced technologies across all institutions,” he said.
The minister explained that the fleet expansion is expected to reduce Pakistan’s sea freight bills and help conserve foreign exchange reserves. He also emphasised the environmental aspect of the effort, which focuses on developing a more energy-efficient and climate-resilient maritime system.
Chaudhry added that future acquisitions will prioritise greener technologies and energy-efficient vessels for the state-owned fleet, in line with the country’s commitment to climate-smart growth.
Pakistan has been seeking to revitalise its maritime capabilities in recent years, with ports such as Karachi and Gwadar playing an increasingly important role in trade through the Arabian Sea. The government has also faced growing pressure to reduce the country’s reliance on foreign shipping lines and cut freight costs that weigh on its balance of payments.
The S&P 500 edged to a record closing high on Tuesday, marking its fifth consecutive day of gains, as strong advances in technology stocks offset a sharp selloff in healthcare shares and a mixed batch of corporate earnings.
Liverpool confirmed direct qualification to the UEFA Champions League round of 16 with a 6-0 win over Qarabağ at Anfield in their final league-phase match. Despite the setback, Qarabağ secured a play-off spot, with results elsewhere going in the Azerbaijani champions’ favour on the final matchday.
China is supplying key industrial equipment that has enabled Russia to speed up production of its newest nuclear-capable hypersonic missile, an investigation by The Telegraph has found, heightening concerns in Europe over Moscow’s ability to threaten the West despite international sanctions.
Storm Kristin has killed at least five people and left more than 850,000 residents of central and northern Portugal without electricity on Wednesday (28 January), as it toppled trees, damaged homes, and disrupted road and rail traffic before moving inland to Spain.
Storm Chandra brought severe flooding and widespread disruption to parts of Ireland and Northern Ireland on Tuesday, as strong winds and heavy rain swept across the island.
The European Commission has announced €153 million ($183 million) in emergency aid for Ukraine, alongside €8 million ($9.5 million) to support Moldova, which hosts large numbers of Ukrainian refugees.
U.S. President Donald Trump on Thursday threatened new tariffs on countries supplying oil to Cuba, escalating a pressure campaign against the Communist-run island.
Burkina Faso’s military-led government has dissolved all political parties and ordered their assets transferred to the state under a decree adopted by the authorities.
Bangladesh and Pakistan on Thursday resumed direct flight services after 14 years, marking a milestone in the revival of relations between the two Muslim-majority nations.
Truck drivers in two of the four Balkan states protesting against the EU’s tightened entry-exit rules stepped back on Thursday, easing some pressure on major cargo routes, while colleagues in Bosnia and Serbia kept their lines of trucks in place.
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