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Month: May 2025

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Saudi oil giant Aramco’s profits drop over 4% as oil prices fall

[ad_1] Saudi Arabia's oil giant, Aramco, has reported a 4.6% decline in its first-quarter profits, weighed down by falling global oil prices, which have pressurised the country's ambitious multi-trillion-dollar development plans.The company posted $26 billion in net profit for the quarter ending March against the $27.2 billion earned during the same period last year. However, the company’s revenue stood at $108.1 billion, marginally higher than last year’s $107.2 billion.“Global trade dynamics affected energy markets in the first quarter of 2025, with economic uncertainty impacting oil prices,” Aramco president and CEO Amin H Nasser said.The results were released in a stock exchange filing on Riyadh’s Tadawul market on Sunday.Aramco’s shares were trading above $6 on Thursday, down from about $8 last year, following a steady decline over the past year as oil prices have fallen. Only a small portion of Aramco […]

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Sudan says may halt South Sudan oil exports after RSF attacks

[ad_1] Representative Image (AI-generated) Sudan's army-aligned government has told energy firms to prepare to stop handling crude oil from South Sudan, which relies on its neighbour for exports, after attacks on key facilities, according to a letter seen by AFP.In the letter dated Friday, the Sudanese energy and petroleum ministry informed its South Sudanese counterpart that "the risk of stoppage of export operations is very high" after a spate of drone attacks blamed on rival paramilitaries.A key pump station and a fuel depot in army-controlled areas of Sudan were struck this week, the letter said, as the paramilitary Rapid Support Forces (RSF) have increasingly targeted government infrastructure across the country, impacting critical electricity and fuel facilities.The war between the regular army and the RSF since April 2023 has killed tens of thousands, uprooted 13 million and sent ripples through East […]

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Godrej Properties to launch housing projects worth Rs 40,000 cr in FY26, targets 20% growth in sales bookings

[ad_1] Godrej Properties is set to launch residential projects worth Rs 40,000 crore in the financial year 2025-26 as part of its strategy to expand operations and boost its market share. The company aims to maintain its position as the top listed real estate developer in terms of sales bookings, according to Executive Chairperson Pirojsha Godrej.In an interview with PTI, Pirojsha said housing demand remains strong despite global economic uncertainties. The company recorded sales bookings of Rs 29,444 crore in FY25—its highest ever and the top among listed real estate firms."So, overall, I am very happy with the company's performance in FY25, and I think, key is now to maintain this momentum in the current financial year," Pirojsha said.He added that the company will continue investing in land acquisition and project development to fuel growth and strengthen its market presence."We […]

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Godrej Properties to launch housing projects worth Rs 40,000 cr in FY26, targets 20% growth in sales bookings

[ad_1] Godrej Properties is set to launch residential projects worth Rs 40,000 crore in the financial year 2025-26 as part of its strategy to expand operations and boost its market share. The company aims to maintain its position as the top listed real estate developer in terms of sales bookings, according to Executive Chairperson Pirojsha Godrej.In an interview with PTI, Pirojsha said housing demand remains strong despite global economic uncertainties. The company recorded sales bookings of Rs 29,444 crore in FY25—its highest ever and the top among listed real estate firms."So, overall, I am very happy with the company's performance in FY25, and I think, key is now to maintain this momentum in the current financial year," Pirojsha said.He added that the company will continue investing in land acquisition and project development to fuel growth and strengthen its market presence."We […]

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US announces trade deal with China after two days of negotiation in Geneva: ‘Differences were not so large’

[ad_1] US announces trade deal with China The US on Sunday announced that it had struck a trade deal with China after two days of negotiation facilitated by the Swiss government in Geneva. The details of the deals have not been announced yet.The weekend talks marked a significant step toward thawing US-China trade relations as ahead of the talks, President Trump indicated that he was willing to lower the tariff rate on China to 80 per cent from the current 145 per cent, saying in a post to social media that it was “up to Scott B.,” referring to Bessent."I'm happy to report that we made substantial progress between the United States and China in the very important trade talks. First, I want to thank our Swiss host. The Swiss government has been very kind in providing us this wonderful […]

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Mark Carney in trouble: Nearly 1.6 million out of job in Canada, one of the largest and richest countries in the world, 30,000-plus job cuts in April

[ad_1] It appears to be Tough-Tough time for Canada's new Prime Minister Mark Carney. Canada, a global economic powerhouse known for its vast natural resources and high living standards, added a mere 7,400 jobs in April 2025, while the unemployment rate surged to 6.9%, the highest since November 2023. This lackluster performance in one of the world’s richest nations has sparked concerns about economic stagnation, with U.S.tariffs on key Canadian exports like steel, aluminum, and automobiles cited as a major culprit. The weak job numbers, coupled with a growing labor force, signal mounting challenges for Canada’s economic resilience amid escalating trade tensions.30,000-plus job cuts in one month, unemployment at one of the highestAccording to Statistics Canada, approximately 1.6 million Canadians are now unemployed, with the labor market showing significant strain. The 7,400 net jobs added in April pale in comparison […]

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Who are the Afrikaners whom Trump wants in the US while he deports everyone else?

[ad_1] Trump administration will welcome 49 South Africans to the US tomorrow. About 49 White South Africans will be admitted to the US Monday while everyone else remains most unwelcome in Donald Trump's administration. Stephen Miller, White House deputy chief of staff, said this will be the first move in a "much larger-scale relocation effort".“What’s happening in South Africa fits the textbook definition of why the refugee program was created,” Miller said. “This is race-based persecution. The refugee program is not intended as a solution for global poverty — and historically, it has been used that way.”These South Africans will get US citizenship, apart from housing, groceries. As many as 1,000 Afrikaners could be admitted to the US this year. Who are these Afrikaners?Afrikaners are a Southern African ethnic group which descended from mainly Dutch settlers who first arrived at […]

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Air Force conducts precision strikes on multiple Pakistani airbases; satellite imagery reveals damage to key infrastructure | India News

[ad_1] NEW DELHI: The Indian Air Force (IAF) conducted coordinated precision strikes on at least four Pakistani airbases on May 10, with satellite imagery confirming significant damage to infrastructure and ground assets. As per sources, the attacks were carried out using advanced air-launched cruise missiles (ALCMs), likely the BrahMos.Imagery released by Indian space analytics firm KawaSpace confirms a direct hit on a hangar at Pakistan Air Force’s Bholari Airbase. Debris and structural damage were visible, with the strike's proximity to the runway suggesting that the targeted hangar may have had a quick reaction alert (QRA) role.At Shahbaz Airbase in Jacobabad, another precision strike reportedly hit a hangar on the main apron. KawaSpace imagery also suggests possible secondary damage to the air traffic control (ATC) building at the site.Sargodha Airbase was also struck, though the extent of damage has not been […]

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‘I will be waiting for Putin’: Zelenksyy ahead of ceasefire talks with Russia in Turkey

[ad_1] Ukrainian President Volodymyr Zelenskyy on Sunday said he is ready to meet Russian President Vladimir Putin in Türkiye for direct peace talks.Zelenskyy expressed hope that a proposed ceasefire beginning Monday could finally bring an end to the bloodshed in the Ukraine–Russia conflict, which has now lasted almost three years.“I will be waiting for Putin,” Zelenskyy said, reports the Associated Press. The Ukrainian president reaffirmed his country's commitment to negotiations, provided that hostilities come to a full stop.The announcement followed a weekend of fast-moving diplomatic developments, including a proposal from Putin to restart direct talks with Ukraine in Istanbul on May 15, “without preconditions.” However, Russian shelling continued in Ukraine’s Sumy and Kherson regions over the weekend, killing several civilians and casting doubt on Moscow’s intentions.Meanwhile, US President Donald Trump welcomed the development, calling it a “potentially great day for […]

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‘I would give the captaincy to Virat Kohli… Shubman Gill can be his VC’: Former England captain

[ad_1] NEW DELHI: Former England skipper Michael Vaughan has stirred discussion by backing Virat Kohli to lead India in the upcoming five-match Test series against England, starting June 20. Go Beyond The Boundary with our YouTube channel. SUBSCRIBE NOW!Taking to social media platform X, Vaughan posted, "If I was India I would give the captaincy to Virat for the Test series in England .. Shubman Gill can be his VC for the tour .."Kohli, who stepped down from Test captaincy during the South Africa tour in 2021–22, has remained a central figure in India’s Test setup, even as he has refrained from leadership duties.According to a recent TimesofIndia.com report, the veteran batter has expressed a desire to retire from Test cricket and has communicated the same to the BCCI, raising questions about his long-term future in the format.India's probable Test […]

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