petrolprices
By Saqib Mugloo For the last month, Bilal Ahmed, a mathematics teacher from Srinagar, has been so busy that he hasn't had the time to even eat his meals on time. His phone keeps on ringing as journalists line up outside his residence to get a glimpse of his innovation that has earned him the title of "Elon Musk of Kashmir". Ahmed became an overnight sensation in Kashmir after he built a car that runs on solar energy. The mathematics teacher, who teaches at a coaching centre in Srinagar, built the car over a period of 11 years learning the process by watching YouTube videos. While his day job i...
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By Sourit Sanyal In the middle of a political turmoil, Pakistan is reeled for yet another economic crisis. Long hours of power outages is taking a toll on the business and daily livelihood. Amid the heatwave that is sweeping across several parts of South Asia, including India and Pakistan, the people there are facing power cuts up to 8-12 hours a day. The Chinese power producers, who come under the China-Pakistan Economic Corridor (CPEC), have now started shutting down various power plants as Shehbaz Sharif's cash-strapped government faces outstanding dues worth 300 billion rupees (US$1.5 bill...
BOOM Live
The Consumer Price Index measure of inflation surged to 3.2% in August (up from 2% in July).Q2 2021 hedge fund letters, conferences and more This is the biggest jump ever recorded for this index (which started in 1997).Part of this is due to the ‘Eat Out to Help Out’ scheme running last August, which pushed prices down significantly a year earlier, and will drop out of the figures next month.But some of it is down to big rises that look set to stick around - including food, petrol and cars.The Bank of England expects inflation to hit 4% by the end of the year.The ONS has released inflation dat...
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