US unemployment benefit claims rose last week but stayed at levels that still point to a labour market holding together, even as investors and policymakers brace for a March inflation reading that could complicate the Federal Reserve’s next move. Initial claims for state unemployment benefits increased by 16,000 to 219,000 in the week ended April 4, according to Labor Department data released on Thursday. The prior week’s […]
By Nitya Chakraborty All nations in the globe except perhaps Israel have welcomed the ceasefire agreement for two weeks between U.S. and Iran announced by President Donald Trump on April 7 evening US time and later endorsed by the Iranian government. The ceasefire is fragile – Israel has bombed Lebanon killing 254 persons on Wednesday […]
The article Ceasefire Agreement Is Fragile But Islamabad Talks Must Be Used For Stable Peace appeared first on Latest India news, analysis and reports on Newspack by India Press Agency).
Greenlogue/AP Abu Dhabi’s 2PointZero Group has moved deeper into the renewable energy market in India through a new joint venture between its subsidiary ePointZero RSC and Adani Green Energy, extending a relationship between the two business groups and underscoring continued Gulf interest in large-scale clean power assets on the subcontinent. The venture will be executed through Minerva Holding, ePointZero’s renewable development platform in India, according to statements […]
GitLab has issued a security update covering multiple vulnerabilities in its Community Edition and Enterprise Edition products, with the latest patch aimed at denial-of-service weaknesses and an Enterprise-only code injection issue that could expose users’ IP addresses through maliciously crafted Code Quality reports. The company said self-managed customers should upgrade immediately to versions 18.10.3, 18.9.5 or 18.8.9, while GitLab. com is already running the patched release and […]
Google has begun rolling out vertical tabs and an upgraded reading mode to the desktop version of Chrome, adding two widely requested features aimed at users juggling large numbers of open pages and those seeking a cleaner full-screen reading experience. The company said the changes are arriving for Chrome on desktop platforms including Windows, macOS, Linux and ChromeOS, with availability expanding gradually rather than landing for all […]
Commercial Bank of Dubai will redeem $600 million of perpetual additional tier 1 securities on April 21 and seek to cancel their listings on Euronext Dublin and Nasdaq Dubai once the repayment is completed, marking the planned exit of a capital instrument the lender issued in 2020 as Gulf banks were strengthening balance sheets during a volatile funding period. The securities were issued on October 21, 2020 […]
Arabian Post Staff -Dubai Regional tensions showed little sign of easing on Wednesday as the United Arab Emirates reported a new wave of Iranian missile and drone attacks despite a ceasefire announced between Washington and Tehran. The UAE Ministry of Defence said air defences intercepted 17 ballistic missiles and 35 drones launched on April 8, adding to a mounting tally of projectiles intercepted since the wider confrontation […]
Palo Alto Networks has issued a high-priority security update for a flaw in its Cortex XSOAR and Cortex XSIAM platforms that could allow an unauthenticated attacker to access and alter protected resources through the Microsoft Teams integration, adding fresh pressure on security teams to review third-party connectors that sit inside core incident response systems. The vulnerability, tracked as CVE-2026-0234, was published on April 8 and affects Microsoft […]
Iran-affiliated cyber actors are targeting internet-facing industrial control equipment used by parts of the United States’ critical infrastructure, with federal agencies warning that the campaign has already caused operational disruption and financial loss in some cases. The alert, published on April 7, said the activity was focused on operational technology devices, including programmable logic controllers, or PLCs, made by Rockwell Automation’s Allen-Bradley line. The warning matters because […]
Anthropic has launched Project Glasswing, a controlled cybersecurity programme that gives a select group of large technology, finance and security organisations access to its unreleased Claude Mythos Preview model to identify and help fix serious software vulnerabilities in widely used systems. The company says the model has already uncovered thousands of significant flaws across operating systems, browsers and other foundational software, but has stopped short of making […]
By Asad Mirza It seems that President Trump’s Tuesday morning Truth Social post, which threatened “a whole civilisation will die tonight” and raised the spectre of nuclear war, has jolted the American lawmakers, and it has begun a chorus of calls either for Trump’s impeachment or for his removal via the invocation of the 25th […]
The article Irrespective Of Two Week Ceasefire, Demand For Impeachment Of Trump Grows In U.S. Congress appeared first on Latest India news, analysis and reports on Newspack by India Press Agency).
Arabian Post Staff -Dubai Dubai shares posted their strongest one-day rise in more than a decade on Wednesday after a two-week ceasefire between the United States and Iran eased fears over a wider regional conflict, soothed concern over energy shipping routes and triggered a broad relief rally across Gulf markets. Dubai’s benchmark index jumped as much as 8.5% intraday, while Abu Dhabi’s main market also recorded its […]
Arabian Post Staff -Dubai Physical crude prices for immediate delivery have surged to levels close to $150 a barrel for some grades, leaving paper benchmarks lagging and exposing the depth of the supply strain caused by the Hormuz crisis. European and Asian refiners have been forced to pay sharply higher premiums for cargoes that can be processed now, as the disruption to flows through the Strait of […]
Arabian Post Staff -Dubai Airlines and energy traders are bracing for a prolonged squeeze in aviation fuel supplies even after the Strait of Hormuz reopened under a two-week ceasefire arrangement announced by US President Donald Trump, with the head of the International Air Transport Association warning that disruption to jet fuel availability could take months to unwind. Oil prices dropped sharply below $100 a barrel after the […]
Google has quietly introduced a free iPhone app that pushes its on-device AI ambitions further into everyday productivity, offering voice dictation that works without a network connection while automatically cleaning up spoken text into more polished prose. The app, Google AI Edge Eloquent, is listed on Apple’s App Store as a Google-developed productivity tool for iPhone, described as free and built around local processing using the […]
Arabian Post Staff -Dubai Oil prices fell sharply on Tuesday after US President Donald Trump said he had agreed to a two-week ceasefire with Iran, tied to the immediate and safe reopening of the Strait of Hormuz, easing fears of a prolonged supply shock through one of the world’s most important energy chokepoints. Reuters reported Brent crude was down 13.3 per cent at $94.76 a barrel in […]
Arabian Post Staff -Dubai Sharjah authorities said on Tuesday that a ballistic missile fired from Iran hit an administrative building belonging to Thuraya Telecommunications Company in the emirate’s Central Region, wounding two Pakistani nationals and underlining how the wider regional conflict is reaching civilian and commercial sites in the UAE. Officials said both men suffered moderate injuries and were taken to hospital for treatment. State news agency […]
Sony Interactive Entertainment has entered an agreement to acquire Cinemersive Labs, a UK-based machine learning and computer vision company, in a move that signals a deeper push into AI-driven graphics, rendering and visual tools for PlayStation. Sony said the team will join its Visual Computing Group and help advance visual computing inside games, with work aimed at enhancing gameplay visuals, improving rendering techniques and raising visual fidelity […]
The head of the International Monetary Fund on Monday defined the direction of glbal economic travel with unusual clarity. “All roads now lead to higher prices and slower growth,” said managing director Kristalina Georgieva in an interview. The IMF had expected global growth of 3.3% in 2026. Six weeks of war centred on Iran and the disruption of the Strait of Hormuz have already forced a rethink. […]
By Nitya Chakraborty China and Russia are the two major countries which are going the wholehog in boosting the Myanmar junta chief Min Aung Hlaing who has just been elected as the new President following national elections which were rigged, according to the international poll observers. India also exercised its diplomatic pragmatism by doing away […]
The article China Goes All Out To Boost The New President Of Myanmar Min Aung Hlaing appeared first on Latest India news, analysis and reports on Newspack by India Press Agency).
A high-speed TGV travelling from Dunkirk to Paris struck a military truck at a level crossing in northern France on Tuesday, killing the train driver and injuring passengers in a crash that has renewed scrutiny of rail safety on one of Europe’s most intensively used networks. Authorities said the collision happened in Pas-de-Calais, between Béthune and Lens, after the train hit a trailer carrying military equipment. Emergency […]
Microsoft has warned that a threat actor it tracks as Storm-1175 is exploiting vulnerabilities in internet-facing systems at high speed to deliver Medusa ransomware, in some cases moving from initial access to data theft and encryption within 24 hours. The alert points to a pattern that security teams have feared for months: a shrinking window between vulnerability disclosure, exploitation and full-scale ransomware deployment. The group, described […]
Arabian Post Staff -Dubai UAE businesses are sharply increasing their use of artificial intelligence to cut costs, raise output and strengthen resilience, with AI-related spending rising 521 per cent over the past 13 months, according to a new market snapshot based on corporate payment data. The findings point to a shift from trial use to operational deployment, particularly among smaller businesses seeking quicker productivity gains in a […]
The rebound matters because EAF steel has long struggled to gain ground in China despite official support for cleaner production. The route relies mainly on scrap rather than iron ore and coking coal, making it structurally less carbon intensive than the blast furnace-basic oxygen furnace model that still dominates the country’s steel industry. World Steel Association figures show the global production mix is far more tilted towards EAF than China’s, with electric-arc furnaces accounting for 28.6% of world crude steel output, while average carbon intensity for scrap-based EAF steelmaking is markedly below that of the conventional blast furnace route.
For Chinese mills, the immediate story is not only about decarbonisation but about economics. Higher finished-steel prices and steadier demand for construction steel have made it easier for some EAF operators to restart or raise run-rates after a prolonged spell in which many were squeezed by electricity bills, uneven scrap supply and patchy orders. Reuters reported in late February that warmer weather and the resumption of building activity typically support steel demand in March, while temporary production curbs in northern blast-furnace regions also helped firm futures prices. That backdrop has narrowed the gap between scrap-fed mills and traditional producers, even if the advantage remains fragile.
Yet the broader steel market in China remains difficult. Official and consultancy data cited by Reuters show crude steel output in 2025 fell to 960.1 million tonnes, down 4.4% from 2024 and below one billion tonnes for the first time since 2019. That decline reflected a managed effort by Beijing to address overcapacity, but it also underscored softer domestic demand and the long shadow cast by the property downturn. State-backed forecasts cited by Reuters indicate steel demand is expected to slip again in 2026 after contracting sharply in 2025, suggesting that EAF mills are recovering within a shrinking overall market rather than riding a broad-based industrial boom.
That tension helps explain why Beijing continues to press for structural change. The National Development and Reform Commission said in March that China would curb excess capacity in steel and other heavy industries in an orderly way, renewing a campaign that has featured repeatedly in official policy language. The cleaner EAF route fits that policy direction because it uses recycled feedstock and can reduce reliance on imported iron ore, but steelmakers still take their cues from margins first. When profits weaken, producers often retreat to whichever process best matches raw material costs, local power tariffs and available supply chains.
The environmental case for EAF expansion remains strong. Reuters reported last year that China had aimed to raise EAF steel’s share of crude steel production to 15% by 2025 and 20% by the end of the decade, but the actual share had been stuck around 10%. A 2025 review by the Centre for Research on Energy and Clean Air said missing the 15% milestone would add more than 160 million tonnes of carbon dioxide emissions compared with a stronger shift towards cleaner steelmaking, while high electricity costs, unreliable scrap flows and financial strain had kept many EAF operators on the back foot.
China’s steel industry also faces an external pressure point: trade. Even as domestic demand softened, exports climbed to a record 119.02 million tonnes in 2025, up 7.5% from a year earlier, according to Reuters. That export surge helped keep mills running, but it also intensified complaints abroad over cheap supply and raised the risk of more trade barriers. For EAF producers, this creates a mixed picture. Strong export channels can support domestic steel prices and improve mill economics, yet any escalation in trade restrictions would feed back into the entire sector, including the greener producers now regaining confidence.
