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Spain Turns to Gas Power to Stabilise Grid After Blackout

Spain has increased reliance on its more expensive gas-fired power plants as it confronts challenges in maintaining grid stability following a nationwide blackout that exposed vulnerabilities in managing a surge of renewable energy on the system. The blackout disrupted power supplies for thousands, prompting urgent measures by grid operators to strengthen electricity generation from fossil fuel sources while balancing the country’s ambitious green energy goals. The blackout […]

What next for the bond market and the US dollar

Matein Khalid The US Treasury bond market is unnerved by Powell’s reluctance to cut rates at the May FOMC and increasing short bets on long duration Uncle Sam IOUs by the world’s biggest hedge funds. This is the reason the 2-year Treasury note yield, the single security most sensitive to changes in expectation of US central bank monetary policy, has risen 15 basis points this week to […]

From Fire To Fizzle – President Trump Has To Take A U-Turn In His Global Tariff War

By Dr. Nilanjan Banik Renowned Nobel laureate economist Robert Solow was once asked if having a trade deficit is bad for any economy. He answered by saying he would always have a trade deficit with his barber and would always run a trade surplus with his students. Such is the nature of the game in […]

LEGOLAND® Malaysia Resort Launches Asia’s Biggest LEGO® School Challenge 2025

Grand Prize Trip to Korea, New Speed Building Finale, and Unforgettable Prizes Await Young Builders! JOHOR BAHRU, MALAYSIA – Media OutReach Newswire – 16 May 2025 – Ready, set, build! The most anticipated LEGO® school event in Asia is back—and it’s bigger, bolder, and more inspiring than ever. The LEGOLAND® Malaysia School Challenge 2025, organized in partnership with the Ministry of Education, kicks off its fourth edition […]

The Science of Tactical Clothing: Balancing Protection and Comfort

Looking for gear that keeps up with tough conditions without sacrificing comfort? Tactical clothing is designed for more than just appearance — it’s made to perform under stress, protect from the elements, and let your body move freely. Whether you’re in the field, on duty, or exploring the outdoors, what you wear can make a big difference. Understanding the science behind tactical wear helps you make better […]

Narendra Modi Must Tell Trump That Kashmir Is A Bilateral Issue Needing No Mediator

By Sushil Kutty The western Press is egging United States President Donald Trump to press India for third-party mediation in the Kashmir imbroglio roiling India-Pakistan relations, while at the same time asserting that Trump has put India, led by Prime Minister Narendra Modi, in a “tight spot”. Prime Minister Modi wasn’t asked for his opinion […]

UAE to become international hub of Motorsports

By Saifur Rahman The governments and the private sector in the GCC are investing heavily in infrastructure and creating world-class race tracks for the development of motorsports that, coupled with strong interest among the local youth are spearheading the motorsports in the region. Home to two global Formula 1 race tracks, the region is yet to become a global hotspot for motorsports. Although a lot of youngsters […]

Narendra Modi Has Been Trapped By Trump – He Has To Get Out Of That With Head High

By Nitya Chakraborty Prime Minister Narendra Modi has placed India in a very advantageous position vis a vis Pakistan in the limited war that lasted for four days beginning early hours of May 7. The ceasefire that took effect from 5 PM of May 10 was more engineered by desperate Pakistan which hoodwinked the US […]

ValorC3 to Build New AI-Focused Data Centre in Boise

ValorC3 Data Centers has unveiled plans to construct a state-of-the-art 10MW colocation facility in Boise, Idaho. The project is a strategic move to meet growing demand for high-performance infrastructure capable of supporting artificial intelligence and other cutting-edge technologies. The new facility is expected to position Boise as a key hub in the U.S. data centre landscape, reinforcing the region’s role in the digital economy. This major development […]

Xi-Putin Declaration In Moscow On The Eve Of Victory Day On May 9 Has Major Geopolitical Significance

By Nitya Chakraborty The joint declaration issued by the Russian President Vladimir Putin and the Chinese President Xi Jinping on the eve of the Victory Day on May 9 upholding longstanding friendship to pursue mutual benefit and win-win outcomes in the new era carries major significance in the present period of global tariff war as […]

Emirates  Group reports record profits of US$6.2 billion

By Saifur Rahman The Emirates Group reported an 18 percent growth in profit before tax exceeding US$6.2 billion (Dh22.7 billion) – a new record – in the financial year 2024-25. This is the first financial year that the UAE corporate tax, enacted in 2023, is applied to the Emirates Group. After accounting for the 9 percent tax charge, the Group’s profit after tax reached US$5.6 billion (Dh20.5 […]

US-China Trade Talks Starting From May 9 In Switzerland

By Nitya Chakraborty It is now official. After waiting for a few days since Donald Trump diluted the U.S. tariff rates for China and announced his intention for talks, China confirmed on Wednesday morning that a high level Chinese negotiating team will be visiting Switzerland for four days beginning May 9 to hold talks with […]

BNM’s Policy Rate Call Looms: Octa Broker Highlights Inflation, Exchange Rate and Trade Challenges

KUALA LUMPUR, MALAYSIA – Media OutReach Newswire – 6 May 2025 – This Thursday, Bank Negara Malaysia (BNM) will announce its policy rate decision. While most analysts expect no change, Octa Broker suggests that a rate cut is on the table and is highly likely to take place later this year due to subdued inflation, stronger ringgit, and a higher likelihood for Fed rate cuts. On Thursday, […]

To Strike Or Not To Strike Pakistan Is The Big Question Before India

By Nantoo Banerjee Amazing are the ways of the Indian government and the country’s political satraps to deal with frequent Islamist terror attacks on India’s innocent citizens. In the last one month or so, the organized Islamist terror in West Bengal’s Muslim-majority Murshidabad district had led to massive destruction and displacement of over 150 Hindu […]

Tensions Escalate as India and Pakistan Approach Breaking Point

The security situation between India and Pakistan has escalated to its highest point in years after a deadly assault on Indian tourists in Kashmir last month. The attack, which claimed several lives, has intensified long-standing hostilities between the two nuclear-armed neighbours. Both nations now stand at a critical juncture, with diplomatic channels strained and military forces on high alert, leading many to fear the potential for an […]

OPEC+ Output Increase Triggers Oil Price Drop Amid Global Demand Concerns

Oil prices fell sharply following OPEC+’s decision to boost output, sparking fears of a global supply glut as demand struggles under the weight of ongoing trade tensions. The agreement reached at the group’s meeting on Saturday saw leaders of the alliance, which includes key producers like Saudi Arabia, Russia, and others, pushing for a significant increase in production. This shift aims to penalise nations that have exceeded their production quotas, notably Kazakhstan. The move, however, has drawn concern from analysts, who warn that further supply increases could exacerbate an already fragile market.

Brent crude, the global benchmark, plummeted by as much as 4.6% at the start of the week, dipping to around $58 a barrel. Meanwhile, West Texas Intermediate saw similar losses, nearing $56 per barrel. This decline marks a significant departure from the earlier momentum in the oil markets, where prices had seen steady gains amid hopes for recovery from global economic slowdowns.

The decision to raise output comes amid an already oversupplied market, with oil producers grappling with the dual challenges of muted demand and an ongoing trade war between major economies. Experts point to the trade dispute between the United States and China as a key factor driving global uncertainty. The tension has disrupted trade flows, suppressed consumer confidence, and led to a slowdown in economic growth, all of which have negatively impacted demand for oil.

The OPEC+ agreement was driven by a desire to exert control over the oil market and curb overproduction by certain members. Kazakhstan, in particular, had been producing more than its share of the agreed output, prompting OPEC+ to take action. While the group has long sought to enforce production limits to stabilise prices, the recent decision to increase supply—at a time when demand remains weak—has raised questions about the balance between supply and demand.

Experts are now analysing the long-term consequences of this policy shift, with many cautioning that the extra supply could further depress prices if demand fails to pick up in the coming months. Economists note that the global trade environment remains volatile, with growth projections for key oil-consuming nations being revised downward. The trade war between the US and China, the world’s two largest economies, continues to overshadow the global outlook, weighing heavily on both manufacturing and consumer demand.

Another factor adding to the complexity of the oil market is the shifting energy landscape. As countries transition toward renewable energy sources and electric vehicles, the traditional demand for fossil fuels is being redefined. Oil companies are already facing mounting pressure from governments and environmental groups to reduce their carbon footprints, which could further dampen future demand for oil.

In response to these challenges, OPEC+ has stated that it will continue to monitor the market and adjust its policies accordingly. However, the recent price drop has raised doubts about whether the group’s strategy is sustainable in the long term. While the alliance has managed to keep oil prices relatively stable over the past few years, there are concerns that the increasing production targets could lead to a supply glut that could destabilise the market further.

At the same time, the decision to increase output is likely to put additional strain on oil-producing countries that rely heavily on revenue from fossil fuels. Nations such as Saudi Arabia, which has been the leading force behind OPEC+, are particularly sensitive to fluctuations in oil prices, as the commodity is a major driver of their economies. The possibility of continued price volatility could prompt these nations to reassess their production strategies, especially if revenue from oil exports falls short of expectations.

Firefox Faces Existential Threat as Antitrust Remedies Target Google’s Default Search Deals

Mozilla’s Chief Financial Officer, Eric Muhlheim, has issued a stark warning about the future of the Firefox browser, stating that its survival is at risk if the U.S. Department of Justice’s proposed remedies against Google’s search monopoly are fully implemented. Muhlheim testified that losing Google’s default search engine payments would threaten the browser maker’s existence. “We would be really struggling to stay alive,” Muhlheim said during testimony […]

India Has Stronger Case To Get Pakistan Back On The FATF Grey List

By K Raveendran India is intensifying its diplomatic offensive against Pakistan, with efforts now underway to push for Islamabad’s re-listing on the Financial Action Task Force (FATF) grey list. This renewed push, backed by an unusually strong expression of support from the Trump-led U.S. administration, marks a strategic escalation by New Delhi to hold Pakistan […]

Influencing Bihar Election Merely On Caste Census Promise Not Possible

By Dr. Gyan Pathak Centre’s announcement of conducting national level Caste Census along with the forthcoming Census in India has intensified caste politics in Bihar, the first state to go to polls later in 2025, whose Vidhan Sabha’s term is to expire on November 22, this year. Political analysts have already claimed that by announcing […]

Microsoft Embraces AI for Code Development, CEO Reveals

Microsoft CEO Satya Nadella has confirmed that between 20% and 30% of the company’s code is now written by artificial intelligence , underlining a significant shift in how software is being developed. Speaking at Meta’s LlamaCon conference, Nadella explained that AI’s growing role in coding reflects broader trends in the tech industry, where machine learning models and advanced algorithms are streamlining development processes and augmenting human programmers’ […]

Dubai’s New Residential Trend: Boutique-Scale Projects Redefine Coastal Living

As Dubai continues to expand its real estate offering, a noticeable shift is underway in how residential developments are being conceptualized and delivered. Traditional high-rise towers, long considered the hallmark of urban prestige in Dubai, are increasingly being complemented — and in some cases, replaced — by boutique-scale, low-rise residential buildings designed for privacy, walkability, and long-term lifestyle value. At the center of this movement is Dubai […]

I am a nervous bull on sterling since 1.22. Why?

Matein Khalid Sterling’s wild swings in Planet Forex literally shaped my path in life after high school. Magret Thatcher’s monetarist revolution and North Sea oil bonanza had taken cable to 2.40 while the Pakistan military’s judicial murder of Prime Minister Bhutto on April 4th​, 1979 meant that we were expelled from the Commonwealth. So I was easily able to persuade my parents that Matt should not follow […]

Gold poised to hit $5,000—and here’s why it matters

Gold reached an all-time high of $3,432.77 per ounce in April 2025. The climb has been steady, underpinned by sustained demand and fundamental global shifts. The next milestone, $5,000, is firmly in sight, I believe. Capital is realigning. Central banks, institutions, and private investors are adjusting their positioning in response to clear macro realities: weakening currencies, structural inflation, declining real yields, and geopolitical instability. In this environment, […]

Pahalgam Aftermath: Need To Juggle Economic Interests And Strategic Calculus

By K Raveendran Trump’s aggressive tariff war with China – built on a throwback protectionist logic more suited to the 1800s than today’s intertwined economy – has driven Chinese firms to redeploy their strategies. Major Chinese exporters, now facing punitive U.S. tariffs as high as 145 percent, are desperately seeking other markets and partners. Chinese […]