ISLAMABAD, Pakistan—Pakistan said Tuesday that it was in talks with Russia over importing wheat, as it struggles to make up for crops and food stocks washed away by massive floods, which have killed more than 1,100 people.Prime Minister Shehbaz Sharif appealed for the world to provide more help for ...
COLOMBO, Sri Lanka—As Sri Lanka’s foreign-exchange reserves began to dwindle under a mountain of debt early in the Covid-19 pandemic, some officials argued it was time to ask for a bailout from the International Monetary Fund, a politically fraught move that traditionally comes with painful austerity measures.But China, Sri ...
OPEC and its allies stuck to a small, planned increase in oil production on Thursday, as windfall revenue from high crude prices boosts the economies of Saudi Arabia and other producers while providing a buffer to Russia against Western sanctions.In its third meeting since Russia invaded Ukraine, sending oil ...
ISLAMABAD, Pakistan—Shehbaz Sharif became prime minister of Pakistan Monday through a vote in Parliament, inheriting a highly polarized political situation and a deteriorating economy.Mr. Sharif, 70, is getting his first chance at the top job after years of being the junior political partner to his older brother, Nawaz Sharif, ...
ISLAMABAD, Pakistan—Two mining companies resolved a decadelong dispute with Pakistan, officials said, in a deal that will restart work on a giant copper mine and spare the country from having to pay billions in compensation. Canada’s Barrick Gold Corp. and Chile’s Antofagasta PLC had stopped preliminary work in 2011 ...
The U.S. lost its 20-year campaign to transform Afghanistan. Many contractors won big.Those who benefited from the outpouring of government money range from major weapons manufacturers to entrepreneurs. A California businessman running a bar in Kyrgyzstan started a fuel business that brought in billions in revenue. A young Afghan ...
Nearly 140 countries agreed Friday to the most sweeping overhaul of global tax rules in a century, a move that aims to curtail tax avoidance by multinational corporations and raise additional tax revenue of as much as $150 billion annually.But the accord, which is a decade in the making, ...
A scramble for natural gas is creating pockets of scarcity in the global market, boosting prices for the fuel and for the electricity generated by burning it.Rampant demand in China is sucking in chilled cargoes of gas from the U.S., after a year in which American energy companies throttled ...
The Biden administration is working to embed India in a network of countries in sharp competition with China, though they need to smooth over disagreements that include human rights and New Delhi’s acquisition of a Russian defense system.Highlighting the push was Friday’s virtual meeting between President Biden and the ...