Москва. 2 августа.

Following the imposition of fines of more than$ 55 million by United States authorities on the National Bank of Pakistan( NBP), its president Arif Usmani said the penalty was for" historical compliance programme weaknesses and delays in making compliance-related enhancements", adding that the bank's system has improved under a new management.In a letter addressed to the general manager of the Pakistan Stock Exchange( PSX), a copy of which is available with Dawn. com, Usmani noted that there were

LONDON: Oil markets only exhibit the current combination of falling spot prices and a calendar spread in backwardation relatively infrequently, which suggests the contradiction between them will resolve itself rapidly. Falling spot prices imply the production-consumption balance is expected to become less tight – but backwardation implies the opposite, with a further drawdown in inventories from already low levels. The contradictory combination of falling prices and backwardation normally occurs

By Michael Taylor8 Min ReadKUALA LUMPUR( Thomson Reuters Foundation)-A new pledge by world leaders to halt deforestation by 2030 is likely to fail unless quickly backed by more funding, transparent monitoring and tough regulation of businesses and financiers linked to forest destruction, environmentalists warn. Delegates sit during the UN Climate Change Conference( COP26) in Glasgow, Scotland, Britain, November 1, 2021.... Please credit the Thomson Reuters Foundation, the charitable arm of Thom