energy

European stocks slide on oil price slump

LONDON: Global stocks sank on Wednesday (Jun 21) as the energy sector took a beating from an oil price slump. Crude prices slid further after diving more than two per cent on Tuesday on increasing fears of a global supply glut, as continued production in the US and elsewhere offsets an OPEC output ...

China May Establish Naval Base in Pakistan

A recent report released by the Pentagon indicates that China is likely seeking to establish a military base in Pakistan, a country with which it has a longstanding friendly relationship. Wajahat Khan at NBC News report: The Pentagon didn’t provide a time frame for such a move. However, a seni...