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Pakistan's economy in 'collapse' as IMF visits
Pakistan's economy in 'collapse' as IMF visits
by  AFP

Pakistan is gripped by a major economic crisis, with the rupee plummeting, inflation soaring and energy in short supply as IMF officials visit to discuss a vital cash injection. In Pakistan, time is of the essence, with Nasir Iqbal from the Pakistan Institute of Development Economics warning the economy had already "virtually collapsed" due to mismanagement and political turmoil.

High energy bills deal heavy blow to Belgian glassware business
High energy bills deal heavy blow to Belgian glassware business
by  AFP

When energy prices blew up last year in the wake of Russia's war in Ukraine, Belgian glassblower Christophe Genard had no other option but to close for three months. The Federation of Belgian Enterprises (FEB) warned this month of spiralling costs for businesses because of higher energy prices and inflation-related wage hikes.

Reliable European demand fuels US natural gas boom
Reliable European demand fuels US natural gas boom
by  AFP

Rising demand from Europe has added to a US natural gas investment boom even as the industry struggles to overcome opposition to pipeline construction. Even before the invasion, there was heavy investment in facilities to transform gas into liquefied natural gas (LNG).

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