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February 20, 2021
ISLAMABAD: In the wake of a fault in one of the international cables landing in Pakistan, alternative arrangements to provide uninterrupted internet services to the users have been made by relevant service providers through obtaining additional bandwidth.
The Trans World Associates (TWA) has earlier communicated service degradation on the international connectivity towards Europe on SMW5 cable system due to a subsea fault near Abu Talat, Egypt. Work is under way to rectify the fault. However, it may take some time until the fault is removed completely.
The Pakistan Telecommunication Authority (PTA) is monitoring the situation and will continue to update on it.
Meanwhile, Comex copper futures rose 4.2% to $4.069 per pound.
Copper demand and prices “should continue to benefit from a recovering global economy and [a]transition to ‘green’ energy sources,” Brent Cook, an economic geologist and senior adviser for the newsletter Exploration Insights, told MarketWatch.
The base metal is also finding support from the supply side. Metal miners suffered production slowdowns due to COVID-19 restrictions, and while supplies should pick up speed in 2021, the market will likely continue to be unable to meet demand in the years ahead.
Diving into Copper’s Supply and Demand Dynamics
Cook argued that estimates for supply increases range between 1.5% and 3.5% while demand is “projected to significantly exceed supply.” The supply deficit is projected to increase over the next five to 10 years “primarily due to a dearth of new copper deposit discoveries, the time line to bring a deposit into production,” which can reach for a large deposi
April 7, 2021 Peak Rock Capital has struck a $2bn hard cap final close for its third flagship fundraise, equalling the total raised for its first two funds combined.
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Rocker Marilyn Manson is officially under investigation for domestic violence in Los Angeles.
A day after reports suggested authorities were planning to meet with at least one of the singer s abuse accusers to determine if there are grounds for a criminal probe, it has been confirmed a case file has been opened.
A spokesperson for the L.A. County Sheriff s Department told TheWrap.com: The Los Angeles County Sheriff s Department, Special Victims Bureau is investigating allegation(s) of domestic violence involving Mr. Brian Warner also known as Marilyn Manson, who works in the music industry.
They added: the incidents occurred between 2009 and 2011 when Mr. Warner lived in the city of West Hollywood.
Global copper prices chased after gains in China where the most-traded copper contract on the Shanghai Futures Exchange SCFcv1 rallied to as high as 63,290 yuan, or $9,784, up almost 6% and touching its highest since September 2011, Reuters reports.
Fueling the ongoing rally in the industrial metal, China, the biggest metals consumer, has seen a surge in demand on its rebounding economy. Additionally, there were increased expectations of tight supply and a rush of speculative investment, with many analysts jumping on the multi-year bull run.
However, Commerzbank warned that the metals market may be too frothy, arguing that commodities were “completely detached from reality.” MarketWatch reports.