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Archive for September, 2010

A Pakistani Politician has been murdered in north London

A Pakistani Politician has been murdered in north London

A Pakistani politician who was exiled has been murdered just outside of his residence in north London, it has been announced. It is believe that Mr Imran Farooq, who was a member of the Muttahida Quami Movement (MQM) political party, was attacked on Green Lane in Edgware, near a used sofa for sale shop. The London Metropolitan Police stated that a 50-year-old Asian man had been killed after having suffered multiple head injuries and stab wounds. A serious assault was reported to have taken place at around 1730BST, after which the main was being treated by paramedics before he was declared dead just over an hour later at 1837BST, where the scene of the incident had taken place.

His next of kin were informed and no arrests have yet been made. It is understood that leaders of the MQM had been living in exile in London for the past 18 years and that security forces had been searching for Dr Farooq for a considerable length of time. In Karachi, the largest city in Pakistan, the MQM is the major party and Dr Farooq was one of its founding m embers.

Shoaib Hasan of the BBC said that he had spoken to other members of the party and that there was a great deal of grief and sorrow amongst them. Meanwhile, it is also alleged that Dr Farooq had been living in England since 1992 and had not returned to Pakistan since. He also admitted that the political party had a violent past; it is also known that Dr Farooq claimed political asylum in the UK, alleging that all charges made against him back in his own country were politically motivated. It is also alleged that he had been campaigning against the former Pakistani government from his exile in London. The parents of Imran Farooq said that they had a great deal of faith in the Metropolitan Police, who will be investigating the event in the coming days and weeks as they begin searching for the killer. Mr Hasan also said that Dr Farooq was the MGM’s deputy leader and that he had been living in exile in London since 1999.

Royal Dutch Shell experiences substantial profits amid higher oil prices

The Royal Dutch Shell oil company has experienced a quarterly profit increase of almost 50 percent, due to the recent boost in oil prices and their current standing as one of the foremost red diesel suppliers. The company’s profits were 4.9 billion US dollars, up 49 percent compared with the same period in 2009. This is in stark contrast to the last quarter of 2009, when Shell only managed a profit of 1.2 billion US dollars, less than one quarter of the profits for the following quarter. The company also planned to axe 2,000 jobs by the end of 2010, which would help reduce overall costs by up to 1 billion US dollars.

Chief executive of Shell, Peter Voser, said that the dramatic turnaround in these results was as a result of the company’s careful response to the poor data from last year, which prompted officials to explore new oil fields and drive new growth in production. However, the rise in the price of oil also played a role, which has almost doubled in the last year. In 2009 a barrel of oil cost 41 US Dollars, in the first quarter of 2010 it would cost 76 US Dollars.

However, Voser expected the rest of the year to be more mixed for Shell, citing heavy pressure on gas prices and demand for oil, despite the fact that there is now a steady recovery taking places from the global recession. This could mean a further increase in oil price and stronger demand for petrochemicals. BP, the company’s main rival, has recently reported first quarter profits of 5.6 billion US dollars, more than double the 2.4 billion a year ago.


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