Business
Don’t force drivers to use parking apps, RAC says
Drivers should not be forced to use mobile apps to pay for parking, the RAC has said, after three-quarters of drivers it surveyed said they had issues with them.
The most common problem was poor phone signal in the car park, followed by the app not recognising the car park the driver was in.
The findings come as the government prepares to expand its National Parking Platform (NPP), which aims to prevent drivers from having to download multiple parking apps.
The RAC welcomed the NPP but said more local authorities and parking companies needed to sign up.
RAC senior policy officer Rod Dennis said parking operators “should offer drivers at least two different ways to pay”.
“Parking should, in theory at least, be one of the simplest tasks any driver completes but having to navigate a variety of differently designed apps – and register an account, vehicle details and bank cards with each one – can be a pain,” he said.
“No-one should be forced to use a mobile app when parking if they don’t want to, especially those who struggle with technology or just don’t have a smartphone.”
The RAC survey of 1,700 people found that 13% of respondents couldn’t work out how to use a parking app. Of the respondents over 75, this figure was 26%.
Nearly half of those surveyed said they preferred to pay by card or contactless payment on their phones.
BBC News visited Deansgate North Q-Park in Manchester to find out what drivers thought of the findings.
One young man said using the apps was easy but his preferred method to pay for parking was Apple Pay on his phone.
Another said he got a ticket after having trouble connecting to a parking app.
“I had to send receipts to basically prove I had a parking permit.”
Following a trial in 10 local authorities in England, the government announced in May that the National Parking Platform would be expanded across the country, but car park and app providers have to opt in.
The platform is run on a not-for-profit basis by the British Parking Association (BPA), which represents parking operators.
Mr Dennis said the RAC welcomed the launch of the NPP, which “should spell the end of drivers needing to download lots of separate apps just to park and simplify things enormously”.
He added: “This does depend on enough local authorities and parking companies up and down the country signing up, though.”
The RAC said that if drivers run into signal issues while trying to pay for parking, they should collect evidence of their attempts to pay, including screenshots of any app error messages.
Margie Rimes from York is 77 and has a smartphone that she uses regularly. But she gets “panicky” about paying for parking with apps.
“If I’m going somewhere where I know I’m going to have to park… I find it stressful,” she said.
She has taken taxis a few times “rather than have to face the [parking] machine”, in part because she has poor eyesight.
Her local train station allows people to pay for parking at the ticket office, which she appreciates.
But she thinks the NPP is a good idea: “I think if they’re going to have apps it’s better to be standardised.”
The NPP said its purpose was “to make parking simpler and more consistent by allowing drivers to use the parking app of their choice in participating locations”.
“The NPP is about expanding choice, not restricting it. Local Authorities using the NPP can continue, and many still do, offer cash payments if they wish, and a phone line will also be available to support those who prefer or need to pay by phone.”
The BPA said it welcomed the increase in use of parking apps, but added it was “vital that technology works for everyone”.
“Our members are committed to making parking as simple and accessible as possible, and we actively encourage operators to offer a range of payment options, including cashless and traditional methods to meet the needs of all drivers,” it said in a statement.
Business
Saudi Oil Supply Assurance Lifts Pakistan Stock Market – SUCH TV
KARACHI: The Pakistan Stock Exchange rallied on Thursday after Saudi Arabia assured Pakistan of facilitating crude oil shipments through the Red Sea port of Yanbu Port, easing concerns over potential fuel supply disruptions.
The benchmark KSE-100 Index climbed sharply during the trading session, rising 4,439.93 points (2.85%) to reach an intraday high of 160,217.14 points.
Market Recovery
Analysts attributed the market rebound to renewed institutional buying and improving investor sentiment after Saudi assurances on oil supplies.
Market expert Ahsan Mehanti, CEO of Arif Habib Commodities, said easing fuel supply concerns played a key role in the recovery.
He added that rising global crude prices, expectations of a new International Monetary Fund loan tranche for Pakistan, and positive economic indicators also boosted investor confidence.
Alternative Oil Route
Pakistan sought an alternative supply route after Iran announced the closure of the Strait of Hormuz, a crucial global oil transit corridor.
Federal Petroleum Minister Ali Pervaiz Malik held talks with Nawaf bin Said Al-Malki, requesting Saudi support for uninterrupted energy supplies.
Saudi authorities reportedly assured Pakistan that oil shipments could be routed through Yanbu, and one crude vessel has already been prepared for dispatch.
Global Oil Market Impact
Oil prices continued to rise amid tensions in the Middle East conflict involving Iran, Israel and the United States.
Brent crude: up 3.26% to $83.99 per barrel
West Texas Intermediate (WTI): up 3.70% to $77.42 per barrel
Energy markets remain volatile as shipping disruptions threaten supply through the Strait of Hormuz, a route that handles nearly 20% of global oil trade.
Analysts say the Saudi assurance helped calm fears about Pakistan’s energy supply chain, contributing to the strong recovery at the PSX.
Business
Asian stocks today: Markets inch higher mirroring Wall Street gains; Kospi jumps 10%, Nikkei up 1,400 points – The Times of India
Asian stocks inched higher on Thursday, after days of trading in red amid ongoing Middle East tensions. This comes as equities were lifted by a rebound on Wall Street as oil prices paused their recent spike and economic updates painted a more positive picture of the American economy. In South Korea, Kospi hit a pause on its downward rally to add a whopping 10% or 513 points, to reach 5,606. Japan’s Nikkei 225 also climbed 2.7% to 55,713. Hong Kong’s HSI also traded in green, rising 353 points to 25,603 as of 9:10 am. Shanghai and Shenzhen added 0.9% and 1.7% respectively. Gains elsewhere in the region were more modest. Australia’s S&P/ASX 200 added 0.3% to 8,927.20, while New Zealand’s benchmark index moved 0.9% higher. In contrast, US futures indicated a subdued start ahead. Futures linked to the Dow Jones Industrial Average were almost unchanged, while S&P 500 futures ticked up 0.2%. The S&P 500 advanced 0.8% on Wednesday, clawing back much of the decline seen since the onset of the Iran conflict. The Dow Jones Industrial Average rose 0.5%, and the Nasdaq Composite outperformed with a 1.3% gain. Globally, market sentiment has remained sensitive to developments in the Middle East, with oil price swings continuing to steer trading direction. Crude prices eased during Wednesday’s session. Brent crude briefly moved above $84 a barrel before settling at $81.40, roughly matching the previous day’s level. US benchmark crude edged up 0.1% to finish at $74.66 per barrel. By early Thursday, however, oil was on the rise again. Brent crude climbed 2.4% to $83.32 per barrel, while U.S. benchmark crude jumped 2.5% to $76.53 per barrel.
Business
China sets lowest economic growth target since 1991
It is also the first time the target has been lowered since it was cut to “around 5%” in 2023.
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