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General Sahir Shamshad hails China as Pakistan’s ‘Iron Brother’: ISPR

Chairman Joint Chiefs of Staff Committee (CJCsSC), General Sahir Shamshad Mirza, is on an official visit to China...

Published 21 Jun, 2023 06:30pm

Markets

India’s Russian oil buying scales new highs in May

NEW DELHI: India’s rising imports of Russian oil hit a record high of about 1.95 million barrels per day (bpd) in...

Published 21 Jun, 2023 06:23pm

Business & Finance

Intel to sell 20% stake in Austrian chip company

Intel said on Wednesday it would sell one-fifth of its stake in IMS Nanofabrication to private equity firm Bain...

Published 21 Jun, 2023 05:49pm

World

US Federal Reserve chair says additional rate hikes likely

WASHINGTON: Federal Reserve Chair Jerome Powell said Wednesday that additional US interest rate hikes will likely be...

Published 21 Jun, 2023 05:42pm

Markets

ECC approves recovery of Rs1.52 per unit surcharge from KE consumers

The Economic Coordination Committee (ECC) of the Cabinet on Wednesday approved a surcharge of Rs.1.52/unit to be...

Published 21 Jun, 2023 05:38pm

World

Putin says Russia’s new Sarmat nuclear missiles soon ready for deployment

MOSCOW: President Vladimir Putin said on Wednesday that Russia’s new generation of Sarmat intercontinental ballistic...

Published 21 Jun, 2023 05:30pm

Sports

Venus Williams handed Wimbledon wild card

LONDON: Five-time Wimbledon singles champion Venus Williams has been awarded a wild card for next month’s...

Published 21 Jun, 2023 05:29pm

World

Brussels says Ukraine makes some progress on conditions for EU talks

BRUSSELS: Brussels on Wednesday said Ukraine had completed two of seven reform benchmarks set before formal...

Published 21 Jun, 2023 05:24pm

Life & Style

Lot of people died for black culture to triumph: Pharrell Williams

PARIS: As he prepared the biggest fashion show of the year in Paris on Tuesday, musician-turned-designer Pharrell...

Updated 21 Jun, 2023 05:35pm

Business & Finance

Airbus fills more than 7,000 of 13,000 positions targeted in 2023

PARIS: Airbus has filled more than half of the 13,000 positions it expects to create in 2023, as aerospace...

Published 21 Jun, 2023 04:54pm

Markets

India’s Sensex hits all-time high; Nifty settles at a record close

BENGALURU: India’s benchmark Sensex stock index hit a record on Wednesday, while the Nifty 50 logged a new closing...

Published 21 Jun, 2023 04:50pm

Markets

Sri Lankan shares end higher as communication services, consumer staples rise

Sri Lankan shares closed higher on Wednesday, boosted by communication services and consumer staples stocks. The CSE...

Published 21 Jun, 2023 04:46pm

Markets

Fading China stimulus hopes and stronger dollar dent copper

LONDON: Copper prices in London fell on Wednesday as market optimism faded over the extent to which top consumer...

Published 21 Jun, 2023 04:42pm

Markets

Palm falls for second day on smaller-than-expected US biofuel mandate

KUALA LUMPUR: Malaysian palm oil futures fell for a second day on Wednesday following news of a U.S. plan to...

Published 21 Jun, 2023 04:40pm

Sports

Kaleemullah, Shahzaib Ahmed Khan partner to launch football facility in DHA, Clifton

Two renowned figures in the football world, Kaleemullah Khan and Shahzaib Ahmed Khan, have joined forces to...

Published 21 Jun, 2023 04:23pm

World

Iran top diplomat in Oman on second leg of Gulf tour

MUSCAT: Iran’s top diplomat arrived Wednesday in Oman where he is to meet senior officials, a day after discussing...

Published 21 Jun, 2023 04:07pm

Pakistan

As Islamabad scrambles, Dar meets US ambassador to alleviate concerns on Pakistan’s budget

Finance minister says measures for fiscal year 2023-24 are aimed at reducing fiscal gap in order to meet national as well as international financial obligations

Updated 21 Jun, 2023 05:25pm

Pakistan

Paris summit: PM Shehbaz to present stance on global financial firms’ restructuring

Calls for creative approaches to rethink global financial system, make it representative and equitable

Published 21 Jun, 2023 03:39pm

Technology

Pakistan’s startup Abhi selected among WEF’s ‘Technology Pioneers’

Pakistan’s financial platform Abhi has been selected as one of the World Economic Forum’s (WEF) ‘Technology...

Published 21 Jun, 2023 03:20pm

Life & Style

Istanbul’s ancient shoreline gets ultramodern museum

ISTANBUL: Istanbul’s museum of modern art moved Tuesday into a futuristic building overlooking the Bosphorus Strait...

Published 21 Jun, 2023 03:14pm

Pakistan

President Alvi approves Justice Qazi Faez Isa’s appointment as next chief justice of Pakistan

Appointment will be effective from September 17, 2023 with retirement of Justice Umar Ata Bandial

Updated 21 Jun, 2023 03:57pm

World

US to provide $1.3bn of additional aid to Ukraine, says Blinken

LONDON: The United States will send $1.3 billion more in aid to Ukraine to help the conflict-hit country overhaul...

Published 21 Jun, 2023 02:43pm

Markets

Sri Lanka consumer inflation slows to 22.1% y/y in May

COLOMBO: Sri Lanka’s National Consumer Price Index (NCPI) inflation eased to 22.1% year-on-year in May after a 33.6%...

Published 21 Jun, 2023 02:40pm

Pakistan

Pakistan ranked in bottom 5 of World Economic Forum gender gap report

Despite relatively high disparities, parity in literacy rate and enrolment in secondary and tertiary education are gradually advancing, says report

Updated 21 Jun, 2023 05:02pm

Pakistan

FIA arrests Chaudhry Parvez Elahi from jail

Seeks 14-day physical remand in money-laundering case

Updated 21 Jun, 2023 05:00pm

Life & Style

‘And Just Like That’: Carrie Bradshaw is back for spinoff season two

NEW YORK: Carrie Bradshaw is back navigating love in New York City once again in season two of ‘And Just Like That,’...

Published 21 Jun, 2023 01:25pm

World

Ukraine dam flood toll hits 41 in Russia-controlled area

MOSCOW: The toll from flooding sparked by a breach of a huge Ukrainian dam has risen to 41 in areas under Russian...

Published 21 Jun, 2023 01:09pm

Markets

European stocks steady, pound drops as UK inflation surprises

LONDON: European stock markets steadied and the pound dropped Wednesday as traders reacted to news of...

Updated 21 Jun, 2023 04:02pm

Sports

Australia, England fined for slow Ashes over rates

SYDNEY: The International Cricket Council fined Australia and England 50 percent of their match fees on Wednesday...

Published 21 Jun, 2023 01:03pm

Sports

Injury layoff leaves Korda ‘hungry’ ahead of Women’s PGA Championship

Nelly Korda is raring to go after missing five weeks to recover from a lower back issue and the world number two...

Published 21 Jun, 2023 01:00pm

Markets

India approves wheat, broken rice exports requests from 4 countries

MUMBAI: India has decided to approve wheat and broken rice exports to few selected countries following their...

Published 21 Jun, 2023 12:24pm

Business & Finance

UK inflation rate unchanged at 8.7% in May, contrary to forecast fall

LONDON: British consumer price inflation was unchanged at 8.7% in May compared to April’s data, contrary to...

Published 21 Jun, 2023 12:21pm

Markets

South African rand falls ahead of May inflation data

JOHANNESBURG: The South African rand fell in early trade on Wednesday, ahead of May inflation data that could give...

Published 21 Jun, 2023 12:18pm

Pakistan

Former aviation minister Ghulam Sarwar Khan arrested in Islamabad

Sarwar was taken into custody for involvement in the May 9 incidents

Updated 21 Jun, 2023 05:01pm

Markets

Sterling seesaws as inflation data keeps heat on BoE

LONDON: The pound seesawed on Wednesday, initially jumping after data showed UK inflation accelerated more than...

Published 21 Jun, 2023 12:11pm

Markets

Rupee improves, settles at 286.98 against US dollar

Currency appreciates 0.08% in inter-bank market

Updated 21 Jun, 2023 04:29pm

Sports

Three things we learned from the first Ashes Test

BIRMINGHAM: Australia’s dramatic two-wicket in the first Test at Edgbaston on Tuesday ensured a hugely-anticipated...

Published 21 Jun, 2023 11:40am

Sports

Scotland shrug off rain delay to close in on Euro 2024

GLASGOW: Scotland were not blown off course by a near two-hour interruption caused by heavy rain as they maintained...

Published 21 Jun, 2023 11:37am

Markets

Hong Kong stocks down at the open

HONG KONG: Hong Kong stocks dropped at the open on Wednesday, tracking a downbeat lead from Wall Street ahead of US...

Published 21 Jun, 2023 11:30am

World

‘Underwater noises’ detected in missing sub search: US Coast Guard

WASHINGTON: Rescuers using sonar to search for the missing Titanic submersible with five people onboard detected...

Published 21 Jun, 2023 11:18am

World

Climate goals need clean energy surge in Global South: IEA

PARIS: Financing for clean energy in developing and emerging economies excluding China must increase seven-fold...

Published 21 Jun, 2023 11:12am

World

Two drones shot down near military base in Moscow region: governor

MOSCOW: Two drones were shot down near a military base in the Moscow region early on Wednesday, without causing...

Published 21 Jun, 2023 11:04am

Markets

Shanghai copper hits two-month peak on tight supply

BEIJING: Shanghai copper prices rose to a two-month high on Wednesday, underpinned by tightening supplies ahead of a...

Published 21 Jun, 2023 10:49am

Markets

Indian bond yields eye Fed comments, RBI policy minutes for cues

MUMBAI: Indian government bond yields are likely to be largely unchanged in the early session on Wednesday as...

Published 21 Jun, 2023 10:43am

Markets

Indian rupee to nudge higher at open, avoiding losses in Asian peers

MUMBAI: The Indian rupee is likely to open slightly higher to the US dollar on Wednesday, shrugging off a decline in...

Published 21 Jun, 2023 10:39am

Markets

Australia, NZ dollars wait in the wings for Powell after steep falls

SYDNEY: The Australian and New Zealand dollars were trying to find a floor on Wednesday after steep falls, awaiting...

Published 21 Jun, 2023 10:36am

Markets

Palm falls nearly 4% after news of smaller-than-expected U.S biofuel mandate

KUALA LUMPUR: Malaysian palm oil futures fell nearly 4% on Wednesday, tracking a slump in rival edible oil prices...

Published 21 Jun, 2023 10:33am

World

A day after Blinken visits Beijing, Biden calls Chinese President Xi a ‘dictator’

KENTFIELD/BEIJING: US President Joe Biden on Tuesday called Xi Jinping a dictator, a day after top US diplomat...

Published 21 Jun, 2023 10:25am

Sports

Murray will not ‘overreact’ to early Queen’s exit

Andy Murray said he will not “overreact” to his opening round exit at the Queen’s Club Championships after Tuesday’s...

Published 21 Jun, 2023 10:18am

Technology

China unveils $72bn tax break for green cars to spur demand

BEIJING/SHANGHAI: China unveiled on Wednesday a 520 billion yuan ($72.3 billion) package to boost sales of electric...

Published 21 Jun, 2023 10:10am

Technology

Tesla wins as Texas requires state-backed charging stations to include its plug

Tesla scored a series of victories for its charging technology on Tuesday, capped by Texas saying it would require...

Published 21 Jun, 2023 10:06am

Markets

Asia stocks slip as suspense builds for China, Fed news

SYDNEY: Asian stocks were subdued on Wednesday as a lack of new stimulus steps from Beijing frustrated investors,...

Published 21 Jun, 2023 10:00am

Technology

SoftBank to shift to ‘offence mode’ as AI booms

TOKYO: SoftBank Group CEO Masayoshi Son said on Wednesday that his tech investing conglomerate plans to shift its...

Published 21 Jun, 2023 09:55am

Technology

Ant Group confirms it is working on own AI large language model

SHANGHAI: A technology research and development team at China’s Ant Group is developing its own large-language model...

Published 21 Jun, 2023 09:52am

BR Research

CAD roundup: 11MFY23

The current account posted a surplus for the third consecutive month – last three months (March to May) surplus...

Published 21 Jun, 2023 09:50am

Markets

Gold range-bound as markets position for Powell’s testimony

Gold prices moved in a tight range on Wednesday after two-straight sessions of declines, as investors refrained from...

Published 21 Jun, 2023 09:49am

Markets

Indian shares set to open lower on weak global cues

BENGALURU: Indian shares are set to open lower on Wednesday, tracking global peers, as a modest rate cut from China...

Published 21 Jun, 2023 09:47am

BR Research

For the love of samosas?

In a year of economic gloom and doom, Pakistan is all set to increase its edible oil imports by almost 10 percent...

Published 21 Jun, 2023 09:46am

Markets

Nikkei reverses course to end higher on bargain-buying; SoftBank leads

TOKYO: Japan’s Nikkei share average reversed course to close higher on Wednesday, as investors scooped up cheap...

Updated 21 Jun, 2023 12:05pm

BR Research

Clover Pakistan Limited

Clover Pakistan Limited (PSX: CLOV) was incorporated in Pakistan as a public listed company in 1986. The company is...

Published 21 Jun, 2023 09:44am

Markets

Australian shares ease after 7-day rally as commodity stocks drag

Australian shares eased on Wednesday after seven days of gains, as commodity stocks lost ground on concerns about...

Published 21 Jun, 2023 09:43am

Markets

Dollar finds footing on housing data as yuan falters

SINGAPORE: The US dollar was firm in Asia trade on Wednesday following surprisingly strong US housing data, while...

Published 21 Jun, 2023 09:41am

Markets

Oil holds steady ahead of Powell’s congressional testimony

LONDON: Oil prices stabilised on Wednesday ahead of Federal Reserve Chair Jerome Powell’s congressional testimony...

Updated 21 Jun, 2023 05:27pm

World

Musk says Tesla looking at significant investment in India, after meeting Modi

Tesla chief executive Elon Musk said India’s Prime Minister Narendra Modi was pushing the car maker to make a...

Published 21 Jun, 2023 09:34am

Markets

Thailand’s 2024 budget to be ready by Q1 next year

BANGKOK: Thailand expects its 2024 fiscal budget to be ready by the first quarter of next year, the head of the...

Published 21 Jun, 2023 09:28am

Markets

Corn futures climb on dry weather concerns; soybeans, wheat gain

SINGAPORE: Chicago corn futures rose on Wednesday as dry conditions in key areas of the US Midwest raised supply...

Published 21 Jun, 2023 09:26am

Pakistan

The Weather

KARACHI: The weather report on Tuesday (June 20, 2023) and the forecast for Wednesday (June 21, 2023)...