News Archives for Latest - 2024-05-01

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Archive - 2024-05-01

USA

Fed leaves rates unchanged, flags ‘lack of further progress’ on inflation

Likely that gaining greater confidence will take longer than previously expected, says Fed Chair Jerome Powell

Published 01 May, 2024 11:53pm

World

Blinken tells Israel ‘better ways’ to deal with Hamas than Rafah assault

ASHDOD: Secretary of State Antony Blinken said Wednesday that he made clear to Israeli leaders US opposition to a...

Published 01 May, 2024 11:20pm

USA

US sanctions suppliers in Russia, China over Ukraine war

WASHINGTON: US officials on Wednesday announced fresh sanctions aimed at crippling Russia’s military and industrial...

Published 01 May, 2024 11:08pm

Pakistan

COAS Munir, UK counterpart discuss measures to further elevate bilateral defence relations

Chief of Army Staff (COAS) General Syed Asim Munir and UK Army’s Chief of General Staff (CGS) General Sir Patrick...

Updated 01 May, 2024 09:57pm

Technology

Crypto washout sends bitcoin below $58,000 into bear market

LONDON: Bitcoin fell for a third day on Wednesday, having posted its worst monthly performance in April since late...

Updated 01 May, 2024 09:55pm

Middle East

Antony Blinken says US ‘determined’ to get Israel-Hamas deal ‘now’

TEL AVIV: US Secretary of State Antony Blinken renewed calls for Hamas to accept a ceasefire deal on Wednesday as he...

Updated 01 May, 2024 09:54pm

Pakistan

Labour Day: President Zardari, PM Shehbaz reiterate commitment to labourers’ welfare

Prime minister says government to convene inaugural National Tripartite Labour Conference with special focus on safety, health

Updated 01 May, 2024 09:53pm

USA

Police tackle US campus protests as Los Angeles hit by clashes

LOS ANGELES: Hundreds of people were arrested at pro-Palestinian protests on US campuses as police on Wednesday...

Updated 01 May, 2024 09:52pm

‘BCA’ on the cards to battle against smuggling

ISLAMABAD: The federal government is likely to establish “Border Control Authority (BCA)” for provision of an...

Updated 01 May, 2024 09:39pm

Middle East

Hamas official insists Gaza ceasefire must be permanent

PALESTINIAN TERRITORIES: Hamas will respond to an Israeli truce proposal for Gaza “within a very short period”, an...

Updated 01 May, 2024 09:02pm

Middle East

‘Torrential’ rains shutter Saudi schools, flood roads

RIYADH: Saudi Arabian authorities shuttered schools in several regions on Wednesday as flash floods inundated roads,...

Published 01 May, 2024 08:54pm

Energy

Oil falls to 7-week low on surprise build in US storage, Middle East ceasefire hopes

US Energy Information Administration says energy firms added surprise 7.3 million barrels of crude into stockpiles during week ended April 26

Updated 01 May, 2024 08:36pm

Stocks

US stocks flat as Starbucks, CVS Health tumble

NEW YORK: Wall Street stocks were little changed early Wednesday ahead of a Federal Reserve decision as traders...

Published 01 May, 2024 08:31pm

Europe

Ukraine unveils AI-generated foreign ministry spokeswoman

KYIV: Ukraine on Wednesday presented an AI-generated spokeswoman called Victoria who will make official statements...

Published 01 May, 2024 07:54pm

Business & Finance

US Fed likely to keep rates steady as hopes of early cuts fade

WASHINGTON: The US Federal Reserve is expected to hold interest rates steady for a sixth straight meeting Wednesday,...

Updated 01 May, 2024 07:51pm

South Asia

Parts of India record hottest April as heatwave kills nine

NEW DELHI: Eastern India experienced its hottest April on record as a heatwave scorched parts of the country amid a...

Updated 01 May, 2024 07:47pm

Middle East

More war debris in Gaza than Ukraine: UN

GENEVA: The Gaza Strip is filled with more war debris and rubble than Ukraine, the head of UN demining operations...

Published 01 May, 2024 07:22pm

Middle East

Turkiye to join South Africa’s genocide case against Israel at World Court, minister says

ISTANBUL: Turkish Foreign Minister Hakan Fidan said on Wednesday that Turkiye would join in South Africa’s genocide...

Published 01 May, 2024 06:51pm

Middle East

Iran’s Khamenei criticises Arab-Israel normalisation bids

TEHRAN: Iran’s supreme leader Ayatollah Ali Khamenei said Wednesday efforts underway to forge a normalisation of...

Published 01 May, 2024 06:39pm

Sports

Pakistan Women’s squad announced for England tour

The newly-appointed seven-member women’s national selection committee on Wednesday named a 17-player squad for...

Published 01 May, 2024 06:30pm

Sports

Rybakina rallies to make Madrid final

MADRID: Elena Rybakina battled back from 2-5 down in the deciding set and saved two match points to overcome Yulia...

Published 01 May, 2024 06:29pm

Growing pressure on expenditures: Higher mark-up payments behind challenge: MoF

Total expenditures during July-February 2024 remained under pressure due to higher mark-up payments

Updated 01 May, 2024 04:36pm

Bringing developers, builders into tax net: FBR fails to achieve desired results

It is learnt that the FBR is expected to issue increased values of immovable properties from July 1, 2024

Updated 01 May, 2024 03:24pm

Life & Style

Samba, Gazelle shoes help drive Adidas sales while North America lags

Strong demand for its retro-style Gazelle and Samba sneakers helped drive Adidas’ strong first-quarter growth,...

Published 01 May, 2024 03:15pm

Forex

Dollar nears year high after pre-Fed data shock, yen slips

LONDON: The dollar inched towards its highest level since November on Wednesday ahead of a Federal Reserve interest...

Published 01 May, 2024 03:06pm

Stocks

Most Gulf bourses muted on weaker oil prices

Most stock markets in the Gulf were subdued in early trade on Wednesday as oil price fell, though Qatar’s index...

Published 01 May, 2024 03:04pm

Sports

Refugee Olympian Lohalith suspended after failing dope test

Anjelina Nadai Lohalith, who ran as a refugee athlete in the 1,500 metres at the 2016 and 2021 Olympics, has been...

Published 01 May, 2024 02:44pm

Middle East

French foreign minister makes unscheduled Cairo stop as Gaza truce talks intensify

CAIRO: France’s foreign minister arrived in Cairo on Wednesday on an unscheduled stop during a Middle East tour as...

Published 01 May, 2024 02:39pm

Europe

Russian guided bombs kill two in Ukraine’s Kharkiv region, governor says

KYIV: Russia attacked the Kharkiv region in northeastern Ukraine with guided bombs on Wednesday, killing at least...

Published 01 May, 2024 02:28pm

Europe

EU’s Borrell calls on Georgia to respect its citizens’ right to peaceful assembly

TBILISI: The European Union on Wednesday called on Georgia to respect the right of peaceful assembly and not use...

Published 01 May, 2024 02:23pm

Stocks

UK’s FTSE 100 edges higher ahead of Fed outcome

Britain’s FTSE 100 rose on Wednesday after recording back-to-back monthly gains, with investors awaiting the Federal...

Published 01 May, 2024 02:18pm

Sports

Bayer Leverkusen looking for Roma revenge in Europa League last four

MILAN: Bayer Leverkusen are gunning for revenge on Thursday when they travel to a second Europa League semi-final...

Published 01 May, 2024 01:51pm

Life & Style

‘Operation Madonna’: Rio readies for singer’s free mega-concert

RIO DE JANEIRO: Madonna’s long-awaited free concert on Rio de Janeiro’s Copacabana Beach has upended the...

Published 01 May, 2024 01:32pm

Stocks

Asian markets track Wall St down ahead of Fed decision

HONG KONG: Asian stocks sank in holiday-thinned trade Wednesday, tracking a sharp sell-off on Wall Street after...

Published 01 May, 2024 01:27pm

Sports

Steve Smith axed as Australia name T20 World Cup squad

SYDNEY: Former captain Steve Smith and rising talent Jake Fraser-McGurk were notable omissions as Australia named...

Published 01 May, 2024 01:23pm

Life & Style

US novelist Paul Auster dies aged 77

NEW YORK: Paul Auster, the prolific American novelist whose works included “The New York Trilogy,” has died of...

Published 01 May, 2024 12:52pm

Asia

Southern China road collapse kills at least 19

BEIJING: At least 19 people died when part of a highway collapsed in southern China’s Guangdong province on...

Published 01 May, 2024 12:46pm

Life & Style

Hollywood stunt performers rev up ‘Fall Guy’ premiere

LOS ANGELES: Fresh from the high-profile success of “Barbie,” Ryan Gosling used the Los Angeles premiere of his next...

Published 01 May, 2024 12:32pm

World

New Zealand says no quick membership of AUKUS tech pact

WELLINGTON: New Zealand’s foreign minister on Wednesday ruled out Wellington quickly joining a landmark defence...

Published 01 May, 2024 12:19pm

Asia

Six dead in Vietnam timber plant blast: reports

HANOI: Six people were killed and seven injured in an explosion at a timber factory in southern Vietnam on...

Published 01 May, 2024 12:06pm

Europe

UK local polls could determine PM Sunak’s fate

LONDON: Britain’s ruling Conservative party is expected to suffer heavy losses in crunch local elections this week...

Published 01 May, 2024 11:57am

South Asia

April temperatures in Bangladesh hottest on record: forecaster

DHAKA: Bangladesh last month saw the hottest average April temperatures since the country began keeping weather...

Published 01 May, 2024 11:55am

Stocks

Australian shares fall as miners and banks drag; Fed in focus

Australian shares fell on Wednesday, led by commodity-related stocks and banks as upbeat US data dampened hopes of...

Published 01 May, 2024 11:30am

Stocks

Japan’s Nikkei edges lower as investors await Fed decision

TOKYO: Japan’s Nikkei share average fell in the morning session on Wednesday, with traders maintaining a cautious...

Published 01 May, 2024 11:24am

USA

Police arrest dozens of pro-Palestinian protesters in Columbia University raid

NEW YORK: New York City police raided Columbia University late on Tuesday to arrest dozens of pro-Palestinian...

Published 01 May, 2024 10:50am

Commodities

Gold hits near four-week low as traders ready for Fed verdict

Gold prices fell on Wednesday to their lowest level in nearly four weeks as investors looked towards a US Federal...

Published 01 May, 2024 10:31am

Technology

Microsoft to open first regional data centre in Thailand

BANGKOK: Microsoft will open its first regional data centre in Thailand, the tech giant said on Wednesday, as it...

Published 01 May, 2024 10:28am

Business & Finance

Investors scour the globe for shelter as Wall Street shakes

LONDON: Global investors are eyeing European and emerging market assets to protect themselves from further...

Published 01 May, 2024 10:21am

World

US spending on London real estate rebounds to highest in eight years

LONDON: US investors are buying up London commercial property at the fastest rate in eight years, data compiled by...

Published 01 May, 2024 10:13am

FBR issues list to PTA: SIMs of 506,671 IT non-filers to be blocked

ISLAMABAD: The Federal Board of Revenue (FBR) has issued a list of 506,671 non-filers of income tax returns whose...

Updated 01 May, 2024 09:42am

Lunar mission to be launched from China on Friday

ISLAMABAD: Pakistan’s lunar mission (ICUBE-Q) will be launched on the coming Friday from Hainan, China. According to...

Updated 01 May, 2024 09:37am

Activists occupy Columbia building as protests flare

NEW YORK: Columbia University on Monday began suspending pro-Palestinian student activists who refused to dismantle...

Updated 01 May, 2024 09:36am

China says Hamas, Fatah met for talks in Beijing

BEIJING: China said Tuesday that Palestinian groups Hamas and Fatah met in Beijing recently for “in-depth and candid...

Updated 01 May, 2024 09:21am

9MFY24: Fiscal deficit recorded at Rs3.902trn

ISLAMABAD: Fiscal deficit has been recorded at 3.7 percent (Rs3,902.416 billion) of the GDP during the first nine...

Updated 01 May, 2024 09:20am

Pakistan receives $1.1bn from IMF

KARACHI: Pakistan has received inflows of $1.1 billion from International Monetary Fund (IMF) as final loan tranche...

Updated 01 May, 2024 09:20am

BR’s refresher: your morning briefing for the day

Important updates from April 30, 2024

Published 01 May, 2024 09:17am

High-level US delegation discusses various issues

ISLAMABAD: A US State Department delegation led by Acting Under Secretary for Political Affairs John Bass visited...

Updated 01 May, 2024 09:14am

Petrol price slashed by Rs5.45, diesel’s by Rs8.42

ISLAMABAD: The federal government announced a significant reduction in petroleum product prices, up to Rs 8.74 per...

Updated 01 May, 2024 09:13am

Opinion

Ending hopium-V

• Next is for MoI&P (Ministry of Industries and Production), MoITT (Ministry of Information Technology and...