France recognises Palestinian state before UNGA

UNITED NATIONS: French President Emmanuel Macron on Monday recognised a Palestinian state, leading a UN summit that already spurred other Western governments to take the landmark step that has infuriated Israel. “The time for peace has come, as we are just moments away from no longer being able to seize it,” Macron told the summit. … Read more

TRG’s legal battle with ex-CEO imperils export giant’s future

[ KARACHI: Headlines about the legal battles between software services exporter TRG and its former CEO have raised questions about the fate of a company contributing over $100 million annually to Pakistan’s fragile exports. Founded in 2003 by Pakistani-Americans Hasnain Aslam, Mohammed Khaishgi, and Muhammad Ziaullah Khan, TRG began as an investment holding company with … Read more

8 Swedish glaciers disappeared

STOCKHOLM: Eight of Sweden’s 277 glaciers melted completely during 2024 and are now extinct due to global warming, the head of the Tarfala Research Station in northern Sweden told AFP on Monday. Another 30 glaciers are at risk, glaciology professor Nina Kirchner said. The extinct glaciers “won’t come back in our lifetime and not if … Read more

PSX falls 483 points, investors book profits

[ KARACHI: The Pakistan Stock Exchange (PSX) kicked off the new trading week on Monday with a volatile performance as the benchmark KSE-100 index ended the day in the red. Following late-session selling pressure owing to profit-taking and futures contract rollover, the index closed down by 482.71 points, or 0.31%, at 157,554.66. The bourse opened … Read more

China evacuates 400,000

SHENZHEN: The Chinese city of Shenzhen was preparing Monday to evacuate 400,000 people while residents of the northern Philippines sought shelter from gale-force winds as Super Typhoon Ragasa headed on a collision course with southern China. The typhoon made landfall on the Philippines’ Calayan Island, part of the sparsely populated Babuyan chain, at 3:00 pm … Read more

PTCL’s lapses stall $1 billion Ufone-Telenor merger

[ ISLAMABAD: The Competition Commission of Pakistan (CCP) has revealed that lapses by Pakistan Telecommunication Company Limited (PTCL) have stalled the proposed $1 billion Ufone-Telenor merger. In a presentation to the Senate Standing Committee on IT, the regulator said PTCL had once again failed to submit its $1 billion investment plan required to pave the … Read more

Pakistan, China team up to develop orchards

[ GUANGZHOU: In the heart of Pakistan’s citrus belt, a transformative collaboration between Chinese and Pakistani scientists is helping farmers break a decades-long cycle of crop loss and market rejection, offering new hope for the agricultural export-based economy. At the centre of this change is Dr Shaukat Ali, Associate Professor at the Engineering Research Centre … Read more