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IMF talks stall over flood loss dispute

[ ISLAMABAD: Pakistan and the International Monetary Fund (IMF) were unable to conclude the second review talks within the deadline due to “outstanding issues” concerning the timing of the publication of a Governance and Corruption Diagnostic Assessment report and differences over flood-loss estimates. Officials said Pakistan estimated the total economic losses from last year’s floods … Read more

Google faces UK intervention after ‘strategic market status’ designation

Britain on Friday designated Google with “strategic market status” in online search, the first time it has deployed new powers to tackle the dominance of big tech and paving the way for interventions it deems necessary. The Competition and Markets Authority’s move enables it to compel the Alphabet-owned company to change the way it operates … Read more

Magnitude 7.4 earthquake hits southern Philippines on Friday

A strong earthquake of magnitude 7.4 struck offshore in the southern Philippines on Friday, its seismology agency said, with tsunami warnings issued in several countries and people in nearby coastal areas urged to move inland or to higher ground. Agency Phivolcs warned of aftershocks from the quake, which struck in the morning in waters off … Read more