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Oil prices slip on teetering Iran ceasefire as Trump heads to China

[ Brent drops to $106, WTI to $101 as fragile Iran ceasefire, Trump-Xi summit fuel market uncertainty An oil tanker anchors near the oil hub of the port of Fos-Lavera at sunset near Marseille, southern France. PHOTO: REUTERS Oil prices fell on Wednesday, snapping a ​three-day rally as investors awaited developments around the fragile Middle … Read more

Recovery reliant on imports not exports

[ SBP warns of structural weaknesses as exports, productivity lag; firms profiteering keeps inflation sticky KARACHI: Pakistan’s economic recovery remains heavily dependent on domestic consumption, imports and remittance inflows rather than exports and productive investment, with the State Bank of Pakistan (SBP) warning that deep rooted structural weaknesses continue to threaten sustainable growth. “It has … Read more

Beatles to open London museum at final gig site

photo bbc

McCartney said the idea was driven by the lack of public access to key Beatles sites in London LONDON: The Beatles will open their first official London museum next year inside the historic Mayfair building where they recorded their final album and performed their last live rooftop concert, Paul McCartney announced on Monday. The new … Read more

PSX ends lower amid choppy trading

[ KARACHI: The Pakistan Stock Exchange (PSX) on Tuesday witnessed a mixed yet largely negative session as investors remained cautious amid geopolitical uncertainty surrounding US-Iran peace negotiations. After commencing trading on a firm footing, the benchmark KSE-100 index moved higher in early trade as renewed buying interest pushed the market to the intra-day high of … Read more