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US intelligence sees Iran’s new supreme leader influencing war strategy

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Mojtaba Khamenei reportedly helping shape Tehran’s negotiations with Washington despite injuries US intelligence agencies believe Iran’s new Supreme Leader, Mojtaba Khamenei, was involved in shaping Tehran’s wartime strategy and negotiations with Washington despite remaining out of public view following injuries sustained during the war, according to a CNN report on Friday. The report, citing sources … Read more

Weekly inflation surges 15.16% YoY

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[ KARACHI: The Sensitive Price Indicator (SPI), which monitors weekly inflation, has been on a sharp upward trajectory for many weeks, largely due to spillover effects of the Israel-US war on Iran. For the week ended May 7, 2026, it surged 15.16% compared to the same week of last year. On a year-on-year basis, a … Read more

Labour loses power in Wales setback

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LONDON: Britain’s Labour Party lost power Friday in Wales for the first time since its devolved assembly was created in 1999, as the nationalist Plaid Cymru won the most seats in local elections, the BBC reported. With all 96 seats declared, Plaid Cymru won 43 — falling short of a majority — while anti-immigration Reform … Read more

Investors book gains amid US-Iran tensions

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[ Heavyweight stocks drag KSE-100 down by 1,778 points on Strait of Hormuz conflict KARACHI: Pakistan’s stocks on Friday came under pressure as renewed geopolitical tensions between the US and Iran near the Strait of Hormuz triggered a bearish session on the Pakistan Stock Exchange (PSX). The benchmark KSE-100 index declined nearly 1,780 points to … Read more

Industry warns against abrupt tariff cuts

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[ Petrochemical, plastic sectors need policy stability for investment, says minister ISLAMABAD: Federal Minister for Commerce Jam Kamal Khan met representatives of the Pakistan Business Council and industrial stakeholders, including Gatron Industries CEO Taimur Dawood, to discuss tariff rationalisation, export sustainability and manufacturing challenges, according to a statement issued by the Ministry of Commerce on … Read more

Queen of World Cup anthems is back

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tribune

Shakira revives football fever with new FIFA song filmed at Brazil’s iconic Maracana Stadium Global pop icon Shakira is heading back to football’s biggest stage, reviving memories of her 2010 smash hit ‘Waka Waka’ with a brand new anthem for the 2026 FIFA World Cup being held across the United States, Mexico and Canada this … Read more

Trump threatens to resume ‘Project Freedom Plus’ if Iran deal not sealed

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‘We’ll go a different route if everything doesn’t get signed up, buttoned up,’ US president says US President Donald Trump delivers remarks in the Rose Garden at the White House in Washington, DC, US, May 8, 2026. REUTERS US President Donald Trump warned that Washington may escalate its military posture in the Strait of Hormuz … Read more

Rubio urged to end silence on Israel’s N-capability

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Intervention comes as President Donald Trump has joined Israel in military operations against Iran WASHINGTON: A group of progressive Democratic lawmakers in the United States has called on Secretary of State Marco Rubio to publicly acknowledge Israel’s suspected nuclear weapons programme, marking a rare coordinated challenge to Washington’s decades-long policy of ambiguity on the issue … Read more

US stocks climb toall-time highs

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[ BENGALURU: The S&P 500 and the Nasdaq touched fresh peaks on Friday, boosted by gains in Nvidia and other technology stocks, while a stronger-than-expected jobs report allayed concerns over the state of the laboUr market. Tech heavyweights Nvidia and Apple rose 2.3% and 1.8%, respectively, while the Philadelphia SE Semiconductor index recovered from Thursday’s … Read more