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Israeli strikes leave five dead in Gaza

. CAIRO/GAZA: Israeli strikes killed five Palestinians, including a 9-year-old boy, in the Gaza Strip on Tuesday, health officials said. Medics said an Israeli drone killed the child, Adel Al Najjar, in eastern Khan Younis in the south of the enclave, while an Israeli airstrike targeted a vehicle in Gaza City, killing four people. Regarding … Read more

Rate hike undermines investor confidence

[ KSE-100 loses 1,085 points on worries higher borrowing costs may hit corporate profits KARACHI: The Pakistan Stock Exchange (PSX) ended Tuesday’s session on a negative note as a 100-basis-point policy rate hike weighed on investor sentiment, who were worried that the central bank’s monetary tightening would dent business activities. During the trading session, the … Read more

IMF okays 60% cut in gas levy

[ Sources said that the IMF observed the CPP levy should be seen as a punitive tool to discourage the use of gas in inefficient in-house plants. photo: file ISLAMABAD: The International Monetary Fund (IMF) has allowed Pakistan to modify the price formula used to determine the captive gas levy, which will reduce gas prices … Read more

UK MPs block Mandelson inquiry

. LONDON: British lawmakers voted on Tuesday against launching an inquiry into whether Prime Minister Keir Starmer misled parliament in statements about his decision to appoint Peter Mandelson as ambassador to the United States. Starmer picked Labour veteran Mandelson for the top diplomatic posting in December 2024 and then sacked him last September when his … Read more

GCC mulls response to Iranian strikes

Saudi Crown Prince Mohammed bin Salman receives the Emir of Qatar, Sheikh Tamim bin Hamad Al Thani, in Jeddah. Photo: REUTERS JEDDAH: Saudi Crown Prince Mohammed bin Salman chaired a consultative meeting of the Gulf Cooperation Council in Jeddah on Tuesday, state media said, the first in-person meeting of Gulf leaders since their states became … Read more

Indonesia train crash toll tops 15

. JAKARTA: The death toll from a train collision near the Indonesian capital Jakarta has risen to 15 with another 88 injured, a senior minister said on Tuesday, as emergency teams completed work to rescue passengers trapped in the wreckage. The collision between a commuter train and a long-distance train happened late on Monday in … Read more