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Soviet-era watches revived for luxury market

photo reuters

From frozen factory floors to the wrist of Putin, former British lawyer turns ailing Raketa into a success story PETERHOF, RUSSIA: When David Henderson-Stewart first visited Russia’s Raketa watch factory, its few remaining watchmakers were huddled in winter coats over vintage equipment. The British former lawyer knew nothing about watches, but his love of Soviet … Read more

Peru election chief resigns as vote count drags on

. LIMA: The head of Peru’s electoral authority, Piero Corvetto, resigned on Tuesday as pressure grows over the long-delayed results from the country’s April 12 general election. Corvetto, who shared his resignation letter on X, had previously acknowledged logistical delays to the electoral process, but denied that any irregularities took place. In his letter, Corvetto … Read more

IMF to vet auto policy before cabinet

Global lender pushes for tariff cut to 6% by 2030, end of protection for assemblers ISLAMABAD: The International Monetary Fund (IMF) will vet the new auto policy before it is approved by Pakistan’s federal cabinet, as the global lender pushes to open the sector for foreign players by lowering net weighted average tariffs to single … Read more