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PSX dips over 4,000 points as Trump’s speech shakes global markets

[ The market currently trading in negative territory, reflecting notable selling pressure US President Donald Trump’s stubborn war mania quelled investor enthusiasm at the Pakistan Stock Exchange (PSX) on Thursday, turning the entire business environment into a state of confusion.    In the morning, trading started with a cautious tone as stocks displayed absolutely flat … Read more

Indonesia earthquake damages buildings, but tsunami alerts have been lifted

A computer screen showing Earthquake in Karachi area. PHOTO: SUHAIL YUSUF A magnitude 7.6 earthquake struck in Indonesia’s Northern Molucca Sea on Thursday, killing one person, damaging buildings and triggering tsunami waves, authorities and witnesses said, though monitoring agencies said the likelihood of further casualties was low. Indonesia’s meteorology agency BMKG said there were tsunami waves reported in … Read more

NASA launches four astronauts on world’s first crewed lunar mission in half a century

NASA Administrator said the launch was an opening act for subsequent missions that include construction of moon base Artemis II crew members (from left) CSA (Canadian Space Agency) astronaut Jeremy Hansen, and NASA astronauts Christina Koch, Victor Glover, and Reid Wiseman walk out of Astronaut Crew Quarters inside the Neil Armstrong Operations and Checkout Building to the … Read more

Sugar policy ends price controls

[ Sugar. Photo: file ISLAMABAD: The government has finalised a new national sugar policy to largely end political control over prices, production and sales – in a move that this time may also benefit poor farmers and open a highly controlled sector to competition. The draft National De-Regulation Policy of the sugar sector has also … Read more

PM rejects new oil price proposal

[ ISLAMABAD: Prime Minister Shehbaz Sharif has rejected a proposed new oil pricing formula, addressing deep concerns among the entire oil industry, which has warned of a massive fuel crisis if the revised framework is adopted. Former petroleum minister Musaddiq Malik had proposed an oil inventory cost-based formula, which was turned down by the oil … Read more

Iran renews retaliation with strikes on Israel after Trump war speech

Air defences activate as projectiles approach key northern regions, Israeli media reports A view of a residential building that was damaged by a strike, amid the US-Israeli conflict with Iran, in Tehran. Photo: Reuters Iran has launched three barrages of missiles toward northern Israel since early Thursday, according to Israeli Channel 12. Air raid sirens … Read more

Taiwan military says budget delay threatens $2.4 billion in weapons buying, training

Defence spending is set to increase by 22.9% to T$949.5 billion in 2026, President Lai Ching-te’s administration says Taiwan’s Defence Minister Wellington Koo reacts during the annual Han Kuang military exercise in Kaohsiung, Taiwan. PHOTO: REUTERS A delay in approving Taiwan’s budget this year threatens T$78 billion ($2.44 billion) in weapons procurement, maintenance and training, a senior … Read more

Carbon trading deal with Norway inked

[ ISLAMABAD: Pakistan and Norway on Wednesday signed the country’s first bilateral agreement under Article 6.2 of the Paris Agreement, formally opening access to international carbon markets, climate finance and investment in low-carbon sectors. According to a statement issued on Wednesday, the memorandum of understanding, signed in Islamabad under the Ministry of Climate Change and … Read more