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SBP rules out bold rate cuts

[ State Bank of Pakistan. Photo: File KARACHI: The State Bank of Pakistan (SBP) Governor Jameel Ahmad has expressed confidence that the country’s current phase of macroeconomic stabilisation will continue for at least the next two years, while making it clear that the central bank will avoid any unconventional or “out-of-the-way” policy rate cuts despite … Read more

Elton John accuses UK tabloid publisher of ‘abhorrent’ privacy breaches

elton john photo file

Alleges behaviour ‘outside even the most basic standards of human decency’; Prince Harry, Hurley other complainants Elton John. Photo: file LONDON: Pop icon Elton John on Friday accused the publisher of two UK tabloids of “abhorrent” privacy invasions “outside even the most basic standards of human decency” as he testified at London’s High Court. Giving … Read more

US earmarks $1.3b for Reko Diq mining project

[ ISLAMABAD: The United States has earmarked $1.3 billion for Reko Diq copper and gold mining project aimed at providing support for the extraction of mineral reserves in Balochistan. Pakistan is currently working on the Reko Diq project in partnership with a Canadian firm. It requires capital injection of $3.2 billion, of which Washington has … Read more

Bangladesh JI leader seeks power

. Leader of Bangladesh’s Jamaat-e-Islami and prime ministerial hopeful Shafiqur Rahman. Photo: AFP DHAKA: The leader of Bangladesh’s Jamaat-e-Islami and prime ministerial hopeful Shafiqur Rahman has contested three elections and lost. This time, he hopes to finally win. Voters in the nation will head to the polls on Thursday for the first time since a … Read more

Inflation reverses course ahead of Ramazan

[ A man selling vegetables waits for customers at his makeshift stall at the Empress Market in Karachi. PHOTO: REUTERS ISLAMABAD: After three weeks of decline, inflation has started to rise again in the country ahead of Ramazan. During the latest week, prices of essential daily-use items increased by 0.09% on a weekly basis and … Read more

Stellantis plunges on $27b bill for EV pullback

[ A view shows the logo of Stellantis at the entrance of the company’s factory in Hordain, France, July 7, 2021. PHOTO: REUTERS MILAN: Stellantis announced 22.2 billion euros ($26.5 billion) of charges on Friday as it scales back its electric-vehicle ambitions, hammering its shares as traditional automakers pay the price of misjudging the switch … Read more

Blood of US news anchor’s mother found: police

nancy guthrie and savannah guthrie photo file

Nancy Guthrie and Savannah Guthrie. Photo: file LOS ANGELES: Detectives searching for the kidnapped mother of a top US TV news anchor said Thursday blood discovered on her doorstep belonged to the missing 84-year-old woman, in the latest twist in a case that has gripped America. Nancy Guthrie, mother of NBC News “Today” co-host Savannah … Read more