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China’s Xi calls for ‘secure, controllable’ AI as competition with US grows

President of China Xi Jinping attends the plenary session during the 2023 BRICS Summit at the Sandton Convention Centre in Johannesburg, South Africa on August 23, 2023. GIANLUIGI GUERCIA/Pool via REUTERS/File Photo Acquire Licensing Rights China’s President Xi Jinping on Friday called for developing “secure and controllable” artificial intelligence (AI) amid the growing competition in … Read more

$3b Saudi rollover ‘all good’: FinMin

[ EASING PAYMENT OBLIGATIONS: Sources said Pakistan was working on multiple options to extend the longevity of its short-term external debt and also stagger the upcoming payments of energy debt being obtained by Chinese firms to set up power plants under CPEC. PHOTO:FILE ISLAMABAD: Finance Minister Muhammad Aurangzeb said on Thursday that it was “all … Read more

Uber in $15b deal for Delivery Hero

[ Acquisition advances the US ride-hailing firm’s efforts to build a global food-delivery business BERLIN: Uber agreed on Thursday to buy Germany’s Delivery Hero at an equity value of $14.8 billion to create the largest food-delivery group outside China and stave off intensifying competition from US and European rivals. The acquisition advances the US ride-hailing … Read more

Over 100 wildfires prompt Algeria to urgently recall civil protection personnel

A firefighter sprays water to extinguish flames in the Fontainebleau forest during a wildfire, in Le Vaudoue, during a heatwave affecting large parts of France, July 13, 2026. Photo: REUTERS/file Algeria issued an urgent order Thursday recalling personnel across 45 provinces as the country battled more than 100 wildfires amid an intense heat wave. The … Read more

Reserves down $1.24b on debt repayments

[ KARACHI: The State Bank of Pakistan’s (SBP) foreign exchange reserves decreased by $1,245 million during the week ended July 10, 2026, reaching $17,225.8 million. The decline was mainly due to external debt repayments. Pakistan’s total liquid foreign currency reserves stood at $22,675.5 million, including $17,225.8 million held by the SBP and $5,449.7 million with … Read more

Digital exchanges eye Pakistani investors

[ KARACHI: Several global exchange companies are focusing on Pakistan’s market to attract investors after the military crisis in the Middle East shifted their interest in different venues, particularly to multiple high-dividend, accessible, and secure options. Industry experts say geopolitical uncertainty in the Middle East, coupled with changing investor preferences and the rapid expansion of … Read more

US strikes in Iran hit airport, bridges and railway station

Smoke rises following a strike at an unknown location during what the U.S. military says is its latest wave of strikes on Iran, hitting “Iranian military targets such as coastal surveillance and air defense sites, military logistics infrastructure, and maritime capabilities,” in this still image taken from handout video released July 16, 2026. PHOTO: REUTERS … Read more

What to know ahead of Spain-Argentina clash

Argentina chase historic consecutive titles as Spain bid for a second World Cup crown The 2026 FIFA World Cup final brings together two of international football’s most successful nations, Spain and Argentina, whose rivalry has been remarkably even over the decades. Spain are seeking their second World Cup title, while defending champions Argentina are bidding … Read more