Here’s the latest.
Group of 7 leaders will discuss Artificial Intelligence and global imbalances on Wednesday, even as questions over Iran linger.
ECC overrules objections to EVTL lease extension
[ Investment minister’s protest rejected; inquiry ordered into lack of competitive bidding ISLAMABAD: The Economic Coordination Committee (ECC) on Tuesday overruled objections raised by Investment Minister Qaiser Sheikh, who had opposed the 30-year lease extension for the Engro Vopak Terminal by declaring it a violation of public procurement rules. Headed by Finance Minister Muhammad Aurangzeb, … Read more
Buying frenzy powers PSX up by 3,353 points
[ KARACHI: Pakistan Stock Exchange (PSX) on Tuesday extended its record-setting rally as investors continued to engage in aggressive buying amid growing confidence in the country’s economic outlook and easing geopolitical tensions in the region. The benchmark KSE-100 index gained 3,353.15 points, or 1.89%, to close at 180,392.98, after touching the intra-day high of 180,503.55 … Read more
Iranian tankers exit US blockade zone ahead of peace talks
Negotiations on final deal start immediately after Swiss signing ceremony and continue during 60-day window Brent futures rose $1.46, or 1.6%, to $91.36 a barrel by 10:38 am EDT, while US West Texas Intermediate (WTI) crude rose $1.45, or 1.7%, to $88.11. PHOTO: REUTERS/FILE The first tankers carrying Iranian oil exited a US blockade in … Read more
Elon Musk’s AI tool Grok was used in strikes against Iran: US govt
US military’s AI-assisted targeting program is initially powered by Anthropic’s Claude model Elon Musk’s company The company’s current market capitalization is around $1 trillion. Nvidia, currently the world’s most valuable company, is worth around $4 trillion.PHOTO :REUTERS Elon Musk’s artificial intelligence tool Grok was used in strikes against Iran, the United States government revealed in … Read more
Oil prices fall 5% to 3-month low
[ NEW YORK: Oil prices fell about 5% to a three-month low on Tuesday as traders hoped the US and Iran would agree to end the war and allow oil to flow through the Strait of Hormuz. Prices, which were already down about 4% Tuesday morning, extended those losses following a Wall Street Journal report … Read more
Why The New York Times Is Expanding in Texas
[Members of a new team of Times reporters and editors are covering culture, economics and more in a state long known for its political clout.
FBI foils ‘planned attacks’ at UFC event
. WASHINGTON: FBI Director Kash Patel confirmed Tuesday that law enforcement officials disrupted “planned attacks” at last weekend’s White House UFC event that reportedly included explosive drones. Five people were arrested from states including Ohio, Missouri and California, sources told The Associated Press. ABC News reported that the alleged plots included drones designed to target … Read more
Oil dips as investors weigh deal on Iran war as uncertainty persists on Hormuz
[ Oil prices inched lower on Wednesday, extending the previous session’s declines as investors assessed the US-Iran peace deal, though uncertainty over the full resumption of shipping through the Strait of Hormuz limited further falls. Brent crude futures dipped 16 cents, or 0.2%, to $78.80 a barrel by 0340 GMT, while US West Texas Intermediate fell … Read more
Punjab budget raises tax rates
[ LAHORE: Punjab has not introduced any new tax in its budget for fiscal year 2026-27, offering some relief to the province’s cash-strapped residents. However, the government plans to raise the rates of several existing taxes to meet its revenue targets. The proposed Finance Bill 2026 seeks higher rates for token tax, Abyana (water tax) … Read more