Here’s the latest.
Here’s the latest.
Gold falls despite global surge
[ KARACHI: Gold prices in Pakistan declined on Tuesday despite the fact that the global market surged more than 2% after softer-than-expected US inflation data boosted hopes of a less hawkish stance by the Federal Reserve. According to the All-Pakistan Gems and Jewellers Sarafa Association, gold per tola was quoted at Rs424,136 after falling Rs5,600 … Read more
Air India crash probe enters final stages after cockpit recorder, psychology reviews
Filing does not identify whose psychological autopsy is conducted or disclose Boeing 787 crash findings Wreckage of the Air India Boeing 787-8 Dreamliner plane sits on the open ground, outside Sardar Vallabhbhai Patel International Airport, where it took off and crashed nearby shortly afterwards, in Ahmedabad, India. Photo: Reuters India’s aircraft accident investigating body has … Read more
China’s Chip Champion to Raise Billions in Race for A.I. Control
[CXMT, a linchpin in China’s drive to develop homegrown artificial intelligence technology, is aiming to raise nearly $10 billion in a blockbuster public offering in Shanghai.
Buttoned-up Tokyo officials ditch suits for ‘cool’ shorts
Tokyo widens ‘Cool Biz’ campaign as offices cut air conditioning over high energy costs The Tokyo government’s loosened dress code has drawn praise from some, but not everyone’s a fan. PHOTO: AFP On a hot, humid day in Tokyo, metropolitan government official Noboru Watanabe overcame embarrassment to come to work in shorts, an unusual choice … Read more
Death toll in Thai pub fire rises to 32, officials say, with dozens still in hospital
Authorities believe fire was probably sparked by an electrical short circuit in a ceiling air conditioner Family members react as they receive the body of a victim at the Police Hospital morgue, following a deadly fire at a pub in Bangkok, Thailand. Photo: Reuters The death toll from an explosive fire at a Bangkok live music pub … Read more
PSX plunges 6,400 points on ME tensions
[ KARACHI: Massive selling eclipsed trading at the Pakistan Stock Exchange (PSX) on Tuesday as escalating US-Iran tensions and soaring oil prices sparked panic, dragging the KSE-100 index down by more than 6,400 points. The market remained under pressure since the opening bell, with investors offloading shares across the board amid fears that the geopolitical … Read more
Trump Drops Plan to Tax Ships in Strait of Hormuz as Fighting with Iran Escalates
The president’s proposal to impose a fee on shipping in the Strait of Hormuz threatened to increase global energy prices.
Oil hits one-month high over Hormuz tensions
[ NEW YORK: Oil prices rose to a one-month high on Tuesday after the US reimposed a naval blockade on Iran and as renewed attacks between Washington and Tehran heightened concerns over energy flows through the Strait of Hormuz. Before the Iran war, about 20% of global oil supplies flowed through the strait. Keeping price … Read more
Tornadoes in Maine? A Rare Forecast for Parts of U.S. and Canada
Storms on Tuesday could produce damaging winds, large hail and even tornadoes in areas where they are not common.