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A year after USAID shutdown, Americans still back foreign development aid, poll shows

Nearly all Americans overestimated by far how much Washington spent on such programs A person leaves flowers, next to a USAID sign which is covered over, at the agency’s headquarters in Washington, US. Photo: Reuters A year after the Trump administration dismantled the US Agency for International Development, most Americans still support ​foreign aid to provide … Read more

Yen sinks to 39-year low of 162 against dollar amid US rate concerns

Currency weakens to level last seen in 1986, while risk of intervention limits further losses The Japanese yen on Monday weakened to a nearly 39-year low against the United States dollar, pressured by expectations that US interest rates could remain elevated, while investors remained cautious over possible intervention by Japanese authorities. The dollar briefly rose … Read more

China restricts light aircraft flights after Beijing tower crash: report

Last Friday, pilot was killed, and 13 were wounded after small plane crashed into one of Beijing’s tallest skyscrapers China restricted private aviation operators from flying light fixed-wing aircraft after a small plane crashed into one of the tallest buildings in Beijing last week, the United Kingdom-based Financial Times reported on Monday. The pilot was … Read more

New era as PIA passes into private hands

ISLAMABAD: The Pakistan International Airlines (PIA) on Monday marked a historic milestone in its aviation journey as the national flag carrier officially transitioned to the new management under the PIA Equity Ltd, a special purpose vehicle (SPV) of the Arif Habib Consortium. This takeover is the culmination of a rigorous privatisation process designed to breathe … Read more

South Africa repatriations top 25,000

. JOHANNESBURG: South Africa’s security forces said Monday that more than 25,000 people have been repatriated in recent weeks ahead of planned anti-immigrant protests, with many others still awaiting departure. The outflows come as thousands seek to leave over safety fears after citizen-led groups issued an unofficial ultimatum for undocumented foreigners to exit the country … Read more

Germany dumped out by Paraguay

FOXBOROUGH: Germany crashed out of the World Cup at the hands of Paraguay in the last 32 after losing 4-3 on penalties following a 1-1 draw in Foxborough on Monday. It marks the first time that Germany have ever lost a penalty shootout at a World Cup. Julio Enciso headed Paraguay into a shock lead … Read more