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China, Indonesia ministers meet to discuss security and economic issues

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Security, politics, economic issues set to dominate talks as Jakarta tries to balance ties with Beijing, Washington Chinese Foreign Minister Wang Yi listens during a joint press conference with Indonesian Foreign Minister Retno Marsudi (not pictured) following their bilateral meeting in Jakarta, Indonesia, April 18, 2024. PHOTO: REUTERS China’s defence and foreign ministers met their Indonesian counterparts on Friday, with security, politics and economic issues set to … Read more

Foreign reserves edge up to $22.5b

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[ KARACHI: Pakistan’s total liquid foreign exchange reserves edged higher to $22.5 billion as of August 13, 2026, according to the latest weekly data released by the State Bank of Pakistan (SBP) on Thursday. The foreign reserves held by the central bank increased by $25 million, reaching $17.1 billion. However, the net foreign reserves with … Read more

Europe’s hottest town says climate change is reshaping daily life

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Floridia residents compare heat to new form of lockdown as streets, piazzas deserted A man wipes the sweat off his face in the Sicilian town of Floridia where five years ago a temperature of 48.8 degrees Celsius, the highest temperature officially registered in continental Europe, was recorded, Italy, August 19, 2026. PHOTO: REUTERS Five years … Read more

Govt seeks increased OIC investment

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[ A panel of the 9th session of the Islamic Conference on Women in Islamabad on Monday. — OIC ISLAMABAD: Pakistan and the Statistical, Economic and Social Research and Training Centre for Islamic Countries (SESRIC) have agreed to strengthen economic and institutional cooperation among Organisation of Islamic Cooperation (OIC) member states, with particular emphasis on … Read more

US says it will impose ‘toughest sanctions in history’ on Iran

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Treasury secretary ties economic pressure to reduced odds of large-scale military action as oil prices rise A woman walks by a mural depicting Iran’s late Supreme Leader Ayatollah Ali Khamenei, on a street in Tehran, Iran, August 13, 2026. PHOTO: REUTERS United States Treasury chief Scott Bessent said the US will impose “the toughest sanctions … Read more

Volatile session at PSX ends in red

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[ In KSE at least, more than a billion rupees drawn from the investors’ protection fund has helped compensate the victims of many defaulting brokers. PHOTO: FILE KARACHI: Pakistan Stock Exchange (PSX) ended lower on Thursday as the benchmark KSE-100 index slipped 255 points amid a volatile session marked by an early surge and a … Read more

Russia is ready for new ideas on Ukraine peace, but with conditions, senior diplomat says

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Moscow says will hear proposals but doubts Washington’s sway over Kyiv, European sponsors Russia’s Deputy Foreign Minister Sergei Ryabkov attends a press conference in Moscow, Russia November 26, 2025. PHOTO: REUTERS Russia is open to listening to new proposals on how to reach a settlement on the Ukraine conflict, a senior Russian diplomat said, but any proposals should reflect the “realities on … Read more

Gaza mediators slam Israeli strikes

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RUINED SHELTER: Palestinians inspect the site of an Israeli strike on a tent in Khan Younis, southern Gaza Strip. PHOTO: REUTERS ANKARA: Turkey, Egypt and Qatar, which have been trying to mediate an end to the Gaza conflict, condemned recent Israeli strikes in the Palestinian enclave, urging Israel to meet its ceasefire obligations and avoid … Read more