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Consumer confidence falls by 24% to 2-year low

[ Survey shows country has entered ‘extremely pessimistic territory’ as inflation, unemployment bite Consumer Confidence Index drops 3.42% in survey’s May edition. PHOTO: EXPRESS KARACHI: Consumer confidence in Pakistan has suffered its sharpest single-cycle drop in recent years, with the Consumer Confidence Index (CCI) falling 24.4% to 65.3 in the third quarter of FY26, down … Read more

Oil set for steepest weekly gain since mid-July, fuelled by US-Iran clashes

[ Sunset clouds glow over pump jacks at the Airankol oil field operated by Caspiy Neft in the Atyrau region, Kazakhstan, April 21, 2026. PHOTO: REUTERS Oil prices rose on Friday, heading for their steepest weekly gain since mid-July, as rising tension and renewed US-Iran hostilities heightened ​concerns over Middle East supply risks. Brent crude … Read more

Ailing Auger-Aliassime falls at US Open

Khachanov stuns Auger-Aliassime 6-7, 6-3, 6-2, 6-2 at US Open. Photo: AFP NEW YORK: Third seed Felix Auger-Aliassime tumbled out of the US Open on Thursday as former champions Iga Swiatek, Naomi Osaka and Coco Gauff reached the third round. Karen Khachanov, ranked 50th in the world, downed Auger-Aliassime 6-7 (5/7), 6-3, 6-2, 6-2, pulling … Read more

Oil rises as Israel threatens Iran again

[ Putin hints at peace deal, Tehran adds ships to list of those it will penalise if they cross the Strait NEW YORK: Oil prices rose on Thursday after US strikes on Iran and renewed Israeli threats against Tehran revived concerns about disruption to Middle East supplies, while comments from Russian President Vladimir Putin signalling … Read more