Europe Hurries to Fund More Cutting-Edge Businesses to Compete with China and U.S.
European governments, facing a nearly $1 trillion gap in investment funding, are casting a wide net to back start-ups developing pioneering technologies.
How the Iran War Made Africa’s Richest Man Even Richer
[Africans have turned to one of their own for fuel as the world’s supplies run low. But they are not the only ones with the continent’s richest man on speed dial.
As Europe rearms, Italy’s fragmented space sector faces a scale test
Space firms acquire others to build scale as customers demand suppliers capable of offering expertise, resilience A satellite model is placed on a picture of Earth in this illustration taken November 25, 2024. PHOTO: REUTERS Italy’s fragmented space industry is facing growing pressure to consolidate as defence and government customers increasingly favour larger suppliers capable of handling complex … Read more
US, South Korea to cut length, scope of military drills after Trump order
Ulchi Freedom Shield exercise to run through August 21 instead of original end date of August 27 US Army soldiers talk between Stryker armoured vehicles at a US army base near the demilitarised zone separating two Koreas, in Dongducheon, South Korea, August 18, 2026. PHOTO: REUTERS South Korea and the United States will cut short annual joint military drills to five days … Read more
‘Missing ecosystem’ keeps Pakistan from building robots
[ Robionix founder says AI garment inspection had been localised, seeks Chinese robot parts BEIJING: Robionix Technologies, a Pakistani maker of AI-based garment inspection systems, says it can now build most of its equipment at home. But precision robot components remain out of reach, and its founder says Chinese partners could help close that gap. … Read more
India four wickets away from victory in Sri Lanka Test
Set to chase 372 Sri Lanka were 195-6 after lunch with Sonal Dinusha batting on 80 India’s Prasidh Krishna (R) celebrates with teammates after taking the wicket of Sri Lanka’s Niroshan Dixkwella during the fifth day of the first Test between Sri Lanka and India at the Galle International Stadium in Galle on August 19, … Read more
Sabalenka slams Wang to advance at Cincinnati
World number one Aryna Sabalenka returns a shot in a victory over China’s Wang Xinyu at the WTA and ATP Cincinnati Masters. Photo: AFP CINCINNATI: Aryna Sabalenka unleashed her big game with devastating effect on Tuesday, hammering China’s Wang Xinyu 6-1, 6-3 to reach the fourth round of the ATP-WTA Cincinnati The world number one … Read more
Ministry unveils debt clearance plan
[ ISLAMABAD: The Petroleum Division has submitted a circular debt settlement plan to the Cabinet Committee on Energy (CCOE) to clear liabilities of Rs1.49 trillion in the gas sector. A report was presented to the CCOE in a meeting held on Tuesday, chaired by Prime Minister Shehbaz Sharif. Sources said the meeting was informed that … Read more
Iran war: Trump tries economic pressure — again
Iran has survived decades of sanctions. Faced with more, it is likely to escalate rather than surrender, analysts said.
REER hits eight year high at 107.92
[ C/A gap narrows to $328m in July as remittances rise to $3.6b, offsetting deficit KARACHI: The current account balance recorded a deficit of $328 million in July 2026, compared to a deficit of $814 million in June 2026, despite a jump in remittances in the same month. The month-on-month improvement offered some relief, yet … Read more